Fraud Engineer

Posted 10 Days Ago
2 Locations
Remote
Mid level
Fintech • Payments • Financial Services
The Role
The Fraud Engineer at Kalshi will design and build systems for fraud detection and remediation while interfacing with finance, security, and product teams. Responsibilities include staying updated on fraud detection techniques and shipping high-quality, efficient systems.
Summary Generated by Built In

What we're up to

Kalshi is the first and only federally regulated exchange where people can trade on any event. Think like the NYSE, but instead of trading stocks, you trade on the events you know and care about. Kalshi has more than 500 markets across politics, economics, financials, weather, tech, AI, culture and more.

After three years of regulatory struggle, Kalshi's historic regulatory approval from the CFTC has allowed it to launch a new asset class: event contracts. Event contracts, the fastest-growing asset class today, are elegant financial instruments structured as simple yes/no questions about the future.

Kalshi's vision is to build the next-generation financial ecosystem for trading what we believe will be the largest asset class of all. Kalshi's vision is bold. We're on a long journey in uncharted territories. We are looking for passionate and outlier members excited to embark on this voyage toward building the financial system's next inflection point.

Role Roadmap

We are building a next-generation financial ecosystem (think NYSE or CME from scratch). As part of Kalshi, you will work on various platforms, including core exchange, clearinghouse, API infrastructure, connectivity to brokers and market makers, and others. We are a small team, which means your responsibilities scale very rapidly, and your contributions are clear and visible, not marginal. There is still a lot of green field at Kalshi and a low of it (including entire systems) can be yours.

Some of the things you'll be building and working on:

  • Design and build systems for financial fraud detection and remediation while balancing fraud loss, cost of implementation, and customer experience
  • Work closely with finance, security, product, compliance and operations to holistically combat fraudulent and abusive actors on our system
  • Stay abreast of the latest techniques and tools to stay several steps ahead of determined and well resourced adversaries
  • Ship fast and with high quality.

The company is growing fast, which means your role will evolve and grow with the company. Joining Kalshi means you’ll be exposed to all parts of the business and define our culture and product paths.

About You

  • 4+ years of software engineering experience in backend and data systems
  • Have at least 2 years experience in payment fraud, abuse analysis and investigations
  • Can dive into our codebase, intuit how it works, and be able to have a strong intuition for suggestions that will lead us to a stronger engineering position.
  • A voracious and intrinsic desire to learn and fill in missing skills. An equally strong talent for sharing that information clearly and concisely with others
  • Are comfortable with ambiguity and rapidly changing conditions. You view changes as an opportunity to add structure and order when necessary

Bonus points

  • Experience building financial systems, clearing infrastructure, broker connectivity, etc.
  • Proven experience building large-scale systems and machine learning.
  • Like to interact directly with customers.

NYC Pay Transparency Disclosure:

Salary Range: $100,000 to $200,000 annually plus equity and benefits.

This salary range is based on the current available market data and represents the expected salary range for this role. Kalshi has minimal hierarchy and few titles, but a broad range of experience is represented within roles. Should you have compensation expectations that exceed these bands, we'd love to hear from you and would welcome you to reach out to discuss further.

Our Culture

We are a group of people who work hard and get stuff done. Meritocracy is at our core, and we value people who take ownership and figure (usually hard) things out. We dream big and climb the steeper mountain. We love our craft deeply and are proud of what we put out in the world. We are committed to our vision of an improved financial ecosystem and our mission of bringing more truth to the world through the power of markets.

Kalshians are, by far, Kalshi's largest asset: we pick our teammates carefully, but once we pick our teammates, we trust them deeply.

Commitment to Equal Opportunity

Kalshi is committed to creating a culture of inclusion and belonging, and we are proud to be an equal opportunity employer. We believe it is our collective responsibility to uphold these values and encourage candidates from all backgrounds to join us in our mission. All qualified applicants will be treated with respect and receive equal consideration for employment without regard to race, color, creed, religion, sex, gender identity, sexual orientation, national origin, disability, uniform service, veteran status, age, or any other protected characteristic per federal, state, or local law. If you are passionate about what you do and want to use your talents to support our mission and values, we’d love to hear from you.

Top Skills

Backend Systems
Data Systems
Machine Learning
Software Engineering
The Company
HQ: San Francisco, California
49 Employees
On-site Workplace
Year Founded: 2019

What We Do

The first US federally regulated exchange where you can trade on the outcome of any event.

Kalshi’s historical regulatory approval from the CFTC enables it to offer a new asset class called “event contracts,” which allow traders to take positions on whether a future event will happen or not. Kalshi aims to enable investors to trade on almost anything with economic relevance from Covid numbers to whether a bill will pass in Congress, broadening the historical definition of what a commodity derivative is and paving the way for the futures market to catch up to the novel risks facing the economy today.

Kalshi is backed by Sequoia, Henry Kravis, Charles Schwab, and Y Combinator

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