Director, Risk

Current•New York, NY

4h•$220,000 - $280,000

About The Position

We are looking for a Director of Risk to join our team and lead Current’s fraud strategy function, including oversight of new account creation, authentications, first party fraud, authorizations, disputes, and chargebacks. This role balances hands-on oversight with forward-thinking strategy, enabling the business to innovate boldly while managing fraud risk. This leader will also play a critical role in building a world-class enterprise risk management function. Reporting directly to the VP of Risk, this leader collaborates across teams, acts as a trusted partner to business owners and compliance groups, and cultivates a culture of proactive risk ownership.

Requirements

Experienced risk leader with 8-10+ years of professional experience
Domain knowledge in fraud, disputes/chargebacks, and payment processing in consumer fintech, deposit and credit businesses
Expert in risk-related regulations (e.g., AML, Reg E, Reg Z, Reg CC) and external partners / value chains (e.g. VISA, KYC Partners, money-movement partners, and offshore vendors).
Undergraduate Degree with a quantitative major in Statistics, Economics, Computer Science, Mathematics, or related field.
Expert in quantitative analysis, exploratory / root cause analysis, business case development, experimental design and impact measurement, performance forecasting and monitoring, model monitoring, procedures, and risk management / maturity model frameworks.
Exceptional written and oral communication skills.
Strong people leader and collaborator; experienced in leading organizational change.
Able to handle competing priorities and influence leadership decision-making.

Responsibilities

Actively manage fraud risk to deliver Company objectives
Oversee risk strategy across the lifecycle, including onboarding (KYC) and ongoing (authentications / ATO, first party fraud) account fraud, card and money movement transaction risk, debit and credit disputes processing and chargeback strategies. Support fraud strategy team and actively deliver new initiatives when needed.
Support accountable business leads in the definition of and management against fraud risk tolerances, including system and manual processing controls
Define a multi-phase risk roadmap; Focus the company to invest in fraud hot spots and make progress against risk appetite
Monitor risk trends and performance; own incident response including root cause analysis and go-forward controls
Identify and surface emerging tools, capabilities, and/or data sources which will drive a strategic advantage for Current.
Develop relevant risk vendor relationships
Support business leads and compliance partners in bank partner relationship management
Build, manage, and maintain a world-class enterprise risk management function
Champion a transparent, pragmatic risk culture; equip first-line teams to own risk and make informed decisions
Develop and maintain robust risk procedures
Conduct second-line review of new initiatives to spot, assess, and preempt fraud risk
Work closely with Finance and accountable business leads to deliver a well-managed process for provisioning, true-up and release of loss allowances
Hire, mentor, develop, and inspire a small but high-impact risk team ready to scale with the business

Benefits

Competitive salary
Meaningful equity in the form of stock options
401(k)
Discretionary performance bonus program
Biannual performance reviews
Medical, Dental and Vision premiums covered at 100% for you and your dependents
Flexible time off and paid holidays
Generous parental leave policy
Commuter benefits
Fitness benefits
Healthcare and Dependent care FSA benefit
Employee Assistance Programs focused on mental health
Healthcare advocacy program for all employees
Access to mental health apps
Team building activities
Our modern Chelsea-based office with open floor plan, stocked kitchen, and catered lunches