Manager, Fraud Risk Strategy
About The Position
Current is a leading consumer fintech platform transforming financial access for everyday Americans with over five million members. We provide access to financial solutions that seamlessly work together to solve the needs of our members and enable all Americans to build better financial futures. Based in NYC, our results-driven environment drives us to build better products, grow faster and empower everyone on our team to have an impact on our business and mission to improve financial outcomes. About the role: We are looking for a Manager to join our Fraud Strategy team with a focus on payments transaction risk. This role is for someone who thrives in a fast-paced, collaborative, and data-driven environment. The key objectives of this role are to minimize fraud losses and operational costs while enabling improved experiences and ensuring compliance. In this role, you will develop and own fraud strategies across all card and money movement rails, debit and credit disputes processing and merchant chargeback processes. This is a critical role for the company at a time of rapid scale, and requires a leader with a business owner mentality and exceptional analytical skills.
Requirements
- 4+ years of progressive experience in analytics functions, mainly as an individual contributor performing quantitative analysis
- Prior experience in fraud risk risk management is required; Experience in payments risk strategy in consumer banking preferred
- Undergraduate Degree with a quantitative major in Statistics, Economics, Computer Science, Mathematics, or related field.
- Strong experience in exploratory and business analysis, experimental design, profitability drivers / unit economics
- Exceptional written and oral communication skills.
- Strong thought leader and collaborator
- Able to handle competing priorities and influence leadership decision-making.
Nice To Haves
- Fraud leader - Has experience in Fraud Risk in a Consumer Banking/ related domain
- Solid foundation in data sources, tools, and strategies for mitigating Fraud risk
- Exceptional written and oral communication skills. Builds context and tells a cohesive story across multiple complex systems.
- Critical thinker - you consider problems from all angles to remove bias and touch bottom on key assumptions
- Results-oriented - you ground contributions in business and customer impact and prioritize effectively to maximize speed-to-impact.
- Creative problem-solver - identifies obstacles; investigates and presents viable solutions
- Thrive in a fast-moving environment
Responsibilities
- Develop and own strategy for payments risk capabilities (automated and manual) that will enable growth while minimizing risk, including money-in and money-out transactions, disputes processing, and negative balance management
- Forecast, manage and be accountable for total cost of risk including loss prevention and detection costs and cost of false positives to maximize risk adjusted returns
- Support the overall Payments Team risk roadmap, including exploratory analysis, business case development, experimental design, performance forecasting and monitoring, model monitoring
- Own incident detection and management, including root cause analysis, resolution, and communication to internal and external stakeholders
- Collaborate with Engineering, Product, and Data teams and other internal and external partners to deliver the the payments risk roadmap
- Contribute to a robust risk management culture at Current
- Identify and exploit emerging tools, capabilities, and/or data sources
- Develop and leverage expertise in regulations and external partners / value chains e.g. VISA, Money-Movement Partners, and offshore vendors in order to deliver business results
- Partner with Fraud Operations and Compliance teams to ensure compliance, including procedure management and adherence, regulatory / bank partner exams, and issue resolution.
Benefits
- Competitive salary
- Meaningful equity in the form of stock options
- 401(k) plan
- 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
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
