Vice President, Risk Mitigation Solutions

Velera

1d•$134,500 - $174,900

About The Position

Join the People Helping People Velera is the nation’s premier payments credit union service organization (CUSO) and an integrated fintech solutions provider. The company serves more than 4,000 financial institutions throughout North America, operating with velocity to help our clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Our purpose: We accelerate partners’ success through innovative financial technology solutions and inspired service. The Opportunity: The Vice President (VP) of Risk Mitigation Solutions will spearhead the development and execution of a strategic new business line dedicated to comprehensive fraud prevention within credit unions and community banks. This position is ideal for an innovative and visionary leader with extensive experience in financial services, consulting, technology, and thought leadership. The VP will collaborate closely with internal teams and external partners to deliver state-of-the-art fraud prevention products and services to our clients, ensuring exceptional service delivery and unwavering regulatory compliance. This role will significantly influence financial institutions’ risk management practices, underwriting strategies for fraud prevention, digital engagement authentication, and ongoing consumer validation throughout the client relationship lifecycle. The department’s primary focus is on fraud mitigation, identity verification, and implementation of robust risk controls aimed at minimizing fraud losses across various lines of business within financial institutions.

Requirements

Minimum of 10 years’ experience in fraud prevention, risk management, or related roles within financial services.
Proven track record building and scaling new business lines or product offerings.
Minimum of 10 years’ experience working in credit unions, community banks, or similar institutions, with a strong understanding of regulatory frameworks and compliance requirements.
Ten (10) or more years of demonstrated effective management experience
Bachelor’s degree in Business, Finance, Information Technology, or a related field; advanced degree preferred.

Nice To Haves

CFE certification preferred.

Responsibilities

Business Development: Build and launch a new fraud prevention division, including strategy formulation, market analysis, client management, new sales and resource planning.
Partnership Management: Establish and manage relationships with partner entities, ensuring seamless integration and delivery of fraud prevention solutions to clients.
Leadership & Team Building: Recruit, mentor, and lead a high-performing team of fraud prevention professionals, fostering a culture of innovation and excellence.
Consulting & Thought Leadership: Serve as a subject matter expert on fraud prevention, providing consulting services to clients and representing the institution at industry events, forums, and conferences.
Technology Integration: Drive the adoption and integration of advanced fraud prevention technologies, leveraging data analytics, artificial intelligence, and digital platforms.
Regulatory Compliance: Ensure all fraud prevention initiatives meet regulatory obligations, industry standards, and best practices, with a particular focus on credit unions and community banks.
Consumer Service Excellence: Develop and implement programs that prioritize client needs, deliver superior service, and maintain high levels of client satisfaction