Manager Fraud Risk Strategy

Manager Fraud Risk Strategy 

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.

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. 

About You:

• 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

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.

This role has a base salary range of $150000-$195000. Compensation is determined based on experience skill level and qualifications which are assessed during the interview process. Current offers a competitive total rewards package which includes base salary equity and comprehensive benefits.

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

What We Do

Current is a U.S. based consumer fintech and payments platform with over four million members and a mission to improve financial outcomes. It provides mobile banking services that give its members access to opportunities to improve their financial lives such as paychecks up to two days early up to 4% APY fee-free overdraft money management tools and insights fee-free ATMs no fee crypto trading a cash back rewards system and family banking.

Why Work With Us

We turn ideas into reality. We're leaders beyond our titles and experience. Focused on our rapid growth we're a social team with diverse backgrounds and perspectives that celebrates our successes together. At Current we all make an impact. Above all we’re committed to our mission and dedicated to being a part of building something great.

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