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Director of Risk Management

CurrentNew York, NY
On-site Full-time $220K/yr - $280K/yr

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Experience Level

Senior Level Manager

Qualifications

To excel in this role, candidates should possess strong analytical and strategic thinking skills, with a proven track record in risk management, particularly within the fintech or financial services sector. A comprehensive understanding of fraud prevention techniques, regulatory compliance, and enterprise risk management principles is essential. Strong interpersonal skills are required to effectively collaborate with various stakeholders across the organization.

About the job

Director of Risk Management

Current is a pioneering consumer fintech platform that is dedicated to transforming financial access for everyday Americans, boasting a membership of over five million individuals. We offer a suite of financial solutions that work in harmony to meet the needs of our members, empowering all Americans to build better financial futures. Located in the heart of New York City, we thrive in a results-driven environment that encourages innovation, rapid growth, and the ability for every team member to make a significant impact on our mission to enhance financial outcomes.

About the Role:

We are on the lookout for a Director of Risk to spearhead Current’s fraud strategy function. This position entails overseeing new account creation, authentication processes, management of first-party fraud, authorizations, disputes, and chargebacks. This role requires a balance of hands-on management and strategic foresight, enabling the business to innovate while effectively managing fraud risk. The successful candidate will play a pivotal role in establishing a world-class enterprise risk management function. Reporting directly to the Vice President of Risk, this individual will collaborate across various teams, serve as a trusted partner to business owners and compliance groups, and foster a culture of proactive risk management.

Key Responsibilities:

  • Proactively manage fraud risk to achieve company objectives.
  • Oversee risk strategy throughout the account lifecycle, including onboarding (KYC), ongoing authentications, and processing of card and money movement transaction risks.
  • Define and manage fraud risk tolerances with accountable business leads, integrating system and manual processing controls.
  • Create a multi-phase risk roadmap that directs company investments into fraud hot spots and measures progress against risk appetite.
  • Monitor risk trends and performance; lead incident response efforts including root cause analysis and implementation of preventive controls.
  • Identify emerging tools, capabilities, and data sources that will provide a strategic advantage for Current.
  • Build and nurture relationships with relevant risk vendors.
  • Support business leads and compliance partners in managing bank partner relationships.
  • Develop and maintain a top-tier enterprise risk management framework.
  • Promote a transparent and pragmatic risk culture, empowering teams to take ownership of risk and make informed decisions.
  • Establish and maintain robust risk procedures.

About Current

Current is a transformative fintech platform committed to enhancing financial accessibility for American consumers. With over five million members, we provide comprehensive financial solutions designed to help individuals achieve their financial goals. Our innovative approach and dynamic team environment promote growth and empower all employees to contribute meaningfully to our mission.

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