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Manager of Fraud Risk Strategy

CurrentNew York, NY
On-site Full-time $150K/yr - $195K/yr

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Experience Level

Manager

Qualifications

Qualifications: Proven experience in fraud risk management, particularly within the fintech or payments industry. Strong analytical skills with the ability to interpret complex data and draw actionable insights. Experience collaborating with cross-functional teams to drive initiatives and achieve business goals. Demonstrated ability to develop and implement effective risk management strategies. Exceptional communication skills, both verbal and written, with the ability to convey complex information clearly. Familiarity with regulatory requirements and compliance standards in the financial services sector. Leadership experience with a focus on fostering team growth and development.

About the job

Manager of Fraud Risk Strategy

Current is a pioneering consumer fintech platform dedicated to transforming financial access for everyday Americans, with a community of over five million members. We offer an integrated suite of financial solutions designed to meet our members' diverse needs, empowering all Americans to build prosperous financial futures. Our headquarters in New York City fosters a results-oriented culture, driving us to innovate better products, accelerate growth, and empower our team to make a meaningful impact on our mission to enhance financial outcomes.

About the Role:

We are seeking a dynamic Manager to join our Fraud Strategy team, specializing in managing payments transaction risk. This pivotal role is ideal for individuals who excel in a fast-paced, collaborative, and data-driven environment. You will focus on minimizing fraud losses and operational costs while enhancing user experiences and ensuring compliance. As the owner of the fraud strategies across all card and money movement channels—including debit and credit disputes processing and merchant chargeback processes—you will play a crucial role in our company's expansion. We need a leader with a business ownership mentality and outstanding analytical skills.

Key Responsibilities:

  • Develop and manage strategies for payments risk capabilities (both automated and manual) to facilitate growth while mitigating risks, including managing money-in and money-out transactions, disputes processing, and negative balance management.
  • Oversee the forecasting and management of total cost of risk, encompassing loss prevention, detection costs, and false positive costs to optimize risk-adjusted returns.
  • Support the broader Payments Team’s risk roadmap, engaging in exploratory analysis, business case development, experimental design, performance forecasting, and model monitoring.
  • Own the incident detection and management processes, including root cause analysis, resolution, and communication with internal and external stakeholders.
  • Collaborate with Engineering, Product, Data teams, and other internal and external partners to deliver the payments risk roadmap.
  • Contribute to fostering a robust risk management culture at Current.
  • Identify and leverage emerging tools, capabilities, and data sources.
  • Develop expertise in relevant regulations and partnerships with entities such as VISA and money movement partners to achieve business results.
  • Work in partnership with Fraud Operations and Compliance teams to ensure adherence to compliance standards, including procedure management, regulatory exams, and issue resolution.

About Current

Current is at the forefront of fintech innovation, committed to enhancing financial accessibility for millions of Americans. With a user-centric approach, we provide a comprehensive range of financial services that empower individuals to achieve their financial goals. Our vibrant NYC headquarters nurtures a culture of innovation, speed, and collaboration, making us a pivotal player in the financial technology landscape.

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