Director, Fraud Strategy

GENERAL FUNCTION

The Fraud Strategy Director will have responsibility to manage fraud strategies and analytics at Momentum with regard to assessing and mitigating different types of fraud-related risks for all our consumer lending products. This fraud leader will develop, lead and manage a fraud strategy team to adopt industry-leading solutions, develop and deploy fraud prevention strategies in a collaborative and cross-functional setting, track strategy performance, and continuously improve the process and key performance metrics. The role is also responsible for enhancing customer experience related to fraud prevention. The role requires strategic thinking, strong analytical skills, broad knowledge of fraud management, and attention to details. The incumbent will also be responsible to drive and deliver all fraud system capabilities, continually assessing the fraud threat environment and understanding industry best practices as well as driving underlying vendor negotiations on fraud tools and solutions.

DUTIES/RESPONSIBILITIES

• Own, design and manage all fraud prevention strategies across all products and channels that balance fraud control, sales growth and customer experience, especially origination/acquisition fraud detection and prevention
• Utilize robust analytics and data driven strategies to build and optimize fraud rules and strategies for digital and physical lending platforms
• Define vision and roadmap for successful implementation of fraud solutions, processes and risk policies and manage a team to carry out the roadmap
• Drive and deliver innovation in fraud management including all fraud system capabilities for all products
• Work closely with business partners to ensure fraud strategies are implemented accurately and completed on time
• Promote a risk-aware culture; ensure efficient and effective risk and compliance management practices by adhering to required standards and processes
• Ability to manage vendor relationships, effectively negotiate and create partnerships with best practice fraud vendors that enable achievement of fraud roadmap / strategy
• Lead and manage a team with effective leadership, ability to hire and retain talented staff, ability to train and develop team in fraud expertise

EDUCATION

• Master’s degree in quantitative field such as Decision Science, Data Science, Mathematics, Statistics, Computer Science, Operations Research, Engineering, Finance, or Economics

EXPERIENCE

• 8+ years of experience in fraud risk management focusing on strategy, implementation and launching fraud prevention and detection solutions for Fintech, Banking, or other e-commerce
• Experience working at consumer lending companies in the U.S. is a plus
• Familiarity with 3rd-party Fraud prevention solutions, preferably within the financial services industry

SKILLS

• A seasoned fraud risk professional with 8+ years of Fraud Risk Management in Banking, Payments, or Fintech arena
• Extensive experience with payment products in Consumer or commercial lending
• Extensive experience in solving business problems leveraging data enhancement, visualization and analytics tools such as Tableau
• Understanding of Authentication, Technology & Emerging Digital capabilities
• Ability to solve advanced business problems and deal with a variety of options in complex situations
• Strong communication and interpersonal skills
• Strong stakeholder management skills
• Extensive SQL programming skills, ability to work with and analyze data

We are committed to providing accommodations for people with disabilities. If you require accommodation at any stage of the recruitment process, please let us know, and we will work with you to meet your needs.