Director, Risk

DIRECTOR, RISK

Current is a leading consumer fintech platform transforming financial access for everyday Americans with over 6 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 Director of Risk to join our team and lead Current’s fraud strategy function, including oversight of new account creation, authentications, first party fraud, authorizations, disputes, and chargebacks. This role balances hands-on oversight with forward-thinking strategy, enabling the business to innovate boldly while managing fraud risk. This leader will also play a critical role in building a world-class enterprise risk management function. Reporting directly to the VP of Risk, this leader collaborates across teams, acts as a trusted partner to business owners and compliance groups, and cultivates a culture of proactive risk ownership.

KEY RESPONSIBILITIES:

• Actively manage fraud risk to deliver Company objectives
• Oversee risk strategy across the lifecycle, including onboarding (KYC) and ongoing (authentications / ATO, first party fraud) account fraud, card and money movement transaction risk, debit and credit disputes processing and chargeback strategies. Support fraud strategy team and actively deliver new initiatives when needed.
• Support accountable business leads in the definition of and management against fraud risk tolerances, including system and manual processing controls
• Define a multi-phase risk roadmap; Focus the company to invest in fraud hot spots and make progress against risk appetite
• Monitor risk trends and performance; own incident response including root cause analysis and go-forward controls
• Identify and surface emerging tools, capabilities, and/or data sources which will drive a strategic advantage for Current. 
• Develop relevant risk vendor relationships
• Support business leads and compliance partners in bank partner relationship management 
• Build, manage, and maintain a world-class enterprise risk management function
• Champion a transparent, pragmatic risk culture; equip first-line teams to own risk and make informed decisions
• Develop and maintain robust risk procedures
• Conduct second-line review of new initiatives to spot, assess, and preempt fraud risk
• Work closely with Finance and accountable business leads to deliver a well-managed process for provisioning, true-up and release of loss allowances 
• Hire, mentor, develop, and inspire a small but high-impact risk team ready to scale with the business

About You

• Fraud leader - experienced in Fraud risk domain throughout the lifecycle of account management, transactions, and disputes / chargebacks
• Results-oriented - You ground contributions in real business and customer impact and prioritize effectively to maximize speed-to-impact. 
• 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
• Fast learner - you pick up new skills and tools to get the job done.
• Creative problem-solver - able to identify obstacles and present viable solutions
• Thrive in a fast-moving, ambiguous environment
• Excited by large breadth of problem areas 

Requirements

• Experienced risk leader with 8-10+ years of professional experience 
• Domain knowledge in fraud, disputes/chargebacks, and payment processing in consumer fintech, deposit and credit businesses 
• Expert in risk-related regulations (e.g., AML, Reg E, Reg Z, Reg CC) and external partners / value chains (e.g. VISA, KYC Partners, money-movement partners, and offshore vendors).
• Undergraduate Degree with a quantitative major in Statistics, Economics, Computer Science, Mathematics, or related field. 
• Expert in quantitative analysis, exploratory / root cause analysis, business case development, experimental design and impact measurement, performance forecasting and monitoring, model monitoring, procedures, and risk management / maturity model frameworks. 
• Exceptional written and oral communication skills.
• Strong people leader and collaborator; experienced in leading organizational change.
• Able to handle competing priorities and influence leadership decision-making.

This role has a base salary range of $220,000.00 to $280,000.00. 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) 
• 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 NYC based office with open floor plan, stocked kitchen, and catered lunches