INACTIVE

Full-Time

Director of Fraud Strategy

Varo

501-1,000 employees

Digital, FDIC-insured bank offering high-yield savings and quick money

Fintech

Compensation Overview

$120,000 - $180,000

Senior, Expert

San Francisco, CA, USA

Required Skills

Agile

Data Science

Management

SQL

Tableau

Data Analysis

Requirements

BA/BS in Science, Engineering, Data Science or a closely related field (or foreign equivalent)
10+ years of account and transactional fraud management/ fraud strategy experience
2+ years of experience managing fraud on the issuer side with focus on card fraud management
2+ years of Banking or similar experience in managing transactional fraud for ACH, RDC, merchant card transactions, P2P
Experience in banking/ lending account origination, KYC and ATO
Strong experience in Fraud strategy and Fraud solutions
Strong BI and analytics skills and knowledge of tools such as SQL/Athena
Experience with BI/data visualization tools (like Tableau or Excel)
Experience in managing rules and model deployments and improvements
Experience in Lean/Agile product development
Product management experience is a strong plus
Data science experience is a strong plus

Responsibilities

Define, develop and own fraud strategy for Varo
Plan, develop, and optimize fraud strategies that drive reduction in ACH, RDC, Card, ATO, P2P fraud
Plan, develop, and optimize fraud strategies that drive increase in automation, reduce manual reviews and customer complaints
Contribute to and promote the Product direction and strategic roadmap for fraud product
Build Dashboards, define KPIs and success criteria; track, monitor and improve performance of rules and models
Create and maintain fraud strategy documentation, including rule and model documentation
Engage internal and external partners/clients to fully understand the customer and stakeholder needs
Work with payment, design, content, care, operations and other stakeholders on fraud strategy changes and to create the best in class experience
Support compliance and fraud management related initiatives including auditing of documentation, risk analysis, and other product due diligence initiatives
Understand and analyze industry trends, fraud and regulatory developments and competitive landscape
Manage a team of fraud analysts, rule analysts and monitoring analysts

Desired Qualifications

STEM Master's degree is a plus

Varo is an entirely new kind of bank. All digital, mission-driven, FDIC insured and designed for the way our customers live their lives. A bank for all of us.

What you’ll be doing

Define, develop and own fraud strategy for Varo
Plan, develop, and optimize fraud strategies that drive reduction in ACH, RDC, Card, ATO, P2P fraud
Plan, develop, and optimize fraud strategies that drive increase in automation, reduce manual reviews and customer complaints
Contribute to and promote the Product direction and strategic roadmap for fraud product
Build Dashboards, define KPIs and success criteria; track, monitor and improve performance of rules and models
Create and maintain fraud strategy documentation, including rule and model documentation
Engage internal and external partners/clients to fully understand the customer and stakeholder needs
Work with payment, design, content, care, operations and other stakeholders on fraud strategy changes and to create the best in class experience
Support compliance and fraud management related initiatives including auditing of documentation, risk analysis, and other product due diligence initiatives
Understand and analyze industry trends, fraud and regulatory developments and competitive landscape
Manage a team of fraud analysts, rule analysts and monitoring analysts

You’ll bring the following required skills and experiences

BA/BS in Science, Engineering, Data Science or a closely related field (or foreign equivalent)
STEM Master’s degree is a plus
10+ years of account and transactional fraud management/ fraud strategy experience
2+ years of experience managing fraud on the issuer side with focus on card fraud management
2+ years of Banking or similar experience in managing transactional fraud for ACH, RDC, merchant card transactions, P2P
Experience in banking/ lending account origination, KYC and ATO
Strong experience in Fraud strategy and Fraud solutions
Strong BI and analytics skills and knowledge of tools such as SQL/Athena
Experience with BI/data visualization tools (like Tableau or Excel)
Experience in managing rules and model deployments and improvements
Experience in Lean/Agile product development
Product management experience is a strong plus
Data science experience is a strong plus

For cash compensation, we set standard ranges for all US-based roles based on function, level, and geographic location, benchmarked against similar-stage growth companies. Per applicable law, the salary range for this role is $120,000 - $180,000. Final offer amounts are determined by multiple factors as well as candidate experience and expertise and may vary from the identified range.

#Director

We recognize not everyone will have all of these requirements. If you meet most of the criteria above and you’re excited about the opportunity and willing to learn, we’d love to hear from you.

About Varo

Varo launched in 2017 with the vision to bring the best of fintech into the regulated banking system. We’re a new kind of bank – all digital, mission-driven, FDIC-insured, and designed around the modern American consumer.

As the first consumer fintech to be granted a national bank charter in 2020, we make financial inclusion and opportunity for all a reality by empowering everyone with the products, insights, and support they need to get ahead. Through our core product offerings and suite of customer-first features, we aim to address a broad range of consumer needs while profitably serving underserved communities that have been historically excluded from the traditional financial system.

We are growing quickly in our hub locations of San Francisco, Salt Lake City, and Charlotte along with colleagues located across the country. We have been recognized among Fast Company’s Most Innovative Companies, Forbes’ Fintech 50, and earned the No. 7 spot on Inc. 5000’s list of fastest-growing companies across the country.

Varo. A bank for all of us.

Our Core Values

- Customers First

- Take Ownership

- Respect

- Stay Curious

- Make it Better

Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

Learn more about Varo by following us:

Facebook - https://www.facebook.com/varomoney

Instagram - www.instagram.com/varobank

LinkedIn - https://www.linkedin.com/company/varobank

Twitter - https://twitter.com/varobank

Engineering Blog - https://medium.com/engineering-varo

SoundCloud - https://soundcloud.com/varobank

Beware of fraudulent job postings!

Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo. If you suspect you have received a phony offer, please e-mail [email protected] with the pertinent information and contact information.

CCPA Notice at Collection for California Employees and Applicants: https://www.varomoney.com/privacy-legal/

Varo

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Website

View Company Profile

Varo Bank, an all-digital, FDIC-insured institution, merges the expertise of banking veterans with tech specialists to provide premium banking services, including high-yield savings, automatic saving tools, and early access to paychecks. The company's commitment to customer-centric innovation is evident in its unique offerings such as Varo Advance, providing quick access to cash, and Varo Believe, a program designed to help customers build credit. With one of the highest savings rates in the country and a strong emphasis on a fee-free banking experience, Varo has successfully positioned itself as a leader in the digital banking industry.

Company Stage

Series E

Total Funding

$996.3M

Headquarters

San Francisco, California

Founded

2015

Growth & Insights

Headcount

6 month growth

↓ -2%

1 year growth

↓ -5%

2 year growth

↓ -8%

INACTIVE