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Relay Financial

Online banking platform for small businesses

Risk Strategist

Risk ManagementConfirmed live in the last 24 hours
Full-timeToronto, ON, CanadaCA$112.5k - CA$137.5k /yrHybrid

About the Job

Requirements

  • At least 2 years of experience in fraud, risk strategy, or data analysis, preferably in fintech, banking, or payments.
  • Proficiency in SQL, including joins, aggregations, window functions, and subqueries, and the ability to write efficient queries with minimal supervision.
  • Ability to analyze trends and use data to develop fraud rules.
  • Ability to own projects from problem definition and data analysis through solution delivery.
  • Ability to translate complex insights into actionable recommendations for technical and non-technical stakeholders.
  • Ability to collaborate across Risk Operations, Customer Experience, Product, Engineering, and Data.
  • Understanding of how risk decisions affect downstream outcomes.
  • Active use of AI tools and interest in advancing their use.

Responsibilities

  • Own the design and optimization of rules and strategies that balance fraud prevention, operational efficiency, and customer experience.
  • Analyze onboarding, account, and transaction data to identify emerging fraud patterns, vulnerabilities, and growth opportunities.
  • Develop, test, and tune fraud rules across onboarding, payments, and account usage to protect customers and reduce false positives.
  • Backtest rule changes to assess effects on fraud rates, customer experience, and operational workload.
  • Collaborate with Product and Engineering to embed fraud controls in new features and products.
  • Partner with Risk Operations to ensure risk decisions are actionable, efficient, and scalable.
  • Implement automation, fraud tools, and external data sources to strengthen the risk engine.
  • Monitor performance after deployment and iterate on rules and strategies for ongoing optimization.
  • Translate insights into clear recommendations for technical and non-technical stakeholders and align risk decisions with business objectives.

Desired Qualifications

  • Credit risk experience, including portfolio analysis, decisioning logic, or underwriting models.
  • Proficiency in Python for advanced analysis or automation.
  • Experience in a startup or scale-up environment.

About the Company

Relay Financial

Online banking platform for small businesses

RelayFi offers an online banking platform for small businesses that consolidates ACH transfers, wires, checks, and payouts from PayPal, Stripe, and Square into one interface to track cash flow. It automates income tracking, expense management, and bookkeeping, saving time for owners. RelayFi partners with Thread Bank to hold deposits with FDIC insurance up to $3,000,000 via a deposit sweep, and offers APYs of 1.00%–3.00%. The service runs on a subscription model, earning revenue from fees and potential partner arrangements, with the goal of simplifying business banking and helping small businesses focus on growth.

Company size
201-500
Company stage
Growth Equity (Venture Capital)
Total funding
$101.6M
Headquarters
Toronto, Canada
Founded
2018

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