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Dakota

Global USD business banking with DeFi

Fraud Operations Lead

Financial Crime & AMLPosted on Nov 11
Full-time

About the Job

Requirements

  • Five to eight years of experience in fraud operations, risk operations, or fraud investigations at a fintech, payment services provider, card issuer, program manager, processor, or bank.
  • Experience maintaining fraud policy and controls, including writing or updating procedures, setting thresholds, and documenting decisions for leadership or audit.
  • Experience working directly with bank partners on fraud and dispute reporting, oversight requests, and examination or audit support.
  • Hands-on experience running manual review operations, managing queues, making case decisions, and meeting service-level agreements.
  • Knowledge of card fraud fundamentals, including authorization signals, card testing, and account takeover.
  • Experience configuring and tuning rules in a transaction monitoring or fraud platform, not just working its queue.
  • Comfort using data and AI tools to analyze alert and case history, identify patterns, and improve rules and alerts.

Responsibilities

  • Maintain and improve anti-fraud policy, controls, and thresholds, and produce fraud metrics for leadership.
  • Run daily fraud operations by triaging, investigating, and deciding on alerts and cases across cards, ACH, wire, and stablecoin transfers, and lead post-mortems when fraud gets through.
  • Serve as the primary contact for fraud escalations from banking and processing partners and internal teams, including customer support.
  • Own card disputes and chargebacks after handoff from customer support, including provisional credit, representment, network deadlines, and Regulation E timelines.
  • Prepare fraud and dispute reporting for bank partners and respond to their oversight requests.
  • Design scalable fraud management processes using AI tools to reduce manual work.
  • Tune anti-fraud rules as fraud patterns evolve; identify emerging patterns before they generate alerts or losses, measure rule performance against false-positive rates and alert-to-case conversion, and partner with Compliance and Engineering to implement changes.
  • Help shape the fraud operations roadmap and tooling decisions, including what to configure, build, or buy.

Desired Qualifications

  • Experience resolving and reporting on disputes and chargebacks, including Regulation E timelines and Visa and Mastercard operating rules.
  • Crypto or stablecoin exposure, including experience with blockchain analytics tools such as TRM or Chainalysis.

About the Company

Dakota

Global USD business banking with DeFi

Dakota helps businesses access US dollars globally. It is a business banking platform that lets companies hold and move USD quickly through channels like ACH, Fedwire, SWIFT, and SEPA, so they can operate across borders. Deposits are backed by US Treasuries, which gives clients security and control over their funds. The service runs on a subscription model with a free tier and a Pro plan at $250 per month that adds features and support. Clients can earn up to 4% rewards on balances, with higher returns possible through risk-adjusted DeFi lending. The goal is to provide a reliable, flexible banking experience without annual fees or setup costs, while offering security and transparency. Dakota aims to stand out by using stablecoins backed by US Treasuries, by enabling DeFi lending options, and by planning to add corporate credit cards to broaden its financial services, supported by notable investors.

Company size
11-50
Company stage
Series A
Total funding
$12.5M
Headquarters
Boulder, CO
Founded
2023

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