Varo Money
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2 months ago
Varo’s Financial Crimes Risk Management Team is composed of forward-thinking, creative, and enthusiastic individuals, who are constantly striving to safeguard the financial sector, our customers, and Varo from misuse. We are looking for a new colleague to join the Financial Crimes Risk Management Team as the leader for Fraud Oversight. This position is responsible for developing an oversight and effective challenge framework, in the second line of defense and partnering with first-line personnel on monitoring and assessing Varo’s fraud strategy, both internal and external.
What you’ll be doing
- Provide oversight on the fraud prevention activities utilized by the business to manage fraud, both internal and external
- Stay abreast of industry trends, emerging risks, and the advent of preventative tools
- Develop and maintain fraud risk assessments, including periodic updates to identify potential gaps in controls and recommend enhancements
- Ensure appropriate Key Risk Indicators are developed and maintained; identify and clearly articulate gaps to executives, and track recommendations to completion
- Collaborate with Fraud Strategy, Fraud Operations, and Account Originations teams to incorporate emerging threats into our acquisition and account management strategies
- Report to executive management and the Board of Directors on the effectiveness of our fraud capabilities in the first line of defense
- Interact as necessary with our regulators
- Track and monitor fraud issue remediations using GRC tools and report status updates to management
Required skills and experience
- 7+ years of experience in fraud risk management including both business and oversight roles; in payment, fintech, or other innovative financial institutions
- A strong understanding of second-line frameworks related to fraud governance
- Expertise in analyzing data to inform preventative measures
- A strong sense of accountability and the ability to work collaboratively across multiple departments
- Ability to influence others including executive management
- Ability to prioritize workflows, ensure deadlines are met, and facilitate open communication