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 externalStay abreast of industry trends, emerging risks, and the advent of preventative toolsDevelop and maintain fraud risk assessments, including periodic updates to identify potential gaps in controls and recommend enhancementsEnsure appropriate Key Risk Indicators are developed and maintained; identify and clearly articulate gaps to executives, and track recommendations to completionCollaborate with Fraud Strategy, Fraud Operations, and Account Originations teams to incorporate emerging threats into our acquisition and account management strategiesReport to executive management and the Board of Directors on the effectiveness of our fraud capabilities in the first line of defenseInteract as necessary with our regulatorsTrack and monitor fraud issue remediations using GRC tools and report status updates to managementRequired skills and experience
7+ years of experience in fraud risk management including both business and oversight roles; in payment, fintech, or other innovative financial institutionsA strong understanding of second-line frameworks related to fraud governanceExpertise in analyzing data to inform preventative measuresA strong sense of accountability and the ability to work collaboratively across multiple departmentsAbility to influence others including executive managementAbility to prioritize workflows, ensure deadlines are met, and facilitate open communication
