Staff, Fraud Risk Strategy

This is a fully remote position, open to applicants in Canada.

📋 Description

• Take charge of the fraud strategy and implementation for application, transaction, and account takeover fraud related to Wealthsimple's card offerings.

• Oversee the budget allocated for card fraud losses as transaction volumes increase.

• Protect against fraud threats that could lead to a substantial rise in the budget.

• Create, backtest, deploy, and refine detection rules.

• Establish decision thresholds based on machine learning risk scores.

• Balance the fraud losses averted with operational costs and client experience.

• Collaborate with Product and Engineering teams to develop safeguards that prevent fraud while ensuring legitimate clients are not hindered.

• Provide guidance to data scientists and analytics developers within the team.

• Mentor junior colleagues in strategy, rule development, and problem-solving techniques.

• Lead by example and influence others through expertise without having direct reports.

⛳️ Requirements

• A minimum of 6 years' experience in fraud prevention.

• At least 3 years of direct involvement with card fraud (prepaid or credit) at an issuer, fintech, or payments platform.

• Direct ownership of the card fraud strategy encompassing application, transaction, and account takeover fraud.

• Proficiency in SQL with the capability to construct complex queries against transaction-level data.

• Proven history of developing, backtesting, implementing, and fine-tuning fraud detection rules.

• Ability to articulate the impacts of precision, catch rate, and approval rate.

• Experience in quantifying fraud savings in relation to operational and client experience costs.

• Familiarity with using AI tools in everyday tasks.

• Capacity to influence Product, Engineering, credit risk, operations, and external vendors without direct authority.

• Strong communication skills with both technical and non-technical audiences, including senior leadership.

• Knowledge of Visa and Mastercard network regulations, dispute procedures, and chargeback processes is a plus.

• Must have legal eligibility to work in Canada.

🏝️ Benefits

• Comprehensive health benefits and life insurance coverage.

• Long-term group savings plan with employer matching through Wealthsimple for Business.

• 20 vacation days annually.

• 4 wellness days each year.

• Unlimited sick and mental health days per year*

• Opportunity to work outside Canada for up to 90 days annually*

• Participation in employee resource groups such as Rainbow (2SLGBTQ), Women of WS, and Black at WS.

• Collaboration with skilled colleagues across North America.

• Access to AI tools and innovative work methodologies.

• An inclusive hiring process with interview accommodations available.

• AI Notetaker for interview recording and transcription, with the option to opt-out without affecting candidacy.