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Sr. Risk Manager, Modeling and Solutions

Dave Inc.
United States, United StatesRemotefull_timeVerifiedPosted 15 Feb 2024

About the role

Dave is one of the leading US neobanks and a pioneer in financial services, using disruptive technology to provide best in class banking services to millions of members at a fraction of the cost compared to incumbents. The anchor of our banking value proposition, ExtraCash, provides up to $500 of short term, interest free advances to members within minutes of joining. The speed to value, access and pricing of ExtraCash compared to traditional overdraft sets us apart from incumbents and is a key to our strategy to efficiently acquire transacting Dave debit card members.
As the Sr. Risk Manager, Modeling and Solutions, you will develop, manage, and monitor our risk rules and models. You will use your strong analytical skills and experience with fraud, risk, and financial crime trends to help our risk teams prevent fraud and protect customers from malicious actors. Your ability to identify trends and translate data into actionable insights will be critical to our success. You will work closely with our development, operations, and data analytics teams to drive and improve new strategies.

Key Responsibilities

  • Manage Dave's internal risk AML and fraud engines, payments, and card fraud prevention systems, including rule deployment, optimization, and reporting.
  • Proactively monitor current services and environments to ensure optimal performance while ensuring no network impacts.
  • Continually assess the current and future state of surveillance platforms, policies, and procedures.
  • Address and resolve logic and configuration in monitoring scenarios.
  • Deliver banking insights to our support, fraud, and risk ops teams.
  • Work cross-functionally and collaborate with all levels of management internally and externally to build mutually beneficial outcomes.
  • Work with key stakeholders to define specifications for the transaction monitoring models.
  • Design and develop operating policies and procedures in alignment with product growth and/or enhancements.
  • Oversee regulatory complaint reporting and trend analysis to meet our bank requirements.
  • Lead and manage multiple concurrent initiatives and adapt as necessary in an innovative, deadline-driven, and dynamic environment.

Requirements

  • 6+ years experience in Anti-Money Laundering (AML), Financial Crimes, and/or Fraud.
  • Strong understanding of SQL, quantitative modeling concepts, financial instruments, and risk assessment methodologies.
  • Structured, analytical thinker who can distill complex issues into structured frameworks and concrete plans.
  • Demonstrated strategic, analytical, and problem-solving experience.
  • Strong organization, prioritization, and project management skills.
  • Ability to develop, review, and negotiate complex contracts and familiarity with standard deal structures, including financial and tiered pricing structures.
  • Bachelor's Degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
Don’t let imposter syndrome get in your way of an incredible opportunity. We’re looking for people who can help us achieve our mission and vision, not just check off the boxes. If you’re excited about this role, we encourage you to apply. You may just be the right candidate for this or other roles.
Why you’ll love working here: At Dave, our people are just as important as our product. Our culture is a reflection of our values that guide who we are, how we work, and what we aspire to be. Daves are member centric, helpful, transparent, persistent, and better together. We strive to create an environment where all Daves feel valued, heard, and empowered to do their best work. As a virtual first company, team members can live and work anywhere in the United States, with the exception of Hawaii. 
A few of our benefits & perks:• Opportunity to tackle tough challenges, learn and grow from fellow top talent, and help millions of people reach their personal financial goals• Flexible hours and virtual first work culture with a home office stipend• Premium Medical, Dental, and Vision Insurance plans• Generous paid parental and caregiver leave• 401(k) savings plan with matching contributions• Financial advisor and financial wellness support• Flexible PTO and generous company holidays, including Juneteenth and Winter Break• All-company in-person events once or twice a year and virtual events throughout to connect with your team members and leadership team
Dave Operating LLC is proud to be an Equal Employment Opportunity employer and is dedicated to cultivating a diverse and inclusive workplace. We will consider for employment all qualified applicants and do not discriminate on any basis protected by federal, state, or local law, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance relating to an applicant's criminal history.
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Company

Dave Inc.

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