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Fraud Operations Manager

About Us

We are reinventing consumer credit. We wildly reduce the cost of capital by using technology to easily tap into people’s assets. Our first product is the world's cheapest credit card – backed by home equity. Using many patented technologies, we sped up a process that usually takes 4-6 weeks and thousands of dollars down to as fast as 15 minutes and $0 to get.

Who are we?

We are a well-capitalized (over $250MM in equity funding) team of technology (Square, Microsoft, Facebook) and finance (Discover, CapitalOne, and Goldman) executives with top-tier investors -- Founders Fund, Khosla Ventures, Max Levchin, NYCA, Sequoia, SciFi VC, Caffeinated Capital, etc.

Our team includes people who have built:

  • Financial products (Square/CashApp, the earliest CapitalOne credit cards)

  • Consumer products (Internet.org, Xbox)

  • Technology infrastructure (Visual Studio, Windows & Azure, helped design C++ & C# languages)

We are missionaries who like to work hard on important problems - and build products that become an infrastructure for society. We believe that using technology to lower the cost of capital for consumers is one of these problems - and if we can do it, it could have an infinite impact on people’s lives

Job description

We’re looking for an operations manager to run our fraud operations, preventing identity theft fraud for HELOCs, mortgages, while managing credit card fraud. You will be working with engineering, compliance, and product. You are hands-on, data driven, and a systems thinker. The Aven operations team is disciplined, efficient, and tenacious. We value resilience, hard work, and execution. You will be working with other operations managers, reporting to a senior operations manager.

Responsibilities

  • Ensure identity theft and credit card fraud risk are mitigated, using systems, and processes.

  • Building new systems with engineering to augment our industry leading fraud system.

  • Manage the fraud operations team, ensuring efficiency and quality.

  • Work closely with engineers and data scientists to deliver system and product  improvement

Qualification

  • Proven experience in cycles of fraud attacks, early detection, prevention, across financial sectors.

  • Structured communication and problem-solving skills.

  • Depth in data driven decision making, proficiency in excel, with some background in SQL.

  • Bachelor's Degree - preferably in finance, economics, or engineering, or similar.

  • Certified Fraud Examiner (CFE) is preferred.

"Aven is a proud Equal Opportunity Employer. Aven does not discriminate against candidates or employees because of their sex, race, gender identity, disability, age, sexual orientation, religion, national origin, veteran status or any other protected status under the law.”

Average salary estimate

$100000 / YEARLY (est.)
min
max
$80000K
$120000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Fraud Operations Manager, Aven

Welcome to Aven! We're on an exciting mission to reinvent consumer credit, and right now, we're looking for a Fraud Operations Manager to join our team in Campbell. In this hands-on role, you’ll play a vital part in preventing identity theft and credit card fraud for home equity lines of credit (HELOCs) and mortgages. Picture yourself collaborating with our talented engineering, compliance, and product teams to actively manage and enhance our fraud operations. At Aven, we pride ourselves on being disciplined, efficient, and tenacious, always ready to tackle challenges head-on. You’ll oversee the fraud operations team, ensuring our systems and processes not only mitigate risks but also continuously improve with the help of our cutting-edge technology. Your analytical mindset and data-driven approach will be key in refining our industry-leading fraud system. To thrive in this role, you should have a solid background in detecting and preventing fraud across financial sectors, along with strong communication and problem-solving skills. If you hold a Bachelor's degree in finance, economics, or engineering and preferably a Certified Fraud Examiner (CFE) certification, we want to hear from you. At Aven, your work will make a real difference in people's lives, and together, we can build an infrastructure that positively impacts society. If you're ready for this rewarding opportunity, join us and be part of our transformative journey!

Frequently Asked Questions (FAQs) for Fraud Operations Manager Role at Aven
What does a Fraud Operations Manager do at Aven?

As a Fraud Operations Manager at Aven, you'll be responsible for leading efforts to prevent identity theft and credit card fraud, specifically for HELOCs and mortgages. This role involves collaborating with engineering, compliance, and product teams to refine our fraud detection systems and manage the fraud operations team, ensuring quality and efficiency in our processes.

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What qualifications do I need to apply for the Fraud Operations Manager position at Aven?

To qualify for the Fraud Operations Manager position at Aven, candidates should have proven experience with fraud detection and prevention in financial sectors, strong analytical skills, and a background in structured communication. A Bachelor's degree in finance, economics, engineering, or a related field is preferred, along with a Certified Fraud Examiner (CFE) certification.

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What skills are important for a Fraud Operations Manager at Aven?

Key skills for a Fraud Operations Manager at Aven include data-driven decision-making, proficiency in Excel and some familiarity with SQL, effective communication skills, and solid problem-solving abilities to tackle fraud-related challenges decisively.

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What can I expect from the work culture at Aven as a Fraud Operations Manager?

At Aven, you can expect a work culture that values resilience, hard work, and execution. As a Fraud Operations Manager, you'll join a dynamic and disciplined team that collaborates closely to ensure top-notch fraud prevention and operational efficiency.

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How does Aven use technology to combat fraud?

Aven leverages innovative technology to enhance our fraud systems and quickly address challenges. As a Fraud Operations Manager, you will play a crucial role in developing tech-driven solutions to mitigate identity theft and credit card fraud, ensuring a safe and reliable experience for our customers.

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Where is the Fraud Operations Manager position located?

The Fraud Operations Manager position at Aven is located in Campbell, allowing you to work in a vibrant environment while contributing to our mission of reinventing consumer credit and lowering capital costs for consumers.

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What are the growth opportunities for a Fraud Operations Manager at Aven?

At Aven, there are significant growth opportunities for a Fraud Operations Manager, including advancing in your career within the operations team and collaborating closely with other operational leaders to drive impactful changes in fraud management.

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Common Interview Questions for Fraud Operations Manager
Can you describe your experience with fraud detection in financial sectors?

When answering this question, detail specific instances where you've detected and prevented fraud, highlighting the methods and technologies you used. Emphasize your analytical approach and any quantifiable results from your efforts.

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How would you approach building new systems to enhance fraud operations?

Discuss your methodology for assessing current systems, gathering team input, and analyzing data to identify gaps that new systems should address. Showcase your collaborative attitude towards working with engineers and data scientists to innovate.

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What strategies do you use for risk mitigation in fraud operations?

Be prepared to discuss specific risk mitigation strategies you've employed in the past, focusing on data analysis, early detection techniques, and how you communicate these strategies to your team.

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What role does data play in your decision-making process?

Explain how you rely on data to inform your decisions, citing examples of data analysis you’ve conducted in previous roles. Highlight your ability to derive actionable insights from that data to enhance fraud operations.

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How do you manage and lead a team effectively?

Discuss your leadership style and provide examples of how you foster communication, accountability, and teamwork within your fraud operations team, ultimately leading to better performance and morale.

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What tools and technologies are you familiar with for fraud detection?

List specific tools and software you've worked with, explaining how you've utilized them to detect fraud. Be ready to discuss any direct experiences you have with emerging technologies in fraud prevention.

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Can you provide an example of a complex fraud scenario you handled?

Share a specific example where you successfully navigated a challenging fraud case, outlining the steps you took—research, teamwork, investigation—and what the outcome was, emphasizing your problem-solving abilities.

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How do you stay updated on industry trends and fraud threats?

Talk about your commitment to continuous learning. Mention any professional journals, conferences, or networks you engage with regularly to stay informed about the latest developments in fraud prevention.

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How would you measure the success of fraud operations?

Identify key performance indicators (KPIs) that you believe are crucial for measuring fraud operation success, such as fraud loss rate, detection speed, and team efficiency. Discuss how you'd track these metrics.

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What would your first 30 days look like in the role of Fraud Operations Manager?

Outline an initial action plan that includes understanding team dynamics, reviewing existing systems and processes, and identifying immediate areas for improvement. Emphasize your focus on building relationships and establishing a strategic roadmap.

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Inventing new ways to save people money.

10 jobs
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BADGES
Badge Rapid Growth
CULTURE VALUES
Customer-Centric
Rapid Growth
Fast-Paced
Social Impact Driven
Growth & Learning
Collaboration over Competition
BENEFITS & PERKS
Maternity Leave
Paternity Leave
WFH Reimbursements
Flex-Friendly
Family Coverage (Insurance)
Medical Insurance
Dental Insurance
Vision Insurance
Health Savings Account (HSA)
Equity
Paid Time-Off
Paid Sick Days
Paid Holidays
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
November 28, 2024

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