Director of Fraud and Risk Products

Nuvei
Summary
Join Nuvei, a Canadian fintech company, as the Director of Fraud and Risk Products. You will establish and execute fraud risk product strategies for merchants and core platforms, covering ACH, card acquiring, and various APMs. Collaborate with engineering, product, commercial, and merchant teams to develop and deploy fraud solutions. Drive the delivery of advanced fraud detection capabilities and implement machine learning models and GenAI applications. Partner with credit risk, underwriting, monitoring, and compliance teams to ensure product alignment. Stay updated on fraud trends and provide subject matter expertise. Define and monitor key risk indicators and drive process improvements. This role requires strong leadership, collaboration, and a deep understanding of the payments ecosystem and fraud prevention.
Requirements
- 8+ years of experience in product management or risk product leadership, focusing on fraud prevention in payments
- Strong data science/machine learning background with hands-on experience in fraud modeling and large-scale analytics
- Experience implementing advanced ML models and Generative AI solutions for fraud detection
- Deep understanding of payments ecosystem and fraud vectors across card, ACH, and alternative methods
- Familiarity with modern fraud tech stacks: rule engines, real-time scoring, device fingerprinting, behavioral analytics
- Proven ability to define product strategy and execute complex initiatives full lifecycle
- Deep knowledge of payments ecosystem and relevant regulations (AML, PSD, NACHA, PCI-DSS)
- Excellent communication skills to influence cross-functional stakeholders and leadership
- Strategic mindset with track record of anticipating fraud challenges and crafting long-term roadmaps
Responsibilities
- Develop and execute a comprehensive fraud & risk product strategy covering ACH, card acquiring, and APMs; balancing loss reduction, user experience, and compliance
- Collaborate with engineering, product, commercial, and merchant teams to ensure seamless development and deployment of fraud solutions
- Drive end-to-end delivery of advanced fraud detection capabilities, champion product enhancements, and pilot new features that enhance fraud detection and user experience
- Implement and refine rules engines, real-time scoring systems, and risk analytics platforms across multiple payment channels
- Lead development and deployment of ML models and pilot GenAI applications for internal optimization and external use cases. Ensure appropriate governance and control over deployed solutions
- Partner with credit risk, underwriting, monitoring, and compliance teams to ensure product alignment with risk appetite and policies
- Stay updated on fraud trends, real-time payments, and APMs, adapting the roadmap to emerging threats. Provide subject matter expertise to commercial teams and engage with key partners and merchants to present on our risk products and services
- Serve as a subject matter expert on fraud & risk detection, deliver training and share best practices across teams
- Define and monitor KRIs, track performance metrics, and drive process and control improvements
Benefits
- Medical, Dental, Vision, STD, LTD, Paid time off, 401(k)
- Frequent training programs on new systems and platforms
- Free Virtual yoga, meditation and fitness classes, community involvement, and many social activities
- Group Private Medical Insurance
- Employee recognition program and possibilities for advancement in various fields
- Modern, dynamic and great work environment