Lead of Risk Strategy

About the role

This role focuses on defining and executing fraud risk management initiatives across Binance's platform. The Lead of Risk Strategy will be responsible for enhancing detection capabilities for various risk areas, including account takeovers and credit card fraud, and for supporting new product launches with appropriate risk controls. Success in this position means effectively protecting users and assets while enabling business growth through robust and efficient risk strategies.

The position requires close collaboration with engineering teams to improve risk detection and prevention systems, as well as with compliance teams to ensure all risk controls meet regulatory standards. The individual will also monitor key performance indicators related to risk, manage vendor costs, and optimize the efficiency of risk strategy management. This involves leveraging advanced technologies like AI and LLMs to automate and enhance workflows.

As a leader, this role involves managing the risk strategy team, driving organizational changes, and fostering an agile environment to address evolving risk challenges. The Lead will identify areas for process improvement and implement changes to enhance team efficiency and scalability, ensuring the team can meet high-pressure demands and support the company's growth.

The annual salary for this position is listed between $75,000 and $125,000 USD.

Skills that matter here

• risk management: This role requires extensive experience in risk management, specifically in defining and implementing strategies to mitigate fraud risks.
• fraud prevention: A core responsibility is to enhance detection scopes for key fraud areas like ATO and credit card fraud, and to develop strategies to prevent emerging scam patterns.
• compliance requirements: The role involves ensuring risk controls align with regulatory expectations and supporting compliance teams with transaction screening and monitoring.
• project management: The Lead will manage complex projects, including initiatives for transaction screening optimization and the implementation of new risk tools.
• leadership: This position requires demonstrated leadership to drive organizational change, manage a team, and foster a culture of agility and responsiveness.
• AI/ML applications in risk management: Proficiency in data-driven decision making and familiarity with AI/ML is highly desirable for automating and enhancing risk detection and prevention workflows.

Who this role suits

• A person with a strong background (5+ years) in risk management or fraud prevention within the fintech, financial services, or crypto sectors.
• Someone who can demonstrate a history of developing and executing risk strategies that have led to measurable savings and operational improvements.
• An individual capable of managing cross-functional projects and collaborating effectively with engineering, compliance, and product teams.
• A leader who can drive organizational change, build high-performing teams, and operate effectively in a fast-paced, results-driven environment.

From the employer

Responsibilities:

• Define and implement comprehensive risk strategies to mitigate fraud risks across the platform and user base.
• Enhance detection scopes for key risk areas such as ATO, credit card fraud, and emerging scam patterns.
• Support new business initiatives and product launches with tailored risk strategies and controls.
• Continuously improve risk strategy governance in partnership with engineering teams to optimize risk detection and prevention.
• Monitor and report on critical risk KPIs, to maximize the protection and minimizing the loss.
• Oversee risk strategy management and ensure the quality and stability.
• Optimize risk cost efficiency, such as vendor cost management and risk strategy management efficiency.
• Provide full support to transaction screening and monitoring and other Compliance requirements through project management and innovation.
• Lead strategy initiatives for transaction screening and monitoring optimization, reducing rule complexity while maintaining compliance effectiveness.
• Collaborate closely with Compliance teams to explore and support new business scenarios, ensuring risk controls align with regulatory expectations.
• Lead and manage the risk strategy team, driving organizational changes and management approaches to support business growth.
• Foster a culture of agility and responsiveness within the team to meet evolving risk challenges and high-pressure demands.
• Identify areas for improvement in team structure and processes, implementing changes to enhance efficiency and scalability.
• Leverage advanced technologies, including AI and LLMs, to automate and enhance risk detection and prevention workflows.
• Pilot and scale new risk tools and methodologies, ensuring alignment with business objectives and regulatory standards.

Requirements:

• Extensive experience (5+ years) in risk management, fraud prevention, or related strategic roles within fintech, financial services, or technology sectors, particularly in crypto industry.
• Proven track record in developing and executing risk strategies that deliver measurable risk savings and operational improvements.
• Strong knowledge of fraud detection techniques and compliance requirements.
• Experience managing complex projects and collaborating with cross-functional teams including Compliance, Data Science, Engineering, and Product.
• Demonstrated leadership skills with the ability to drive organizational change and foster high-performing teams.
• Proficiency in data-driven decision making and familiarity with AI/ML applications in risk management is highly desirable.
• Excellent communication, stakeholder management, and problem-solving skills.

Additional:

• Shape the future with the world’s leading blockchain ecosystem.
• Collaborate with world-class talent in a user-centric global organization with a flat structure.
• Tackle unique, fast-paced projects with autonomy in an innovative environment.
• Thrive in a results-driven workplace with opportunities for career growth and continuous learning.
• Competitive salary and company benefits.
• Work-from-home arrangement (the arrangement may vary depending on the work nature of the business team).