Lead of Risk Strategy

About the role

This role focuses on defining and executing fraud risk management initiatives for Binance, a major global blockchain ecosystem. The Lead of Risk Strategy will be responsible for enhancing detection capabilities for various fraud types, such as account takeovers and credit card fraud, and for supporting new product launches with appropriate risk controls. Success in this position means effectively mitigating fraud risks while enabling business growth and maintaining compliance.

A key part of the role involves continuous improvement of risk strategy governance, working closely with engineering teams to optimize detection and prevention systems. The Lead will also monitor critical risk KPIs, manage risk strategy quality, and optimize cost efficiency, including vendor management. Collaboration with Compliance teams is essential to ensure risk controls align with regulatory expectations and support transaction screening and monitoring requirements.

The Lead of Risk Strategy will also manage a team, driving organizational changes and fostering an agile culture to meet evolving risk challenges. This includes identifying areas for process improvement to enhance efficiency and scalability. The role encourages leveraging advanced technologies like AI and LLMs to automate and improve risk detection workflows, piloting new tools to align with business objectives and regulatory standards.

The annual salary for this position ranges from $75,000 to $125,000.

Skills that matter here

• risk management: This role requires extensive experience in defining and implementing strategies to mitigate various types of fraud risk across a large platform.
• fraud prevention: The position involves enhancing detection scopes for specific fraud areas like ATO and credit card fraud, and developing strategies to prevent emerging scam patterns.
• compliance: The role necessitates strong knowledge of compliance requirements, collaborating with compliance teams, and ensuring risk controls align with regulatory expectations.
• project management: This position involves managing complex projects, such as optimizing transaction screening and monitoring, and supporting compliance requirements through innovation.
• leadership: The Lead will manage a risk strategy team, drive organizational changes, foster an agile culture, and enhance team efficiency and scalability.
• 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

• Someone with at least five years of experience in risk management or fraud prevention, particularly within the fintech, financial services, or crypto sectors.
• An individual who can demonstrate a history of developing and implementing risk strategies that have led to measurable savings and operational improvements.
• A leader capable of driving organizational change, fostering high-performing teams, and collaborating effectively with cross-functional groups like engineering and product.
• A data-driven professional who is comfortable leveraging advanced technologies like AI and LLMs to enhance risk detection and prevention.

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).