Senior Risk Fraud Operations, Lili
$80-100k
+ Stock Options
3+ days a week in office
Banking platform for small businesses
Open for applications
Banking platform for small businesses
101-200 employees
Open for applications
$80-100k
+ Stock Options
3+ days a week in office
101-200 employees
Company mission
To make the financial aspects of business easier to manage and understand.
Role
Who you are
- BA or BS degree; MBA or another advanced graduate degree considered a plus
- 5+ years of experience in an operational risk or investigator role, preferably with a Risk/fraud function within financial services supporting large and growing teams
- Experience with digital banking, payments, and/or payment networks
- Also, familiarity with robust risk related tools, like Socure, Sift, LexisNexis, Emailage, Unit 21, Middesk, Actimize, AuthId, Iovation, SentiLink
- SQL, Snowflake, Tableau and other risk-based analytic reporting tools experience is desired.
- Experience with risk associated with business/commercial accounts are an essential component of the role (LLC, DBA, SCorp, General Partnership)
- Passion for promoting a culture of a Customer First risk-based model within a defined and agile risk appetite
- Ability to multitask, “dive in”, and establish priorities with attention to detail in a fast-changing and fast-moving environment
- Strong knowledge of FinTech space, banking and lending products, and financial industry regulations
- Excellent communication skills both verbal and written, and proven creative and forward thinking problem-solving skills
- Collaborative spirit and relational work style with proven operating success within a diverse team environment
- Positive attitude, enthusiasm, professionalism, and strong work ethic with a high level of personal and professional integrity
- Be available to function within a hybrid office working environment, currently 3 days a week in our fabulous NYC office
What the job involves
- As a core member of the organizatio's Risk/Fraud Operations team, you will have a unique opportunity to learn and apply your previous experience, design and innovate, while conducting detailed data analysis and actively be engaged with building something amazing that directly supports a seamless and frictionless consumer experience while reducing risk exposures to our customers and highly recognized Brand, protecting against Financial Losses, Regulatory Exposures and Brand Reputation concerns
- Review transaction-level reporting and take appropriate account-level action, including conducting detailed research and analysis on linked accounts with similar fraud typologies
- Identify and compile trends and create multi-account linkages allowing for detection model adjustments and operational efficiency gains.
- Support broader Risk Operations group with applicable reviews providing valued insights with an emphasis on proactively managing financial risks, reducing false positives, and quick resolutions. Effectively engage and partner cross functional team members.
- Conduct data assessments, quickly and effectively communicate findings and drive Awareness of fraud/risk trends and provide recommendations regarding the agile risk model And rule changes to include Onboarding models, downstream account transactional reviews
- Drive improved performance on established Fraud/Risk KPI’s; KRI’s supporting achieving desired function objectives in support of the company's broader mission.
- Act as designed POC for resolving customer inquiries related to adverse account actions and assist with appropriate and timely decisions in respect to maintaining relationships and/or parting ways decisions, consistent with the Lili user agreement.
Our take
While competition amongst neobanks for SMBs is heating up, Lili is attempting to one-up the rest by bringing banking services, tax optimization, and accounting into one app. The company predominantly targets sole proprietors and freelancers, who are pushed for time and often lack the resources to effectively manage their financials on top of carrying out their core work.
This laser-focus on freelancers should prove to be a smart move, with the number of freelance workers on the rise. Lili has grown extraordinarily already, and secured major funding to scale its US operations. It continues to solidify its offering, with the release of new accounting capabilities and the recent launch of "Lili AI" that will deliver heightened efficiency and decision-making to the platform.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
12% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
May 2021
$55m
SERIES B
Oct 2020
$15m
SERIES A
Total funding: $83m
Company benefits
- Stock Options
- Health Insurance Benefits
- Vision Insurance
- Dental Insurance
- Retirement Account - 401(k) plan
- Paid Vacation and Sick Time
- Weekly Catered Lunches
Company HQ
SoHo, New York, NY
Leadership
Lilac Bar David
(Co-Founder & CEO)Prior to co-founding Lili, they were the Founder and CEO of Pepper, Israel's first mobile bank. Former EVP Of Business Development and Strategy for Leumi Card.
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