Lead Product Manager, Fraud Risk

Current

New York (NY)

On-site

USD 185,000 - 250,000

Full time

5 days ago

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Benefits offered by this job

Competitive salary

Equity in stock options

401(k) plan

Discretionary bonus program

Biannual performance reviews

Medical/Dental/Vision premiums covered

Flexible time off

Parental leave

Commuter benefits

Fitness benefits

FSAs

Employee assistance programs

Mental health support

Team building & catered lunches

Job summary

Current is a leading consumer fintech platform based in NYC, serving over 6 million members. We seek a Lead Product Manager to build a dedicated first-line Fraud Risk capability, owning discovery, architecture, and end-to-end roadmap for onboarding controls, detection, and limits.

You will work closely with Payments, Core Processing, Engineering, Data Science, Compliance, and Customer Service to protect members and the business while enabling Current to grow.

Qualifications

8+ years of Product Management in fraud risk or trust & safety.
Hands-on understanding of fraud risk systems and decisioning.
Experience with KYC/CIP onboarding flows and identity verification.
Ability to shape ambiguous problems into roadmaps and deliver production launches.
Ability to partner with engineering on system architecture for fraud tooling.
Strong analytical fluency for data-driven risk decisions.

Responsibilities

Define and drive roadmap for first-line fraud risk capabilities, from scratch.
Own product strategy for onboarding risk controls, monitoring, and access.
Lead design of detection, prevention, and resolution capabilities with signals.
Own end-to-end delivery from specs to production rollout.
Set and adjust transaction limits and controls across rails.
Debug and root-cause production issues with logs and data pipelines.
Evaluate and integrate third-party fraud vendors and AI tooling.
Leverage AI workflows to automate risk operations and summaries.
Partner with Compliance/Legal to meet regulatory obligations without hampering UX.

Skills

PM experience in fraud risk

System architecture understanding

KYC/CIP onboarding

0-to-1 product discovery

Collaboration with engineering

Analytical data-driven decisioning

Tools

Fraud tooling systems

Rules engines

Signal ingestion pipelines

Job description

LEAD PRODUCT MANAGER, FRAUD RISK

Current is a leading consumer fintech platform transforming financial access for everyday Americans with over 6 million members. We provide access to financial solutions that seamlessly work together to solve the needs of our members and enable all Americans to build better financial futures. Based in NYC, our results-driven environment drives us to build better products, grow faster and empower everyone on our team to have an impact on our business and mission to improve financial outcomes.

About The Role

Current is hiring a leader to build a dedicated first-line Fraud Risk capability. Today, key risk decisions, from onboarding controls to fraud detection to transaction limits, are made within the Payments team. As the Lead PM in charge of Fraud Risk, you will think through the discovery, architecture, and roadmap of these systems end-to-end.

Success in this role depends on genuine fluency in how fraud risk systems work mechanically: rules engines, device and behavioral signals, case management, model-based decisioning — not just familiarity with fraud strategy at a high level.

You’ll work day-to-day alongside PMs on Payments and Core Processing, since fraud risk decisions touch the same rails, ledgers, and money‑movement systems they own. You’ll also partner closely with Engineering, Data Science, Compliance/Legal, and Customer Service leadership to build a fraud risk function that protects members and the business while enabling Current to grow.

Responsibilities

You will define and drive the roadmap for Current’s first-line fraud risk capabilities, starting largely from scratch and shaping discovery into a sequenced, prioritized plan.
You will own product strategy for KYC and account‑related risk controls — onboarding, ongoing monitoring, and account access — balancing member experience against fraud while ensuring compliance.
You will lead the design and evolution of fraud detection, prevention, and resolution capabilities, including how signals (device, behavioral, network, transactional) feed into decisioning, e.g., specifying exactly how a new account velocity rule should evaluate, what data it pulls, and what action it triggers.
You will own delivery end-to‑end, from detailed spec through engineering build, QA, staged rollout, and production launch.
You will own transaction limits, rules, and controls across products and rails, including how they’re set, tested, and adjusted over time.
You will, alongside engineers, debug and root‑cause production issues, e.g., a rule misfiring or a spike in false declines, by tracing the issue through logs, data pipelines, and system flows.
You will lead the evaluation, integration, and ongoing optimization of third‑party fraud risk vendors and modern AI/agentic tooling, ensuring Current gets full value from these tools while building proprietary capability when it matters.
Leverage and architect AI workflows and autonomous agents to automate risk operations, investigation summaries, and fraud role discovery.
You will partner with Compliance/Legal to ensure fraud risk product decisions meet regulatory obligations (BSA/AML, CIP) without over-indexing on compliance at the expense of a workable member experience.

About You

You have spent your career in fraud risk, and you understand these systems from the inside, not just fraud strategy, but how the systems are actually built and operated: rules engines, signal ingestion, model scoring, case management, and the trade‑offs between friction and loss. You are comfortable with ambiguity and energized by 0-to-1 work, and are excited about tackling problems from scratch, rather than optimizing an already‑mature system. You embrace modern AI tools and agentic workflows to accelerate product discovery, streamline workflows, and automate manual tasks. You can go deep with engineers on implementation details and just as easily frame trade‑offs for executives and cross‑functional partners who don’t share your fraud background.

Requirements

8+ years of Product Management experience in fraud risk, or trust & safety, ideally within a high‑growth fintech or a fraud risk vendor environment.
Deep, hands‑on understanding of how fraud risk systems are architected and operated, including rules engines, device/behavioral signals, transaction monitoring, case management, and model‑based decisioning.
Direct experience with KYC/CIP onboarding flows and identity verification systems, and a working understanding of the regulatory context (BSA/AML) that shapes them, even if not compliance‑facing.
Track record of leading discovery and shaping ambiguous, 0-to-1 problem spaces into a sequenced roadmap, and owning delivery through full production launch, including rollout planning, post‑launch monitoring, and iteration.
Experience partnering with engineering on system architecture decisions for fraud risk tooling — build vs. buy, vendor integration design, workflow tooling.
Strong analytical fluency — comfortable using data to diagnose fraud patterns, evaluate control performance, and make loss/friction trade‑offs.

This role has a base salary range of $185,000 - $250,000. Compensation is determined based on experience, skill level, and qualifications, which are assessed during the interview process. Current offers a competitive total rewards package which includes base salary, equity, and comprehensive benefits.

Benefits