Vice President, Risk Mitigation Solutions

Velera is the nation’s premier payments credit union service organization (CUSO) and an integrated fintech solutions provider. The company serves more than 4,000 financial institutions throughout North America, operating with velocity to help our clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Our purpose: We accelerate partners’ success through innovative financial technology solutions and inspired service.

The Vice President (VP) of Risk Mitigation Solutions will spearhead the development and execution of a strategic new business line dedicated to comprehensive fraud prevention within credit unions and community banks. This position is ideal for an innovative and visionary leader with extensive experience in financial services, consulting, technology, and thought leadership. The VP will collaborate closely with internal teams and external partners to deliver state-of-the-art fraud prevention products and services to our clients, ensuring exceptional service delivery and unwavering regulatory compliance. This role will significantly influence financial institutions’ risk management practices, underwriting strategies for fraud prevention, digital engagement authentication, and ongoing consumer validation throughout the client relationship lifecycle. The department’s primary focus is on fraud mitigation, identity verification, and implementation of robust risk controls aimed at minimizing fraud losses across various lines of business within financial institutions.

• Business Development: Build and launch a new fraud prevention division, including strategy formulation, market analysis, client management, new sales and resource planning.

• Partnership Management: Establish and manage relationships with partner entities, ensuring seamless integration and delivery of fraud prevention solutions to clients.

• Leadership & Team Building: Recruit, mentor, and lead a high-performing team of fraud prevention professionals, fostering a culture of innovation and excellence.

• Consulting & Thought Leadership: Serve as a subject matter expert on fraud prevention, providing consulting services to clients and representing the institution at industry events, forums, and conferences.

• Technology Integration: Drive the adoption and integration of advanced fraud prevention technologies, leveraging data analytics, artificial intelligence, and digital platforms.

• Regulatory Compliance: Ensure all fraud prevention initiatives meet regulatory obligations, industry standards, and best practices, with a particular focus on credit unions and community banks.

• Consumer Service Excellence: Develop and implement programs that prioritize client needs, deliver superior service, and maintain high levels of client satisfaction

Qualifications:

• Minimum of 10 years’ experience in fraud prevention, risk management, or related roles within financial services.

• Proven track record building and scaling new business lines or product offerings.

• Minimum of 10 years’ experience working in credit unions, community banks, or similar institutions, with a strong understanding of regulatory frameworks and compliance requirements.

• Ten (10) or more years of demonstrated effective management experience

Education:

• Bachelor’s degree in Business, Finance, Information Technology, or a related field; advanced degree preferred.

• CFE certification preferred.

About Velera

At Velera we are committed to fostering a workplace where every employee feels valued, respected, and connected. We understand, attract and engage a diverse workforce where every employee can live up to their full potential; ensuring that our employee base reflects the consumers we serve. The result of this effort is an inclusive environment where diverse talent thrives. We strive to foster a safe and inclusive work environment for people to bring their authentic selves in order to build a better community within our company and with our partners.   Learn more about our commitment to Diversity, Equity, and Inclusion HERE!

Pay Equity

Actual Pay will be adjusted based on experience and other job-related factors permitted by law.

Great Work/Life Benefits!

• Competitive wages

• Medical with telemedicine

• Dental and Vision

• Basic and Optional Life Insurance

• Paid Time Off (PTO)

• Maternity, Parental, Family Care

• Community Volunteer Time Off

• 12 Paid Holidays

• Company Paid Disability Insurance

• 401k (with employer match)

• Health Savings Accounts (HSA) with company provided contributions

• Flexible Spending Accounts (FSA)

• Supplemental Insurance

• Mental Health and Well-being: Employee Assistance Program (EAP)

• Tuition Reimbursement

• Wellness program

• Benefits are subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions

Velera is an Equal Opportunity Employer. We consider applicants without regard to race, color, religion, age, national origin, ancestry, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, disability, genetic information, citizenship status, or membership in any other group protected by federal, state or local law.

Velera is an Equal Opportunity Employer that complies with the laws and regulations set forth in the following "EEO is the Law" Poster. Velera will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the legal duty to furnish information.

Velera is an E-Verify Employer. Review the E-Verify Poster here.  For information regarding your Right To Work, please click here.

This role is currently not eligible for sponsorship.

As an ongoing commitment to reasonably accommodate individuals with disabilities please contact a recruiter at [email protected] for assistance.