VP, Fraud Prevention & Monitoring

Who We Are

Cross River builds the infrastructure behind the world’s most innovative financial products. Our technology and capital solutions power payments, cards, lending, and digital asset capabilities that move money safely, instantly, and inclusively — trusted by leading fintechs, enterprises, and disruptors across the globe.

Our mission is simple: to build the financial infrastructure that expands access and opportunity for all. Guided by a culture of collaboration, curiosity, and purpose, Cross River has been named one of American Banker’s Best Places to Work in Fintech year after year. Whether you’re designing code, solving regulatory puzzles, or developing strategy, you’ll join a team where innovation and integrity drive everything we do — and where your work helps shape the future of finance.

What We're Looking For

We are seeking a dynamic and experienced Vice President of Fraud Prevention and Monitoring to develop front-line fraud prevention and detection capabilities across the organization. This role is critical to safeguarding our partners, their customers, and our institution from evolving fraud threats while enabling responsible innovation in the fintech ecosystem.

This leader will build, scale, and optimize fraud prevention and monitoring strategies that protect the Bank, its partners, and end customers while minimizing unnecessary customer friction. The role serves as the central point of coordination for fraud prevention and monitoring, including cross-functional alignment, policy and procedure development, technology implementation, and regulatory readiness for fraud-related matters. This is an individual contributor who will primarily leverage the use of technology and closely coordinate with (but not own) activities performed within other departments.

Responsibilities:

Fraud Prevention & Detection Leadership

Own and manage the front-line fraud prevention and monitoring function across all business lines, products, and partner programs

Develop and execute a comprehensive front-line fraud prevention and monitoring strategy aligned with the organization's risk appetite and growth objectives

Oversee real-time monitoring, fraud alert management, escalation processes, and disposition workflows

Lead the design, implementation, and tuning of fraud detection rules, models, and decisioning systems across payment channels (ACH, wires, card networks, RTP, FedNow, etc.) and sensitive internal account activity

Monitor fraud trends, emerging typologies, and threat intelligence to proactively adapt front-line controls

Define and maintain clear escalation protocols to ensure timely routing of complex or high-risk cases to appropriate stakeholders

Design and implement proper information partitions to ensure information is shared appropriately across the organization.

Fraud Platform Administration

Serve as the business owner and administrator of all front-line fraud detection and prevention platforms and tools

Oversee platform configuration, rule management, threshold tuning, and system optimization to maximize detection efficacy and minimize false positives

Manage platform access controls, user provisioning, and role-based permissions across fraud systems

Coordinate platform upgrades, patches, and integrations with Information Technology and Engineering teams

Evaluate new fraud technology solutions in coordination with Enterprise Solutions and Financial Crimes Risk Management teams

Ensure platform performance monitoring, uptime requirements, and incident response protocols are in place

Maintain documentation of platform configurations, rule libraries, and change management logs

Fintech & Partner Program Oversight

Serve as the fraud subject matter expert for partner onboarding, due diligence, and ongoing oversight

Collaborate with partner management teams to establish fraud performance standards, SLAs, and escalation protocols for fintech partners

Evaluate and challenge partner fraud controls, ensuring alignment with bank policies and regulatory expectations

Provide consultative guidance to fintech partners on fraud prevention best practices and industry benchmarks

Coordinate cross-functionally with internal teams and external partners to support aligned fraud risk management practices

Partner closely with Compliance, Operations, Risk Management, Information Security, Product, Engineering, and Legal teams to ensure a unified and holistic approach

Work collaboratively with business development and strategic partnership teams to balance fraud risk with customer experience and revenue growth

Engage with Information Technology and Data Science teams to drive innovation in fraud detection through machine learning, AI, and advanced analytics

Coordinate with payment network partners (Visa, Mastercard, NACHA, The Clearing House, etc.) on dispute resolution, fraud reporting, and network compliance

Fraud Monitoring Management

Design and optimize front-line operational workflows including alert queues, decisioning trees, escalation paths, and response time standards

Establish and track key performance indicators (KPIs), including fraud loss rates, false positive rates, detection rates, escalation volumes, and resolution timelines

Manage the fraud monitoring budget and coordinate resource planning across people, processes, and technology needs

Develop and maintain front-line fraud policies, standard operating procedures, runbooks, and escalation playbooks

Reporting & Governance

Provide regular reporting to senior leadership and Board committees on fraud trends, losses, platform performance, and operational metrics

Participate in risk governance forums and committees as the first-line fraud operations representative

Coordinate with Compliance to support timely and accurate fraud-related regulatory and network reporting, including SAR-related referrals where appropriate

Support audit and examination activities related to fraud monitoring and platform controls

Required Qualifications:

10+ years of progressive experience in fraud monitoring, fraud risk management or financial crimes within banking or financial services

Demonstrated experience working with or within fintech companies, BaaS (Banking-as-a-Service) platforms, sponsor bank environments, or partner banking models

Hands-on experience administering and configuring fraud detection platforms (e.g., NICE Actimize, Featurespace, Sardine, Unit21, Feedzai, or similar)

Deep expertise in payment network operations (Visa, Mastercard, ACH/Nacha, RTP, FedNow, wire transfers) including dispute management, chargeback processes, and network rules

Strong understanding of fraud typologies across multiple channels: card-not-present, account takeover, synthetic identity, authorized push payment fraud, check fraud, and first-party fraud

Proven ability to design and manage escalation frameworks and front-line operational processes at scale

Proven ability to work cross-functionally and build strong partnerships across business units, technology, compliance, and external partners

Strong analytical skills with the ability to translate data into actionable strategies

Knowledge of applicable law, rule and regulation (Reg E, Reg Z, Reg CC, UCC, EFTA, BSA)

Bachelor's degree in Business, Finance, Criminal Justice, or related field

Juris Doctor a plus, but not required

Preferred Qualifications:

Experience at an OCC regulated institution in a sponsor bank capacity

Familiarity with API-based banking, program management, and embedded finance models

Certifications such as CFE (Certified Fraud Examiner), CAMS, or CRCM

Experience implementing or managing machine learning-based fraud detection models

Track record of managing fraud platform migrations, implementations, or major upgrades

Communicate effectively with business, compliance, and technical stakeholders, translati