Avant · 4 days ago
Director, Fraud Strategy
Greater Chicago Area
Full-time
Hybrid
Senior Level, Lead/Staff
$200K/yr - $250K/yr
10+ years expAvant is seeking a Head of Fraud to lead their enterprise fraud strategy. The role involves managing fraud loss budgets, developing fraud technology, and collaborating with various departments to enhance fraud detection and prevention efforts.
Consumer LendingFinanceFinancial ServicesFinTechLending
Responsibilities
Own the enterprise fraud strategy across card, loan, and banking products, spanning the full customer lifecycle from account acquisition through ongoing account management and card authorization
Define and manage the fraud loss budget, balancing risk, customer experience, and business growth
Anticipate and proactively address emerging fraud threats, industry trends, and regulatory changes, continuously evolving Avant’s fraud framework
Lead and develop a team of fraud analytics professionals responsible for risk-based authentication strategies, card authorization rules, and other quantitative controls
Lead and develop a team of fraud investigators responsible for complex case investigations, account reviews, and high-quality fraud tagging
Work closely with Engineering and Product to design, prioritize, and implement fraud technology solutions and controls within Avant’s platforms and tools
Partner with Compliance and Legal to ensure fraud policies, procedures, and controls align with regulatory expectations and internal governance
Engage with networks, vendors, and data providers to enhance Avant’s fraud detection capabilities and stay ahead of emerging attack vectors
Monitor KRIs, dashboards, and reporting to track fraud losses, attack trends, operational performance, and control effectiveness
Communicate fraud trends, key risks, and performance to executive leadership and, as needed, to Board-level stakeholders
Qualification
Required
Bachelor's degree with 10+ years of experience in fraud risk management within financial services, fintech, or payments, with significant exposure to card, loan, and/or banking products
5+ years of experience leading high-performing fraud analytics and/or fraud operations teams, including people leadership at the director level or above
Deep understanding of card fraud, identity fraud, account takeover, and KYC/AML considerations, and their impact on P&L
Proven track record managing a fraud loss budget and optimizing the trade-offs between fraud losses, operational expense, and customer experience
Strong analytical and quantitative skills; comfortable diving into data, setting metrics, and making decisions based on evidence
Excellent communication and stakeholder management skills, with the ability to influence at the executive level
Benefits
Choice of great Medical, Dental, and Vision Insurance Plan options
401(k) match
Flexible Time Off
Flexible Work Environment - (i.e. Mon/Tues/Thurs in-person)
Generous Paid Parental Leave, Adoption Assistance and Post-parental leave ramp-up program
Lunch Allowance (Fooda) and In-office Snacks
Summer Fridays
Fun In-Office and Virtual Social Events
And who doesn’t love the swag
Company
Avant
Avant is an online lending platform that offers alternatives to its clients with safe financial products.
201-500 employees
H1B Sponsorship
Avant has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (21)
2024 (23)
2023 (38)
2022 (46)
2021 (28)
2020 (21)
Funding
Current Stage
Late StageTotal Funding
$2.08BKey Investors
Ares ManagementWebBankPamlico Capital
2022-12-07Private Equity
2022-12-07Debt Financing· $250M
2022-07-14Debt Financing· $250M
Leadership Team
Matt Bochenek
CEO
Charles Whittaker
Chief Product Officer
Recent News
2025-12-17
2025-12-05
2025-11-04
Company data provided by crunchbase