Plootonians are obsessed with communicating their ideas through the written word (No PowerPoints allowed) so our JDs probably look a little different from what you’d expect!

82% of small businesses fail due to poor management of cash flow. Our vision is to enable the advancement of Small and Medium-sized Businesses (SMBs) by developing the tools & insights they need to maximize their cash flow. Over 8,500 businesses and their finance teams trust Plooto to automate their financial processes so they can focus on reaching their true potential.

The potential of fraud scales with our growth as a leading player in the B2B Payments Space. As the VP of Risk, you will be responsible for the development and execution of a comprehensive Risk Management strategy, focusing first and foremost on B2B Payment Fraud.

We'll look to you for a state-of-the-art anti-fraud blueprint that leverages innovative ideas and solutions across people, processes and technology. You will partner with Engineering to build or leverage 3rd party tools that enhance our transaction monitoring and alerts and risk scoring capabilities that help prevent and catch fraud; you will be proactive about protecting from and communicating fraud and scam scenarios that could impact Plooto and its partners. For that, you would rely on both our internal data and external sources (trends in the sector, peers etc.)

You will also lead the current team and build on the current processes and further streamline them to create efficiencies; this covers day-to-day operations (e.g. detection, investigations and dealing with daily alerts and monitoring), liaising with finance when it comes to tasks like payment tracking and recovery efforts.

The B2B payments space is complex, risk-heavy, and ever-evolving. This highly entrepreneurial role will be an opportunity for you to make an early and long-lasting impact, leveraging resources currently in place and building on past successes. Such an impact will set you up for future growth at Plooto, in tandem with the fast scaling of our business. The role will allow you to define and drive Plooto's Fraud Risk Management strategy and processes, end-to-end and at scale and begin building foundations in Risk beyond Fraud.

We're a meritocracy, so you'll find that our decisions are based on facts, not dispositions. We are also process and data-driven, so you need to be, too. You'll drive insights, set KPI targets and OKRs, and own the weekly reports your team creates to communicate progress, gaps, and next steps.

As someone who has seen a plethora of fraud scenarios in B2B payments, you have developed exceptional grit and a track record of building lasting mechanisms to prevent and deal with fraud at scale.

You are a business risk expert familiar with the KYC Process and digital payments across rails (EFT, ACH, Credit Cards, Checks etc.), especially in a B2B SaaS context.

You are exceptionally analytical and rely on risk metrics to make decisions, assess results and deliver your reporting. As you build your team, you are also comfortable digging deep into transaction monitoring rules to further improve them.

In fact, you've built and executed risk operating plans and built and led high-performing teams who owned Fraud Analytics (e.g. Risk Scoring, Transaction Monitoring and Alerts), Fraud Operations (e.g. Detection and Investigation) and Fraud Recovery Efforts.

You have researched, implemented and stayed on top of the latest technologies that risk teams rely on to counter fraud. In fact, you worked as a Subject Matter Expert with Engineers, Business Intelligence Analysts and Data Scientists to build internal tools or leverage 3rd party tools that help prevent Fraud, including sophisticated risk-scoring models.

You stay on top of the latest fraud trends in B2B payments and can predict and proactively build mechanisms that aim to stop fraud attempts affecting Plooto and its partners. You are familiar with the latest trends such as FedNow in the US and Real-time Rail (RTR) in Canada and their impact on Fraud and Risk.

You manage stakeholders very well, leveraging written and verbal communication. You take documentation seriously as you build lasting scalable mechanisms.

Even though you may not be an expert, you have had some exposure to other risk topics within the payment world such as AML and Regulatory Compliance.

You are a risk leader who can rely on a network of peers to gain insights and hire for tomorrow.

If you are looking to make a professional impact, look no further. Plooto is currently in hyper-growth mode, looking to 10x our customer base. Plooto is dramatically changing the payments space in North America. We have delivered an unrivalled product experience to fulfill a growing need in the SMB space. The biggest reason why SMBs close their doors is due to poor management of finances and cash flow. Plooto solves that problem! We have an extremely strong product-market fit with a massive opportunity ahead of us. We’re backed by an experienced and diverse group of FinTech veterans. You will have the opportunity to make history and change the course of this sector for many years to come. Join Plooto and be a part of making history.