Director of Fraud

Company: Aeropay
Location: Chicago
Posted on: February 16, 2026

Job Description:

Job Description Job Description Last reviewed: 2/3/26 Reports to: Chief Risk & Compliance Officer FLSA Status: Exempt About Us: Aeropay is a financial technology company modernizing money movement with pay by bank solutions. Headquartered in Chicago and backed by leading investors, Aeropay enables businesses to accept compliant, cashless payments through direct bank-to-bank (ACH) transfers, eliminating card fees and outdated payment rails. Powering online checkouts, in-store transactions and embedded payments, Aeropay’s flexible APIs and integrations are built on a secure and scalable infrastructure with compliance at the core. In industries where risk mitigation and user experience matter most, our platform gives our partners a faster, safer and more intuitive way to pay. Aeropay is redefining what it means to pay—and get paid—by bank. Position Overview: The Director of Fraud is a member of the Risk & Compliance leadership team at Aeropay. This role is responsible for developing, implementing and managing Aeropay’s risk management strategies to protect our assets, uphold our reputation and ensure sustainable growth. This primarily includes ownership of the anti-fraud program, including identification, monitoring and investigation of potential fraud. This role entails continuously identifying and controlling fraud risks to drive the Aeropay fraud program forward. In addition, this role will play a key role in establishing risk policies and fostering a culture of risk awareness throughout the organization. The ideal candidate will possess a unique combination of traditional banking risk management — ideally at a partner/sponsor bank or ACH payments company — in addition to expertise in FinTech innovation. Key Responsibilities: Strategic Leadership: Lead and mentor a team of risk management professionals, promoting their development and ensuring high-performance standards Develop and execute a comprehensive anti-financial crime management strategy aligned with the organization’s goals and objectives Collaborate with senior leadership and various departments including Risk & Compliance, Revenue, Finance and Business Operations to integrate risk management practices into strategic planning Leverage prior experience and research to be recognized as a thought leader in payments fraud and AML monitoring Risk Assessment: Identify, analyze and prioritize risk mitigation across the organization, including reputational, financial, operational, fraud, strategic and compliance risks Complete onboarding reviews as needed Conduct regular assessments and audits to identify potential risks and develop mitigation strategies Procedure & Process Development: Create and maintain risk management procedures, frameworks and controls that define industry standards, comply with regulatory requirements and clearly outline expectations for the fraud team and relevant partners Ensure requirements are communicated effectively throughout the organization and that staff are trained on risk management practices Monitoring & Reporting: Implement systems for continuous monitoring of risk factors and effectiveness of risk management strategies, including timeliness of reviews Prepare and present regular risk reports to the executive team and board of directors, highlighting key risks and mitigation efforts Qualifications: Bachelor’s degree in Finance, Business Administration, Risk Management or a related field 10 years of experience in risk management, with at least 3 years of experience in a leadership role within FinTech and/or traditional banking In-depth knowledge of Fraud & AML frameworks and regulations, especially suspicious activity monitoring Proven track record in developing and implementing risk management strategies that drive organizational success Exceptional communication and interpersonal skills Working Location, Compensation & Benefits: This role is expected to be in office at Aeropay’s Chicago HQ a minimum of three days per week prior to 4/6/26 and then Monday through Thursday following 4/6/26 Salary Range: $140K - $170K base salary (DOE) Benefits Offered: Medical, Dental & Vision Coverage Flexible PTO 401(k) Employer Match Maternity/Paternity Leave NOTE: This job description is not intended to be all-inclusive. Employees may perform other related duties as negotiated to meet the ongoing needs of the organization. Aeropay is an equal opportunity employer and is committed to providing a workplace free from harassment and discrimination. We celebrate the unique differences of our employees because that is what drives curiosity, innovation and the overall success of our business. We do not discriminate on the basis of race, religion, national origin, gender, sexual orientation, gender identity or expression, age, marital status, veteran status, disability status, parental status, genetic history, political affiliation or any other status protected by the laws or regulations in the locations in which we operate.

Keywords: Aeropay, Palatine , Director of Fraud, Accounting, Auditing , Chicago, Illinois