Fraud Strategy Specialist (Card Issuance)

About the role

You'll join the Fraud Strategy team at Felix — the team responsible for how we detect, decide on, and prevent fraud across every product, payment rail, and country we operate in. We sit at the intersection of Data Science, Product, Operations, and Risk: we turn fraud signals into decisions, design the controls that stop bad actors, and make sure good customers move through with as little friction as possible.

Felix is building a new card issuance program, and with it, a new fraud surface: we'll own authorization decisioning end-to-end and carry direct exposure to card network fraud and dispute monitoring (Visa/Mastercard-style thresholds).

Responsibilities

• Own fraud strategy for the card issuance program end-to-end — from pre-launch risk assessment through steady-state monitoring after go-live.
• Translate our infrastructure partner's area-of-responsibility split into a real decisioning architecture, keep us under network fraud and dispute thresholds from day one, and design the authorization strategy using the full toolkit — step-up authentication, velocity controls, holds, product-level friction — not rules as the default answer.
• Build the cardholder fraud lifecycle: onboarding risk, first-card-use monitoring, BIN- and portfolio-level pattern detection.
• Partner with Product and Engineering to embed controls into the card issuance and wallet funding/spend flow directly, instead of bolting rules on after the product ships.
• Own card dispute and chargeback strategy (network reason codes, representment approach) in partnership with Fraud Operations.
• Be the fraud voice in ongoing vendor conversations — our current issuing infrastructure partner and any future ones — keeping the requirements doc current as the program evolves.
• Build the playbook, not just the launch — so the next card product or market expansion plugs in without renegotiating fraud ownership from scratch.

Requirements

• 4–7+ years in fraud/risk strategy, with direct, hands-on experience in card authorization decisioning — issuer, acquirer, program manager, or processor side.
• Working knowledge of card network mechanics: authorization/clearing/settlement flow, 3DS/SCA, network fraud-monitoring programs (Visa VAMP or equivalent, Mastercard excessive chargeback programs), and dispute reason codes.
• Experience working with or evaluating BaaS / program-manager card issuing vendors (Stripe Issuing, Marqeta, Galileo, or similar), including fraud AoR/RACI negotiation.
• Advanced SQL — hard requirement, not a nice-to-have. This person needs to independently query and size risk, not route it to an analyst.
• Demonstrated bias toward product and action-based fraud controls (step-up auth, holds, dynamic friction) over rules as the default fix.
• Comfortable building in ambiguity on a 0-to-1 program — translating vendor documentation, legal, and compliance input into an actual operating model.
• Strong cross-functional communication; this role sits at the intersection of Fraud, Product, Compliance, and an external vendor.
• Advanced English.
• Prior experience specifically with card issuing at a fintech or program manager (rather than acquiring-side or card-not-present e-commerce fraud only) (Nice to have).
• Familiarity with stablecoin-backed card programs or general crypto experience (Nice to have).
• Spanish or Portuguese, given the LATAM corridor focus (Nice to have).
• Background in cross-border remittance or LATAM-market fraud (Nice to have).
• Experience negotiating or managing a BIN sponsor / issuing bank relationship (Nice to have).