Fraud Strategy Analyst

July 30

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Varo Bank

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We're on a mission to bring financial inclusion and opportunity to all.

Mobile Banking • User Interface • Financial Services • Risk Management • Design Research

501 - 1000

Description

• Responsible for designing unique analytic approaches to detect, assess, and mitigate fraud risk • Help analyze the effectiveness of fraud policy and rules • Analyze large amounts of account and transaction data to develop and improve processes and models • Manage the customer experience • Develop new data driven rules that optimize decisioning performance between Member experience and fraud prevention • Work with external fraud prevention vendors to optimize performance and assist in maintaining, designing, and implementing fraud detection tools • Aggregate and analyze internal and external risk datasets • Find insights from risk data sets to improve fraud strategies and rules • Participate in regular review of activities involving different fraud topologies • Lead fraud/risk investigations for simple and complex cases • Complete investigation of customers and transactions flagged by automated monitoring systems • Define, implement and manage rule rationalization and governance process • Review work of other analysts and provide guidance and support

Requirements

• 3-5 years of fraud or risk experience focused on the risk strategy and risk analytics; experience working at a FinTech or start-up is a plus • 3+ years of experience in SQL queries, Tableau (and other BI tools), and day-to-day use of R/Python is a plus • Strong knowledge of financial products, including ACH, RDC, debit cards, credit cards, lending products, and deposit accounts • Knowledge of fraud management systems such as Falcon, RSM, JackHenry, Iovation, Threat metrics, Verafin, Feedzai etc • Deep understanding of the financial fraud space • Experience creating and optimizing fraud prevention rules and strategies • Knowledge of a scripting programming language such as Python • Strong BI and analytics skills and knowledge of tools such as SQL/Athena Rule rationalization and governance • Coaching and mentoring other analysts