Lead Fraud Risk Data Analyst Job at Varo Money, Remote

a1Z5amhlNHBNbkR2RFBqTFVBNWtiUFFXMGc9PQ==
  • Varo Money
  • Remote

Job Description

This senior role of fraud analytics is responsible for designing unique analytic approaches to detect, assess, and mitigate fraud risk. You will help analyze the effectiveness of our day-to-day fraud policy and rules in our fraud systems. You will analyze large amounts of account and transaction data to build actionable insights to derive the methods to identify fraud risk, reduce friction and enhance experience on money movement. This role requires critical thinking and analytical savviness to work in a fast-paced environment but can be a rewarding opportunity to help bring a secured banking experience.

What you'll be doing
  • Develop new data driven rules that optimize decisioning performance between member experience and fraud prevention.
  • Develop data insights and rules to help understand customers’ banking behavior and preferences to drive first party fraud controls and strategy for payment and lending.
  • Develop personalized segmentations and micro-segmentation to identify customers based on their fraud risk, banking behaviorals, and value.
  • Work with external fraud prevention vendors to optimize their performance and assist in maintaining, design and implementation of existing and new fraud detection tools
  • Aggregate and analyze internal and external risk datasets to understand performance of fraud decisioning and granular performance of multiple decision methods
  • Find insights from risk data sets to improve fraud strategies and rules
  • Participate in regular review of activities involving different fraud topologies
  • Able to lead fraud/risk investigations for both simple and complex cases to successful conclusions and mark false positives and false negative cases
  • Complete investigation of customers and transactions flagged by the Bank's automated monitoring system(s), manual reports, and/or referrals
  • Define, implement, and manage rule rationalization and governance process
You'll bring the following required skills and experiences
  • 10+ years of fraud or risk experience focused on the risk strategy and risk analytics in financial services, insurance, and healthcare industries. FinTech or start-up experience is a plus. First party fraud risk management experience is a plus.
  • 8+ years of data analytics experience with hands-on SQL and python coding is a plus 
  • 3+ years of experience in Tableau (and other BI tools).
  • 3+ years of experience analyzing data with statistical approaches with python (e.g. in Jupyter notebook): for example, clustering analysis, decision trees, linear regression, logistic regression, correlation analysis.
  • 1+ years of hands-on use of AWS (e.g. S3, EC2, EMR, Athena, SageMaker and more) is a plus.
  • Strong knowledge of financial products, including fraud management in lending products, ACH, RDC, P2P, and deposit accounts. 
  • Knowledge of fraud management systems such as Sentilink, iOvation, Lexisnexis, etc
  • Deep understanding of the financial fraud space
  • Experience creating and optimizing fraud prevention rules and strategies
  • Coaching and mentoring other analysts
  • Cross-functional stakeholder management, working with engineers, product, operations, and data science

Job Tags

Remote job, Full time,

Similar Jobs

YMCA of Central Texas

Dance Instructor Job at YMCA of Central Texas

 ...The Hutto Family YMCAis seeking an experienced and motivated individual to join our team of professionals as a Dance Instructor . The Dance Instructor will be responsible for teaching dance to children. Applicant must have knowledge of a variety of dance styles including... 

Turner Staffing Group

Mine Engineer Job at Turner Staffing Group

 ...Job Details The Short Range Mining Engineer is responsible for developing and maintaining rolling mine plans spanning from monthly to a 12-month-plus horizon, with a focus on operational accuracy, geotechnical soundness, and production efficiency. Operating within... 

Pacific Seafood

HR Intern Job at Pacific Seafood

Pacific Seafood offers a unique, 13-week internship program that gives interns the chance to make an immediate impact on our company. Starting...  ...best and always striving to do better. Summary: The HR Intern will support projects aimed at improving HR efficiency and... 

Oldcastle APG

Graphic Designer (Packaging) Job at Oldcastle APG

Graphic Designer (Packaging) Location Atlanta, GA (Buckhead area) : APG Headquarters Job ID: 511161 Oldcastle APG, a CRH Company, is North America's leading provider of innovative outdoor living solutions that enable customers to Live Well Outside. The manufacturer's... 

Tri-County Human Services

Peer Specialist - Hospital Bridge Job at Tri-County Human Services

Position DescriptionThe Peer Specialist will provide direct input, from a consumers perspective, regarding the transformation of community...  ...dignity, respect, and shown sensitivity to their cultural diversity.Primary Duties and Responsibilities#Attends and...