Remote Lead Fraud Risk Data Analyst

Description:

• Varo is a digital, mission-driven bank that is FDIC insured and designed for modern customer needs.
• The Lead Fraud Risk Data Analyst will design unique analytic approaches to detect, assess, and mitigate fraud risk.
• This role involves analyzing the effectiveness of day-to-day fraud policies and rules in fraud systems.
• The analyst will analyze large amounts of account and transaction data to derive actionable insights for identifying fraud risk, reducing friction, and enhancing the customer experience in money movement.
• Responsibilities include developing new data-driven rules, insights into customer banking behavior, personalized segmentations for fraud risk, and working with external fraud prevention vendors.
• The analyst will aggregate and analyze internal and external risk datasets, find insights to improve fraud strategies, and participate in regular reviews of fraud activities.
• The role requires leading fraud/risk investigations, completing investigations of flagged customers and transactions, and managing rule rationalization and governance processes.
• The analyst will also manage responsibilities for 1-2 junior analysts, assisting with prioritization and reviewing their work.

Requirements:

• Candidates must have 10+ years of fraud or risk experience focused on risk strategy and analytics in financial services, insurance, or healthcare, with FinTech or start-up experience being a plus.
• A minimum of 8 years of data analytics experience with hands-on SQL and Python coding is preferred.
• Candidates should have at least 3 years of experience in Tableau or other BI tools.
• A minimum of 2 years of experience analyzing data with statistical approaches using Python is required.
• Candidates should have at least 1 year of hands-on experience with AWS services.
• Strong knowledge of financial products such as ACH, RDC, debit cards, credit cards, P2P, lending products, and deposit accounts is necessary.
• Knowledge of fraud management systems like Falcon, RSM, and Verafin is required.
• A deep understanding of the financial fraud space and experience in creating and optimizing fraud prevention rules is essential.
• Candidates should have experience in coaching and mentoring other analysts and managing cross-functional stakeholder relationships.

Benefits:

• The salary range for this position is $140,000 - $200,000, with final offers determined by multiple factors including candidate experience.
• This role is eligible for a bonus, equity, and competitive benefits.
• Varo is committed to diversity and inclusion, providing equal employment opportunities to all applicants.
• The company emphasizes a supportive work environment that empowers employees to grow and learn.