Senior Fraud and Credit Risk Analyst

The Senior Fraud Analyst will deliver the overall fraud management framework including all detection and management strategies, systems, analysis & reporting.

Key responsibilities include:

Fraud Strategy - In-life

  • Develop fraud detection and management strategies to protect and mitigate fraud loss by analysing large data sets, fraud databases and intelligence
  • Work with other members of the credit risk team and business to ensure an effective “feedback loop” from learnings in-life to inform fraud prevention analysis
  • Assist in the research of statistical techniques (machine learning, neural networks, etc) and industry best practice to ensure optimal fraud model design
  • Work with operational teams (New Business, Contact Centre, Complaints, Asset Management) to ensure strategies are effectively delivered within an operational context
  • Input into the development of all new product, process and system redesigns to ensure that fraud is appropriately considered
  • Ensure that all activities and duties are carried out in full compliance with regulatory requirements, internal risk policies and Group guidance.
  • Work with Credit Policy & Governance team to develop policy that adequately supports fraud, detection and management objectives
  • Work with the Credit Policy & Governance teams, and 1st / 2nd line of defence teams to ensure that fraud strategies, processes and procedures are being adhered to.
  • Identify current and future transactional fraud threats and use this insight to incrementally improve the fraud framework over time and respond to immediate material fraud incidents
  • Chair the monthly Fraud Working Group with representatives from across the business to ensure effective understanding and controls of fraud losses
  • Manage external relationships with fraud bodies e.g. CIFAS and contribute to industry discussions on fraud

Fraud Data & Systems

  • Assist in the design, implement and management all fraud systems and policies across all products
  • Extract, collate and structure fraud data to support the development of fraud mitigation strategies

Fraud Reporting:

  • Use analytics to identify fraud trends, networks and produce fraud MI
  • Ensure fraud intelligence from internal and external sources is tracked and appropriate action taken
  • Assist in providing meaningful insight into fraud losses and reporting.
  • Deliver Fraud reporting in line with regulatory and industry requirements

The Person:

  • Fraud Analytics experience with a good understanding of fraud prevention, detection and management processes
  • Experience within consumer finance or similar industry
  • Strong technical skills with coding experience in either SAS or SQL (or equivalent)
  • In-depth analytical skills with the ability to digest and interpret complex concepts
  • Knowledge of the regulatory environment (preferred).
  • Good communication skills with the ability to communicate to multiple and varied audiences (technical and non-technical)
  • Excellent stakeholder management
  • Some line management experience (preferred)

Please note, should you not receive feedback 28 days, unfortunately your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.