[Hiring] Risk Prevention Analyst @Velera

Role Description

The Risk Prevention Analyst is responsible for providing operational risk assessments leveraging fraud mitigation tools, focusing on analysis, design, and artificial intelligence (AI) technology associated with fraud mitigation strategies.

• Develop and implement fraud strategies leveraging transaction data (credit/debit cards), machine learning models, and advanced analytics tools to mitigate fraud losses and maintain superior customer experience.
• Manage and optimize existing strategies effectively controlling risks due to first party and third-party fraud.
• Coordinate the Risk Analytics team's tasks and ensure adherence to established turnaround times and SLAs.
• Maintain awareness of member client fraud trends and suggest internal procedure changes to Risk Analytics Manager.
• Supervise department workflow to ensure time-sensitive functions meet department standards.
• Maintain productive relationships with all internal stakeholders including Fraud Operations, Risk Management, Product, Retail, Finance, and external vendors.
• Advise internal contacts on sensitive issues and recommend client procedures and new product developments.
• Create and deliver BI reporting for senior leadership, boards, and examiners.
• Work closely with a designated client list to ensure efficient and effective fraud mitigation.
• Use advanced business, analytical, and technical knowledge to participate in discussions with cross-functional teams.
• Translate recommendations into communication materials for peer review and management.
• Identify and gather relevant and quality data sources for recommended strategies.
• Integrate/transforms disparate data sources and resolve appropriate data hygiene techniques.
• Consult external clients and internal staff on fraud detection and prevention matters.
• Identify risk exposure associated with fraud trends and determine if mitigation measures are necessary.
• Monitor and analyze portfolio performance on an ongoing basis.
• Leverage knowledge of fraud prevention tools to consult with clients on their fraud and risk goals.
• Collaborate with other internal teams to serve as client advocate for fraud and risk items.
• Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled.
• Responsible for reporting risks identified to the appropriate team and/or management.
• Manage, monitor, and report risks within your work area's scope, including Information Security risks.
• Regular and reliable attendance is required; some on-call work is required.
• This position may require early/late hours and availability during weekends.
• Bring innovative thinking to solve problems and make recommendations.
• Functional knowledge of common fraud patterns with curiosity to seek out anomalies.
• The ability to prioritize and make quick decisions under tight deadlines.
• Remain current with industry and client fraud trends.
• Perform other duties as assigned.

Qualifications

• Bachelor’s degree in Business, Statistics, Mathematics, Computer Science, Engineering, or Economics or related field or combination of education and experience required.
• Five (5) years within the financial service industry required.
• Three (3) years professional experience in risk analytics, mitigating risk and/or fraud services required.
• Payments processing system knowledge preferred.
• Experience with Fraud Detection Work Center and/or FDR system experience required.
• Strong analytical and problem-solving skills.
• Deep experience working with fraud detection strategies, rules tuning, and fraud modeling.
• Strong proficiency with SQL; ability to analyze large, complex datasets.
• Experience with fraud orchestration and decisioning tools preferred.
• Strong understanding of fraud metrics, forecasting methods, and false positive/true fraud tradeoffs.
• Excellent problem-solving skills with the ability to synthesize complex data into actionable insights.
• Strong communication skills – ability to communicate technical subject matter clearly.
• Project management experience preferred.

Benefits

• Competitive wages
• Medical with telemedicine
• Dental and Vision
• Basic and Optional Life Insurance
• Paid Time Off (PTO)
• Maternity, Parental, Family Care
• Community Volunteer Time Off
• 12 Paid Holidays
• Company Paid Disability Insurance
• 401k (with employer match)
• Health Savings Accounts (HSA) with company provided contributions
• Flexible Spending Accounts (FSA)
• Supplemental Insurance
• Mental Health and Well-being: Employee Assistance Program (EAP)
• Tuition Reimbursement
• Wellness program