First Party Fraud Strategy Senior Analyst

Virgin Money; United Kingdom; Remote; GBP 39,000 - 55,000; Full time

Job summary

Join a leading financial institution as a First Party Fraud Strategy Senior Analyst. Contribute to the development of innovative fraud strategies and controls, working closely with different stakeholders to prevent credit abuse and enhance the overall safety for customers. This role offers competitive salary and excellent benefits from day one.

Benefits

38.5 days annual leave including bank holidays

Up to five extra paid well-being days

20 weeks paid family leave

Free private medical cover

Flexible benefits including Cycle to Work

Qualifications

• Experience in developing and implementing fraud prevention strategies.
• Knowledge of first party fraud risk and industry trends.
• Ability to interpret complex data and identify actionable insights.

Responsibilities

• Support development of fraud strategies and controls.
• Conduct root cause analysis on fraud events.
• Develop data-driven controls to detect fraud.

Skills

Analytical skills

Problem-solving skills

Communication skills

Interpersonal skills

Programming languages (SAS, SQL, Python or R)

Job description

First Party Fraud Strategy Senior Analyst

Join to apply for the First Party Fraud Strategy Senior Analyst role at Virgin Money

First Party Fraud Strategy Senior Analyst

Join to apply for the First Party Fraud Strategy Senior Analyst role at Virgin Money

This range is provided by Virgin Money. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

Business Unit: COO, Fraud

Salary Range: £39,200 - £55,000 per annum DOE + red-hot benefits

Location: UK Remote

Contract Type: Permanent

Our Team

It’s an exciting time for us as we grow our Economic Crime (PROTECT) team who have a critical role to play, keeping us and our customers safe. They are our first line of defence function and responsible for day-to-day fraud and financial crime risk identification, ownership, management and control. We’re seeking an inspiring and engaging First Party Fraud SME who is insatiably curious and isn’t afraid to challenge the status quo.

As a member of the fraud strategy team, you’ll be responsible for supporting our efforts in detecting, preventing and mitigating first party fraud on our unsecured products (credit cards, loans & bank accounts). You’ll work closely with stakeholders in commercial, credit risk & operations to develop robust fraud strategies to prevent credit abuse risk. We’re seeking a skilled, enthusiastic professional who can make an impact.

What you’ll be doing

• Supporting the development of first party fraud strategies and controls to detect and prevent credit abuse.
• Developing a fraud handbook to support the business and management of first party fraud cases.
• Conducting root cause analysis on first-party fraud events to identify control gaps and supporting the First Party Fraud Strategy Manager with the delivery of mitigating controls.
• Developing data-driven controls to detect and prevent first-party fraud.
• Working collaboratively with stakeholders within Fraud Analytics, Fraud Operations, Credit Risk and Commercial to ensure robust controls are in place.
• Leading the delivery of change initiatives aligned to first party fraud typologies.
• Champion upstream control improvements outside of fraud systems.
• Supporting the development of the Money Mule prevention strategy
• Keeping up to date on emerging fraud trends and techniques
• Developing & monitoring a range of KRI’s in relation to First Party Fraud, supporting the resolution of any breaches.

We need you to have

• Prior experience of developing and implementing successful fraud prevention strategies and initiatives to prevent first party fraud.
• Knowledge and understanding of first party fraud risk and industry trends to identify risks that may impact our organisation.
• Strong analytical and problem-solving skills, with the ability to interpret complex data and identify actionable insights.
• Excellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams.
• Ability to articulate complex analytical concepts to non-technical stakeholders.
• Proficiency in one or more programming languages such as SAS, SQL, Python or R

It’s a bonus if you have but not essential

• Knowledge of CIFAS rules and procedures in the context of first party fraud.
• Experience influencing senior stakeholders
• Knowledge of credit abuse trends and typologies

Red Hot Rewards

• Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more.
• Up to five extra paid well-being days per year.
• 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.
• Free private medical cover, income protection and life assurance.
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.

And there's no waiting around, you'll enjoy these benefits from day one.

Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.

We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.

We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank. As a full-service digital bank with a heritage stretching back over 180 years, we`re a workforce to be reckoned with. We're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We're customer obsessed and work tirelessly to create positive experiences for our millions of customers and deliver on our purpose, ‘Making You Happier About Money.’ Our customer centric culture means that we're able to do banking differently and by innovating and working together we can make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.

Be yourself at Virgin Money

Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities. We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.

As a Disability Confident Leader, we're committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team [e-mail]

Now the legal bit

Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.

If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Analyst

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