Fraud Analyst

Kroo; Manchester; Hybrid; GBP 50,000 - 70,000; Full time

Benefits offered by this job

35 days holiday

Personal days

Volunteer program

Mental health support

Workplace pension

MacBook laptop

Home office setup support

Hybrid office access

Cycle to Work

Electric Car scheme

Parental leave

Job summary

Kroo Bank, Manchester, seeks a Fraud Analyst to strengthen financial crime prevention and protect customers. You will lead investigations, review high-risk transactions, and collaborate with banks and law enforcement to stay ahead of fraud trends.

The role requires strong analytical skills, experience in fraud detection, and excellent communication. A fast-paced fintech environment offers growth and hybrid working in Manchester.

Qualifications

• Proven experience as a Fraud Analyst or similar role.
• Strong knowledge of fraud detection methodologies and tools.
• Familiarity with banking regulations related to fraud prevention.
• Proficiency in fraud detection software, data analysis tools, and advanced Excel.
• Analytical mindset with the ability to identify patterns in large datasets.
• Excellent problem-solving and attention to detail.
• Effective verbal and written communication with non-technical stakeholders.
• Ability to work independently and in a fast-paced environment.
• Professional certifications in fraud detection are a plus.

Responsibilities

• Fraud Prevention: Support development and implementation of an industry-leading fraud prevention program.
• Fraud Recoveries: Manage chargeback processes and investigate fraud claims.
• Fraud Investigations: Lead end-to-end investigations and SAR submissions.
• Transaction Review: Review high-risk transactions and take action to protect customer funds.
• Process Optimisation: Improve fraud processes and tools.
• Trend Analysis: Monitor fraud trends using data analytics.
• Collaboration: Coordinate with banks, law enforcement, and departments.
• Industry Collaboration: Engage with peers and forums to stay ahead of trends.

Skills

Fraud detection methodologies

Fraud detection software

Data analysis tools

Excel (Advanced)

Strong communication

Education

Fraud-related certifications

Job description

What We’re All About at Kroo

Kroo has a big vision. To be the first bank that is both trusted and loved by its customers. We’re helping people take control of their financial future and achieve their goals, whilst making a positive impact on the planet. Here at Kroo, doing what is right is in our DNA. We act with integrity, transparency and honesty. We think big, dream big, and relentlessly pursue our goals. We like to be bold, break new ground, and we never stop learning. But most importantly, we are on the journey together.

About the team

We are a multi-disciplined team of experienced technology, banking, customers experience, marketing, and legal professionals who share a passion for the company’s mission and believe in a collaborative approach to creating the greatest social bank. We are building a diverse team of inquisitive people who want to understand customer needs and behaviour so we can develop innovative products that change peoples lives for good. Were searching for a resourceful and enthusiastic Fraud Analyst, who will amongst other things, support the day-to-day operations of the First Line Financial Crime Operations function. The Kroo is growing and we’d love to hear from you if you’re interested in joining us on our journey!

As a Fraud Analyst, your key responsibility is to strengthen our financial crime prevention efforts. This role is crucial in ensuring the integrity of our financial transactions and preventing fraudulent activities. This position offers an exciting opportunity to make a significant impact in a rapidly evolving fintech environment.

As a Fraud Analyst , your role is critical in developing, optimising, and maintaining our card fraud prevention program to protect our customers and ensure the integrity of our card transactions and payments. The ideal candidate will have a strong background in fraud detection and prevention, an analytical mindset, and the ability to work collaboratively with internal teams and external partners. Other responsibilities include:

• Fraud Prevention: Support the development and implementation of an industry-leading fraud prevention program, continuously seeking innovative solutions and best practices.
• Fraud Recoveries: Utilising the chargeback scheme and APP/ Indemnity processes to assist customers to have reported fraud. Conducting thorough investigations of claims and managing the fraud process from start to finish.

• Fraud Investigations: Lead end-to‑end investigations of sophisticated fraud and scam cases, including preparing and submitting Suspicious Activity Reports (SARs) to relevant authorities.

• Transaction Review: Swiftly review high-risk transactions and payments, employing advanced detection techniques to identify potential fraud and take immediate action to protect customer funds.
• Process Optimisation: Collaborate in the review and enhancement of existing fraud processes, systems, and procedures, ensuring they remain effective against emerging fraud tactics.
• Trend Analysis: Utilise data analysis tools to proactively identify and monitor financial crime trends, contributing to the ongoing improvement of our fraud prevention strategies.
• Collaboration: Maintain strong communication with other financial institutions, law enforcement authorities, and various business departments to coordinate efforts in fraud prevention and resolution.
• Industry Collaboration: Engage with industry peers and participate in forums to stay ahead of the latest trends in card fraud and share best practices.

About You

While not essential, the following experience and qualifications are highly desirable in our ideal candidate for this position:

• Proven experience as a Fraud Analyst or in a similar role.
• Strong knowledge of fraud detection methodologies, tools, and technologies.
• Familiarity with banking regulations and compliance requirements related to fraud prevention.
• Proficiency in using fraud detection software, data analysis tools, and advanced Excel functions.
• Analytical mindset with the ability to identify patterns, trends, and anomalies in large datasets.
• Excellent problem-solving skills with the ability to make sound decisions under pressure.
• Strong attention to detail and accuracy in data analysis and investigative work.
• Effective communication skills, both verbal and written, with the ability to present complex information to non-technical stakeholders.
• Ability to work independently and collaboratively in a fast-paced, dynamic environment.
• Professional certifications related to fraud detection and prevention (e.g., Certified Fraud Examiner, Certified Fraud Analyst) are a plus.

About Our Process:

We can be flexible with the structure of our interview process if someone's circumstances or timescales require it but our general structure is:

• Technical interview with the Fraud Team Leader - 45 mins
• Interview with members of the Fraud Team- 30 mins

Please let us know if you have any specific requirements or need assistance so we can be as accommodating as possible for you.

What we offer:

At our cutting-edge fintech company, we know that attracting and retaining the best talent means offering top‑notch benefits that help our employees thrive both in and outside of work. Check out what we currently offer:

• Generous holiday time: You’ll enjoy a total of 35 days holiday, including 25 days annual leave, 8 bank holidays, 1 Kroo bank holiday (June 24th), and 1 day off during the week of your birthday.
• Personal days: We know that life can be unpredictable, so we offer 3 personal days to use as needed.
• Employer-sponsored volunteer program: We’re passionate about giving back to our community, and we support our employees in doing the same with up to 4 hours per month of employer-sponsored volunteer time.
• Mental health support: We care about the mental health of our team members and offer access to Spill, our mental health support partner.
• Workplace pension: We want you to feel secure about your future, so we offer a workplace pension with a 5% employee contribution and a 3% employer top‑up.
• Top‑notch equipment: We provide top‑of‑the‑line equipment necessary for smooth remote work, including a MacBook laptop. Additionally, we also offer support in establishing your home office by contributing towards your setup if required.
• Modern office: When you’re in the office, you’ll enjoy access to our modern, bustling workspace in Manchester city centre but also access to our head office location in Central London.
• Cycle to Work scheme: We encourage sustainable transportation with our Cycle to Work scheme.
• Electric Car scheme: We’re committed to reducing our carbon footprint, and our Electric Car scheme makes it easy for our employees to do the same.
• Enhanced parental leave: We know that family comes first, and we offer an enhanced parental leave policy to support our employees in starting and growing their families.
• Room for growth: As a fast‑paced, high‑growth start‑up, we’re dedicated to providing our employees with room to grow and excel.
• You get full healthcare for your and your nuclear family via Vitality.

Hybrid Working:

Kroo Bank uses a hybrid working model that gives people and teams flexibility while supporting productivity. Our Manchester office is an important resource, so colleagues who can attend once a week will fit well with how we work. Standard hours are 9:00am to 5:30pm, Monday to Friday, and the role includes duty on one weekend each month. The role combines remote work and time in the office, so you will not be on site at all times. Routine commuting costs to your designated office are not reimbursed.

Diversity and Inclusion:

We wholeheartedly uphold our commitment to fostering a diverse and inclusive workplace. Every employee is highly regarded, respected, and supported without any form of judgement or prejudice. We consider Diversity, Equality, and Inclusion as fundamental pillars guiding our path in all aspects of our bank. We also ensure that reasonable adjustments are made available to all candidates throughout the recruitment process.

To all Recruitment Agencies:

At Kroo Bank, agency resumes are strictly prohibited. Do not submit agency resumes or forward them to our job advertisements or Kroo Bank employees. Be aware that Kroo Bank will not assume any responsibility for fees incurred due to unsolicited resumes.