Fraud Analyst

LendingClub; Lehi (UT); Hybrid; USD 60,000 - 90,000; Full time

Job summary

Happen Bank in Lehi, UT is seeking a Purchase Finance Fraud Analyst to help detect and prevent fraud on customer applications and provider accounts. You will analyze alerts, perform manual reviews, and coordinate with Law Enforcement and financial institutions.

Reporting to the Sr Director, Purchase Finance & Deposit Fraud Operations, you will use Verafin/Alloy and internal tools to identify new fraud trends, implement mitigation strategies, and support audits and risk assessments.

Qualifications

• Bachelor's degree in related field or equivalent experience.
• 2+ years banking experience in investigative/analytical role.
• Experience with Verafin or Alloy fraud tools.
• Proficient in reporting and analytics tools used by fraud teams.
• Hybrid Lehi, Utah work arrangement and ability to collaborate across teams.

Responsibilities

• Perform manual reviews of new account applications and existing accounts to identify and prevent fraud.
• Triage alerts using Fraud Detection software and risk scores to guide decisions.
• Manage case work for large-scale fraud incidents and coordinate with leadership.
• Collaborate with law enforcement and financial institutions on investigations.
• Support audits and risk assessments through data analysis and documentation.

Skills

Fraud analysis

Data analysis

Risk assessment

Verafin

Alloy

Education

Bachelor's degree or equivalent

Tools

Verafin

Alloy

Job description

Current Employees of Happen Bank: Please apply via your internal Workday AccountHappen Bank (formerly LendingClub) is built around a simple purpose: to clear the way to help people turn intention into action, and action into financial progress. That means offering focused products, a frictionless mobile-first experience, and clear terms with no gotchas. Respect and fairness is part of our DNA, and that ideal shapes how we work, how we treat each other, and how we invest in our employees and our community. Join us in using data, bold thinking, and a commitment to innovation to help clear the way for millions of Americans to achieve more.About the RoleReporting to the Sr Director, Purchase Finance & Deposit Fraud Operations, the Purchase Finance Fraud Analyst will provide fraud mitigation support through the utilization of analytic tools for fraudulent trend recognition, identifying and preventing potential fraud on customer applications and providers. The Fraud Analyst should work closely with the Manager of Fraud to detect and mitigate new fraud trends, while aligning with outside departments to optimize the fraud controls and communication in place. The analyst will act as a liaison and primary point of contact to law enforcement and other FIs for investigations and inquiries. The utilization of data & trend identification techniques will be key in decision-making aspects of the position.What You'll DoPerform manual reviews and analysis of new account applications and existing customer/provider accounts, identifying and preventing potential fraudPerform alert triage via the Bank’s Fraud Detection software(s), utilizing risk scores and trend analysis in the decisioning of alerts. Manage case management for large scale fraud casesAssist Leadership in ongoing identification of high-risk behaviors of the current customer and provider baseAssist in the implementation of mitigation strategies (whether technical or procedural) to curb new fraud trends and patternsWork closely with Customer Service, Operations and Compliance teams to optimize policies and controls to improve monitoring and due diligence of transactions, consumers and providersCommunicate and collaborate between law enforcement, government agencies and financial institutions to prevent fraud related losses as well as provide criminal action or collections of any account causing the Bank a lossWork closely with other departments in the identification, management and communication of fraud and ID Theft casesAssist with various fraud related duties as needed by the Data OfficePerform back-office functions related to research and resolution of fraudulent activity and applicable reportingSupport in ongoing bank audits and risk assessments as applicableAbout YouBachelor's degree in related field; or equivalent job experience2+ years prior banking experience, preferably in an investigative and analytical role or exposed to fraud-related behavior in the Consumer and Business segmentsKnowledge of third-party online fraud analytic tools such as Verafin and/or AlloyProficiency in online and internal application research across applicable systemsProficiency in reporting and analytical tools utilized by the Bank’s fraud team and Data OfficeWork LocationLehiWe are currently working a hybrid schedule and our teams are in-office Tuesdays, Wednesdays, and Thursdays.Time Zone RequirementsPrimarily MT#LI-Hybrid#LI-SS1Happen Bank is an equal opportunity employer and dedicated to diversity, equity, and inclusion in the workplace. We do not discriminate on the basis of race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), gender, gender identity, gender expression, sexual orientation, age, marital status, veteran status, disability status, political views or activity, or other applicable legally protected characteristics. We believe that a variety of perspectives will make our teams and business stronger as we work together to transform the traditional banking system.We are committed to providing reasonable accommodations for qualified individuals with disabilities in our job application process. If you need assistance or an accommodation due to a disability, please contact us at [e-mail] on AI Tool UseFor select roles and locations, candidate interviews may be recorded, transcribed and summarized by tools such as artificial intelligence (AI) to assist our hiring managers with the application process.You will have the opportunity to opt out of recording, transcription, and summarization prior to any scheduled interviews. We will not discriminate against you if you choose to opt out.During the interview, we will collect the following categories of personal information from or about you: contact information, identifiers, professional and employment-related information, sensory information (audio/video recording), and any other categories of personal information you choose to share with us. We will use this information to evaluate your application for employment.We will only share your interview, transcription, or summary with persons whose expertise or technology is necessary to process your application, evaluate your fitness for a position, and administer or support the tool. We will not sell your personal information or disclose it to any third party for their marketing purposes. For more information about how we will handle your personal information, please refer to our Privacy Disclosure.We will delete any recording of your interview promptly but in no event later than 30 days after making a hiring decision.