Fraud Analyst

LendingClub; United States; Hybrid; USD 75,000 - 110,000; Full time

Job summary

Happen Bank in Lehi is seeking a Purchase Finance Fraud Analyst to mitigate fraud using analytics and trend recognition. You will collaborate with Fraud leadership and cross-functional teams to optimize controls and communicate findings.

The role requires a bachelor’s degree and 2+ years banking experience, familiarity with Verafin and Alloy, and strong analytical and reporting capabilities. Hybrid work schedule is Tue–Thu in-office (MT).

Qualifications

• Bachelor’s degree or equivalent job experience.
• 2+ years prior banking experience, preferably in investigative/analytic roles or fraud-related exposure.
• Proficiency in reporting and analytical tools used by fraud teams and Data Office.

Responsibilities

• Perform manual reviews and analysis of new account applications and existing customer/provider accounts to identify and prevent fraud.
• Perform alert triage using Fraud Detection software, manage cases for large-scale fraud.
• Assist in identifying high-risk behaviors and in implementing mitigation strategies.
• Collaborate with Customer Service, Operations and Compliance to optimize policies and controls.

Skills

Banking experience

Analytical thinking

Education

Bachelor's degree

Tools

Verafin

Alloy

Job description

About the Role

Reporting 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 Do

• Perform manual reviews and analysis of new account applications and existing customer/provider accounts, identifying and preventing potential fraud
• Perform 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 cases
• Assist Leadership in ongoing identification of high-risk behaviors of the current customer and provider base
• Assist in the implementation of mitigation strategies (whether technical or procedural) to curb new fraud trends and patterns
• Work closely with Customer Service, Operations and Compliance teams to optimize policies and controls to improve monitoring and due diligence of transactions, consumers and providers
• Communicate 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 loss
• Work closely with other departments in the identification, management and communication of fraud and ID Theft cases
• Assist with various fraud related duties as needed by the Data Office
• Perform back-office functions related to research and resolution of fraudulent activity and applicable reporting
• Support in ongoing bank audits and risk assessments as applicable

About You

• Bachelor’s degree in related field; or equivalent job experience
• 2+ years prior banking experience, preferably in an investigative and analytical role or exposed to fraud-related behavior in the Consumer and Business segments
• Knowledge of third-party online fraud analytic tools such as Verafin and/or Alloy
• Proficiency in online and internal application research across applicable systems
• Proficiency in reporting and analytical tools utilized by the Bank’s fraud team and Data Office

Work Location
Lehi
We are currently working a hybrid schedule and our teams are in-office Tuesdays, Wednesdays, and Thursdays.
Time Zone Requirements
Primarily MT
#LI-Hybrid
#LI-SS1

Happen 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].

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