Senior Fraud Detection & Prevention Analyst

Wave HQ; California (MO); Hybrid; USD 70,000 - 106,000; Full time

Job summary

Wave seeks a Senior Analyst, Fraud Prevention & Detection to own hands-on fraud risk work across digital customer and payment experiences. You will analyze activity, model outputs and risk signals to identify threats and propose practical control improvements.

Collaborating with Product, Engineering, Data Science, Compliance, and Operations, you will design rules, monitor performance, and drive measurable fraud outcomes while balancing customer experience.

Qualifications

• 5+ years of fraud prevention, detection, and payments risk in fintech, banking, e-commerce or finance.
• Hands-on experience designing, tuning, testing, and evaluating fraud rules, risk scoring, detection logic, alerts, and automated decisioning.
• Strong analytical capability using dashboards, Excel, SQL or data querying tools, model outputs, and transaction trends.
• Experience monitoring fraud performance metrics such as losses, capture, false positives, and manual review volume.
• Ability to identify root causes and translate signals into specific control recommendations.
• Proven ability to partner with Product, Engineering, Data Science, Analytics, Compliance, Customer Care and Operations.
• Knowledge of fraud tools, rules engines, and real-time decisioning environments.
• Practical understanding of AI/ML model outputs and their monitoring in production.

Responsibilities

• Analyze fraud trends, attack patterns, account behavior, transaction activity and risk signals to identify threats and gaps.
• Design, tune, test, and evaluate fraud rules, risk scoring, detection logic, alerts and decisioning controls.
• Monitor fraud performance metrics and recommend measurable improvements.
• Conduct root cause analysis on fraud events and translate findings into corrective actions.
• Partner with cross-functional teams to implement fraud control improvements and real-time detection capabilities.
• Support roadmap by identifying opportunities to improve rules, scoring, identity verification, and automation.
• Prepare clear analyses, business cases and executive-ready summaries explaining risk and actions.
• Support testing, launch, monitoring and optimization of new fraud tools and processes.
• Maintain SOPs, reporting routines and governance around fraud prevention execution.

Skills

Fraud prevention/detection

Rule tuning

Analytics & SQL

Dashboarding

Cross-functional collaboration

AI/ML model awareness

Real-time decisioning

Fraud tools & platforms

Tools

Fraud tools platforms

Rules engines

Vendor platforms

Real-time detection tools

Job description

Wave seeks a Senior Analyst, Fraud Prevention & Detection to own hands-on fraud risk work across digital customer and payment experiences. You will analyze activity, model outputs and risk signals to identify threats and propose practical control improvements.

Collaborating with Product, Engineering, Data Science, Compliance, and Operations, you will design rules, monitor performance, and drive measurable fraud outcomes while balancing customer experience.