Avant · 1 day ago
Sr Associate, Fraud Analytics
Greater Chicago Area
Full-time
Hybrid
Senior Level
$100K/yr - $130K/yr
5+ years expAvant is a company focused on digital banking, seeking knowledgeable fraud professionals to join their Fraud Operations team. The role involves utilizing data to identify fraud trends and developing strategies to combat fraud throughout the customer lifecycle.
Consumer LendingFinanceFinancial ServicesFinTechLending
Responsibilities
Train, test and deploy supervised and unsupervised machine learning models using algorithms such as XGBoost and Isolation Forest
Build fraud strategies around outbound and inbound ACH transactions, check deposit and debit card transactions
Develop and implement fraud rules using analytical methods like segmentation, predictive models, hypothesis testing, etc
Use visualization tools like Databricks to build dashboards and monitor key performance indicators
Use data to understand new ways of finding impactful insights from limited data sets and develop recommendations
Own and run key processes to reduce fraud losses
Analyze data, create models/strategies, and recommend solutions for the latest fraud trends
Work with stakeholders throughout the company to identify opportunities for leveraging company data and third-party vendor data to drive business solutions
Work with the team to measure impact and make updates to the model/strategies and services as needed
Communicate results, explain the behavior of models/strategies, and set appropriate expectations with stakeholders
Strategize on building models and assist with deployments into production
Doing ad-hoc analysis and presenting results to Sr. Management
Qualification
Required
Bachelor's Degree in Technology, Statistics, Business Analytics, related field, or its equivalent
5+ years of analytical experience in customer risk management at a consumer banking financial institution
5+ years of experience leveraging data tools such as SQL, R, Python
Knowledge of check, ACH, wire transfer, debit/credit card and other payment channels operating rules
A highly motivated individual with a fraud strategy background, the ambition to drive change, a strong eagerness to learn, and the ability to communicate and collaborate effectively in complex and evolving environments
Strong quantitative and problem-solving skills with key attention to detail
High level of inquisitiveness, initiative, and critical thinking
Prior experience in statistics and machine learning modeling techniques through coursework or professional experience
Preferred
Master's degree in Technology, Statistics, Business Analytics, related field, or its equivalent
Benefits
Choice of great Medical, Dental, and Vision Insurance Plan options
401(k) match
Flexible Time Off
Flexible Work Environment - (i.e. Mon/Tues/Thurs in-person)
Generous Paid Parental Leave, Adoption Assistance and Post-parental leave ramp-up program
Lunch Allowance (Fooda) and In-office Snacks
Summer Fridays
Fun In-Office and Virtual Social Events
And who doesn’t love the swag
Company
Avant
Avant is an online lending platform that offers alternatives to its clients with safe financial products.
201-500 employees
H1B Sponsorship
Avant has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (21)
2024 (23)
2023 (38)
2022 (46)
2021 (28)
2020 (21)
Funding
Current Stage
Late StageTotal Funding
$2.08BKey Investors
Ares ManagementWebBankPamlico Capital
2022-12-07Private Equity
2022-12-07Debt Financing· $250M
2022-07-14Debt Financing· $250M
Leadership Team
Matt Bochenek
CEO
Charles Whittaker
Chief Product Officer
Recent News
2025-12-17
2025-12-05
2025-11-04
Company data provided by crunchbase