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Varo Bank · 1 month ago

Lead Fraud Risk Data Analyst

United States

Full-time

Remote

Senior Level, Lead/Staff

$140K/yr - $190K/yr

10+ years exp

Varo Bank is an entirely new kind of bank, all digital and mission-driven. They are seeking a Lead Fraud Risk Data Analyst responsible for designing analytic approaches to detect and mitigate fraud risk, analyzing data to improve fraud strategies, and leading investigations into fraud cases.

Banking

H1B Sponsor Likely

Responsibilities

Develop new data driven rules that optimize decisioning performance between member experience and fraud prevention

Develop data insights and rules to help understand customers’ banking behavior and preferences to drive first party fraud controls and strategy for payment and lending

Develop personalized segmentations and micro-segmentation to identify customers based on their fraud risk, banking behaviorals, and value

Work with external fraud prevention vendors to optimize their performance and assist in maintaining, design and implementation of existing and new fraud detection tools

Aggregate and analyze internal and external risk datasets to understand performance of fraud decisioning and granular performance of multiple decision methods

Find insights from risk data sets to improve fraud strategies and rules

Participate in regular review of activities involving different fraud topologies

Able to lead fraud/risk investigations for both simple and complex cases to successful conclusions and mark false positives and false negative cases

Complete investigation of customers and transactions flagged by the Bank's automated monitoring system(s), manual reports, and/or referrals

Define, implement, and manage rule rationalization and governance process

Qualification

Fraud risk managementData analyticsSQLPythonTableauStatistical analysisAWSFinancial products knowledgeCoachingStakeholder managementMentoring

Required

10+ years of fraud or risk experience focused on the risk strategy and risk analytics in financial services, insurance, and healthcare industries. FinTech or start-up experience is a plus. First party fraud risk management experience is a plus

8+ years of data analytics experience with hands-on SQL and python coding is a plus

3+ years of experience in Tableau (and other BI tools)

3+ years of experience analyzing data with statistical approaches with python (e.g. in Jupyter notebook): for example, clustering analysis, decision trees, linear regression, logistic regression, correlation analysis

1+ years of hands-on use of AWS (e.g. S3, EC2, EMR, Athena, SageMaker and more) is a plus

Strong knowledge of financial products, including fraud management in lending products, ACH, RDC, P2P, and deposit accounts

Knowledge of fraud management systems such as Sentilink, iOvation, Lexisnexis, etc

Deep understanding of the financial fraud space

Experience creating and optimizing fraud prevention rules and strategies

Coaching and mentoring other analysts

Cross-functional stakeholder management, working with engineers, product, operations, and data science

Benefits

Bonus

Equity

Competitive benefits

Company

Varo Bank

Glassdoor2.9

Varo is an entirely new kind of bank. All digital, mission driven, FDIC insured and designed for the way our customers live their lives.

Founded in 2015

San Francisco, California, US

501-1000 employees

https://www.varomoney.com

H1B Sponsorship

Varo Bank 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)

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Trends of Total Sponsorships

2025 (16)

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2023 (17)

2022 (31)

2021 (13)