Varo Bank
Senior Fraud Analytics at Varo Bank
Varo is an all‑digital, FDIC‑insured bank committed to creating an inclusive, customer‑first experience. As a senior fraud analytics analyst, you will design innovative analytic approaches to detect, assess, and mitigate fraud risk, support the effectiveness of day‑to‑day fraud policy and rules, and build actionable insights from large volumes of account and transaction data to reduce friction and enhance the customer experience.
What you’ll be doing
Develop data‑driven rules that optimize decisioning performance between member experience and fraud prevention.
Create insights and rules to understand customers’ banking behavior and preferences, driving first‑party fraud controls for payment and lending.
Segment customers using personalized and micro‑segmentation to identify fraud risk, banking behavior, and value.
Collaborate with external fraud prevention vendors to optimize performance and maintain, design, and implement 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.
Lead fraud/risk investigations for both simple and complex cases, marking false positives and false negatives.
Complete investigation of customers and transactions flagged by the bank’s automated monitoring system(s) and manual reports.
Define, implement, and manage rule rationalization and governance processes.
Required skills and experiences
10+ years of fraud or risk experience focused on risk strategy and analytics in financial services, insurance, and healthcare. 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.
3+ years experience in Tableau or other BI tools.
3+ years experience analyzing data with statistical approaches in Python (e.g., clustering analysis, decision trees, linear regression, logistic regression, correlation analysis).
1+ year hands‑on use of AWS (e.g., S3, EC2, EMR, Athena, SageMaker).
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.
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 with engineers, product, operations, and data science.
Compensation & Benefits The base pay range for this role is $140,000 – $190,000 per year. This role is also eligible for a bonus, equity, and competitive benefits. For cash compensation, we set standard ranges for all US‑based roles based on function, level, and geographic location, benchmarked against similar‑stage growth companies. Final offer amounts are determined by multiple factors as well as candidate experience and expertise and may vary from the identified range.
Additional Information We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
Equal Opportunity Employment Varo is an equal‑opportunity employer. Varo embraces diversity and is committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.
Beware of Fraudulent Job Postings Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo. If you suspect you have received a phony offer, please e‑mail careers@varomoney.com with the pertinent information and contact information.
California Privacy Notice https://www.varomoney.com/privacy-legal/
#J-18808-Ljbffr
What you’ll be doing
Develop data‑driven rules that optimize decisioning performance between member experience and fraud prevention.
Create insights and rules to understand customers’ banking behavior and preferences, driving first‑party fraud controls for payment and lending.
Segment customers using personalized and micro‑segmentation to identify fraud risk, banking behavior, and value.
Collaborate with external fraud prevention vendors to optimize performance and maintain, design, and implement 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.
Lead fraud/risk investigations for both simple and complex cases, marking false positives and false negatives.
Complete investigation of customers and transactions flagged by the bank’s automated monitoring system(s) and manual reports.
Define, implement, and manage rule rationalization and governance processes.
Required skills and experiences
10+ years of fraud or risk experience focused on risk strategy and analytics in financial services, insurance, and healthcare. 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.
3+ years experience in Tableau or other BI tools.
3+ years experience analyzing data with statistical approaches in Python (e.g., clustering analysis, decision trees, linear regression, logistic regression, correlation analysis).
1+ year hands‑on use of AWS (e.g., S3, EC2, EMR, Athena, SageMaker).
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.
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 with engineers, product, operations, and data science.
Compensation & Benefits The base pay range for this role is $140,000 – $190,000 per year. This role is also eligible for a bonus, equity, and competitive benefits. For cash compensation, we set standard ranges for all US‑based roles based on function, level, and geographic location, benchmarked against similar‑stage growth companies. Final offer amounts are determined by multiple factors as well as candidate experience and expertise and may vary from the identified range.
Additional Information We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
Equal Opportunity Employment Varo is an equal‑opportunity employer. Varo embraces diversity and is committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.
Beware of Fraudulent Job Postings Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo. If you suspect you have received a phony offer, please e‑mail careers@varomoney.com with the pertinent information and contact information.
California Privacy Notice https://www.varomoney.com/privacy-legal/
#J-18808-Ljbffr