Junior Fraud Analyst

About the role:

The Junior Fraud Analyst will be responsible for handling the day-to-day operations of Settle’s fraud prevention strategy. We’re looking for an intellectually curious individual who is task-oriented but also sees the bigger picture. An ideal candidate will be able to execute existing processes efficiently while providing suggestions for improvement and optimization. This role requires a resourceful person who can operate independently but understands when escalation is required.

You will conduct fraud reviews for customer onboarding and transaction monitoring, identifying and mitigating potential risks, and collaborating with the Senior Fraud Manager to address emerging fraud vectors. You’ll also work closely with compliance and operations teams to enhance fraud prevention strategies.

What you’ll do:

• Manually review new customer sign ups and apply control mechanisms to reduce risk while keeping false positives and review times within KPI goals.
• Monitor transactions for both fraud risk and potential Anti-Money Laundering (AML) risk while maintaining internal SLAs.
• Identity opportunities for process improvement or enhanced tooling that would allow us to perform reviews efficiently.
• Develop case studies for emerging risks and partner with the Senior Fraud Manager in research that will be escalated to Settle leadership.
• Collaborate with the operations team to ensure that we are effectively communicating with internal and external stakeholders about our mitigation measures.
• Coordinate with our compliance team to escalate money laundering or sanctions risks identified during fraud monitoring processes.

What you’ll need:

• 3+ years of experience in fraud prevention, ideally for a fintech or a payments platform.
• 3+ years of experience working review queues using internal and external tools for investigation.
• 1+ years of experience writing SQL or using a BI tool such as Mode, Metabase, Looker, etc.
• Self-starter. This role requires someone who requires minimal oversight and is comfortable making informed independent decisions.
• Startup Mentality: Ability to be resourceful and thrive in dynamic, rapidly evolving environments, effectively navigating internal change management.
• Customer focused. Must care as much about supporting good customers as stopping bad actors.
• Tenacious. Must be able to grind through the work while maintaining an attention to detail that could be the difference between a fraud prevention and a fraud loss.
• Flexibility. Fraudsters don’t work 9 to 5 so this role may require some time off hours.

Nice to have:

• Credit risk team collaboration monitoring loan disbursements.
• Compliance team collaboration monitoring sanctions and AML risk.

Compensation:

This role offers an annual base salary range of $75,000 - $95,000 + comp + equity + benefits. Various factors, including your skills and experience will determine actual compensation.