Antifraud Analyst
WFA Digital Insight
The demand for antifraud specialists in fintech has grown significantly, with a 25% increase in job postings over the past year. Novacard, a pioneer in interest-free credit cards, is at the forefront of this trend. With their innovative approach to personal finance, they require skilled professionals who can help strengthen their fraud detection and prevention processes. As a candidate, you should be prepared to leverage your analytical skills, proficiency in Excel, and experience in fraud investigation to succeed in this role. The ability to work independently and think critically is also crucial, as you'll be working with large datasets to identify patterns and anomalies.
Job Description
About the Role
As an Antifraud Analyst at Novacard, you will play a crucial role in protecting the company's interests by developing and implementing robust fraud detection and prevention strategies. Your day-to-day tasks will involve conducting in-depth investigations of suspicious activities, analyzing fraud patterns, and collaborating with cross-functional teams to improve the efficiency of fraud detection and monitoring. You will work closely with the Risk Tech team to identify and mitigate potential risks, ensuring the company's systems and processes remain secure.The Antifraud Analyst role is essential to Novacard's mission of providing interest-free and transparent financial services to its users. By joining the team, you will be contributing to the company's goal of empowering individuals to make smarter financial decisions.
Novacard's innovative approach to credit services has disrupted the traditional banking industry, and as such, the company requires talented professionals who can help navigate the complex landscape of fraud prevention.
What You Will Do
- Conduct deep-dive investigations of suspicious cases, including detailed analysis of fraud incidents that bypass existing detection systems
- Identify links between fraudulent profiles and uncover new fraud patterns and schemes
- Perform initial authorization and verification of POS partners, as well as ongoing monitoring of merchant and agent activity to identify signs of collusion, fraud farms, and manipulation at points of sale
- Develop, implement, and continuously optimize antifraud rules and detection logic used in application approval processes and transactional monitoring
- Evaluate and analyze data from external sources, such as credit bureaus, vendors, and third-party services, and integrate them into fraud detection and prevention processes
- Prepare regular antifraud reports covering fraud levels, rule effectiveness, and overall portfolio quality
- Support antifraud analytics by working with data marts and datasets in the company's Data Warehouse (DWH)
- Perform quality assurance (QA) of antifraud-related processes handled by first-line and second-line teams
- Process and investigate antifraud-related requests coming from customer support and verification teams, providing analysis and recommendations
What We Are Looking For
- Native or fluent Russian language skills and intermediate English (B1+) or higher
- 1-3 years of experience as an antifraud analyst, fraud investigator, or risk underwriter in fintech or banking
- Higher education (incomplete higher education is acceptable if the candidate has relevant professional experience)
- Analytical thinking and ability to identify patterns and anomalies within large datasets
- Strong knowledge of SQL (joins, aggregations) and Excel (pivot tables, advanced formulas)
- Ability to drive tasks end-to-end, from detecting anomalies to implementing fraud prevention rules
- Curiosity and investigative mindset, with a willingness to go beyond standard procedures and proactively identify new and unconventional fraud schemes
Nice to Have
- Basic knowledge of Python or VBA to automate routine tasks
- Experience building dashboards using tools such as Tableau or Power BI
- Domain expertise in POS lending or partner/merchant verification
- Experience conducting investigations using open-source intelligence tools and publicly available data
Benefits and Perks
- Fully remote work format
- Official employment under the Russian Labor Code (if residing in Russia); contractor collaboration possible from other countries
- Opportunity to work in an international team on a new digital product in the Mexican market
- Work in a data-driven environment where your contributions have real impact
- Collaborative and dynamic work culture
- Professional development opportunities
- Access to cutting-edge tools and technologies
- Flexible working hours and remote work stipend
How to Stand Out
- Tip: Develop a strong understanding of SQL and Excel, as these skills are crucial for success in this role.
- To stand out, highlight your experience in fraud investigation and analysis, and be prepared to provide specific examples of your accomplishments.
- When applying, make sure to tailor your resume and cover letter to the specific requirements of the job, and be prepared to discuss your skills and experience in detail during the interview process.
- Consider creating a portfolio that showcases your analytical and problem-solving skills, as well as your experience working with large datasets.
- Be prepared to negotiate your salary based on your experience and qualifications, and don't be afraid to ask about benefits and perks during the interview process.
- Red flag: If the company is not transparent about their fraud prevention processes or seems to prioritize profits over security, it may be a sign of a larger issue.
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