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For Companies At a Glance
- Tasks: Analyse fraud patterns and develop strategies to protect customers using data.
- Company: Join The Very Group, a company dedicated to helping families enjoy life with flexible payment options.
- Benefits: Enjoy flexible working, 27 days holiday, learning access, and discounts on products.
- Why this job: Make a real impact in a supportive team while growing your analytical skills.
- Qualifications: A degree in a numerate subject or equivalent experience; familiarity with data tools is a plus.
- Other info: Opportunity for recent graduates or those with some analytics exposure; training provided.
The predicted salary is between 28800 - 43200 £ per year.
Internal use only – Grade G
About us
We areThe Very Groupand we’re here to help families get more out of life. We know that our customers work hard for their families and have a lot to balance in their busy lives. That’s why we combine amazing brands and products with flexible payment options onVery.co.ukto help them say yes to the things they love. We’re just as passionate about helping our people get more out of life too; building careers with real growth, a sense of purpose, belonging and wellbeing.
About the team
Protecting our customers and business from fraud is at the heart of what we do. You’ll join our dedicated Fraud Risk Analytics team of 5 (within our Credit Risk department of c.60 FTE) working in a fast-paced, collaborative environment where your ideas can make a real impact.
We’re responsible for designing and delivering fraud prevention strategies that tackle threats across the full customer journey, from new credit applications to account takeovers and emerging fraud trends. We combine data, insight, and innovation to keep our customers safe and minimise loss.
We don’t expect you to know everything from day one, you’ll get the support of a friendly, knowledgeable team and a chance to grow your skills in a business that moves quickly and values your input.
About the Role
As a Fraud Analyst, you’ll play a key role in helping us understand and respond to fraud risks using data. You’ll support the development of fraud rules, monitor how our strategies are performing, and help us spot new threats before they become a problem.
This is a fantastic opportunity for someone, whether you’re a recent graduate or you’ve had some exposure to analytics in a previous role, we’ll help you build your skills and grow into the role.
Your key responsibilities will include:
- Analysing fraud patterns and customer behaviours using data to support strategy development.
- Monitoring the performance of existing fraud rules and identifying areas for improvement.
- Supporting the design, testing and implementation of new fraud controls.
- Building dashboards, reports or models to help stakeholders understand key risks and trends.
- Working with stakeholders across Credit Risk, Fraud Operations, and wider teams to help protect our customers and the business.
You’ll be surrounded by supportive teammates and experienced analysts who are there to coach and develop you while also giving you the space to take ownership of your work and grow in confidence.
About you
We’re looking for someone who is:
- Naturally curious, analytical, and enjoys problem-solving.
- Has a degree in a numerate subject such as Maths, Economics, Statistics, Computer Science or similar or equivalent practical experience.
- Comfortable working with data, whether that’s in Excel, SQL, or other tools.
- Able to communicate clearly both when working with your team and when presenting insights to others.
- A team player with a proactive mindset who’s keen to learn and grow.
- Organised and able to manage time effectively in a fast-moving environment.
You might have:
- Exposure to working with large datasets or in a risk-related environment.
- An interest in financial crime, fraud prevention or credit risk.
- Familiarity with some of the following – SQL, SAS, R, Python, Excel or Power BI.
If you’re passionate about analytics and using data to tackle real-world problems, we’d love to hear from you.
Some of our benefits
- Flexible, hybrid working model
- Inclusive culture and environment, check out our Glassdoor reviews
- £250 flexible benefits allowance to suit your needs
- 27 days holiday + bank holidays
- Udemy learning access
- Bonus potential (performance and business-related)
- Up to 25% discount on Very.co.uk
- Matched pension up to 6%
- More benefits can be foundon our career site
How to apply
Please note that the talent acquisition team are managing this vacancy directly, and if successful in securing this role, you will be required to undertake a credit, CIFAS, Right to Work checks and if a specific requirement of your role a DBS (criminal records) check. Should your application progress we require you to let the team know if there is anything you need to disclose in relation to any of these checks prior to them being undertaken, including any unspent criminal convictions.
What happens next?
Our talent acquisition team will be in touch if you’re successful so keep an eye on your emails! We’ll arrange a short call to learn more about you, as well as answer any questions you have. If it feels like we’re a good match, we’ll share your CV with the hiring manager to review. Our interview process is tailored to each role and can be in-person or held remotely.
You can expect a one-stage interview process for this position:
1st Stage– A one-hour formal interview where you can expect both competency and technical questions.
Please do let us know if you require any reasonable adjustments.
If you\’d like to know more about our interviews, you can find out here.
Equal opportunities
We’re an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
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Fraud Risk Strategy Analyst employer: Very Group
Contact Detail:
Very Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fraud Risk Strategy Analyst
✨Tip Number 1
Familiarise yourself with the latest trends in fraud prevention and analytics. Understanding current threats and how they impact businesses will help you demonstrate your knowledge during interviews and show that you're proactive about staying informed.
✨Tip Number 2
Network with professionals in the fraud risk and analytics field. Attend industry events or join relevant online forums to connect with others who can provide insights and potentially refer you to opportunities at The Very Group.
✨Tip Number 3
Brush up on your data analysis skills, particularly in tools like SQL, Excel, or Python. Being able to showcase your ability to work with large datasets and perform analyses will set you apart from other candidates.
✨Tip Number 4
Prepare for the interview by practising common competency and technical questions related to fraud risk analysis. Think of examples from your past experiences that highlight your analytical skills and problem-solving abilities.
We think you need these skills to ace Fraud Risk Strategy Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant skills and experiences that align with the Fraud Risk Strategy Analyst role. Emphasise your analytical abilities, familiarity with data tools like SQL or Excel, and any experience in fraud prevention or risk analysis.
Craft a Compelling Cover Letter: In your cover letter, express your passion for analytics and problem-solving. Mention specific examples of how you've used data to tackle challenges in previous roles or projects, and explain why you're excited about the opportunity at The Very Group.
Showcase Your Analytical Skills: During the application process, highlight any projects or coursework that demonstrate your analytical skills. If you have experience building dashboards or reports, mention these as they are relevant to the responsibilities of the role.
Prepare for Technical Questions: Since the interview will include technical questions, brush up on your knowledge of data analysis tools and techniques. Be ready to discuss how you would approach analysing fraud patterns and developing strategies based on data insights.
How to prepare for a job interview at Very Group
✨Show Your Analytical Skills
As a Fraud Risk Strategy Analyst, you'll need to demonstrate your analytical abilities. Be prepared to discuss your experience with data analysis, whether through academic projects or previous roles. Highlight specific examples where you've used data to solve problems or make decisions.
✨Familiarise Yourself with Relevant Tools
Make sure you have a good understanding of the tools mentioned in the job description, such as SQL, Excel, or any programming languages like Python or R. If you have experience with these, be ready to discuss how you've used them in past projects or roles.
✨Understand the Company’s Mission
Research The Very Group and understand their mission to help families get more out of life. Be prepared to explain how your values align with theirs and how you can contribute to their goal of protecting customers from fraud.
✨Prepare for Competency Questions
Expect competency-based questions during the interview. Think of examples from your past experiences that showcase your problem-solving skills, teamwork, and ability to work under pressure. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
