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- Tasks: Develop and implement strategies to combat first party fraud in financial products.
- Company: Join Virgin Money, a leading digital bank with over 180 years of experience.
- Benefits: Enjoy 38.5 days annual leave, flexible working, and comprehensive health benefits from day one.
- Why this job: Make a real impact in fraud prevention while working in a customer-centric culture.
- Qualifications: Experience in fraud prevention strategies and strong analytical skills required.
- Other info: Remote work available; inclusive culture that values diversity and flexibility.
The predicted salary is between 39200 - 55000 £ per year.
First Party Fraud Strategy Senior Analyst Join to apply for the First Party Fraud Strategy Senior Analyst role at Virgin Money First Party Fraud Strategy Senior Analyst Join to apply for the First Party Fraud Strategy Senior Analyst role at Virgin Money This range is provided by Virgin Money. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range Business Unit: COO, Fraud Salary Range: £39,200 – £55,000 per annum DOE + red-hot benefits Location : UK Remote Contract Type: Permanent Our Team It’s an exciting time for us as we grow our Economic Crime (PROTECT) team who have a critical role to play, keeping us and our customers safe. They are our first line of defence function and responsible for day-to-day fraud and financial crime risk identification, ownership, management and control. We’re seeking an inspiring and engaging First Party Fraud SME who is insatiably curious and isn’t afraid to challenge the status quo. As a member of the fraud strategy team, you’ll be responsible for supporting our efforts in detecting, preventing and mitigating first party fraud on our unsecured products (credit cards, loans & bank accounts). You’ll work closely with stakeholders in commercial, credit risk & operations to develop robust fraud strategies to prevent credit abuse risk. We’re seeking a skilled, enthusiastic professional who can make an impact. What you’ll be doing Supporting the development of first party fraud strategies and controls to detect and prevent credit abuse. Developing a fraud handbook to support the business and management of first party fraud cases. Conducting root cause analysis on first-party fraud events to identify control gaps and supporting the First Party Fraud Strategy Manager with the delivery of mitigating controls. Developing data-driven controls to detect and prevent first-party fraud. Working collaboratively with stakeholders within Fraud Analytics, Fraud Operations, Credit Risk and Commercial to ensure robust controls are in place. Leading the delivery of change initiatives aligned to first party fraud typologies. Champion upstream control improvements outside of fraud systems. Supporting the development of the Money Mule prevention strategy Keeping up to date on emerging fraud trends and techniques Developing & monitoring a range of KRI’s in relation to First Party Fraud, supporting the resolution of any breaches. We need you to have Prior experience of developing and implementing successful fraud prevention strategies and initiatives to prevent first party fraud. Knowledge and understanding of first party fraud risk and industry trends to identify risks that may impact our organisation. Strong analytical and problem-solving skills, with the ability to interpret complex data and identify actionable insights. Excellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams. Ability to articulate complex analytical concepts to non-technical stakeholders. Proficiency in one or more programming languages such as SAS, SQL, Python or R It’s a bonus if you have but not essential Knowledge of CIFAS rules and procedures in the context of first party fraud. Experience influencing senior stakeholders Knowledge of credit abuse trends and typologies Red Hot Rewards Generous holidays – 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more. Up to five extra paid well-being days per year. 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt. Free private medical cover, income protection and life assurance. Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness. And there\’s no waiting around, you\’ll enjoy these benefits from day one. Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out. We\’re all about helping you Live a Life More Virgin , so happy to talk flexible working with you. We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank. As a full-service digital bank with a heritage stretching back over 180 years, we`re a workforce to be reckoned with. We\’re putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people\’s lives. We\’re customer obsessed and work tirelessly to create positive experiences for our millions of customers and deliver on our purpose, ‘Making You Happier About Money.’ Our customer centric culture means that we\’re able to do banking differently and by innovating and working together we can make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work. Be yourself at Virgin Money Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities. We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard. As a Disability Confident Leader, we\’re committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team careers@virginmoney.com Now the legal bit Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we\’ll need you to confirm you have the right to work in the UK. If you\’re successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years\’ worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we\’ll ask for six years of regulatory references, and once in the role, you\’ll be subject to periodic employment checks. Seniority level Seniority level Associate Employment type Employment type Full-time Job function Job function Analyst Referrals increase your chances of interviewing at Virgin Money by 2x Get notified about new Strategy Analyst jobs in United Kingdom . 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First Party Fraud Strategy Senior Analyst employer: Virgin Money
Contact Detail:
Virgin Money Recruiting Team
careers@virginmoney.com
StudySmarter Expert Advice 🤫
We think this is how you could land First Party Fraud Strategy Senior Analyst
✨Tip Number 1
Familiarise yourself with the latest trends in first party fraud. Understanding current tactics used by fraudsters will not only help you in interviews but also demonstrate your proactive approach to staying informed in this rapidly evolving field.
✨Tip Number 2
Network with professionals in the fraud prevention industry. Engaging with others who work in similar roles can provide valuable insights and may even lead to referrals, increasing your chances of landing an interview with us.
✨Tip Number 3
Prepare to discuss your analytical skills in detail. Be ready to share specific examples of how you've used data to identify fraud patterns or improve fraud prevention strategies, as this is a key aspect of the role.
✨Tip Number 4
Showcase your ability to collaborate with cross-functional teams. Highlight experiences where you've worked with different departments to implement fraud controls, as this will resonate well with our team-oriented culture.
We think you need these skills to ace First Party Fraud Strategy Senior Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in fraud prevention strategies and analytical skills. Use keywords from the job description to demonstrate that you meet the specific requirements for the First Party Fraud Strategy Senior Analyst role.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and Virgin Money's mission. Discuss your previous experience with first party fraud and how it aligns with the responsibilities outlined in the job description. Be sure to mention any specific programming languages you are proficient in.
Showcase Analytical Skills: Provide examples of how you've used data analysis to identify fraud risks or improve fraud prevention strategies in your previous roles. Highlight any tools or methodologies you have employed to achieve successful outcomes.
Prepare for Potential Questions: Think about how you would articulate complex analytical concepts to non-technical stakeholders. Prepare examples of past experiences where you successfully collaborated with cross-functional teams to implement fraud controls.
How to prepare for a job interview at Virgin Money
✨Understand First Party Fraud
Make sure you have a solid grasp of what first party fraud is and the current trends in the industry. Be prepared to discuss specific examples of fraud cases and how they were handled, as this will demonstrate your expertise and understanding of the role.
✨Showcase Analytical Skills
Since the role requires strong analytical abilities, be ready to talk about your experience with data analysis. Bring examples of how you've used data to identify fraud patterns or develop prevention strategies, and be prepared to explain your thought process clearly.
✨Communicate Effectively
This position involves collaboration with various stakeholders, so highlight your communication skills. Practice explaining complex concepts in simple terms, as you'll need to articulate your findings to non-technical team members.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills. Think of past experiences where you successfully identified and mitigated fraud risks, and be ready to walk the interviewer through your approach and the outcomes.