At a Glance
- Tasks: Drive application fraud strategies and optimise fraud detection systems.
- Company: Join Virgin Money, a leader in financial services with a commitment to innovation.
- Benefits: Up to £58,000 salary, 25-30 days holiday, private medical insurance, and a competitive pension.
- Other info: Enjoy training opportunities and up to 2 days of paid volunteering each year.
- Why this job: Make a real impact by protecting customers from identity fraud in a dynamic environment.
- Qualifications: Experience with SAS, SQL, and industry-standard fraud systems is essential.
The predicted salary is between 58000 - 58000 £ per year.
Senior Application Fraud Analyst – Virgin Money
Salary range: Up to £58,000 per annum DOE + Benefits.
You'll be joining the Application Fraud Analytics team, responsible for application fraud strategies across all products.
Our mission is to prevent identity fraud and protect customers, non‑customers, and the bank itself.
- What you’ll be doing
- Driving application fraud strategy for a specific area of the business, being a point of contact for stakeholders and providing SME input.
- Optimising and monitoring performance of fraud detection and prevention systems and associated models.
- Taking the lead for your area’s fraud systems to manage fraud risk within appetite and budget.
- Completing analytics as directed to support the setting and on‑going reporting and management of the Fraud loss budget.
- Producing accurate and relevant fraud MI required by governance committees and providing updates in monthly forums.
- Supporting development of other application fraud analysts in analytics and MI.
- Supporting, leading, and providing SME insights for business‑wide change.
- Identifying ongoing improvements to tools and systems and supporting and driving the delivery of change for the application fraud team.
- Supporting external engagement with third‑party suppliers, industry bodies and law enforcement as required.
- We need you to have
- Practical, extensive experience of using SAS, SQL or equivalent analytical tools to develop data‑driven solutions.
- Knowledge and use of industry‑standard fraud systems and data sources (Hunter, CIFAS, Detect, Tru Validate, Mitek).
- A track record of completing analytics and tuning fraud defence systems to manage fraud loss within budget and appetite.
- Knowledge of fraud risks, threats, and landscape.
- A proven ability to manage workload in a fast‑paced environment with potentially multiple conflicting needs.
- Practical experience producing and creating accurate MI.
- It’s a bonus if you have but not essential
- Experience driving change for Fraud projects from identification of problem to delivery of solution.
- 25 days holiday per year, which increases over time to 30. Plus, an option to buy more.
- Private medical insurance.
- A highly competitive pension to help you build a strong foundation for retirement.
- Access to an annual performance‑related bonus.
- Training and development to help you progress your career.
- A great selection of additional benefits through our flexible benefits scheme.
- Life assurance to provide peace of mind for you and your loved ones in the event of your death.
- Up to 2 days of paid volunteering a year.
Seniority level: Mid‑Senior level.
Job function: Analyst.
If we’re lucky to receive a lot of interest, we may close the advert early. Please ensure to submit your applications as soon as possible.
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Senior Application Fraud Analyst employer: Virgin Money
At Teleperformance, we pride ourselves on fostering a vibrant work culture that prioritises employee growth and development. As a Customer Service Representative for Virgin Money in Glasgow, you will enjoy comprehensive training, a supportive team environment, and the opportunity to make a real impact on customer experiences. With competitive pay and a commitment to excellence, we offer a rewarding career path for those eager to learn and succeed in the banking sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Application Fraud Analyst
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Virgin Money. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Application Fraud Analyst
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Virgin Money.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Virgin Money's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Virgin Money
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Virgin Money.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Virgin Money will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Virgin Money employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
