Junior Fraud Analyst

Summary

Join Settle as a Junior Fraud Analyst and play a crucial role in protecting our platform from fraudulent activities. You will be responsible for the day-to-day operations of Settle’s fraud prevention strategy, conducting fraud reviews, identifying and mitigating risks, and collaborating with other teams. This role requires a resourceful and independent individual who can efficiently execute existing processes while suggesting improvements. You will work closely with the Senior Fraud Manager, compliance, and operations teams to enhance fraud prevention strategies and address emerging fraud vectors. The ideal candidate possesses strong analytical skills, experience in fraud prevention, and a proactive approach to problem-solving. Settle offers a competitive salary and a comprehensive benefits package.

Requirements

• 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

Responsibilities

• 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

Preferred Qualifications

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

Benefits

• Unlimited PTO
• Flexible and remote work culture
• Generous salary and equity for all staff
• Health, dental, and vision coverage for you and your dependents
• Lunch & commute reimbursement when working in the NYC office located near Union Square
• $500 home office set up reimbursement
• $2500 annual growth and development stipend
• $50 monthly food delivery gift card
• 401k
• Brex company card
• HSA/FSA
• WeWork membership
• ERG groups e.g. LGBTQIA+, Women @ Settle, and more!
• Employee Referral Program
• Team building events