Job Description

Business Unit: Financial Crime & Fraud
Salary range: \xc2\xa336,800 - circa \xc2\xa346,000 per annum depending on experience

Show the status quo where to go

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.

In a nutshell you\'ll be a key figure in ensuring secure payment processes detect unusual patterns, conduct root cause analysis on fraud transactions and collaborate with various teams. Responsibilities encompass data analysis, risk assessment, payment rule refinement, and generating insightful reports. Collaborating with cross-functional units, you\'ll enhance payment systems, provide training, and ensure compliance with regulations by adapting strategies to emerging threats and fostering vendor relationships. You\'ll play a crucial role in safeguarding the organisation\'s financial integrity and reputation.

What you\'ll be doing:

• Develop expertise on fraud defence system within non-plastic fraud
• Optimisation and monitoring performance of non-plastic fraud detection and prevention systems and associated models
• Configuring non-plastic fraud systems to manage fraud risk within appetite and budget
• Part of an innovative fraud analytics team that tune non-plastic fraud defences to prevent fraud, while balancing operational impact and genuine customer interventions
• Complete analytics to support the setting and on-going reporting and management of the non-plastic fraud loss budget
• Producing accurate and relevant non-plastic fraud MI required by governance committees and stakeholders
• Provide daily, weekly, monthly & quarterly fraud loss monitoring and reporting
• Conduct analysis to support maintenance, development and investment in fraud defence systems
• Support Fraud SME input on non-plastic fraud projects using analytics
• Provide input and impact analysis to fraud incident response
• Internal stakeholder engagement
• Support external engagement with third party suppliers, industry bodies and law enforcement

We need you to have:

• Extensive experience of successfully working within a fraud risk analytics function within UK Retail Banking
• Track record of completing analytics and tuning fraud defence systems to manage fraud loss within budget and appetite
• Knowledge of industry standard fraud systems such as Kappa
• Practical experience of using SAS or equivalent analytical tools to develop data driven solutions
• Knowledge of fraud risks, threats and landscape
• A love for data with strong MS Excel and PowerPoint skills
• Experience of building positive relationships with stakeholders.

Just to flag
Not sure you\'ve all the skills? That\'s okay - still apply as we value passion and potential so tell us why you\'d be great in your application.

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
• Market-leading pension and free private medical cover
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness
• Ability to work anywhere in the UK (where the role allows)

And there\'s no waiting around, you\'ll enjoy these benefits from day one.

Feeling insatiably curious about this role? Apply as soon as you can. 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.

Say hello to Virgin Money
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 strive to create positive experiences for our millions of customers and our purpose, \'Making You Happier About Money\', underpins everything we do. We believe in doing banking differently, innovating and working together to 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.

Advertised: 04 Sep 2023 GMT Daylight Time
Applications close: 12 Sep 2023 GMT Daylight Time

Virgin Money