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Fraud Strategy Analyst

Apply now Job no: 693005
Work type: Permanent Full Time
Location: Remote - work from anywhere within the UK
Categories: Analyst

Business Unit: Consumer Lending, Credit and Fraud
Location: Flexible
Salary Range: £31,600 -£39,000 (depending on experience)
Contract Type: Permanent

Join Virgin Money as we transform our team into one that is ready to meet the challenges of the future, setting us up to support our ambition to disrupt the status quo and turn traditional banking on its head. We’re on the lookout for like-minded individuals and innovators to help drive our strategy forward. We’re also transforming how we work, offering our colleagues more choice, control and flexibility to live and work how they choose with A Life More Virgin.

In a nutshell, the role holder will be responsible for undertaking fraud analytics to optimise non-plastic fraud defence systems, to ensure that fraud risk is within appetite, losses within budget and operational and genuine customer impacts are balanced as directed by the senior fraud analyst / Fraud Analytics Manager. 

Here’s 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 as directed 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,
  • Providing 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 as directed
  • Internal stakeholder engagement
  • Support external engagement with third party suppliers, industry bodies and law enforcement as required

To be successful you’ll need to bring

  • 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, PRM
  • Practical experience of using SAS or equivalent analytical tools to develop data driven solutions
  • Knowledge of fraud risks, threats and landscape
  • The ability to challenge effectively

RED HOT Rewards

  • 38.5 days annual leave for all colleagues (including bank holidays and pro rata if part-time)​
  • Five extra paid well-being days per year​
  • A 35 hour working week
  • 20 weeks paid, gender neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
  • Market leading Pension
  • Private Medical Insurance
  • Flexible benefits including Cycle to Work, Wellness & Health Assessments and Critical Illness
  • A digital-first colleague experience
  • Ability to work anywhere in the UK​ (where the role allows)

And the great news is, all these benefits are available to colleagues from day one!

Inclusion at Virgin Money

Inclusion is at the heart of everything we do here at Virgin Money. It’s good for you, it’s good for us and it’s amazing for our customers. We know that great minds don’t think alike, so we rely on your diverse thoughts, feelings, beliefs and backgrounds to be the best we can possibly be. Got any questions about this or need some support with your application? We’d love to hear from you so get in touch with our careers team at

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 will need to you to confirm you have the Right to Work in the UK.

If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing 3 years' worth of satisfactory references.


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Applications close: GMT Standard Time

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