Senior Fraud Data Analyst, SoFi
$99.2-186k
+ Bonus
Mobile & online personal finance services
Open for applications
Mobile & online personal finance services
1001+ employees
Open for applications
$99.2-186k
+ Bonus
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- We are searching for a passionate Senior Fraud Risk Analyst who is highly self-motivated, analytical, with a decent understanding on account level registration and account takeover fraud strategies
- BA/BS in Statistics, Information Systems, Mathematics, Data Science, or related fields, or equivalent work experience
- 3-8 years of work experience in Risk Analytics Fields, with exposure to account authentication (2FA, MFA, OTP) and/or risk-decisioning procedures
- Strong expertise in analyzing large datasets using SQL/Python and other statistical analysis packages to drive strategies to balance Member experiences and loss prevention
- Highly motivated Fraud Strategy background with ambition to drive change, eager to learn, and able to work collaboratively in a complex and fluid environment
What the job involves
- This role will work on fraud strategies at different stages during customer journey, implement rules focusing on entity level risks to help our platform to realize a safer, more transparent and secure environment
- This role will work collaboratively with various stakeholders to ensure strategy performances while maintaining a smooth customer experience
- The fraud prevention analyst will help SoFi develop better data driven fraud decisioning by:
- Utilize advanced SQL and Python skills to analyze complex datasets and develop robust fraud risk detection strategies
- Architect and maintain efficient data structures to support scalable fraud analytics and reporting frameworks
- Collaborate effectively with cross-functional stakeholders, translating technical insights into strategic business recommendations
- Apply foundational statistical concepts, including false positive rate analysis, to optimize fraud detection accuracy
- Analyze various types of signals such as login level, entity level data to enhance risk modeling and identify fraudulent activity patterns
- Demonstrate strong ownership and project management capabilities to deliver precise, timely, and impactful results
Our take
SoFi started by offering ways for students to secure better financial terms on their loans, and now offers a huge range of personal finance products, including bank accounts, loans, mortgages, investment advice, and investment opportunities. Many customers find they have to go to multiple financial service providers to meet all their finance needs, but SoFi overcomes this issue by putting it all in one place.
Its goal, to cover all the financial bases, sets them apart from many of the traditional banks and even some of their digital competitors, such as Avant, which has chosen to focus on providing credit alternatives. Although it is operating in a competitive market with a lot of big players such as Monzo, Revolut, and Starling, the company has managed to raise huge amounts of funding to support its rapid expansion.
SoFi has focussed on global expansion, moving outside the US, and has made a series of acquisitions to support this - including a Hong Kong-based investment app called 8 Securities. After going public on the New York Stock Exchange via a SPAC merger in June 2021, the company has continued to evolve and release more mission-oriented services into its roster, and strengthened its lending capabilities through a $350 million post-IPO loan. To date, the company has sold over $15 billion in personal loan collateral and continues to strengthen its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
7% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Jan 2021
$369.9m
LATE VC
May 2019
$500m
GROWTH EQUITY VC
Total funding: $2.7bn
Company benefits
- Comprehensive health, vision, dental, life insurance, and disability benefits
- Generous vacation and holidays
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning
- Tuition reimbursement on approved programs, up to $5,250 per year
- Monthly contribution up to $200 to help you pay off your student loans
- Great health & well-being benefits including: telehealth parental support, subsidized gym program
- Flexible time off
- Fertility and family planning options
- Free financial classes
Company HQ
The East Cut, San Francisco, CA
Leadership
Anthony Noto
(CEO)Graduated from the U.S. Military Academy after being a telecommunications officer and captain in the U.S. Army. Has worked as Head of Gobal Telecommunications, Media and Technology at Goldman Sachs, been the COO of Twitter, and also the CFO of the National Football League.
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