Senior Associate of Fraud Analytics, Avant
$95-140k
This role is eligible for additional incentives, including an annual bonus
More information about location
3 days a week in office
Personal credit FinTech
Job no longer available
Personal credit FinTech
501-1000 employees
Job no longer available
$95-140k
This role is eligible for additional incentives, including an annual bonus
More information about location
3 days a week in office
501-1000 employees
Company mission
To move financial lives forward.
Role
Who you are
- Bachelor's Degree in Technology, Statistics, Business Analytics, related field (Master's Or PHD preferred), or comparable experience
- 5+ years of analytical experience in the consumer finance industry(Identity or Transactional fraud experience preferred)
- 5+ years of experience leveraging data tools such as SQL, R, Python
- 5+ years of experience conducting data analytics in a lending/banking organization
- Ability to translate analysis results into clearly defined and implementable strategies/rules
- Strong quantitative and problem-solving skills with key attention to detail
- High level of inquisitiveness, initiative, and critical thinking
- Ability to independently manage small to medium projects and provide support for larger projects, ensuring implementation and team collaboration
- Proven ability to effectively communicate with all levels of staff and management
- Prior experience in statistics and machine learning modeling techniques through coursework or professional experience
- Demonstrates sound judgment in selecting solutions and methods
- Proven ability to communicate findings clearly to both technical and non-technical audiences
What the job involves
- Avant is looking for knowledgeable fraud professionals to join our Fraud Operations team in Chicago
- This position is critical in supporting real-time escalations of accounts within Avant's alerting, offline analysis of emerging threat vectors, and communication of investigation details, including opportunities to improve our current customer authentication and escalation policy to key business leaders' key stakeholders
- Develop and implement fraud rules using analytical methods like segmentation, predictive models, hypothesis testing, etc
- Use visualization tools like looker to build dashboards and monitor key performance indicators
- Develop and implement ad hoc unsupervised learning models—including clustering algorithms (such as K-means)—to identify anomalous patterns and segment data for in-depth analysis in large, complex datasets
- Use data to understand new ways of finding impactful insights from limited data sets and develop recommendations
- Assist with data wrangling and automation of data pipelines for real time alerting and performance monitoring
- Own and run key processes to reduce fraud losses
- Analyze data, create models/strategies, and recommend solutions for the latest fraud trends
- Work with stakeholders throughout the company to identify opportunities for leveraging company data and third-party vendor data to drive business solutions
- Work with the team to measure impact and make updates to the model/strategies and services as needed
- Communicate results, explain behavior of models/strategies, and set appropriate expectations with stakeholders
- Strategize on building models and assist with deployments into production
- Doing ad-hoc analysis and presenting results in a clear manner to Sr. Management
Our take
Many Americans with below average credit scores are caught in a bind: they're unable to improve their score, and simultaneously cannot access traditional loans. Avant's alternative is to offer credit options that are powered by machine learning and based upon a large database that helps to manage risk.
For its users, the company offers a quick credit decision and speedy access to any allotted funds. It has issued over $8 billion in loans to date, and has also expanded its business through the acquisitions of ReadyForZero in 2015 and Zero Financial in 2021.
This expansion has enabled Avant to reach towards its goal of offering a whole suite of products in a single platform, such as loans, credit cards, and deposits. Although there are many FinTechs looking at ways to remove the barriers that people with low credit scores face when trying to take out loans, this expansion to banking products should help Avant to stand out.
Steph
Company Specialist at Welcome to the Jungle
Insights
-3% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Dec 2022
$125m
GROWTH EQUITY VC
Sep 2015
$325m
SERIES E
Total funding: $779m
Company benefits
- Choice of great medical, dental, and vision insurance plan options
- 401(k) Match
- Unlimited paid time off
- Flexible work environment
- Generous paid parental leave
- Lunch allowance (Fooda) and in-office snacks
- WFH stipends for our remote employees
- Access to LinkedIn Learning for professional development
- No meeting wednesdays - (a.k.a. planned time to Get Sh!t Done)
- Summer fridays
- Fun in-office and virtual social events
- (And who doesn’t love the swag)
Company HQ
River North, Chicago, IL
Leadership
Al Goldstein
(Co-Founder, Chair & CEO)They worked for a year at Deutsche Bank before founding Pangea Properties in 2008, and Avant in 2013. They have been Chair since, alongside founding Amount, Spring Labs, and StoicLane.
Paul Zhang
(Co-Founder & CIO)Having studied at the University of Illinois, they spent a year as a Software Engineer at CashNetUSA and Enova Financial. They founded Debteye in 2011, before starting Avant in 2013, serving first as CTO then Chief Architect, CTO again and finally CIO.
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