Fraud Operations Senior Analyst, Avant
Emerging Insights Banking
$60-90k
+ Annual Bonus
M, T, Th in-office
3+ days a week in office (Merchandise Mart, Chicago)
Personal credit FinTech
Be an early applicant
Personal credit FinTech
501-1000 employees
Be an early applicant
$60-90k
+ Annual Bonus
M, T, Th in-office
3+ days a week in office (Merchandise Mart, Chicago)
501-1000 employees
Company mission
To move financial lives forward.
Role
Who you are
- Banking Subject Matter Expert: You understand the nuances of the banking lifecycle—from application fraud to account takeover (ATO) to payment fraud and beyond
- The "Detective" Mindset: You are skilled at "following the money." You can connect disparate data points across systems to reveal a broader criminal strategy
- Compliance-Aware: You are intimately familiar with the regulatory landscape (Fair Lending, BSA/AML, Reg E, etc.) and understand that how we investigate is just as important as what we find
- Education: Bachelor’s degree in Finance, Criminal Justice, or a related field
- Experience: 2+ years of experience in Fraud Investigations, Financial Crimes, or a related role within a retail bank or a retail banking product
- Technical Skills: Proficiency in SQL is preferred. Any other technical skills are a plus
- We invite you to apply to our positions even if you do not meet 100% of the qualifications listed in the description. If you’re passionate about our mission and aligned to our values, we hope you’ll come contribute to our awesome culture
What the job involves
- Would you like to leverage your experience in banking fraud investigation to dismantle sophisticated fraud rings and identify vulnerabilities in our personal loan and credit card products? Join Avant’s Complex Fraud Investigation team in this senior fraud investigator role to lead the way in identifying new fraud patterns and level up the entire department’s investigation skills
- Fraud Ring Disruption: Lead deep-dive investigations into complex financial crimes, including synthetic identity rings, sophisticated "bust-out" schemes, and coordinated credit abuse
- Intelligence-Led Hunting: Use your expertise to respond to velocity monitoring alerts. You won’t just work a list; you will "pull the thread" to identify the source of the threat and work with Analytics to build systemic blocks
- Regulatory & Legal Excellence: Manage the highest-risk investigations involving organizational risk or sensitive regulatory inquiries. Ensure all findings are documented to the strictest standards
- Next-Gen Tooling: Serve as the primary subject matter expert (SME) for testing banking-specific fraud tools (e.g., identity orchestration, device profiling, and consortium data). You will partner with Business Intelligence to ensure we are extracting maximum ROI from our tech stack
- The "Feedback Loop": Translate complex fraud narratives into actionable requirements for our Data Science and Fraud Analytics teams. You will turn "investigator intuition" into hard logic for our automated decisioning engines
- Operational Architecture: Partner with the Process and Quality Lead to codify investigation standards, elevating the skill set of our broader operational teams
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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