Senior Fraud & Financial Crime Analyst - Payments
The Senior Fraud & Financial Crime Analyst - Payments will support the development, optimisation, and ongoing performance management of fraud and financial crime controls for the new Virtual Credit Card (VCC) product. The role is responsible for producing high-quality performance insight, maintaining regulatory and scheme‑compliant MI, and driving continuous optimisation of fraud decisioning, rules, and reporting. This position plays a critical role in ensuring safe VCC launch and stable operational performance post‑go‑live supporting the Fraud Payments Strategy Manager.
Responsibilities
* Monitor and analyse fraud performance across channels, identifying trends, anomalies, and loss drivers
* Produce and maintain fraud and AML MI, dashboards, and reporting packs for governance and SLT
* Track fraud losses vs plan, supporting root‑cause analysis and forecasting
* Analyse AML alerts, typologies, and emerging risks; optimise monitoring rules and reduce false positives
* Ensure sanctions/PEP screening effectiveness and support SAR investigations through transaction analytics
* Own and deliver scheme and regulatory reporting (Visa, Mastercard, PSD2/SCA, FCA) with strong controls
* Conduct transaction‑level fraud analysis (e.g. BIN attacks, CNP spikes, merchant risk, wallet performance)
* Develop and refine fraud rules, thresholds, and risk indicators for the VCC ecosystem
* Optimise fraud controls through rule tuning, A/B testing, ML performance improvement, and scenario analysis
* Support UAT, shadow testing, and validation of new fraud solutions ahead of launch
* Maintain and prioritise a backlog of fraud control enhancements with evidence‑based recommendations
* Partner cross‑functionally (Product, IT, Ops, Compliance, Schemes) to deliver fraud strategy and VCC readiness
* Provide SME input into projects and support customer remediation, disputes, and complaints insight
* Deliver first‑line oversight of fraud controls, identifying gaps and driving corrective actions
* Produce incident reporting and post‑event analysis for material fraud events
* Maintain robust documentation of processes, analytics, and rule/model changes
Qualifications
* Strong analytical capability using SQL, Python, SAS or similar, with experience in card payments data (authorisation, clearing, chargebacks)
* Solid understanding of issuer fraud controls and card scheme reporting (e.g. SAFE, TC40, VFMP, EFM)
* Familiarity with fraud decisioning platforms (e.g. Marqeta, Featurespace, FICO, Ravelin)
* Proven experience in fraud analytics or payments/issuing (typically 3+ years) within an FCA‑regulated environment
* Good knowledge of payment types and risks (CNP, CP, tokenised and cross‑border flows) and exposure to AML transaction monitoring
* Strong problem‑solving skills, with the ability to interpret complex data and identify actionable insights
* Clear communicator, able to translate technical findings for non‑technical stakeholders
* High attention to detail, particularly in regulatory and scheme reporting contexts
* Proactive and self‑directed, with the ability to take ownership and drive continuous improvement
* Collaborative approach, with experience working cross‑functionally across product, operations and risk functions
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