ProsperPR

Fraud Risk Analyst (Senior levels open)

Prosper Marketplace is a fintech company that democratizes access to credit with innovative lending solutions, connecting borrowers with investors.

Prosper

Employee count: 201-500

Salary: 127k-158k USD

United States only

The Role

This candidate will join Prosper’s Credit Risk Management Department. The team leverages advanced analytics tools, cutting edge data and techniques to develop Fraud risk strategies that will govern Prosper’s overall fraud mitigation framework across first- and third-party fraud risk. As a Sr Analyst at Prosper you can apply advanced statistical techniques, algorithms, and industry tools to develop solutions that predict and prevent risk associated with Prosper Personal Loans and Credit Cards products. An ideal candidate should have strong hands-on analytical skills and a passion for solving problems in innovative and effective ways. The faster and more agile fraud strategies keep our marketplace competitive and ensure that we continue to deliver on our mission of advancing financial well-being.

Problems You Will Solve

  • Develop and implement Fraud strategies leveraging data, machine learning models and advanced analytics tools to mitigate fraud losses and maintain superior customer experience.
  • Manage and optimize existing strategies effectively controlling risks due to first party and third-party fraud.
  • Design A/B tests and understand the risk and customer experience trade-offs.
  • Lead the efforts to constantly iterate and improve existing strategies while identifying additional automation opportunities.
  • Continue to innovate by testing new data, analytics approaches and models.
  • Monitor and analyze portfolio performance at a granular segment level on an ongoing basis. Identify trends and conduct root-cause analysis to isolate key performance drivers.
  • Communicate findings and recommendations to the Risk Management and broader Prosper community.
  • Maintain fraud losses within the allocated annual budget.
  • Identify and evaluate new vendors / data sources and create business cases and present them to senior management.
  • Partner with Product, Marketing, Engineering and External Vendor teams to implement strategies and monitor the strategy performance.
  • Work with legal and compliance team to ensure strategies and policies comply with all the regulatory requirements.
  • Bring innovative/out of the box thinking to solve problems and make recommendations.
  • Conduct ad-hoc analysis related to risk management, product, operations.

About You

  • Sr. Analyst level: Bachelor's degree in Business, Statistics, Mathematics, Computer Science, Engineering or Economics and 5+ years relevant experience managing credit/ fraud risk OR a Master's degree in above areas with 3+ years relevant experience
  • Analyst level: Bachelor's degree in above areas with 2+ years relevant experience managing credit/ fraud risk OR a Master's degree in above areas with less experience
  • Experience managing credit risk and/or fraud and/or data science in consumer lending industry, consumer credit card experience is a plus.
  • Strong analytical and problem-solving skills.
  • Experience using models and Decision Trees to develop strategies.
  • Must have strong proficiency in SQL. Knowledge of R, Python, Tableau, and Knowledge Seeker will be a plus.
  • Fiserv and/or FICO fraud tool experience is a plus.
  • Strong communication skills – ability to communicate technical subject matter clearly and succinctly to other team members and Senior Management team.
  • Knowledge and experience of segmentation, statistical procedures, and financial analytic tools are required.
  • Curious to ask questions, probe into reasons and challenge the status quo.
  • Self-starter and comfortable dealing with ambiguity.
  • Strong ownership and motivation to drive business results.
  • Ability to work in a fast-paced environment and meet deadlines without sacrificing quality.

What We Offer

  • The opportunity to collaborate with a team of creative, fun, and driven colleagues on products that have an immediate and significant impact on people's lives
  • The opportunity to work in a fast-paced environment with experienced industry leaders
  • Flexible time off, comprehensive health coverage, competitive salary, paid parental leave
  • Wellness benefits including access to mental health resources, virtual HIIT and yoga workouts
  • A bevy of other perks including Udemy access, childcare assistance, pet insurance discounts, legal assistance, and additional discounts

About the job

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Posted on

Job type

Full Time

Experience level

Senior

Salary

Salary: 127k-158k USD

Location requirements

Hiring timezones

United States +/- 0 hours

About Prosper

Learn more about Prosper and their company culture.

View company profile

Founded in 2005, Prosper has been a leader in the financial technology landscape, pioneering the concept of peer-to-peer (P2P) lending in the United States. Our mission revolves around democratizing access to credit and enhancing financial well-being for all individuals. Since our inception, we’ve facilitated over $28 billion in loans to more than 2 million satisfied customers, showcasing our commitment to providing effective financial solutions.

At Prosper, we offer a diverse range of financial products, including personal loans, credit cards, home equity lines of credit (HELOCs), and investment opportunities in personal loans. Our platform is designed to connect responsible borrowers with investors seeking competitive returns, all while streamlining the lending process through advanced machine learning technologies. This innovative approach not only provides borrowers with personalized loan options but also empowers investors by diversifying their portfolios through the investment in consumer loans. Whether it's for debt consolidation, home improvement, or healthcare financing, Prosper aims to meet all facets of our customers' financial needs with simplicity and security.

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Prosper

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