Fraud Associate Jobs in Lisle, IL (NOW HIRING)

Avant is looking for knowledgeable fraud professionals to join our Fraud Analytics team in Chicago. This position is critical in utilizing data to identify fraud trends, developing and deploying strategies to fight against fraud attacks across all channels of credit card transactions, and managing the performance of fraud strategies to meet the company KPIs.

What you do at Avant:

• Develop and implement fraud rules using analytical methods like segmentation, predictive models, hypothesis testing, etc.

• Use visualization tools like Databricks 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

Why you're a fit:

• 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

This role is based on our downtown Chicago Office, located in the Merchandise Mart. We highly value collaboration and our hybrid schedule (M, T, Th in-office) enables flexibility to balance work and individual priorities.

Compensation Range:

The base salary range for this job is USD $100,000 - USD $130,000/ Year

Employees new to Avant typically come in below the midpoint of the pay range. The compensation range is based on the level outlined in the job posting, and compensation decisions are dependent on each applicant's experience, skills and abilities.

[If an outstanding applicant's experience and skill level is above or below the qualifications outlined in the job posting, we reserve the right to make an offer at a different level than the one listed in this job posting, which may have a different compensation range.]

This role is eligible for additional incentives, including an annual bonus. These rewards are allocated based on level, impact and performance in the role.

Our benefits include:

• Choice of great Medical, Dental, and Vision Insurance Plan options

• 401(k) match

• Flexible Time Off

• Flexible Work Environment - (i.e. Mon/Tues/Thurs in-person)

• Generous Paid Parental Leave, Adoption Assistance and Post-parental leave ramp-up program

• Lunch Allowance (Fooda) and In-office Snacks

• Summer Fridays

• Fun In-Office and Virtual Social Events

• And who doesn't love the swag

Check out our Avant Blog!

We believe that a diverse set of backgrounds and experiences helps us create the most innovative solutions for our customers. 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.

Why Avant is the place for you:

At Avant, we believe our values make a difference:

Authenticity. We show up to work as our whole selves and make sure others can too.

Collaboration. We can only succeed when we do so as a team.

Problem-Solving. The harder the problem, the more satisfying the solution.

Customer. We are all owners of the customer experience.

Initiative. Plan. Adapt. Get Sh!t Done.

We believe that great ideas come from anyone and anywhere, that everyone is an owner who drives change, and that we have more fun when we work together. We're problem solvers who love collaborating with intelligent and highly-motivated people to reshape the face of digital banking. Avant offers terrific perks and benefits, fun social events with employees who actually like hanging out together, and a flexible growth environment where trying your hand at new projects and being the active owner of your career path is encouraged and supported.

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