Risk Prevention Analyst

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🕒 August 5

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Velera

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

💼 Consulting

📣 Marketing

💳 Fintech

Consulting • Marketing • Fintech

Velera is a company that provides a wide range of solutions for financial institutions, focusing on payment and banking technology. The company offers services in digital card issuance, digital wallets, and provides a co-op pay network and ATM terminal driving. Velera integrates sophisticated scoring and decision-making tools for fraud prevention and identity authentication. It also offers strategic consulting services for growth and marketing. Velera positions itself as a partner in digital banking and financial technology innovation.

📋 Description

• Provide operational risk assessments using fraud mitigation tools, quantitative methods, and AI technology • Develop and implement fraud strategies using transaction data, machine learning models, and advanced analytics tools • Manage and optimize strategies addressing first-party and third-party fraud • Design, test, and evaluate risk and customer-experience trade-offs • Coordinate Risk Analytics team tasks, manage projects, ensure SLAs, and maintain output quality • Monitor client fraud trends and recommend internal procedure changes • Maintain relationships with internal stakeholders and external vendors • Advise internal contacts on sensitive issues, client procedures, and new product developments • Create and deliver BI reporting for senior leadership, boards, and examiners • Support designated clients through calls and emails • Identify and gather quality data sources; perform testing and exploratory data analysis • Integrate and transform disparate data sources and apply data hygiene techniques • Consult clients and staff on fraud detection and prevention matters • Write rules, build custom client solutions, and monitor fraud portfolios • Identify risk exposure, analyze portfolio performance, conduct root-cause analysis, and recommend mitigation measures • Consult clients on fraud goals, metrics, tools, and strategies to minimize risk and improve member experience • Collaborate with internal teams as client advocate for fraud and risk matters and special projects • Identify, measure, monitor, control, and report risks, including Information Security risks • Perform other duties as assigned

🎯 Requirements

• Bachelor’s degree in Business, Statistics, Mathematics, Computer Science, Engineering or Economics or related field, or combination of education and experience required • Five (5) years within the financial service industry required • Three (3) years professional experience in risk analytics, mitigating risk and/or fraud services required • Payments processing system knowledge preferred • Fraud Detection Work Center and/or FDR system experience required • Strong analytical and problem-solving skills • Deep experience working with fraud detection strategies, rules tuning, and fraud modeling • Strong proficiency with SQL • Ability to analyze large, complex datasets and derive actionable insights • Experience with fraud orchestration and decisioning tools (e.g., DefenseEdge, Falcon, Advance Defense, Fraud Navigator) preferred • Strong understanding of fraud metrics, forecasting methods, and false positive/true fraud tradeoffs • Ability to synthesize complex data into actionable insights • Ability to communicate technical subject matter clearly and succinctly to team members and financial institutions • Project management experience preferred • Regular and reliable attendance required • Some on-call work required • Availability for early/late hours and weekends may be required • This role is currently not eligible for sponsorship

🏖️ Benefits

• Competitive wages • Medical with telemedicine • Dental and Vision • Basic and Optional Life Insurance • Paid Time Off (PTO) • Maternity, Parental, Family Care • Community Volunteer Time Off • 12 Paid Holidays • Company Paid Disability Insurance • 401k (with employer match) • Health Savings Accounts (HSA) with company provided contributions • Flexible Spending Accounts (FSA) • Supplemental Insurance • Employee Assistance Program (EAP) • Tuition Reimbursement • Wellness program • Remote-first, flexible environment • Psychological safety, wellbeing and belonging • Flexible time off and healthy working norms