Fraud Analyst, Secured Lending

🕒 August 6

🇺🇸 United States – Remote

💵 $115.8k - $160.1k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

🧐 Analyst

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

👻 Ghost score 1%

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Upstart

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

🚘 Automotive

💼 Consulting

🏥 Healthcare

Automotive • Consulting • Healthcare

Upstart is a leading AI lending marketplace partnering with banks and credit unions to expand access to affordable credit. The company focuses on revolutionizing lending and credit risk evaluation by leveraging its AI marketplace, which allows for higher approval rates and lower loss rates for Upstart-powered banks and credit unions. Recently, Upstart has expanded its offerings to include automobile refinancing. With a mission to enable effortless credit based on true risk, Upstart is also known for its digital-first lending experience and holds a significant position in the financial services sector.

📋 Description

• Own first-line fraud detection and investigation across assigned secured lending product lines • Investigate suspicious activity and fraud indicators across application, origination, and servicing • Investigate application, identity, income/employment, collateral, occupancy, valuation, loan stacking, and dealer-related fraud typologies • Prepare fraud escalation and SAR referral packages documenting facts, evidence, typology, and recommendations • Conduct early payment default fraud file reviews for loans reaching 60+ days past due within 90 days of origination • Monitor and analyze fraud trends across origination channels, dealers, geographies, synthetic identity patterns, and channel-level risk signals • Produce fraud metrics and trend reporting • Maintain Auto dealer fraud scorecards and channel-level fraud indicator tracking, including pattern-based referrals and dealer suspension triggers • Triage fraud-related alerts from the QC Engine and provide feedback to improve detection rules and origination controls • Coordinate with Operations, Compliance, Legal, and Risk on fraud controls, law enforcement information requests, and regulatory response support • Identify regulatory fraud risks and support compliance with applicable OCC, FFIEC, BSA/AML, Red Flags Rule, and product-specific requirements • Maintain audit-ready investigation records, typology documentation, and program evidence for examinations

🎯 Requirements

• 3+ years of experience in fraud investigation, fraud analytics, or financial crimes within consumer lending, banking, or a regulated financial institution • Bachelor's degree or equivalent practical experience • Experience investigating consumer lending fraud, including application, identity, income/employment, and collateral fraud • Experience preparing fraud investigation case documentation, evidence assemblies, typology analyses, and written escalation packages • Familiarity with SAR referral processes and 12 CFR 21.11 SAR thresholds and timelines • Working knowledge of BSA/AML requirements applicable to consumer lending, including CIP/CDD, OFAC screening, suspicious activity monitoring, and Red Flags Rule obligations • Working knowledge of OCC enterprise fraud risk management and FFIEC BSA/AML Manual requirements • Experience with fraud trend analysis, application fraud-rate monitoring, typology identification, and channel/geographic concentration analysis • Ability to manage workload, meet deadlines, and proactively communicate risk with minimal supervision • Strong cross-functional collaboration skills with Operations, Compliance, Legal, and Risk • Preferred: dealer-channel fraud investigation experience, including power booking, ghost down payments, straw purchases, VIN cloning, title washing, and F&I product abuse • Preferred: dealer-level fraud scorecards and monitoring or suspension workflows • Preferred: collateral fraud investigation in home equity lending • Preferred: CIP/CDD execution and fraud red flags in account draw activity and maintenance • Preferred: fraud indicators across income, identity, appraisal, and title documentation • Preferred: Certified Fraud Examiner (CFE) designation or progress toward certification • Preferred: fraud metrics reporting to management committees • Preferred: EPD review processes and OCC fraud loss classification requirements • Preferred: translating investigation findings into examination-ready documentation • Preferred: collaboration across fraud, compliance, legal, and quality control functions in fintech

🏖️ Benefits

• Competitive compensation, including base pay, bonus opportunities, and annual equity grants that vest quarterly • 401(k) or Group Retirement Savings Plan with a company match of $2 for every $1 contributed, up to $15,000 annually • Employee Stock Purchase Plan (ESPP) with discounted stock purchase options for eligible employees (US only) • Comprehensive health coverage, including medical, dental, vision, and wellness resources • Health Savings Account contributions from Upstart for eligible plans (US only) • Life insurance and disability coverage • Paid time off, sick leave, and company holidays • Paid family and parental leave • Family-centered benefits supporting fertility, parenthood, and caregiving • Employee Assistance Program (EAP) offering mental health support and life-centered resources • Financial planning tools and financial concierge service (US only) • Annual wellness allowance • Annual productivity allowance for relevant tools and resources • Team events, all-company updates, and employee resource groups (ERGs) • Onsite perks, including catered lunches and fully stocked micro-kitchens when working from an office