Varo is an entirely new kind of bank. All digital, mission-driven, FDIC insured, and designed for the way our customers live their lives.

A bank for all of us.

About the Fraud Analytics Role:

Ideally, you are a fraud specialist and you are using SQL or other related fraud rules engines in the real world. Understanding and practically applying data analysis techniques as it relates to fraud detection and prevention.

You will help analyze the effectiveness of our day-to-day fraud policy and rules in our fraud systems, lead the design, development, and management of the new suggested improvements. Responsibilities include analyzing large amounts of account and transaction data to develop and improve processes, models, and rules while managing the customer experience. 

Often the fraud analytics role requires fast-paced, and time-sensitive turnaround, but can be a rewarding job helping fight cybercrime and card fraud daily. 

What you'll do

• Optimization of rules, scorecards, and systems focused on the detection and prevention of fraud across all products and fraud types (card and non-card) 
• Analysis of current and historic data (e.g. authorizations, write off data) to keep fraud systems efficient and improving fraud detection 
• Develop and maintain sources of financial crime intelligence for analysis/review, development of revised strategies and regularly review performance on key detection systems ( e.g. Falcon, Falcon Expert) 
• Change and manage rules within agreed parameters to optimize performance
• Act as a fraud data expert in the business 
• Ensuring analysis of data against industry benchmarks, understanding variance for any discrepancies
• Performs in-depth analysis and interpretation of fraud based threats impacting the bank by gathering and analyzing data, determining how the fraud was conducted, and provide recommendations to address the threat and mitigate losses 

Required skills, experiences, and traits

• Quantitative and analytical skills in fraud patterns 
• Falcon Expert experience, other fraud systems rules engine experience 
• Intellectual curiosity in solving fraud problems and ability to work in a fast-paced environment 




The 3 skills that matter most 

Nobody can be great at everything, but we’re looking for candidates who are extraordinary at: 

• Falcon Expert experience and other fraud rules engine experience 
• Understanding of different fraud types in banking 
• Understand the balance of fraud and the customer experience 

Other nice to haves

• SAS/SQL, big data tools experience
• Experience with working with other scoring systems and rules systems in authentication, identity, cyber 
• Good dashboarding skills 
• Good communication skills and passion to solve fraud problems 
• Associates or Bachelor Degree in related field 

About Varo

Varo launched in 2017 with the vision to bring the best of fintech into the regulated banking system. We’re a new kind of bank – all digital, mission-driven, FDIC-insured, and designed around the modern American consumer. 

As the first consumer fintech to be granted a national bank charter in 2020, we make financial inclusion and opportunity for all a reality by empowering everyone with the products, insights, and support they need to get ahead. Through our core product offerings and suite of customer-first features, we aim to address a broad range of consumer needs while profitably serving underserved communities that have been historically excluded from the traditional financial system.

We are growing quickly in our hub locations of San Francisco, Salt Lake City, and Charlotte along with colleagues located across the country. We have been recognized among Fast Company’s Most Innovative Companies, Forbes’ Fintech 50, and earned the No. 7 spot on Inc. 5000’s list of fastest-growing companies across the country.

Varo. A bank for all of us.

Our Core Values

- Customers First

- Take Ownership

- Respect

- Stay Curious

- Make it Better

Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

Learn more about Varo by following us:

Facebook - https://www.facebook.com/varomoney

Instagram - www.instagram.com/varobank

LinkedIn - https://www.linkedin.com/company/varobank

Twitter - https://twitter.com/varobank

Engineering Blog - https://medium.com/engineering-varo

SoundCloud - https://soundcloud.com/varobank

Beware of fraudulent job postings!

Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo. If you suspect you have received a phony offer, please e-mail [email protected] with the pertinent information and contact information.