Published on

Jul 5, 2024

Published on

Jul 5, 2024

Published on

Jul 5, 2024

Published on

Jul 5, 2024

Money Mule Fraud Strategy Senior Analyst

Money Mule Fraud Strategy Senior Analyst

Money Mule Fraud Strategy Senior Analyst

Money Mule Fraud Strategy Senior Analyst

Full-time

/

United Kingdom

/

Remote

Full-time

/

United Kingdom

/

Remote

Full-time

/

United Kingdom

/

Remote

Full-time

/

United Kingdom

/

Remote

About the job

Business Unit: Chief Operating Office - Fraud💰: £38,400 - £48,000 per annum DOE + red-hot benefits📍: Remote - work from anywhere within the UK
Don’t settle for dull. Live a life more Virgin
Our Team❤It’s an exciting time for us as we grow our Economic Crime (PROTECT) team who have a critical role to play, keeping us and our customers safe. They are our first line of defence function and responsible for day-to-day fraud and financial crime risk identification, ownership, management and control.
We’re seeking an inspiring and engaging Money Mule Senior Strategy Analyst who is insatiably curious and isn’t afraid to challenge the status quo. You’ll be responsible for developing the ‘Money Mule’ prevention strategy focusing on the bank’s vulnerability in providing accounts to mules that help launder the proceeds of fraud and money laundering.
This role will support delivery of the Bank’s strategy in delivering analysis that informs rule changes and development in our primary payment detection systems, while also developing acquisition strategy rules to prevent money mules from onboarding. This will involve the analysis of data on detected mules and consuming intelligence from industry forums and intelligence providers. The role will also lead the network analytics that connects the dots across accounts and products to help identify linked mule accounts before they start transacting and causing losses to Virgin Money.
🔑What you’ll be doingDevelop rules within the in-house plastic, digital payment, and acquisition fraud detection systems to combat mule fraud, using techniques such as historical data analysis of patterns and behaviours; link analysis; and anomaly detection.Optimise and monitor performance of money mule detection and prevention systems and associated models, working between the operational teams and Fraud StrategyPartner with the Fraud Analytics team whom are experts in the Bank’s primary detection systems.Feed data into relevant MI required by governance committees and stakeholders relevant to Money Mule activity.Support network analytics and link analysis before the money mules start to transact across our accounts.Work collaboratively with relevant stakeholders to prevent Virgin Money being used for mule accounts, stopping money going into the hands of fraudsters and money launderersEnsure that operational and genuine customer impacts are balanced against fraud risk and lossesSupport the development of the First Party Credit Abuse strategyContinuously develop an excellent level analytics and money mule knowledge to support the key role requirement
We need you to have🌟 Strong experience in a Fraud Strategy or Fraud Analytics function within UK Retail BankingPractical experience of using SAS, SQL or equivalent analytical tools to develop data driven solutionsProven record of fraud systems strategy optimisationExperience of developing and implementing successful fraud prevention strategies and initiatives to prevent Money Mule activity within financial servicesKnowledge and understanding of Money Mule risk and industry trends within financial services to identify risks that may impact our organisationStrong analytical and problem-solving skills, with the ability to interpret complex data and identify actionable insightsExcellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teamsAbility to articulate complex analytical concepts to non-technical stakeholders
It’s a bonus if you have but not essential🧁Experience of developing and implementing successful fraud prevention strategies and initiatives to prevent Money Mule activity within financial servicesAwareness of external regulatory changes that have the ability to impact Money Mule risk
Red Hot Rewards Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy moreUp to five extra paid well-being days per year20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adoptMarket-leading pensionFree private medical cover, income protection and life assuranceFlexible benefits include Cycle to Work, wellness and health assessments, and critical illnessAbility to work anywhere in the UK (where the role allows)
And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? Apply as soon as you can. If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
Applications Close: 8 Jul 2024

About the job

Business Unit: Chief Operating Office - Fraud💰: £38,400 - £48,000 per annum DOE + red-hot benefits📍: Remote - work from anywhere within the UK
Don’t settle for dull. Live a life more Virgin
Our Team❤It’s an exciting time for us as we grow our Economic Crime (PROTECT) team who have a critical role to play, keeping us and our customers safe. They are our first line of defence function and responsible for day-to-day fraud and financial crime risk identification, ownership, management and control.
We’re seeking an inspiring and engaging Money Mule Senior Strategy Analyst who is insatiably curious and isn’t afraid to challenge the status quo. You’ll be responsible for developing the ‘Money Mule’ prevention strategy focusing on the bank’s vulnerability in providing accounts to mules that help launder the proceeds of fraud and money laundering.
This role will support delivery of the Bank’s strategy in delivering analysis that informs rule changes and development in our primary payment detection systems, while also developing acquisition strategy rules to prevent money mules from onboarding. This will involve the analysis of data on detected mules and consuming intelligence from industry forums and intelligence providers. The role will also lead the network analytics that connects the dots across accounts and products to help identify linked mule accounts before they start transacting and causing losses to Virgin Money.
🔑What you’ll be doingDevelop rules within the in-house plastic, digital payment, and acquisition fraud detection systems to combat mule fraud, using techniques such as historical data analysis of patterns and behaviours; link analysis; and anomaly detection.Optimise and monitor performance of money mule detection and prevention systems and associated models, working between the operational teams and Fraud StrategyPartner with the Fraud Analytics team whom are experts in the Bank’s primary detection systems.Feed data into relevant MI required by governance committees and stakeholders relevant to Money Mule activity.Support network analytics and link analysis before the money mules start to transact across our accounts.Work collaboratively with relevant stakeholders to prevent Virgin Money being used for mule accounts, stopping money going into the hands of fraudsters and money launderersEnsure that operational and genuine customer impacts are balanced against fraud risk and lossesSupport the development of the First Party Credit Abuse strategyContinuously develop an excellent level analytics and money mule knowledge to support the key role requirement
We need you to have🌟 Strong experience in a Fraud Strategy or Fraud Analytics function within UK Retail BankingPractical experience of using SAS, SQL or equivalent analytical tools to develop data driven solutionsProven record of fraud systems strategy optimisationExperience of developing and implementing successful fraud prevention strategies and initiatives to prevent Money Mule activity within financial servicesKnowledge and understanding of Money Mule risk and industry trends within financial services to identify risks that may impact our organisationStrong analytical and problem-solving skills, with the ability to interpret complex data and identify actionable insightsExcellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teamsAbility to articulate complex analytical concepts to non-technical stakeholders
It’s a bonus if you have but not essential🧁Experience of developing and implementing successful fraud prevention strategies and initiatives to prevent Money Mule activity within financial servicesAwareness of external regulatory changes that have the ability to impact Money Mule risk
Red Hot Rewards Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy moreUp to five extra paid well-being days per year20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adoptMarket-leading pensionFree private medical cover, income protection and life assuranceFlexible benefits include Cycle to Work, wellness and health assessments, and critical illnessAbility to work anywhere in the UK (where the role allows)
And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? Apply as soon as you can. If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
Applications Close: 8 Jul 2024

About the job

Business Unit: Chief Operating Office - Fraud💰: £38,400 - £48,000 per annum DOE + red-hot benefits📍: Remote - work from anywhere within the UK
Don’t settle for dull. Live a life more Virgin
Our Team❤It’s an exciting time for us as we grow our Economic Crime (PROTECT) team who have a critical role to play, keeping us and our customers safe. They are our first line of defence function and responsible for day-to-day fraud and financial crime risk identification, ownership, management and control.
We’re seeking an inspiring and engaging Money Mule Senior Strategy Analyst who is insatiably curious and isn’t afraid to challenge the status quo. You’ll be responsible for developing the ‘Money Mule’ prevention strategy focusing on the bank’s vulnerability in providing accounts to mules that help launder the proceeds of fraud and money laundering.
This role will support delivery of the Bank’s strategy in delivering analysis that informs rule changes and development in our primary payment detection systems, while also developing acquisition strategy rules to prevent money mules from onboarding. This will involve the analysis of data on detected mules and consuming intelligence from industry forums and intelligence providers. The role will also lead the network analytics that connects the dots across accounts and products to help identify linked mule accounts before they start transacting and causing losses to Virgin Money.
🔑What you’ll be doingDevelop rules within the in-house plastic, digital payment, and acquisition fraud detection systems to combat mule fraud, using techniques such as historical data analysis of patterns and behaviours; link analysis; and anomaly detection.Optimise and monitor performance of money mule detection and prevention systems and associated models, working between the operational teams and Fraud StrategyPartner with the Fraud Analytics team whom are experts in the Bank’s primary detection systems.Feed data into relevant MI required by governance committees and stakeholders relevant to Money Mule activity.Support network analytics and link analysis before the money mules start to transact across our accounts.Work collaboratively with relevant stakeholders to prevent Virgin Money being used for mule accounts, stopping money going into the hands of fraudsters and money launderersEnsure that operational and genuine customer impacts are balanced against fraud risk and lossesSupport the development of the First Party Credit Abuse strategyContinuously develop an excellent level analytics and money mule knowledge to support the key role requirement
We need you to have🌟 Strong experience in a Fraud Strategy or Fraud Analytics function within UK Retail BankingPractical experience of using SAS, SQL or equivalent analytical tools to develop data driven solutionsProven record of fraud systems strategy optimisationExperience of developing and implementing successful fraud prevention strategies and initiatives to prevent Money Mule activity within financial servicesKnowledge and understanding of Money Mule risk and industry trends within financial services to identify risks that may impact our organisationStrong analytical and problem-solving skills, with the ability to interpret complex data and identify actionable insightsExcellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teamsAbility to articulate complex analytical concepts to non-technical stakeholders
It’s a bonus if you have but not essential🧁Experience of developing and implementing successful fraud prevention strategies and initiatives to prevent Money Mule activity within financial servicesAwareness of external regulatory changes that have the ability to impact Money Mule risk
Red Hot Rewards Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy moreUp to five extra paid well-being days per year20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adoptMarket-leading pensionFree private medical cover, income protection and life assuranceFlexible benefits include Cycle to Work, wellness and health assessments, and critical illnessAbility to work anywhere in the UK (where the role allows)
And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? Apply as soon as you can. If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
Applications Close: 8 Jul 2024

About the job

Business Unit: Chief Operating Office - Fraud💰: £38,400 - £48,000 per annum DOE + red-hot benefits📍: Remote - work from anywhere within the UK
Don’t settle for dull. Live a life more Virgin
Our Team❤It’s an exciting time for us as we grow our Economic Crime (PROTECT) team who have a critical role to play, keeping us and our customers safe. They are our first line of defence function and responsible for day-to-day fraud and financial crime risk identification, ownership, management and control.
We’re seeking an inspiring and engaging Money Mule Senior Strategy Analyst who is insatiably curious and isn’t afraid to challenge the status quo. You’ll be responsible for developing the ‘Money Mule’ prevention strategy focusing on the bank’s vulnerability in providing accounts to mules that help launder the proceeds of fraud and money laundering.
This role will support delivery of the Bank’s strategy in delivering analysis that informs rule changes and development in our primary payment detection systems, while also developing acquisition strategy rules to prevent money mules from onboarding. This will involve the analysis of data on detected mules and consuming intelligence from industry forums and intelligence providers. The role will also lead the network analytics that connects the dots across accounts and products to help identify linked mule accounts before they start transacting and causing losses to Virgin Money.
🔑What you’ll be doingDevelop rules within the in-house plastic, digital payment, and acquisition fraud detection systems to combat mule fraud, using techniques such as historical data analysis of patterns and behaviours; link analysis; and anomaly detection.Optimise and monitor performance of money mule detection and prevention systems and associated models, working between the operational teams and Fraud StrategyPartner with the Fraud Analytics team whom are experts in the Bank’s primary detection systems.Feed data into relevant MI required by governance committees and stakeholders relevant to Money Mule activity.Support network analytics and link analysis before the money mules start to transact across our accounts.Work collaboratively with relevant stakeholders to prevent Virgin Money being used for mule accounts, stopping money going into the hands of fraudsters and money launderersEnsure that operational and genuine customer impacts are balanced against fraud risk and lossesSupport the development of the First Party Credit Abuse strategyContinuously develop an excellent level analytics and money mule knowledge to support the key role requirement
We need you to have🌟 Strong experience in a Fraud Strategy or Fraud Analytics function within UK Retail BankingPractical experience of using SAS, SQL or equivalent analytical tools to develop data driven solutionsProven record of fraud systems strategy optimisationExperience of developing and implementing successful fraud prevention strategies and initiatives to prevent Money Mule activity within financial servicesKnowledge and understanding of Money Mule risk and industry trends within financial services to identify risks that may impact our organisationStrong analytical and problem-solving skills, with the ability to interpret complex data and identify actionable insightsExcellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teamsAbility to articulate complex analytical concepts to non-technical stakeholders
It’s a bonus if you have but not essential🧁Experience of developing and implementing successful fraud prevention strategies and initiatives to prevent Money Mule activity within financial servicesAwareness of external regulatory changes that have the ability to impact Money Mule risk
Red Hot Rewards Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy moreUp to five extra paid well-being days per year20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adoptMarket-leading pensionFree private medical cover, income protection and life assuranceFlexible benefits include Cycle to Work, wellness and health assessments, and critical illnessAbility to work anywhere in the UK (where the role allows)
And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? Apply as soon as you can. If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
Applications Close: 8 Jul 2024

Virgin Money

United Kingdom

Visit Company Website

Virgin Money

United Kingdom

Visit Company Website

Virgin Money

United Kingdom

Visit Company Website

Virgin Money

United Kingdom

Visit Company Website

About Company

A proud member of the Virgin Group, we strive to create positive experiences for our millions of customers. Our purpose, Making You Happier About Money, guides the way we do business every day and is the (Virgin) red thread that weaves throughout every decision we make.And we're all-in on it, from our values and behaviours to the products we offer and the experiences we create. We offer market-leading products and services to meet the full range of our 6.6m customers' retail and business banking needs via our leading technology platform, telephone banking and a national network of innovative stores and business banking centres.We're looking to the future – digitising our processes and revolutionising our services. We believe in doing banking differently, coming up with big ideas and working together. We all live our best lives when we can be ourselves, do incredible things, see the possibilities, and feel fired up.Live to make a difference. Live a life that suits you. Live a life more Virgin.

Total Employees

4,674

Company 2-Year Growth

0%

Median Employee Tenure

4.7 years

Because no one goes to school
for fighting fraud.