Business Unit:COO, Fraud
Salary Range£60,000 - £75,000 DOE + red-hot benefits
Location: UK Remote – Occasional travel to hub
Contract Type:Permanent
Be the voice we need. Live a life more Virgin.
Our Team
It’s an exciting time for us as we grow our Fraud Analytics 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 system analytics, ownership, management and control. We’re seeking an inspiring and engaging Fraud Model Governance Lead who is insatiably curious and isn’t afraid to challenge the status quo.
What you’ll be doing
- Subject matter expert for models used across application, payment and transactional fraud prevention systems.
- Drive model development across Fraud channels and systems through use of model building technical skills and engagement with wider Data Science colleagues across VM where applicable.
- Generate insight and monitoring to provide oversight of fraud models to mitigate model risks.
- Agree and develop model performance monitoring indicators and thresholds to enable controls.
- Be the point of contact for the MRM & IMV within the fraud team to support model management throughout the model lifecycle.
- Where applicable liaise with vendors / model providers to facilitate effective model risk management.
- Provide model specific support to projects and initiatives within Fraud.
- Support the MRM & IMV with model identification and model tiering.
- Where appropriate escalate model breaches to relevant stakeholder groups.
We need you to have
- Previous experience managing fraud risk models.
- In depth knowledge of principals of model risk management set out by the PRA in SS1/23.
- Expert knowledge of advanced analytics techniques, including machine learning, anomaly detection, predictive modelling, and statistical analysis.
- Strong coding skills including SAS and Python.
- Excellent analytical and problem-solving abilities, with the capacity to make data-driven decisions.
- Excellent stakeholder management skills.
- Strong communication skills, able to translate complex statistical data into real world insight.
It’s a bonus if you have but not essential
- Knowledge of fraud systems and system optimisation.
- Knowledge of how models are used to detect and prevent fraud.
Red Hot Rewards
- Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more.
- Up to five extra paid well-being days per year.
- 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.
- Market-leading pension.
- Free private medical cover, income protection and life assurance.
- Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.
And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? 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 youLive a Life More Virgin, so happy to talk flexible working with you.
Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank. As a full-service digital bank with a heritage stretching back over 180 years, we`re a workforce to be reckoned with. We're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We're customer obsessed and work tirelessly to create positive experiences for our millions of customers and deliver on our purpose, ‘Making You Happier About Money.’ Our customer centric culture means that we're able to do banking differently and by innovating and working together we can make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.
Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities. We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.
As a Disability Confident Leader, we're committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team
Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.
If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.
