Fraud Analyst

About the role

The Payments Risk Management Team at Weave is seeking a Fraud Analyst to join their team. This role is critical in safeguarding the business from financial losses due to fraudulent activity.

Responsibilities

• Analyze high-value transactions for potential fraud, identifying red flags and escalating suspicious activity.
• Conduct comprehensive investigations into fraudulent and high-risk transactions, using analytical skills to uncover patterns and identify the root cause.
• Collaborate with internal teams and merchants to resolve fraudulent cases effectively.
• Proactively monitor merchant accounts for anomalous, suspicious, and prohibited behavior, including transaction pattern changes.
• Partner with the Risk Management team to develop and implement a risk assessment framework to evaluate merchant activity and identify potential fraud risks.
• Take the lead in building and optimizing fraud management tools and processes, researching new technologies and strategies to enhance fraud detection capabilities.

Requirements

• 3-5 years of experience in financial investigations, payment fraud analysis, or a closely related field.
• Strong analytical skills with the ability to identify patterns, trends, and anomalies in financial data.
• Demonstrated problem-solving expertise, with a talent for investigating complex financial issues and formulating effective solutions.
• Meticulous attention to detail to ensure accurate analysis and identification of suspicious activity.
• Excellent written and verbal communication skills to present complex financial information to both technical and non-technical audiences.
• Proficiency with technology, including SQL, report creation in Snowflake and Sigma, and a willingness to learn new fraud detection and investigation tools.
• A strong sense of initiative and proactiveness, with the ability to identify areas for improvement and propose innovative solutions.

Qualifications

• Passionate about safeguarding financial systems.
• Experience creating and running data queries.
• Experience with Stripe.

Skills

• Data analysis and pattern recognition.
• Problem-solving and investigative skills.
• Effective communication and collaboration.
• Technology proficiency, particularly in SQL and reporting tools.
• Ability to adapt to evolving fraud trends and technologies.

Benefits

At Weave, we offer a competitive benefits package that includes:

• Health insurance options.
• Paid time off.
• Flexible work arrangements.
• Professional development opportunities.

Pay

Compensation is commensurate with experience.

Schedule

This role is hybrid based out of our Lehi, UT HQ.

Benefits

We offer a comprehensive benefits package, including health insurance options, paid time off, flexible work arrangements, and professional development opportunities.

Employment

Employment with Weave is contingent upon the successful completion of a background check, conducted in accordance with applicable laws.