Senior Fraud & Financial Crime Analyst

The Role: The Senior Fraud & Financial Crime Analyst – Payments will support the development, optimisation, and ongoing performance management of fraud and financial crime controls for the new Virtual Credit Card (VCC) product. The role is responsible for producing high-quality performance insight, maintaining regulatory and scheme-compliant MI, and driving continuous optimisation of fraud decisioning, rules, and reporting.
This position plays a critical role in ensuring safe VCC launch and stable operational performance post-go-live supporting the Fraud Payments Strategy Manager.
Key Responsibilities:
Monitor and analyse fraud performance across channels, identifying trends, anomalies, and loss drivers
Produce and maintain fraud and AML MI, dashboards, and reporting packs for governance and SLT
Track fraud losses vs plan, supporting root-cause analysis and forecasting
Analyse AML alerts, typologies, and emerging risks; optimise monitoring rules and reduce false positives
Ensure sanctions/PEP screening effectiveness and support SAR investigations through transaction analytics
Own and deliver scheme and regulatory reporting (Visa, Mastercard, PSD2/SCA, FCA) with strong controls
Conduct transaction-level fraud analysis (e.g. BIN attacks, CNP spikes, merchant risk, wallet performance)
Develop and refine fraud rules, thresholds, and risk indicators for the VCC ecosystem
Optimise fraud controls through rule tuning, A/B testing, ML performance improvement, and scenario analysis
Support UAT, shadow testing, and validation of new fraud solutions ahead of launch
Maintain and prioritise a backlog of fraud control enhancements with evidence-based recommendations
Partner cross-functionally (Product, IT, Ops, Compliance, Schemes) to deliver fraud strategy and VCC readiness
Provide SME input into projects and support customer remediation, disputes, and complaints insight
Deliver first-line oversight of fraud controls, identifying gaps and driving corrective actions
Produce incident reporting and post-event analysis for material fraud events
Maintain robust documentation of processes, analytics, and rule/model changes
Strong analytical capability using SQL, Python, SAS or similar
Strong knowledge and experience in card payments data (authorisation, clearing, chargebacks)
Solid understanding of issuer fraud controls and card scheme reporting (e.g. SAFE, TC40, VFMP, EFM)
Familiarity with fraud decisioning platforms (e.g. Marqeta, Featurespace, FICO, Ravelin)
Proven experience in fraud analytics or payments/issuing (typically 3+ years) within an FCA-regulated environment
Good knowledge of payment types and risks (CNP, CP, tokenised and cross-border flows) and exposure to AML transaction monitoring
Strong problem-solving skills, with the ability to interpret complex data and identify actionable insights
Clear communicator, able to translate technical findings for non-technical stakeholders
High attention to detail, particularly in regulatory and scheme reporting contexts
Proactive and self-directed, with the ability to take ownership and drive continuous improvement
Collaborative approach, with experience working cross-functionally across product, operations and risk functions

Employment type
Full-time

Work arrangement
No