Fraud Model Governance Lead

Business Unit: Chief Operating Office

💰: £44,800 - £67,200 per annum DOE + Red hot benefits 🎁

📍: UK Remote with occasional travel required to a hub

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😎

• 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.
• Subject matter expert for fraud models.
• Provide model specific support to projects and initiatives within Fraud.
• Support the MRM & IMV with model identification and model tiering.
• Generate insight and monitoring to provide oversight of fraud models to mitigate model risks.
• Agree model performance indicators and thresholds to enable controls.
• Where appropriate escalate model breaches to relevant stakeholder groups.

We need you to have🌟

• Previous experience managing fraud risk models
• Excellent analytical and problem-solving abilities, with the capacity to make data-driven decisions
• 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.
• 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 you Live a Life More Virgin, so happy to talk flexible working with you🤝.

🕕Applications Close: 13 Dec 2024 (11.55pm GMT)