Fraud Model Analyst

The role:

We are looking for a Fraud Model Analyst to join our Fraud Model Development team with a focus on governance oversight and lifecycle management of third-party (vendor) fraud models. This role will be responsible for ensuring vendor models are compliant well-documented and effectively monitored within SoFi’s fraud ecosystem.

This individual will partner closely with Model Risk Management (MRM) Legal Compliance Fraud Strategy and external vendors to support onboarding validation and ongoing monitoring of vendor models. The role will also contribute to improving fraud decisioning by combining insights from vendor models with internally developed models and strategies.

The ideal candidate has a strong analytical mindset is comfortable working with data and can effectively collaborate across technical business and risk/compliance stakeholders.

By joining SoFi you'll become part of a forward-thinking company that is transforming financial services for the better. We offer the excitement of a rapidly growing startup with the stability of an industry leading leadership team.

What you’ll do:

The Fraud Model Analyst will help SoFi scale and govern vendor fraud models by:

• Managing the end-to-end lifecycle of vendor fraud models including onboarding documentation monitoring and periodic reviews

• Partnering with Model Risk Management (MRM) Legal and Compliance teams to ensure adherence to governance and regulatory requirements

• Coordinating with external vendors to obtain model documentation technical details and performance insights

• Analyzing model performance metrics (e.g. fraud capture false positive rates drift) and identifying risks or improvement opportunities

• Investigating model behavior and data issues using SQL and internal datasets to support root cause analysis

• Supporting fraud model development initiatives by contributing to feature analysis performance benchmarking and strategy design

• Collaborating with Fraud Strategy Data Science and Engineering teams to integrate vendor models into fraud decisioning frameworks

• Preparing and maintaining model documentation validation materials and audit responses

• Supporting ongoing monitoring and reporting of vendor model performance including identifying degradation and recommending actions

• Acting as a bridge between Data Science Engineering Fraud Strategy and Risk/Compliance teams to ensure alignment

• Managing multiple models and timelines ensuring timely delivery of governance and reporting requirements 

What you’ll need:

• 3–5 years of experience in fraud risk analytics model governance or related roles

• Bachelor’s degree in a quantitative field (e.g. Statistics Mathematics Economics Engineering Computer Science) or equivalent experience

• Working knowledge of Model Risk Management (MRM) frameworks and model governance processes

• Strong analytical skills with experience evaluating model performance and identifying issues

• Proficiency in SQL and Python for data analysis and investigation

• Experience working with fraud model performance metrics (e.g. fraud capture rate false positive rate precision/recall AUC drift monitoring)

• Familiarity with data science workflows and ability to work with datasets to support model analysis and validation

• Experience working with cross-functional stakeholders and external partners/vendors

• Strong documentation skills including experience preparing model documentation monitoring reports or audit responses

• Clear communication skills with the ability to translate technical concepts into business and compliance context

• Strong organizational and program management skills with the ability to manage multiple priorities

Nice to have:

• Experience working with fraud models or contributing to fraud model development

• Familiarity with machine learning concepts and ability to interpret model outputs and performance tradeoffs

• Prior experience working with vendor models (e.g. identity device or fraud risk vendors)

• Exposure to regulatory/compliance environments in financial services

• Experience with model monitoring frameworks or tools

What We Do

SoFi wasn’t built to be a bank. Or a technology company. We were built for one mission: help people achieve financial independence so they can realize their ambitions. Redefining an entire industry isn’t easy work—and it’s not for the faint of heart. It takes a certain kind of team. People with diverse perspectives and expertise united by a common sense of purpose. People willing to challenge assumptions but always do the right thing. People proving that innovation and responsibility don’t have to compete but can come together to create something truly unconventional in the world. For the last eight years we’ve been charting this new path forward. We call it The SoFi Way. At SoFi we don’t just talk about culture: we live it. The SoFi Way is how we show up every day how we make decisions and how we build for our members clients and each other.

Why Work With Us

Together with our members we’re changing the way people think about and interact with personal finance. We’re a next-generation Fintech company using innovative mobile-first technology to help our members reach their goals. The industry is going through an unprecedented transformation and we’re at the forefront.

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