Overview
Join Prospa as a Senior Fraud Analyst in the Enterprise Risk & Legal team. You will be the end-to-end owner of the fraud function, responsible for detecting, preventing, and mitigating fraud risks, guiding internal teams, and leading complex investigations. You will help develop and enhance our transaction monitoring program using technology including AI agents, and ensure compliance with applicable laws and regulations in the finance industry.
The role
We are seeking a dedicated Senior Fraud Analyst to join our Enterprise Risk & Legal team as the end-to-end owner of the fraud function. This role is instrumental in detecting, preventing, and mitigating fraud risks while providing expert guidance to internal teams and stakeholders. This role will handle complex investigations, develop detection strategies and improve Prospa’s fraud risk profile.
Work closely with the Head of Enterprise Risk & Legal (AML Compliance Officer) and cross-functionally with Credit Operations, Sales, Product and Technology. You will be the first point of contact for all fraud-related inquiries and will own projects, delivering positive outcomes autonomously.
What you'll do
- Lead proactive monitoring of loan applications, transactions, and customer behaviour using advanced analytics, machine learning models, and fraud detection platforms.
- Complete complex fraud investigations, applying deep domain expertise to uncover sophisticated fraud schemes and recommend remediation strategies.
- Manage fraud cases from initiation to resolution, ensuring thorough documentation, cross-functional coordination, and timely escalation to senior leadership or external authorities.
- Identify systemic vulnerabilities and spearhead initiatives to enhance fraud detection frameworks, automate workflows, and reduce false positives.
- Collaborate with technology teams to implement new tools and refine existing systems for greater accuracy and efficiency.
- Act as a key liaison between fraud, Credit Ops, Product and Sales to ensure cohesive fraud prevention strategies aligned with regulatory and business goals.
- Influence decision-making through data-driven insights and risk assessments.
- Prepare and present comprehensive fraud reports, dashboards, and trend analyses to senior management, highlighting key risks, emerging threats, and performance metrics.
- Contribute to board-level discussions and audit reviews as a fraud subject matter expert.
What you'll need to succeed
- 5+ years of experience in fraud prevention, risk management, or a related field within financial services or online lending.
- Strong analytical skills with experience using fraud detection tools, data analytics, or machine learning models.
- Knowledge of fraud typologies specific to online lending (e.g., identity theft, synthetic identities, application fraud).
- Excellent communication and presentation skills for advisory and training responsibilities.
- Ability to work independently and collaboratively in a fast-paced environment.
- Technical proficiency with CRM platforms and data visualization tools (e.g., Tableau, Power BI).
- Understanding of AML/KYC regulatory requirements in the financial services sector.
Don't let a confidence gap stop you from applying
What we offer:
- Growth: learning days, a learning allowance, leadership programs, CliftonStrengths workshops, digital learning, and biannual company-wide learning weeks.
- Wellbeing: fitness initiatives, seasonal programs, Me Days, and access to holistic EAP coaching.
- Lifestyle: flexible working options, modern office facilities, remote/travel work options, additional leave, and up to 18 weeks paid parental leave.
- Impact: carbon-neutral certification, volunteer days, Kiva partnership, and employee resource groups.
Why Prospa?
We are a certified Excellent Place to Work and recognised for workplace excellence in multiple categories. We embrace diversity and foster a collaborative, inclusive environment. Check out Prospa’s culture code to learn more.
Seniority level
- Mid-Senior level
Employment type
- Full-time
Job function
- Finance and Sales
Join us and be part of a team focused on empowering small businesses.
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📌 Senior Fraud Analyst
🏢 Prospa
📍 City of Sydney