Risk Analyst 1 – Front End Fraud Review

Risk Analyst 1 – Front End Fraud Review

Description

AutoNation is one of the largest automotive retailers in the United States, offering innovative products, exceptional services, and comprehensive solutions, empowering our customers to make the best decisions for their needs. With a network of dealerships nationwide strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and provide expert maintenance and repair services. Through DRV PNK, we have raised over $40 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.

So what do you say? Are you ready to be part of something big?

The Fraud Analyst will be a key member of the Risk Management team, responsible for identifying and mitigating fraudulent activity, specifically synthetic identity theft and traditional identity theft, at the point of application review. This role initially involves working closely with the Underwriting team to analyze applications flagged with high-risk scores and ensure appropriate actions are taken to protect the organization from fraud-related losses.

Summary of Responsibilities: 
The Fraud Analyst will be responsible for analyzing and reviewing loan applications flagged for increased fraud risk, focusing on synthetic and traditional identity theft. The role involves verifying applicant information, conducting background checks, and utilizing fraud detection tools to identify patterns of fraudulent behavior. Collaborating with the Underwriting team, the analyst will provide recommendations on high-risk applications, document findings, and help improve fraud detection processes. They will also stay informed about emerging fraud trends and contribute to fraud awareness and training initiatives within the organization. 

Essential Functions:
Support and contribute to the work of the Risk Department specifically assuming duties including the following: 
•    Review loan applications flagged for increased risk of synthetic identity theft, traditional identity theft, and other forms of fraud
•    Conduct detailed analysis of high-risk applications, including verification of customer information, document validation, and analysis of third-party fraud detection tools
•    Utilize fraud scoring systems and internal data to identify patterns and red flags indicative of identity theft
•    Collaborate with the Underwriting team to provide insights and recommendations on applications with heightened fraud risk
•    Perform thorough background checks and research using public records, credit reports, and other relevant sources to assess the legitimacy of applicant information
•    Stay current on emerging fraud trends and techniques, particularly in synthetic identity fraud, and update procedures and analysis techniques as necessary
•    Review EPD and FPD charge-offs for potential buyback and understanding of current fraud trends/exposure
•    Document findings and maintain detailed case files on investigated applications for audit and reporting purposes
•    Provide recommendations for process improvements to enhance fraud detection at the front-end of the application process
•    Assist in the development and implementation of training materials and fraud awareness programs for underwriters and other relevant teams
•    Report to senior management on key fraud trends, patterns, and mitigation strategies 

Other Functions: 
•    Special projects as requested
•    Assist Compliance with E-Oscar ID Theft Claims

Requirements: 
•    Bachelor’s degree in Finance, Business, Criminal Justice, or a related field preferred
•    2+ years of experience in fraud detection, risk management, or a related role in financial services
•    Strong analytical skills with the ability to interpret and analyze large amounts of data.
•    Familiarity with fraud detection tools and software, including fraud scoring models and credit bureau data
•    Knowledge of synthetic identity theft, traditional identity theft, and other common fraud tactics
•    Strong attention to detail and the ability to identify inconsistencies and red flags in applications
•    Excellent communication skills, with the ability to collaborate effectively with Underwriting and other cross-functional teams
•    Proficient in Microsoft Office Suite – (Intermediate) (Excel, Word, PowerPoint) and familiarity with fraud-related software systems
•    Ability to work independently and manage multiple investigations simultaneously in a fast-paced environment

Preferred Skills: 
•    Experience in the auto lending industry is a plus
•    Knowledge of regulatory requirements related to identity verification and fraud detection.
•    Strong investigative and problem-solving skills
 

Exciting Benefits and Perks Await You:

• Competitive compensation and 401k matching

• Enjoy a healthy work-life balance with insurance plans (health, dental, vision) and maternity benefits.

• Associate purchase and discount programs for new and pre-owned vehicles, services, parts, collision, accessories, and AutoGear

• Access amazing deals and discounts through YouDecide, a website with offers from top providers and retailers

• Join our DRVPNK mission to raise and donate millions of dollars to cancer research and treatment, partnering with cancer charities nationwide

AutoNation is committed to creating a diverse, equitable, and inclusive environment in our workplace and the services we provide. We welcome candidates from all backgrounds who are passionate about making a positive impact. Even if you do not meet every requirement, we encourage you to apply. Join our team and help us foster a culture of belonging while contributing to our revolutionary work in the automotive industry. We value innovation, teamwork, and a commitment to making a positive impact in the world.

Benefits

Not Specified