Analyst, Fraud Risk Consulting

Company Description

Visa is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive.

When you join Visa, you join a culture of purpose and belonging – where your growth is priority, your identity is embraced, and the work you do matters. We believe that economies that include everyone everywhere, uplift everyone everywhere. Your work will have a direct impact on billions of people around the world – helping unlock financial access to enable the future of money movement.

Join Visa: A Network Working for Everyone.

Team Summary

Visa Consulting & Analytics (VCA) is Visa's consulting division, serving Visa's clients (including card issuers, acquirers and merchants) and solving their strategic problems focused on improving performance and profitability. Drawing on our expertise in strategy consulting, payments, data analytics, marketing, operational and macroeconomics, VCA drives high impact and tangible financial results. In Asia Pacific (AP), VCA has geographically focused teams and the hub practice teams, which provides expertise in specific industry or functional verticals (Digital, Risk, Business Solutions, Acquiring & Merchant)

What the Analyst Fraud Risk, Consulting & Analytics does at Visa:

The VCA Risk Advisory Practice team is responsible for delivering Risk advisory services to Visa’s clients (Issuers, Acquirers and Merchants) across Credit Risk and Fraud Risk. The Analyst Fraud Risk will report to the Senior Manager Fraud Risk, India Hub within the VCA Risk Advisory Practice team and will contribute to the delivery of Fraud Risk advisory engagements. This individual will bring expertise in both the Fraud Risk functional domain and in risk analytics gained as Risk practitioner and/or a data scientist within a bank and/or a specialized consulting firm. We are looking for a motivated, analytically minded individual with a track record of using Risk expertise to unlock business value.

Key responsibilities for the Analyst Fraud Risk:

• Support development of Fraud Risk data driven solutions (Authorization and Fraud Optimization, Fraud Risk Prediction/Scoring).
• Participate to expand and optimize the Fraud Risk Managed Service offerings
• End-to-end delivery of multiple Managed Services and advisory projects within timelines, scope and budget requirements
• Contribute to the delivery of Fraud Risk Managed Services and advisory engagements across Asia Pacific
• Ensuring all project documentation is up to date and maintain the highest levels of quality in deliverables
• Collaborating with the client’s team (both internal and external) to understand the business problem and desired business outcome
• Support the development and maintenance of consistency, standards and quality control of Fraud Risk consulting methodologies, ensuring world-class best practices and efficiency through economies of scale

Why this is important to Visa

With a rapid change in the payment landscape, new regulations around Open banking and Open data and the emergence of new Fintech players – the payment ecosystem is rapidly evolving, and our clients are looking to Visa as the payment experts to help them navigate through the opportunities and challenges that these changes pose. Visa with its global reach and rich transaction data set is ideally positioned to assist merchants solve their strategic business problems and drive growth.

This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office two days a week, Tuesdays and Wednesdays with a general guidepost of being in the office 50% of the time based on business needs.

The candidate should be able to accommodate flexible working hours to catering to client and country time zones considering the roles Asia Pacific remit

Projects you will be a part of:

The nature of projects this role will play a key role in vary, this would include helping issuers and acquirers solve their most strategic business problems:

• Authorization Optimization - Define optimal authorization strategy with balanced risk control measures
• STIP Optimization - Define optimal STIP strategy with balanced risk control measures
• Fraud Rule Optimization - On-behalf execution of fraud risk management for clients to optimize performance & enhance detections
• Fraud Risk Prediction/Scoring - Development of statistical models based on client data to predict the likelihood of fraud occurrence (adhoc)
• Fraud Authentication Rule Optimization - On-behalf execution for optimization and performance enhancement of authentication rule for clients

Qualifications

Specific skill set and experience required:

Technical:

• Fair level of domain expertise in Fraud Risk preferred
• Candidate with 3+ years of analytical experience in applying statistical solutions to business problems
• Graduate / Post Graduate degree (Masters or Ph.D.) in Quantitative field such as Statistics, Mathematics, Computer Science, Economics, or equivalent experience preferred
• Hands on experience with one or more data analytics/programming tools such as SAS/Hadoop/SQL/Python
• Demonstrated ability to innovate solutions to solve business problems
• Proficiency in some of the following statistical techniques: Linear and Logistic Regression, Decision Trees, Random Forests, Markov Chains, Support Vector Machines, Neural Networks, Clustering, Principal Component Analysis, Factor analysis etc
• Experience in banking / consumer lending industry preferred
• Hands on experience in fraud risk analytics (model development, strategy and framework, scorecard development, documentation, validation, governance, implementation and automation etc.)

Business:

• Self-motivated, results oriented individual with the ability to handle numerous projects concurrently
• Proven skills in translating analytics output to actionable recommendations. Experience in presenting ideas and analysis to stakeholders with the ability to tailor data driven results to various audience levels
• Good communication, story-telling and presentation skills
• Exhibit intellectual curiosity and strive to continually learn
• Ability to solve business problems through data driven quantitative methodologies
• Results oriented with strong analytical and problem-solving skills, with demonstrated intellectual and analytical rigor
• Detailed oriented, the candidate is expected to ensure highest level of quality/rigor in deliverables, reports & data analysis
• Team player, collaborative, diplomatic, and flexible style. Complete team player, able to work across cultures, upholds and promotes highest ethical standards and mutual respect in the workplace

Additional Information

Visa has adopted a COVID-19 vaccination policy. As a condition of employment, all employees based in the country where this job is located are required to be fully vaccinated for COVID-19, unless a reasonable accommodation is approved or as otherwise required by law.