Fraud Analyst, Secured Lending

This is a fully remote position, open to applicants in United States.

📋 Description

• Take charge of first-line fraud detection and investigation for your designated secured lending product line(s), overseeing suspicious activity and fraud indicators during the application, origination, and servicing stages.

• Examine significant fraud risks and emerging patterns, such as application fraud, identity fraud (true-name and synthetic), misrepresentation of income and employment, collateral fraud, and fraud trends related to auto dealers.

• Investigate product-specific fraud typologies, including misrepresentation of occupancy, inflation of valuations, and undisclosed liabilities or loan stacking.

• Prepare detailed fraud escalation and SAR referral packages for review, documenting facts, evidence, typologies, and recommendations.

• Conduct reviews of early payment default (EPD) fraud files, assessing fraud indicators on loans that are 60+ days overdue within 90 days of origination.

• Monitor and analyze fraud trends across origination channels, including application fraud rates, dealer-level fraud indicators, geographic concentrations, synthetic identity patterns, and channel-level risk signals, while producing fraud metrics and trend reports.

• Maintain dealer fraud scorecards (Auto) and track channel-level fraud indicators, including pattern-based referrals and triggers for dealer suspension, in collaboration with Vendor Management and dealer oversight functions.

• Work closely with the Secured Lending QC team to triage fraud-related alerts generated by the daily monitoring output of the QC Engine, providing feedback on typologies and red flags to enhance detection rules and origination controls.

• Collaborate with Operations, Compliance, Legal, and Risk teams on fraud control enhancements, law enforcement information requests, and support for regulatory responses.

• Proactively identify regulatory risks associated with fraud in your product line(s) and related areas, including obligations outlined in OCC Bulletin 2019-37, FFIEC BSA/AML Manual, Red Flags Rule (12 CFR Part 41, Subpart J), 12 CFR 21.11, and specific fraud risk requirements for products.

• Ensure examination readiness by maintaining audit-ready records of fraud investigation cases, typology documentation, and program evidence consistent with OCC, FDIC, and CFPB expectations.

⛳️ Requirements

• A minimum of 3 years' experience in fraud investigation, fraud analytics, or financial crimes within consumer lending, banking, or a regulated financial institution.

• A Bachelor's degree or equivalent practical experience.

• Proven experience in investigating consumer lending fraud, including application fraud, identity fraud, misrepresentation of income/employment, and collateral fraud.

• Experience in preparing documentation for fraud investigations, including assembling facts and evidence, analyzing typologies, and creating written escalation packages for compliance or legal review.

• Familiarity with SAR referral processes, including 12 CFR 21.11 SAR thresholds and timelines.

• Working knowledge of BSA/AML program requirements applicable to consumer lending, including CIP/CDD, OFAC screening, suspicious activity monitoring, and obligations under the Red Flags Rule.

• Understanding of OCC enterprise fraud risk management and relevant FFIEC BSA/AML Manual requirements concerning fraud investigation and suspicious activity reporting.

• Experience in analyzing fraud trends, including monitoring application fraud rates, identifying typologies, and analyzing channel and geographic concentration.

• Ability to manage your workload efficiently, meet deadlines, and proactively communicate risk timelines with minimal supervision.

• Strong collaborative skills, enabling effective work with Operations, Compliance, Legal, and Risk on initiatives related to fraud escalation and control improvements.

🏝️ Benefits

• Competitive compensation, which includes base pay, bonus opportunities, and annual equity grants that vest quarterly.

• Retirement benefits to assist with future planning, including a 401(k) or Group Retirement Savings Plan with a company match of $2 for every $1 contributed, up to an annual maximum of $15,000 (USD in the US, CAD in Canada).

• Employee Stock Purchase Plan (ESPP) offering discounted stock purchase options for eligible employees (US only).

• Comprehensive health coverage designed to support you and your family, encompassing medical, dental, vision, and wellness resources for the US, as well as supplemental health coverage for Canada.

• Contributions to Health Savings Accounts from Upstart for eligible plans (US only).

• Income protection benefits, including life insurance and disability coverage for enhanced financial security.

• Paid time off, sick leave, and company holidays, in accordance with local regulations.

• Paid family and parental leave to assist with caregiving and significant life events (duration varies by country).

• Family-oriented benefits to support fertility, parenthood, and caregiving needs.

• Employee Assistance Program (EAP) providing mental health support and life-centered resources.

• Financial wellness resources, including access to financial planning tools and a financial concierge service (US Only).

• Annual wellness allowance to enhance your physical and emotional well-being and personal development, based on individual priorities.

• Annual productivity allowance to invest in relevant tools and resources necessary for optimal work performance, regardless of your work location.

• Opportunities for connection and community through team events, all-company updates, and employee resource groups (ERGs).

• Onsite perks, such as catered lunches and fully stocked micro-kitchens when working from one of our offices in the Bay Area, Austin, Columbus, and New York City (opening Summer 2026!).