Senior Fraud Risk Manager
Earnest- Full Time
- Senior (5 to 8 years), Junior (1 to 2 years)
Candidates should possess 7+ years of professional experience in related technical areas such as model development and model validation, along with a Bachelor’s, Master’s, or PhD in a quantitative field like Math, Data Science, or Computer Science. Strong knowledge of machine learning modeling, fraud detection, and fraud risk management is required, as is experience with script languages like Python and large-scale datasets using SQL. Familiarity with machine learning platforms and frameworks such as scikit-learn and pyspark, and cloud-based coding environments and databases is also necessary.
The Fraud Model Risk Manager will perform independent challenges of machine learning models used for fraud detection/fraud risk management through thorough validation and ongoing monitoring, identify model weaknesses and opportunities for improvement, collaborate with model owners to remediate model validation findings, partner cross-functionally to implement and maintain the company’s MRM framework, and partner with Internal Audit, Internal Controls, and Compliance to ensure timely resolution of audit and regulatory requests.
Provides buy now, pay later financing solutions
Affirm offers point-of-sale financing solutions as an alternative to traditional credit cards. It allows consumers to make purchases and pay over time through installment plans, often without hidden fees or deferred interest. Affirm partners with merchants to integrate its payment solutions into online and in-store shopping experiences, using user-friendly plugins and APIs. The company generates revenue from interest and fees on loans to consumers, as well as fees from merchants for offering its financing options. Affirm also provides a merchant dashboard for transaction processing and promotional tools to help businesses market these financing options effectively. The goal of Affirm is to empower consumers with flexible payment options while providing value to merchants in the e-commerce and retail markets.