Full-Time

Analyst I – Fraud Strategy and Analytics

Posted on 8/22/2024

Affirm

Affirm

1,001-5,000 employees

Provides buy now, pay later financing solutions

Fintech
Financial Services

Compensation Overview

$90k - $130kAnnually

+ Equity Rewards + Monthly Stipends

Entry, Junior

Remote in Canada

Category
Risk Management
Finance & Banking
Required Skills
Python
R
SQL
Data Analysis
Requirements
  • Minimum 1 year of experience in fraud prevention, risk management, or related fields, including prior experience with data analytics in the finance or lending industry preferred.
  • Proficiency with data analysis using SQL is required.
  • Strong analytical skills with the ability to identify patterns, trends, and anomalies in data are essential.
  • Hands-on experience using a scripting language, such as Python or R, for data analysis is preferred.
  • Passion for understanding and enhancing fraud detection systems to effectively identify and mitigate fraudulent activities.
  • Working knowledge of the fundamentals of payment processing and an understanding of industry risk trends, including familiarity with risk strategy development.
  • Ability to communicate findings and recommendations clearly to both technical and non-technical audiences.
  • Strong time management skills and the ability to handle multiple projects and priorities.
  • Bachelor’s degree in a quantitatively rigorous field like engineering, statistics, math, finance, economics desired.
Responsibilities
  • Help support our team's fraud monitoring, detection and mitigation efforts
  • Participate in a rotation serving as a main point of contact for fraud escalations
  • Research emerging fraud trends by analyzing data and monitoring key fraud metrics to proactively identify and address potential risks
  • Quickly respond to fraud rings and implement new strategies to mitigate emerging fraud threats and vulnerabilities
  • Assist with development of our fraud monitoring strategy and identify any potential gaps
  • Work closely with our cross functional partners to help improve our fraud decisioning systems
  • Assist with evaluation and development of new external or internal features and signals to improve our fraud detection capabilities

Affirm provides point-of-sale financing solutions as an alternative to traditional credit cards. Its main service is the "buy now, pay later" (BNPL) model, which allows consumers to make purchases and pay for them over time through installment plans, often without hidden fees. Affirm partners with merchants to integrate its payment solutions into both online and in-store shopping experiences, using user-friendly plugins and APIs. This integration requires minimal technical effort from merchants. Affirm earns revenue through interest and fees on the loans it provides to consumers, as well as fees from merchants who offer its financing options. The company also provides a merchant dashboard for transaction processing and sales training, helping businesses effectively market these financing options. Affirm's goal is to empower consumers with flexible payment options while providing value to merchants in the e-commerce and retail sectors.

Company Stage

IPO

Total Funding

$1.1B

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

4%

1 year growth

9%

2 year growth

-10%
Simplify Jobs

Simplify's Take

What believers are saying

  • Affirm's partnership with Adyen expands its reach in the U.S. and Canadian markets.
  • Affirm's $4 billion partnership with Sixth Street strengthens its financial position for growth.
  • The addition of eight new merchant partnerships increases Affirm's market presence and transaction volume.

What critics are saying

  • Increased competition from tech giants like Apple could threaten Affirm's market share.
  • Over-reliance on Adyen's platform may pose risks if the partnership faces disruptions.
  • The $4 billion partnership with Sixth Street may pressure Affirm to deliver high returns.

What makes Affirm unique

  • Affirm offers transparent installment loans with no hidden fees, unlike traditional credit cards.
  • Affirm partners with over 2,000 merchants, providing diverse payment options at checkout.
  • Affirm's seamless API integration allows easy adoption by online and in-store merchants.

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Benefits

Spending wallets: Access tech, food, lifestyle, and family planning wallets for your expenses

Supportive communities: Get involved with our employee resource groups and community groups

Remote-first workforce: If your role is remote, you can set up shop anywhere in your home country

Generous time off: Take the time you need when life happens

Health benefits: Get a plan that fits your needs

Mental healthcare: Take care of your mind with great mental health programs

Parental leave: Birth and non-birth parents get 18 weeks paid leave. Plus, a 4-week return-to-work transition program, at full base pay.

Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family.

Away days: We offer 24 company-wide paid days off—which help our teams collectively pause to recharge.

Learning & development: Engage in exciting learning programs to level up your growth.

INACTIVE