Avant is looking for knowledgeable fraud professionals to join our Fraud Operations team in Chicago. This position is critical in leading a team of analysts and driving fraud prevention and mitigation strategies that balance customer experience, operational efficiency, and risk control with an objective of fighting against fraud attacks throughout the entire customer lifecycle, which includes application and synthetic identity fraud, first and third party fraud.

What You’ll Do at Avant:

• Lead and develop a team of fraud analysts, providing coaching, feedback, and technical guidance to ensure high performance and professional growth.

• Design and optimize fraud prevention strategies through data analysis, rules, and model-driven decisioning to minimize fraud losses while maintaining a frictionless customer experience.

• Partner cross-functionally with Data Science, Product, Engineering, Operations, Compliance, and Vendor Management to develop scalable fraud detection solutions and implement controls in production systems.

• Monitor performance of fraud rules, models, and strategies, ensuring continuous improvement through data-driven insights and timely adjustments.

• Identify emerging fraud patterns and propose proactive mitigation measures.

• Recommend process and policy changes that enhance fraud prevention capabilities while aligning with company risk appetite and regulatory requirements.

• Develop and maintain dashboards and reporting to communicate key fraud trends, metrics, and portfolio health to senior leadership.

• Represent the fraud domain in enterprise initiatives, coordinating with other risk and business functions to ensure cohesive strategy execution.

Why you’re a fit at Avant:

• Bachelor's Degree in Technology, Statistics, Business Analytics, related field, or its equivalent (Master's preferred)

• 7+ years of analytical experience in fraud prevention and analytics at a consumer banking financial institution.

• 7+ years of experience leveraging data tools such as SQL, R, Python

• Knowledge of check, ACH, wire transfer, debit/credit card and other payment channels operating rules

• A highly motivated individual with a Fraud Strategy background, the ambition to drive change, a strong eagerness to learn, and the ability to communicate and collaborate effectively in complex and evolving environments.

• Strong quantitative and problem-solving skills with key attention to detail

• High level of inquisitiveness, initiative, and critical thinking

• Prior experience in statistics and machine learning modeling techniques through coursework or professional experience

This role is based on our downtown Chicago Office, located in the Merchandise Mart. We highly value collaboration and our hybrid schedule (M, T, Th in-office) enables flexibility to balance work and individual priorities.

Compensation Range:

The base salary range for this job is USD $125,000 - USD $155,000/ Year

Employees new to Avant typically come in below the midpoint of the pay range. The compensation range is based on the level outlined in the job posting, and compensation decisions are dependent on each applicant's experience, skills and abilities.

[If an outstanding applicant's experience and skill level is above or below the qualifications outlined in the job posting, we reserve the right to make an offer at a different level than the one listed in this job posting, which may have a different compensation range.]

This role is eligible for additional incentives, including an annual bonus. These rewards are allocated based on level, impact and performance in the role.

Our benefits include:

• Choice of great Medical, Dental, and Vision Insurance Plan options

• 401(k) match

• Flexible Time Off

• Flexible Work Environment - (i.e. Mon/Tues/Thurs in-person)

• Generous Paid Parental Leave, Adoption Assistance and Post-parental leave ramp-up program

• Lunch Allowance (Fooda) and In-office Snacks

• Summer Fridays

• Fun In-Office and Virtual Social Events

• And who doesn’t love the swag

Check out our Avant Blog!

We believe that a diverse set of backgrounds and experiences helps us create the most innovative solutions for our customers. We invite you to apply to our positions even if you do not meet 100% of the qualifications listed in the description. If you’re passionate about our mission and aligned to our values, we hope you’ll come contribute to our awesome culture.

Why Avant is the place for you:

At Avant, we believe our values make a difference:

Authenticity. We show up to work as our whole selves and make sure others can too.

Collaboration. We can only succeed when we do so as a team.

Problem-Solving. The harder the problem, the more satisfying the solution.

Customer. We are all owners of the customer experience.

Initiative. Plan. Adapt. Get Sh!t Done.

We believe that great ideas come from anyone and anywhere, that everyone is an owner who drives change, and that we have more fun when we work together. We're problem solvers who love collaborating with intelligent and highly-motivated people to reshape the face of digital banking. Avant offers terrific perks and benefits, fun social events with employees who actually like hanging out together, and a flexible growth environment where trying your hand at new projects and being the active owner of your career path is encouraged and supported.