Money Movement Fraud Strategy

Employee Applicant Privacy Notice

Who we are:

Welcoming, collaborative and having the opportunity to make an impact - is how our employees describe working here.  Galileo is a financial technology company that provides innovative and revolutionary software products and services that power some of the world's largest Fintechs. We are the only payments innovator that applies tech and engineering capabilities to empower Fintechs and financial institutions to unleash their full creativity to achieve their most inspired goals. Galileo leads its industry with superior fraud detection, security, decision-making analytics and regulatory compliance functionality combined with customized, responsive and flexible programs to accelerate the success of all payments companies and solve tomorrow's payments challenges today. We hire energetic and creative employees while providing them the opportunity to excel in their careers and make a difference for our clients. Learn more about us and why we work here at https://www.galileo-ft.com/working-at-galileo.

About the Role

We are seeking a talented and self-motivated Money Movement Fraud Strategy Analyst to join our Fraud Prevention team. The candidate will be responsible for money movement fraud detection and fraud prevention strategy, monitoring and proposing new controls as it relates to preventing suspicious money movement activity. The candidate will support implementing a robust analytical framework for identifying potential fraud exposure, partner with broader stakeholders to review fraudulent activity across multiple channels of exposure, participate and address fraud review calibrations .

Responsibilities and Duties

• Develop money movement fraud 1st line program assessment methodology and approach.
• Provide actionable feedback and recommendations to improve fraud program resilience.
• Record discrepancies between existing controls and the level of risk protection required, highlighting areas where enhancements are needed.
• Report/escalate identified trends and patterns.
• Supports fraud strategy implementations and analysis including participating in internal fraud reviews, implementing baseline transactional fraud rules, and configuring required reporting.
• Conducts thorough reviews and inquiries on identified and suspicious transactions.
• Communicates significant fraud issues to Management and makes recommendations when weaknesses are identified.

Qualifications

• 2-5 years of relevant prevention experience in the financial services industry, including a working knowledge of industry standard money movement elements.
• Knowledge and understanding of the money service business industry, methods and industry best practices for transaction analysis, fraud detection and prevention.
• Experience in creating the necessary policies and procedures to address transactional and operational fraud controls.
• Ability to analyze large data sets to identify suspicious transactions or patterns. Ability to apply sound judgment, effectively solves problems, and determines fraudulent activity consistently.
• Basic proficiency with SQL to pull out datasets for analysis.
• Ability to apply sound judgment, effectively solves problems, and determines fraudulent activity consistently.
• Must be self-motivated with the ability to work independently or within a group under minimal daily direction.

Galileo Financial Technologies provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.

The Company hires the best qualified candidate for the job, without regard to protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

New York applicants: Notice of Employee Rights

Galileo is committed to embracing diversity. As part of this commitment, Galileo offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email accommodations@sofi.com.

Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.