Senior Fraud & Financial Crime Analyst

At Frasers Group we’re rethinking retail. Through digital innovation and unique customer experiences, we’re serving our consumers with the world’s best sports, premium and luxury brands globally. As a leader in the industry, we’re elevating the retail experience for our consumers providing flexible and convenient ways to pay across our collection of established brands, including Studio, Sports Direct, FLANNELS, USC, Frasers, and GAME

Frasers Group Financial Services is the next chapter of elevation for the Frasers Group.
We fear less and do more. Our people are forward thinkers who are driven to operate outside of their comfort zone to change the future of retail, embracing challenges along the way. The potential to elevate your career is massive, the experience unrivalled.

Our purpose – we are elevating the lives of the many with access to the world’s best brands and experiences

Frasers Group Financial Services is committed to delivering a positive colleague experience and to be able to make the most of it you need to immerse yourself into delivering on our principles:

Own itand back yourself
- Own the basics, own yourroleand own the result

Think without limits-Think, think fast, think fearlessly

Be relevant-Relevantto our people, ourpartnersand the planet

The Role:The Senior Fraud & Financial Crime Analyst – Payments will support the development, optimisation, and ongoing performance management of fraud and financial crime controls for the new Virtual Credit Card (VCC) product. The role is responsible for producing high-quality performance insight, maintaining regulatory and scheme-compliant MI, and driving continuous optimisation of fraud decisioning, rules, and reporting.

This position plays a critical role in ensuring safe VCC launch and stable operational performance post-go-live supporting the Fraud Payments Strategy Manager.

Key Responsibilities:

• Monitor and analyse fraud performance across channels, identifying trends, anomalies, and loss drivers
• Produce and maintain fraud and AML MI, dashboards, and reporting packs for governance and SLT
• Track fraud losses vs plan, supporting root-cause analysis and forecasting
• Analyse AML alerts, typologies, and emerging risks; optimise monitoring rules and reduce false positives
• Ensure sanctions/PEP screening effectiveness and support SAR investigations through transaction analytics
• Own and deliver scheme and regulatory reporting (Visa, Mastercard, PSD2/SCA, FCA) with strong controls
• Conduct transaction-level fraud analysis (e.g. BIN attacks, CNP spikes, merchant risk, wallet performance)
• Develop and refine fraud rules, thresholds, and risk indicators for the VCC ecosystem
• Optimise fraud controls through rule tuning, A/B testing, ML performance improvement, and scenario analysis
• Support UAT, shadow testing, and validation of new fraud solutions ahead of launch
• Maintain and prioritise a backlog of fraud control enhancements with evidence-based recommendations
• Partner cross-functionally (Product, IT, Ops, Compliance, Schemes) to deliver fraud strategy and VCC readiness
• Provide SME input into projects and support customer remediation, disputes, and complaints insight
• Deliver first-line oversight of fraud controls, identifying gaps and driving corrective actions
• Produce incident reporting and post-event analysis for material fraud events
• Maintain robust documentation of processes, analytics, and rule/model changes

• Strong analytical capability using SQL, Python, SAS or similar
• Strong knowledge and experience in card payments data (authorisation, clearing, chargebacks)
• Solid understanding of issuer fraud controls and card scheme reporting (e.g. SAFE, TC40, VFMP, EFM)
• Familiarity with fraud decisioning platforms (e.g. Marqeta, Featurespace,…