strategy to execution including assisting with analytics-driven fraud prevention & detection strategies, improving authentication strategies, developing & implementing effective fraud strategies to mitigate losses while establishing a balance between risk & customer experience. The candidate will also provide thought leadership on the infrastructure needed to establish an effective Fraud management team and will include thoughtful consideration to build/buy decisions.
Develops and implements effective fraud detection and prevention strategies to mitigate fraud losses while ensuring an appropriate balance between risk, operational cost, and customer experience.
Analyzes customer application data, new account transaction data, and customer interaction data. Develops and enhances fraud prevention strategies.
Identifies patterns to detect new account fraud. Evaluates data and information from multiple sources.
Supports the testing and deployment of new vendor products. Develops business cases for incorporating new technologies.
Develops and reviews strategy performance reports and communicates the fraud results to the business.
Partners in fraud trend reviews to identify vulnerabilities.
Ability to communicate with the technical development team. Some knowledge/experience in software development will be useful since there are several home grown systems that this role will oversee.
The preferred candidate will have:
Bachelors/Master’s Degree in Economics, Statistics, Engineering, Math or related field
Requirements:
5+ years of experience in the consumer finance/retail banking industry
3+ years in Fraud Risk
Strong quantitative and problem-solving skills with key attention to detail
High level of inquisitiveness, initiative and critical thinking
Proven ability to effectively communicate with all levels of staff and management
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