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Fraud Strategy Analyst Senior

Location: Cincinnati
Posted on: May 11, 2024

Job Description:

GENERAL FUNCTION: This person will provide support for the development, implementation and documentation of innovative fraud prevention strategies by analyzing fraud trend data. Works closely with Fraud Product Strategy Manager and Fraud Strategy Analyst to identify fraud risks on card, deposit, and loan products. Oversees system and analytical tool enhancements in order to maintain productivity and efficiency of card, deposit, and loan fraud strategies. Represents bank protection fraud strategy on new project and product initiatives. This position requires an in-depth understanding of card fraud/risk management.


* Identifies risk factors and trends of potentially fraudulent activity utilizing technical data analysis and statistical interpretation.

* Develop and implement comprehensive fraud detection strategies and business rules that balance fraud loss, cost of execution, and customer experience.

* Leads root cause analysis to identify opportunities to predict, prevent and mitigate risk within processes and performance.

* Utilize analytics to optimize existing fraud strategies, in order to reduce false positive rates and increase fraud detection rates.

* Extract and analyze data, investigate data integrity, generate metrics and perform data and portfolio analysis.

* Generate fraud metrics to show the performance of fraud systems for use in management reporting.

* Identify gaps in current systems, policies and strategies and take actions to mitigate emerging fraud risks with guidance from managers.

* Build strong relationships with Retail, Commercial, Product and IT management to gain support of risk management.

* Represents bank protection fraud strategy on new project and product initiatives.

* Manages multiple projects to enhance and optimize fraud strategy systems and tools.

* Recommends enhancements and process improvements based on assessment of fraud systems and processes.

* Develops trending reports and key indicators to serve as early warning risk indicators for potentially fraudulent activity.

* Communicates significant issues to management; make recommendations when weaknesses are identified.

* Partners with Lines of Business and corporate partners to effect change and promote awareness through the coordination of fraud detection monitoring of system enhancements and statistical trend analysis.

* Maintains a cutting edge awareness of company goals and industry trends.

* Perform ad-hoc analysis as potential risks are identified.

* Assumes additional responsibilities as assigned.

SUPERVISORY RESPONSIBILITIES: May be responsible for managing a small number of on-shore or off-shore business analysts. Will provide employees timely, candid and constructive performance feedback; developing employees to theirfullestpotentialandproviding challenging opportunities that enhance employee career growth; developing the appropriate talent to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

Keywords: , Cincinnati , Fraud Strategy Analyst Senior, PR / Public Relations , Cincinnati, Ohio

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