Fraud Strategy Analyst- Card

The Fraud Strategy Analyst is accountable for monitoring and developing fraud risk strategies for Card Products. The Fraud Analyst will develop fraud processes, strategies, and controls to mitigate fraud risk that occurs on transactional level.  Responsibilities include evaluation of new tools and processes to enhance detection, reporting on overall Fraud losses and trends in addition to monitoring strategy performance, analyze data and develop fraud rules to mitigate and prevent fraud losses and work with Vendor to implement fraud rules.  The candidate will drive reductions in fraud losses through development of data driven solutions, which requires strong SLQ/SAS, analytic and problem solving skills, implementation and monitoring of effective fraud controls, while partnering with model management, Fraud Operations, Product team and external vendors.

Primary responsibilities include:

• Monitor and develop fraud strategies, tools, processes, models to deliver superior fraud detection while balancing approval rate and product P&L impacts
• Assess new and existing products and services for fraud risk and propose mitigating controls
• Strong partnership with vendors and Product team effectively managing the fraud controls for new-account application
• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Risk Management Framework and internal Citizens Bank Policies and Policy Standards
• Develop, implement, monitor and provide performance tracking of fraud strategies and fraud prevention tools and processes
• Conducts ongoing analysis to identify root cause of fraud trends and propose potential solutions
• Effectively manages competing priorities of requests working under strict deliverables

Required Skills/Experience:

• Advanced skills using data extraction/mining tools (data processing and analysis) such as SQL, SAS
• Proficient with Microsoft Office applications; Advanced Excel and PowerPoint
• Strong problem solving and analytical skills preferably in Financial Services industry
• Excellent communications (oral and written), interpersonal / business partnering, and organizational skills
  
   

  Preferred Skills/Qualifications:

• Knowledge of the fraud life cycle, industry trends and fraud tools/solutions preferred
• Experience with the project management lifecycle through Agile
• Previous experience with managing fraud risk at another financial institution
• Education
• Bachelor’s Degree in Operations Management, Mathematics, Statistics, Actuarial Sciences, Economics or other quantitative, business or technical discipline
• Master degree in Mathematics, Statistics, Operations Management, Economics or other quantitative, business or technical discipline preferred

Hours and Work Schedule

Hours per week:  40

Work Schedule:   8:30am - 5:00pm, Monday - Friday