Risk Prevention Analyst

This is a fully remote position, open to applicants in United States.

📋 Description

• Design and execute fraud prevention strategies utilizing transaction data, machine learning algorithms, and sophisticated analytical tools.

• Oversee and refine strategies for addressing first-party and third-party fraud, ensuring an equilibrium between risk management and customer satisfaction.

• Organize the tasks, service level agreements, projects, and output quality of the Risk Analytics team.

• Track client fraud patterns and suggest procedural modifications.

• Uphold departmental workflow and verify that time-sensitive tasks comply with established standards.

• Offer guidance to internal stakeholders on delicate matters, client processes, and emerging product innovations.

• Develop and present business intelligence reports for senior management, board members, and examiners.

• Engage with assigned clients through phone and email to assist in fraud prevention efforts.

• Work collaboratively with cross-functional teams to achieve business goals and develop solution strategies.

• Convey analytical recommendations through effective communication materials and visualization methods.

• Identify reliable data sources, conduct testing and exploratory data analysis, and address data hygiene concerns.

• Formulate fraud rules, create tailored client solutions, and monitor fraud within client groups.

• Assess fraud-related risk exposure, perform root-cause analyses, and establish mitigation strategies.

• Advise clients on fraud objectives, performance indicators, fraud tools, and strategies for risk reduction.

• Act as a client advocate concerning fraud and risk-related issues and special initiatives.

• Recognize, measure, monitor, control, and report on business and information security risks.

• Apply innovative thinking to problem-solving and provide recommendations.

• Execute additional duties as assigned.

⛳️ Requirements

• A Bachelor’s degree in Business, Statistics, Mathematics, Computer Science, Engineering, Economics, or a related field, or a combination of education and experience is required.

• A minimum of five (5) years of experience in the financial services sector is required.

• At least three (3) years of professional experience in risk analytics, risk mitigation, and/or fraud services is necessary.

• Familiarity with payment processing systems is preferred.

• Experience with Fraud Detection Work Center and/or FDR systems is required.

• Exceptional analytical and problem-solving abilities are essential.

• Extensive experience with fraud detection strategies, rules tuning, and fraud modeling is necessary.

• Strong proficiency in SQL is required.

• Capability to analyze large, intricate datasets and extract actionable insights is essential.

• Experience with fraud orchestration and decision-making tools (e.g., DefenseEdge, Falcon, Advance Defense, Fraud Navigator) is preferred.

• In-depth understanding of fraud metrics, forecasting techniques, and trade-offs between false positives and true fraud is crucial.

• Excellent communication skills with the ability to convey technical information clearly and concisely are required.

• Project management experience is preferred.

• Consistent and reliable attendance is mandatory.

• Availability for on-call work is required.

• Flexibility for early/late hours and weekends may be necessary.

• This position is currently not eligible for sponsorship.

🏝️ Benefits

• Competitive wages

• Medical with telemedicine

• Dental and Vision

• Basic and Optional Life Insurance

• Paid Time Off (PTO)

• Maternity, Parental, Family Care

• Community Volunteer Time Off

• 12 Paid Holidays

• Company Paid Disability Insurance

• 401k (with employer match)

• Health Savings Accounts (HSA) with company contributions

• Flexible Spending Accounts (FSA)

• Supplemental Insurance

• Mental Health and Well-being: Employee Assistance Program (EAP)

• Tuition Reimbursement

• Wellness program

• Remote-first, flexible environment