The Principal Fraud & Risk Analytics Professional is responsible for identifying, analyzing, and mitigating fraud risk through data-driven insights, strategic recommendations, and fraud prevention solutions. This role also independently drives fraud initiatives from concept through implementation, balancing fraud risk, business objectives, operational impacts, and customer experience.
Sub-Family DefinitionThe Fraud & Risk Analytics group is responsible for leveraging advanced analytics, data insights, and industry intelligence to detect emerging fraud risks, evaluate fraud performance, and develop strategies that reduce fraud losses while maintaining an appropriate customer experience. Activities may include partnering across business, technology, operations, and external stakeholders to design, implement, and optimize fraud controls, monitoring capabilities, and risk mitigation initiatives; and using data-driven analysis to identify trends, recommend actions, and influence strategic decisions related to fraud risk management.
Career Specialization DefinitionThe Fraud & Risk Analytics work focuses on:
- Developing and maintaining financial crime risk reporting, dashboards, scorecards, and metrics to support business and regulatory requirements
- Analyzing customer, transaction, and risk data to identify trends, emerging threats, anomalies, and control effectiveness
- Leading Know Your Customer (KYC), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and customer identification program initiatives
- Overseeing transaction monitoring, alert management, investigations, and escalation of suspicious or high-risk activity
- Evaluating and enhancing financial crime detection methodologies, monitoring systems, and reporting processes
- Managing regulatory examinations, audits, and information requests related to financial crimes programs
- Partnering with Risk, Compliance, Technology, Operations, and business leaders to improve data quality, reporting accuracy, and operational effectiveness
- Recommending and implementing process improvements, automation opportunities, and risk mitigation strategies based on analytical findings
- Reporting key risk indicators, trends, and program performance to senior management and governance committees
- Other duties as assigned
Career Level DefinitionRecognized subject matter expert in a job area typically obtained through advanced education and work experience. Responsibilities typically include:
- Managing large projects or processes with limited oversight from manager
- Coaching, reviewing and delegating work to lower level professionals
- Problems faced are difficult and often complex
Knowledge & Experience Required- Bachelor's Degree required; equivalent combination of education and experience may be considered
- Typically requires 6 - 8+ years prior experience, with deep knowledge of job area
- Demonstrated experience identifying, detecting, and mitigating fraud through analytical and strategic solutions
- Strong analytical skills with experience working with large data sets and translating findings into actionable business recommendations
- Experience developing fraud rules, alerts, strategies, controls, testing approaches, and monitoring frameworks
- Proven ability to independently manage multiple complex projects and drive initiatives to completion
- Experience collaborating with external vendors, fraud solution providers, and industry partners
- Strong problem-solving, critical-thinking, decision-making, verbal communication, written communication, and presentation skills
- Experience using analytical and visualization tools such as SQL, SAS, Python, R, Tableau, Power BI, or similar technologies
- Ability to develop and present fraud risk metrics, reporting, dashboards, and strategic recommendations to management and business stakeholders
Preferred Qualifications- Experience within financial services, payments, banking, fintech, credit card, lending, or related industries
- Knowledge of fraud detection technologies, machine learning models, and predictive analytics
- Experience with fraud prevention platforms and third-party fraud vendors
- Experience leading fraud strategy initiatives that resulted in measurable fraud loss reduction
- Familiarity with authentication, identity verification, account takeover, application fraud, and transaction fraud prevention strategies
- Advanced degree in a quantitative discipline
- Professional certification related to fraud, analytics, or risk management, such as Certified Fraud Examiner (CFE)
Salary offered will be based on several factors including but not limited to education, work experience, certifications, etc. This position is also eligible to participate in either an applicable incentive compensation plan for the position or a discretionary profit sharing bonus program. General information on our comprehensive benefits package can be found by visiting https://www.atlanticunionbank.com/about/careers/benefits.
