Sr Fraud Risk Strategies Analyst in Chicago, IL

$80K - $100K(Ladders Estimates)

Early Warning Services   •  

Chicago, IL 60601

Industry: Finance & Insurance


5 - 7 years

Posted 51 days ago

Overall Purpose

This role is accountable to analyze, create and deploy the rules and scores from both internally and externally develop fraud risk models and applications with the associated outcomes as it applies to decisions rendered to optimize the balance of risk, expense and experience while using the payment network in a variety of operating environments. This work must be done directly or in partnership with financial institutions in decisioning fraud risk.

Essential Functions

  • Assess, recommend and modify the application of scores and rules to deliver the optimal balance of risk, expense and experience for clients, consumers and partners in the network.
  • Implement the fraud detection strategies for the network.
  • Create and apply of data driven insights for constant monitoring of effectiveness, efficiency and opportunities in the application of scores, rules and logic in the execution of managing fraud risk.
  • Create appropriate communications to internal and external stakeholders regarding emerging risks, observed trends and related opportunities.
  • Perform the analysis of fraud events for the purpose of identifying and consistently categorizing the root cause of fraud events observed or attempted in the network.
  • Support the company's commitment to protect the integrity and confidentiality of systems and data.

Minimum Qualifications

  • Bachelor's degree or equivalent education/experience required.
  • Minimum 5 years of fraud risk management experience.
  • SQL/SAS competencies or comparable data analytics skills
  • Proven track record of converting concepts to analysis to cases for change
  • Exceptional executive presence, written and verbal communication skills
  • Experience with digital banking, payments and/or payment networks
  • Experience with financial institutions in the area of fraud risk management

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow instructions and perform other related duties as assigned by their supervisor.

Physical Requirements

Working conditions consist of a normal office environment. Work is primarily sedentary and requires extensive use of a computer and involves sitting for periods of approximately four hours. Work may require occasional standing, walking, kneeling, and reaching. Must be able to lift 10 pounds occasionally and/or negligible amount of force frequently. Requires visual acuity and dexterity to view, prepare, and manipulate documents and office equipment including personal computers.

Valid Through: 2019-10-23