What are the responsibilities and job description for the Fraud Analyst I position at Global Credit Union?

Overview

Reports to: Fraud Analytics Manager

Functions Supervised: None

Primary Functions: Perform qualitative and quantitative analysis of fraud-related data, systems, and processes. Develop fraud detection and decisioning strategies to mitigate the impact of fraud and implement in code. Balance fraud loss prevention, member experience, and operational efficiency in line with product strategies, enterprise financial plans, and the capacity of operational departments. Develop operational and performance reporting for fraud-related processes and systems. Execute the development, creation and implementation of fraud detection and prevention systems utilizing a proprietary programming/scripting language.Duties and Responsibilities:

Identify fraud-relevant data; collaborate with team members, vendors, and other departments to ensure collection, effective organization, and quality

Analyze fraud-related datasets ranging from tens of thousands to hundreds of millions of records

Perform deep dives into large or randomly-sampled fraud cases to determine what happened, perform annotation, and identify opportunities to improve systems or processes

Develop a deep understanding of fraud detection, decision, and investigation systems in use by the Credit Union

Maintain awareness of fraud-related best practices, methods, and technologies; present recommendations to promote optimal use and adoption

Collaborate with team members, vendors, and other departments to identify fraud vulnerabilities, methods, and trends, and to coordinate fraud-related processes and strategies

Develop, test, implement, and analyze strategies, models, and systems to detect, prevent, investigate, and mitigate the effects of fraud

Research discrepancies, accumulate all necessary information and take appropriate action to stop and prevent fraud losses to the Credit Union

Compile, and deliver operational and performance reports and key performance indicators

Engage in and implement processes for the reissuance of compromised cards in large data breaches

Report suspicious activity as required by the Bank Secrecy Act.

Monitor activity, analyze data and implement changes for safe practice in online account opening

Perform other duties as assigned

Qualifications

Education: Bachelor's Degree with a significant quantitative component.

Creditable Experience in Lieu of Education: 4 years of experience in a comparable position in addition to experience/skills requirements below.

Experience/Skills: Demonstrated ability to learn at least basic skills in programming/scripting, statistics, organization of information systems, mathematical optimization, and machine learning. Ability to communicate clearly and concisely, both verbally and via written and visual reports. Ability to perform sound qualitative and quantitative analysis, exercise good judgment, and balance competing priorities effectively. Ability to manage the stress of the risk, uncertainty, and change inherent to fraud. Must be well organized, self-motivated, and eager to learn, and require minimal direct supervision. Capacity to work in a fast-paced and dynamic environment with a drive to deliver outstanding results.

Tenure: Assignment to the Fraud Analyst I category 10 or Fraud Analyst II category 09 will be determined by the candidate's education and/or experience. Advancement requires management recommendation and will be based on the candidate's experience and performance.

Compensation

Salary Pay Range:

Fraud Analyst I (Category 10): $57,484 - $90,825 annually
Fraud Analyst II (Category 09): $63,233 - $101,804 annually

Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above.

In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range.

Benefits

Short-term and long-term incentives
Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
401(k) plan with a 5% match
Employee Assistance Program (EAP)
Life and disability coverage
Voluntary cash benefits for accident, hospitalization and critical illness
Tuition Reimbursement
Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
Click here to view Global’s comprehensive Benefits Programs.

Equal Opportunity Employer

Salary : $57,484 - $90,825

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Fraud Analyst I

What are the responsibilities and job description for the Fraud Analyst I position at Global Credit Union?

Overview

Qualifications

Compensation

Benefits

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