Fraud Analytics Consultant

Galent; Jersey City (NJ); On-site; USD 100,000 - 180,000; Full time

Job summary

A financial services company is seeking a skilled professional to develop and implement fraud detection rules for Debit and Credit Cards in the US market. The role involves investigating suspicious activities, designing fraud management strategies, and collaborating with teams to enhance prevention measures. Candidates should have a Bachelor's degree, over 5 years of experience in data analytics, and strong communication skills. This is a full-time position located primarily in Jersey City, NJ.

Qualifications

• 5+ years of proven data analytics experience in fraud management for Debit and Credit cards in the US market.
• Experience in designing strategies for fraud management in areas such as Account takeover and stolen card credentials.
• Excellent communication and presentation skills with the ability to convey complex information clearly.
• Knowledge of fraud models like Falcon and VAA.
• Excellent communication and presentation skills; detail-oriented and proactive.

Responsibilities

• Develop, implement and monitor fraud detection rules for Debit and Credit Cards for the US market.
• Investigate suspicious activities and transactions to develop mitigation strategies.
• Collaborate with cross-functional teams to enhance fraud prevention measures.
• Generate reports and presentations outlining fraud risks, incidents, and mitigation strategies for management review.
• Collaborate with risk management, operations, and compliance to enhance fraud prevention measures.
• Monitor industry trends, regulatory changes, and best practices to continually enhance fraud prevention strategies.

Skills

Data analytics experience in fraud management

Communication skills

Problem-solving

Fraud models

Fraud rule engines

3D Secure

Defense Edge

VAA

Education

Bachelor's degree in engineering, technology, computer science or related field

Tools

Fraud rule engines

Industry fraud models

2-Way Connect

Provision+

Feature Space

Job description

Locations: Jersey City-NJ / Merrimack-NH / Westlake-TX

Type of Hire: Full Time

Roles and Responsibilities

• Develop, implement and monitor fraud detection rules for Debit and Credit Cards for US market
• Investigate suspicious activities and transactions, determine root causes and develop strategies and statistical models to prevent future occurrences.
• Develop fraud reports for ongoing monitoring of fraud events.
• Generate reports and presentations outlining fraud risks, incidents, and mitigation strategies for management review
• Collaborate with cross-functional teams, including risk management, operations, and compliance, to enhance fraud prevention measures.
• Monitor industry trends, regulatory changes, and best practices to continually enhance fraud prevention strategies

Skills Required

• Bachelor's degree in engineering, technology, computer science or related field. 5+ years of proven data analytics experience in fraud management for Debit and Credit cards in US market
• Experience in designing strategies for fraud management in areas of Account takeover (ATO), card enumeration attacks, stolen card credentials, etc.
• Familiarity with fraud rule engines such as Advance Défense/Defense Edge, 3D Secure system, 2-Way Connect, Provision+, and Feature Space
• Familiarity with industry fraud models like Falcon and VAA
• Excellent communication and presentation skills with the ability to convey complex information clearly and concisely.
• Detail-oriented with a proactive mindset toward problem-solving and risk mitigation.
• Ability to work collaboratively in a cross-functional team environment