Fraud Strategist

First Tech Federal Credit Union; United States; Remote; USD 100,000 - 120,000; Full time

Job summary

A leading financial institution seeks a Fraud Strategist to enhance its fraud prevention initiatives. The role involves strategic development, innovative solution design, and the application of advanced analytics to detect and prevent fraudulent activities. Ideal candidates will have significant experience in fraud management, strong technical skills, and the ability to collaborate with senior leadership to shape effective strategies.

Benefits

Traditional medical, dental, and vision coverage

401K matching up to 5% per pay period

Accrue up to 17 days of Paid Time Off your first year

11 paid federal holidays

Qualifications

• Minimum of 7 years’ experience in fraud detection and management in a financial institution.
• Experience with data analysis and using fraud detection tools.
• Proven technical skills in Excel for data visualization and rule refinement.

Responsibilities

• Develop and implement fraud prevention strategies tailored to dynamic market conditions.
• Lead initiatives in cross-channel fraud detection.
• Prepare performance metrics and engage with stakeholders on fraud insights.

Skills

Risk Management

Data Analysis

Fraud Detection

Critical Thinking

Strategic Development

Education

Bachelor’s degree in Analytics, Applied Mathematics, Economics, Statistics

Tools

Excel

Fraud Detection Tools

SQL

Tableau

Job description

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Description

The Fraud Strategist plays a pivotal role in driving First Tech’s mission to safeguard its platforms against fraudulent activities. This position is integral in shaping and advancing our comprehensive fraud prevention strategy, ensuring that it remains robust and effective within a rapidly evolving threat landscape. By leveraging a scientific approach and advanced analytical techniques, the Fraud Strategist is responsible for detecting and preventing fraud, utilizing cutting-edge machine learning and advanced analytics to analyze complex data sets and identify emerging patterns and threat indicators.

Here's what you can expect from the job and what you need to be successful:

Job Duties:

• Strategic Development: Collaborate with senior leadership to create and implement a dynamic Fraud strategic roadmap. This includes optimizing rule performance, refining policy/process effectiveness, and harnessing technological innovations to meet enterprise business goals.
• Innovative Solutions: Employ quantitative analysis and critical thinking to design innovative prevention strategies. These strategies should balance member experience, facilitate seamless financial transactions, and support First Tech’s growth ambitions.
• Cross-Channel Leadership: Lead cross-channel fraud prevention and detection initiatives. Develop strategies targeting specific attack typologies and implement controls to mitigate risks from emerging technological advancements.
• Professional Proposals: Deliver well-researched rule proposals, including performance forecasting and operational impact assessments, to guide strategic decision-making.
• Industry Engagement: Stay abreast of industry trends and engage with community-based intelligence networks. Monitor external threats and adapt internal operations to enhance controls and mitigate risks.
• Knowledge Maintenance: Ensure up-to-date expertise in the external fraud landscape. Promote the adoption of best-in-class fraud analytics, reporting, and planning practices.
• Stakeholder Interaction: Regularly engage with business and executive leadership, providing insights into fraud discoveries, strategic recommendations, and performance metrics.
• Performance Reporting: Track and report key performance metrics. Recommend strategic adjustments to meet business needs and optimize fraud prevention outcomes.
• Model Management: Preferred knowledge to develop, monitor, and analyze AI/ML model outputs to identify anomalies and gaps. Execute real-time rules to mitigate threats, ensuring alignment with risk appetite parameters while defending against potential fraud attacks.
• Industry Representation: Act as First Tech’s Fraud liaison, fostering relationships with financial crime and FinTech partners. Participate in industry roundtables and represent First Tech at public and network events.
• Mentorship and Training: Provide mentorship and training to peers and colleagues, cultivating advanced industry expertise across the fraud team.
  
  

Essential Skills:

• Experience: Minimum of 7 years’ experience in system rule writing, administration, proactive fraud detection, risk management, and management reporting in a financial institution, with at least 3 years focused specifically on fraud.
• Education: Bachelor’s degree in Analytics, Applied Mathematics, Economics, Statistics, or a related analytical field, or equivalent education and experience.
• Technical Skills: Expertise in utilizing Excel for data analysis and visualization, including pivot tables, advanced formulas, and VBA scripting for automation. Experience with configuring, administering, and optimizing fraud detection tools and software. Ability to write and refine system rules for effective fraud monitoring. Advanced Excel skills for data analysis and reporting. Strong proficiency in technology, understanding of malicious software and system navigation, and integration of fraud detection tools within existing IT infrastructure.
• Process Expertise: Experience in process mapping, standardization, and continuous improvement initiatives.
• Professional Skills: Demonstrated ability to balance critical demands and competing priorities, ensuring timely, accurate assessments and reporting. Strong communication and presentation skills.
  
  

Certifications:

• SQL Certification (Required)
• Tableau Certification (Required)
• Certified Fraud Examiner (CFE) (Preferred)
  
  

Location: Remote - Must reside in one of the following states: AZ, CA, CO, GA, ID, MA, MN, NC, NV, OR, TX, UT, WA

Target Compensation in Oregon: $100,000 to $120,000 + annual bonus (compensation will vary based on location)

Benefits options include:

• Traditional medical, dental, and vision coverage
• 401K matching up to 5% per pay period
• Accrue up to 17 days of Paid Time Off your first year of employment
• 11 paid federal holidays
• Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility for special employee pricing is subject to standard account requirements and underwriting criteria)
  
  

First Tech is not currently offering Visa sponsorship or transfer for this position

What makes First Tech different? Click here to learn more!

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Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Business Development and Sales

• Industries

  Financial Services, Banking, and IT Services and IT Consulting

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