Fraud Strategy & Tools Architect

First Merchants Bank; Indianapolis (IN); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Bonuses

Insurance (Medical, Dental, Vision)

401k

HSA/FSA

Vacation & Sick Time

Holidays

Parental Leave

Tuition Reimbursement

Other Benefits

Job summary

First Merchants Bank is seeking a Fraud Strategy & Tools Specialist to join our External Fraud Working Group. The role centralizes and enhances the bank's fraud prevention and detection tools, aligning them with business goals and identifying trends for improvements.

You will coordinate with fraud operations, lines of business, and external vendors, monitor tool capabilities, and recommend proactive enhancements to strengthen fraud detection across channels and products.

Qualifications

• Bachelor's degree in business, finance, information systems, or related field.
• A minimum of three (3) years of experience in fraud prevention, risk management, or financial technology.
• Fraud Analytics Experience with one or more fraud detection tools or platforms such as NICE/Actimize, Q2 Sentinel, FICO, Abrigo BAM+, Vertifi, TrueChecks, Alloy, etc.

Responsibilities

• Attend vendor and user group meetings to stay current on tool capabilities and updates.
• Monitor system changes and assess their impact on fraud detection and prevention.
• Fully understand the capabilities of existing fraud tools and identify opportunities for enhancement.
• Coordinate with LOBs to support decision-making related to fraud tools and strategies.
• Document current state, key decisions, and maintain up-to-date records of tool configurations and usage.
• Research and recommend leading practices in fraud prevention and technology utilization.
• Identify and analyze fraud trends across channels and products.
• Participate in the fraud triage team to support rapid response and resolution.
• Provide recommendations for ongoing tuning and configuration of fraud detection systems.
• Bring forward ideas and recommendations to improve fraud prevention strategies.
• Align fraud tool usage with broader business goals and risk appetite.
• Serve as a proactive partner to internal stakeholders and external vendors.

Skills

Strong analytical & problem-solving

Excellent communication & teamwork

Cross-functional collaboration

Education

Bachelor's degree in business/finance/IS

Tools

NICE/Actimize

Q2 Sentinel

FICO

Abrigo BAM+

Vertifi

TrueChecks

Alloy

Job description

First Merchants Bank is seeking a Fraud Strategy & Tools Specialist to join our External Fraud Working Group. The role centralizes and enhances the bank's fraud prevention and detection tools, aligning them with business goals and identifying trends for improvements.

You will coordinate with fraud operations, lines of business, and external vendors, monitor tool capabilities, and recommend proactive enhancements to strengthen fraud detection across channels and products.