Fraud Strategy & Tools Architect (Hybrid)

First Merchants Brand; Indianapolis (IN); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Base Pay plus Bonuses

Medical, Dental and Vision Insurance

401k

Health Savings and Flexible Spending

Vacation/Sick Time

Paid Holidays

Paid Parental Leave

Tuition Reimbursement

Additional Benefits

Job summary

First Merchants Bank seeks a Fraud Strategy & Tools Specialist to join our team in a hybrid role. This position centralizes and enhances the bank’s use of fraud prevention tools, aligning them with business goals and coordinating with fraud operations, LOBs, and external vendors.

The role requires a bachelor’s degree and 3+ years in fraud prevention or fintech, with experience in fraud analytics and multiple tools. Strong communication and documentation skills are essential.

Qualifications

• Bachelor’s degree in business, finance, information systems, or related field.

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.
• Understand fraud practices and control effectiveness.
• 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

Analytical skills

Communication

Cross-functional teamwork

Fraud typologies knowledge

Business value translation

Documentation & organization

Education

Bachelor’s degree in business, finance, information systems, or related field

Tools

NICE/Actimize

Q2 Sentinel

FICO

Abrigo BAM+

Vertifi

TrueChecks

Alloy

Job description

First Merchants Bank seeks a Fraud Strategy & Tools Specialist to join our team in a hybrid role. This position centralizes and enhances the bank’s use of fraud prevention tools, aligning them with business goals and coordinating with fraud operations, LOBs, and external vendors.

The role requires a bachelor’s degree and 3+ years in fraud prevention or fintech, with experience in fraud analytics and multiple tools. Strong communication and documentation skills are essential.