Digital Fraud Strategy Role - Financial Services

Digital Fraud Strategy

Process Overview: Building out Strategies, Analytics & Process Integration team in India driving improved fraud detection & loss reduction

Job Description:

- Experienced analytics professional to lead a team that focuses on Strategic Initiatives for various Fraud strategies. This leader will be responsible for the following key areas:

- Leading a team of analysts for digital fraud prevention data analytics and strategies business.

- Executing the Firm's fraud risk appetite by deploying new fraud strategies to reduce losses and deter future fraud attacks while simultaneously striving to lower customer disruption, improve client satisfaction, and reduce operational expenses.

- Proactively managing fraud risk by urgently responding to immediate threats while keeping an eye toward future risks, vulnerabilities, and changes to the fraud landscape

- Conducting defect analysis on fraud claims to establish root causes of problems and remediate gaps.

Responsibilities:

- Driving initiatives to challenge the status quo, relentlessly optimizing fraud strategies, using new tools and techniques, and approaches.

- Supporting the implementation of new models and tools within the strategy

- Providing analytical support for new products and policies

- Managing a team of both junior and more senior analysts , providing insight and leadership, and prioritizing work in a highly dynamic environment.

- Ensuring that the right controls are baseline routines are in place for the portfolio, including a robust review of incoming fraud claims, early detection of portfolio abnormalities, and correct MIS/reporting to track performance.

Requirements:

Education : Bachelor's degree is required, ideally in a quantitative discipline such as mathematics, statistics, economics, business, engineering, finance, or operations research.

Exp range:

- Candidate must have 10 to 15 years of relevant experience in financial services, with around 5 years in risk / fraud functions.

- Experience in leading teams and driving data analytics for digital banking products like Zelle/P2P transfers/Bill Pay/Wires & ACH transfers/Scams & Mules/Mobile Wallets

Foundational Skills:

- Candidate must be proficient with SAS and SQL and reporting tools like tableau.

- Candidate must be familiar with the use of statistical modeling packages.

- Experience in dealing with complex data to identify trends, provide actionable insights and drive strategic decision making.

- Candidate must have superior communication skills and be able to present confidently to all levels of the organization, with the appropriate level of detail for the audience.

- Candidate must have exceptional organization skills and be able to deal with multiple critical projects underway at once, while dealing with the day-to-day management of fraud

- Ability to work in a fast-paced, dynamic environment is critical considering evolving fraud trends.