Fraud Business Analyst

Fifth Third Bank • Cincinnati, OH

1d • Onsite

About The Position

The Fraud Program Leader I helps to identify and define fraud operations/systems needs and requirements. This role serves as the primary liaison between vendors, lines of business, operational support, and Information Technology. The individual partners with business units to develop a solid knowledge base of the business line, including its business plan, products, and processes that drive the management of fraud risk. This role supports identified projects and programs by applying thought leadership and change management concepts to create executable plans. The Fraud Program Leader I works to drive strategic alignment, oversight/support with Operations, and leads with agility by anticipating and leading change. This role is responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. The individual is accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Requirements

• Strong subject matter expert in appropriate laws, regulations, and guidance.
• Bachelor's degree or equivalent work experience required.
• Five + years’ fraud and/or bank operations or equivalent experience preferred.
• Advanced understanding of Fifth Third Banking products, business lines, regional structure, operations, and corporate support organization, including the Bank's management teams and decision-making operations.
• Excellent oral and written communication skills.
• Effectively communicates upward, downward, and laterally.
• Displays a positive business presence with management and external contacts.
• Must be able to demonstrate sound judgment and apply logical and critical thought processes when developing and recommending solutions.
• Strong analytical, problem-solving, multi-tasking, and conflict resolution skills.

Responsibilities

• Develop, strengthen, and/or implement department and cross-department business unit policies, procedures, and processes.
• Ensure compliance with existing laws and regulations, including governance, policies and procedures, monitoring, reporting, communications, and education, where appropriate.
• Identify opportunities, establish action plans, and drive solutions to continuously improve fraud policies, procedures, and tools, and increase efficiency.
• Monitor fraud-related regulatory and industry developments and provide input to department and cross-department teams regarding emerging issues and interpretation of regulations.
• Proactively research specific issues relating to fraud risk and develop action plans, as needed, to mitigate identified risks.
• Prepare materials for Council, Committee, and other oversight meetings.
• Develop and deliver reports to senior management.
• Assist in closing regulatory, audit and self-identified fraud-related program deficiencies and other issues.
• Assess the adequacy of the business units/regions recommended corrective action to issues or gaps identified and support post-implementation validation of any implemented changes.
• Participate and/or lead regular meetings with peers to build and maintain knowledge of current and emerging issues and risk in the fraud environment.
• Work with line of business team members to identify and remediate fraud risk.
• Contribute updates to the risk assessments.
• Facilitate, lead, or assist with training.
• Perform root cause analysis to solve Fraud problems, conduct data analysis, and document and communicate findings and solutions appropriately.
• Assist in the review of new products and services for fraud risk.
• Recommend solutions based upon subject matter expertise.
• Contribute or lead the completion of special projects.
• Build industry relations through industry networking.
• May be responsible for providing employees timely, candid, and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

Benefits

• Comprehensive benefits
• Differentiated compensation offerings
• Incentive compensation plan
• Extensive benefits programs designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level