Fraud Prevention Associate : Job Level - Associate
About The Position
The Fraud Prevention Associate position is at the Associate level within Risk, Regulatory & Resilience. This role performs various independent functions to ensure adequate controls are in place by providing an integrated risk and control framework to govern, assess, mitigate and manage financial and operational risk in Operations. The Cyber, Data, Risk and Resilience (CDRR) division provides first-line defenses for information and cyber security, fraud, resilience, response and recovery, and technology risk and controls. The Fraud Department is a global organization responsible for assessing, mitigating, and preventing fraudulent activities across multiple product lines and services to protect the firm and its clients. The team monitors client account activities, investigates fraud incidents, mitigates potential fraud losses, performs root cause analysis and lessons learned, and educates employees and clients to raise fraud awareness. In the Technology division, innovation is leveraged to build the connections and capabilities that power the Firm, enabling clients and colleagues to redefine markets and shape the future of communities.
Requirements
- Bachelor’s degree required
- 3-5 years relevant experience in banking or financial services industry
- Proficiency with productivity, data analysis, and collaboration tools (Excel, PowerPoint, Tableu)
- Exceptional research, critical thinking, and problem-solving skills
- Strong verbal and written communication skills
- Ability to work in a high stress and fast paced environment; often in time-critical scenarios
- Ability to prioritize and manage multiple workstreams effectively
Nice To Haves
- Intermediate understanding of Check, ACH, Wire, Zelle payment channels
- Intermediate understanding of fraud and/or risk mitigation controls
- Intermediate understanding of pulling/manipulating large data sets using SQL/Python for analysis
- Intermediate understanding of account opening controls (digital and/or branch)
- Experience working with technology teams to implement control changes
Responsibilities
- Responsible for evaluating fraud events and clearly outlining the scenario, control suite and potential control deficiencies.
- Analyze fraud events to identify potential control gaps
- Draft remediation plans to mitigate fraud risk
- Track the status of mitigation activities
- Perform research to understand patterns of attack
- Document existing fraud attack methodologies and stay abreast of emerging trends
- Perform business analysis to aid in the development of tactical and strategic controls
- Interpret data to draw conclusions for strategic decision making
Benefits
- Medical
- Prescription Drug
- Dental
- Vision
- Health Savings Account
- Dependent Day Care Savings Account
- Life Insurance
- Disability and Other Insurance Plans
- Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and X Vacation Days annually)
- 10 Paid Holidays
- 401(k)
- Short/Long Term Disability
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
