Fraud Risk Analyst 5

U.S. Bank•Minneapolis, MN

1d•Hybrid

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. As a Senior Fraud Risk Analyst, perform the strategic development, implementation, and oversight of fraud detection rules across multiple platforms, including Falcon, VCAS, VRM, and MDES. Responsible for ensuring fraud mitigation strategies are data-driven, compliant, and aligned with enterprise risk policies. Bridge technical fraud analytics, operational execution, and cross-functional collaboration to protect the bank and its customers from evolving fraud threats.

Requirements

Bachelor’s degree, or equivalent work experience
Typically more than eight years of applicable experience

Nice To Haves

Comprehensive knowledge of all departmental data sources, and of fraud risk and operations management associated with the product lines
Strong analytical skills relative to evaluating fraud prevention infrastructure and forecasting fraud loss trends
Strong project management skills
Effective verbal and written communication skills
Proficient computer navigation skills using a variety of software packages including Microsoft Office applications and data analysis software

Responsibilities

Design, implement, and monitor fraud detection rules using Falcon, VCAS, VRM, and MDES platforms.
Implement rule change documentation and monitor rule performance following model updates, in accordance with SOX and audit controls.
Manage monthly rule performance reviews (RPRs), ensuring rules meet false positive thresholds and are optimized for loss mitigation.
Manage trends for fraud loss performance, including monitoring loss trends, identifying rule‑level gaps contributing to losses, and implementing targeted rule updates to reduce exposure while balancing customer experience.
Oversee the Trend Detection and Monitoring control, including procedure updates, training, and compliance reviews.
Analyze emerging fraud patterns (e.g., cash advance fraud, mobile wallet relay, test auth transactions) and implement targeted rule responses.
Conduct monthly deep‑dive analyses across multiple data segments, delivering diagnostic and prescriptive insights through clear, data‑driven storytelling to inform management decisions.
Ensure fraud rule governance aligns with internal policies and external mandates (e.g., EFRM, internal controls and procedures, and SOC1).
Collaborate with legal and compliance teams on rule attestation processes and regulatory interpretations.
Maintain documentation and audit trails for rule changes, including secure storage and access controls.
Partner with Fraud Strategy, PCS Risk, , and Retail Banking Payments groups to align rule strategies and reporting.
Participate in working groups and business reviews with Visa and Mastercard to address network mandates and fraud trends.
Coach fraud analysts on rule writing, trend analysis, and strategic thinking.

Benefits

Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
incentive and recognition programs
equity stock purchase
pension