Fraud Strategy Analyst 1LOD

City National Bank • Los Angeles, CA

20h • Onsite

About The Position

The Non-Card Fraud Strategy Analyst participates actively in the Bank's fraud prevention and risk management activities to identify and mitigate both the Bank's and our clients' exposure to potential fraudulent activities. The Analyst works with the Fraud Strategy Lead and is responsible for evaluating client and situational/threat trends by payment type, division, fraud schemes and other relevant metrics. The individual should be able to identify the current or upcoming risk and design an end-to-end control strategy to mitigate against the risk. The Analyst should be able to identify the trend, analyze data and provide information-based recommendation to optimize the control environment. In addition, the lead will use the analytics to identify gaps, risks and issues to better drive fraud mitigation performance.

Requirements

• Bachelor's Degree or equivalent
• Minimum 5 years of experience within Fraud prevention and detection for a fintech or bank.
• Minimum 3 years of hands-on experience working with fraud data, excellent at SQL/Python and Excel and know what to look for and how to direct an analytical team

Nice To Haves

• Prefer a degree to be in Statistics, Math, Operations Research or other analytical or quantitative discipline.
• Ownership Mindset: Must have high degree of initiative and passion to improve the fraud security and customer experience.
• Leadership Traits: Must be able to aid in advocating and driving an initiative to completion through professionalism, confidence and cooperation.
• Team Building Skills: Must be a collaborative team player.
• Hands On: Must be able to write your own SQL code, build business cases in excel or create PowerPoint presentations then this is not the right role for you.
• Business Acumen: Must have strong business acumen such as (i) ability to think strategically, frame for success and execute tactically (ii) understand how to prioritize most important and (iii) deliver results over short, medium and long term.
• Strong Problem-Solving Skills: Ability to identify the root cause problem and identifying the solution that will create maximum impact
• Experience with new digital applications like real time payments, apple wallet, virtual cards etc.
• Experience with quantitative, analytical and business acumen skills: ability to derive patterns and trends, perform risk-reward trade off analysis, create pitch decks to socialize etc.

Responsibilities

• Assist in efforts to evaluate current and upcoming threats, identify control environment and opportunity and determine enhancement and work with product, technology, operations to create a roadmap
• As part of a project team, partner with business and product stakeholder to ensure the products can be securely rolled out
• Working with the Fraud Strategy Lead, execute Fraud Risk Assessment(s) to ensure the vulnerabilities are identified and steps are taken to mitigate the risk
• Must have end to end ownership of the identified fraud risk and operational metrics reporting. Use data to identify current, historic and emerging risks within accounts, across channels and within products. Must have extensive domain experience in using data and analytics you help mitigate non-card fraud while creating “friction right” experiences that enable us to grow.
• Working with Fraud Rules Strategy, be able to evaluate and identify risks in system rule efficiency and effectiveness.
• Concisely communicate the fraud trend recommendation to the stakeholders including leadership across different groups to ensure alignment.

Benefits

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees