Quant Analytics Associate II - Fraud Strategy
About The Position
Drive impactful fraud prevention as a Quantitative Analytics Associate on our Point of Sale Fraud team where your advanced risk analyses and strategic insights help reduce fraud losses, protect customers, and influence key decisions across the organization. As a Quantitative Analytics Associate II in the Point of Sale Fraud team, you will manage fraud risk strategies in the Fraud Policy area and perform complex risk analyses with the objective of reducing fraud related losses while balancing customer impact. You will frequently interact and communicate with cross-functional partners and communicate and present presentations to managers and executives.
Requirements
- Bachelor's degree (or related work experience) in a quantitative discipline in a financial services organization, plus 3 or more years' experience in fraud/risk/payments or related field.
- Advanced understanding of Python, SAS, and SQL.
- Ability to query large amounts of data and transform raw data into actionable management information.
- Strong analytical and problem-solving abilities.
- Experience delivering recommendations to management.
- Self-starter with the ability to drive for resolution.
- Strong communication and interpersonal skills with the ability to interact with individuals across departments/functions and with senior-level executives.
Nice To Haves
- Master's degree (or related work experience) in a quantitative discipline, preferably in a financial services organization, plus 3 or more years' experience in fraud/risk/payments or related field.
- Experience with Machine Learning technologies.
- Knowledge of LLMs.
Responsibilities
- Interpret large amounts of complex data to formulate problem statement, concise conclusions regarding underlying risk dynamics, trends, and opportunities
- Manage, develop, communicate, and implement optimal fraud strategies (including rules, cutoffs, policies, operational flows, etc.) to protect the bank from fraud related losses and improve customer experience at Point of Sale
- Identify key risk indicators and metrics, develop key metrics, enhance reporting, and identify new areas of analytic focus to better capture fraud.
- Provide subject matter expertise on strategy implementation/testing and initiatives related to the improvement of risk mitigation processes and infrastructure
- Collaborate with cross-functional partners to understand and address key business challenges
- Identify business opportunity by performing well thought analysis - Data mining, ensuring data integrity, synthesizing and communicating findings to senior management
- Assist team efforts in the critical development of new fraud pattern or spending pattern detection tools while providing clear/concise oral and written communication across various functions and levels, inclusive of Operations, IT, and Risk Management
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Credit Intermediation and Related Activities
Number of Employees
5,001-10,000 employees
