Senior Manager, Fraud Platform Operations

Charles Schwab • Lone Tree, CO

206d

About The Position

In 1LOD, the Transaction Risk Interdiction & Detection (TRIAD) team owns an integrated risk management strategy that supports the delivery of predictable financial and operational performance to produce successful client and shareholder outcomes. Our charter is to protect our client's and the firm's assets by preventing and mitigating fraud losses by utilizing various tools and vendor solutions such as Enterprise Risk Engine (Actimize), ThreatMetrix, OASIS, Visa Fraud Modeling, and other vendor Models. TRIAD is responsible for creating strategies to interdict fraud perpetrated by criminals in our MoveMoney products and accounts - Wires, ACH, New Accounts, Visa transactions, Bank Bill Pay, Journals and other Schwab products used to move money to and from Schwab. The team is responsible for reviewing historical transactions of known fraud; reviewing existing in house and vendor models used to score fraud; and to keep abreast of new, emerging threats. The team also works closely with our model product owners, Schwab Model Review Oversight organization, Internal Audit teams, and our business stakeholders and in Banking and Brokerage operations to provide updates and metrics on ongoing fraud effectiveness in all the previously mentioned Move Money products.

Requirements

• 5+ years of SQL programming experience in one or more applications (e.g. SQL Server, Oracle, Teradata, Big Query, Postgres, etc.).
• Good understanding of basic Exploratory Data Analysis (EDA).
• Good understanding of various Software Development Lifecycle methodologies.
• Experience in QA/UAT functional test development and execution.
• Ability to gather business requirements, size them, and align them with strategic objectives.
• Knowledge of project management fundamentals.
• Understanding of financial transactions and their attributes.

Nice To Haves

• 5+ years of Risk Management and Fraud Prevention experience.
• 5+ years of hands-on experience writing fraud prevention rules in financial transaction decision engines such as FICO Blaze Advisor, FICO Falcon, FICO Triad, Actimize IFM, SAS Fraud Management.
• Knowledge of financial transaction, risk scoring / anomaly detection models.
• High level of comfort moving and transforming data.
• Experience testing/back-testing features and strategies.
• Some knowledge of Enterprise-level Big Data environments, Python, R, SAS.

Responsibilities

• Responsible for platform strategy and execution in the Actimize Integrated Fraud Management (IFM) platform for the 1LOD.
• Act as the business Subject Matter Expert (SME) for Enterprise Risk Engine (ERE).
• Work closely with stakeholders to size and implement real-time interdiction strategies across multiple channels and transaction types.
• Own functional/regression testing for new integrations/updates to existing infrastructure.
• Ensure business requirements are accurately captured and implemented for ongoing cloud migrations.
• Develop custom profiles to enrich data to increase model performance.
• Collaborate with various internal and audit teams.

What This Job Offers

• Career Level: Senior
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree