Sr. Risk Analyst

Travis Credit Union•Vacaville, CA

14h•Hybrid

About The Position

Travis Credit Union’s (TCU) Risk Analyst is responsible for identifying, analyzing, and mitigating fraud-related risks to protect the credit union and its members. The responsibility of the role spans across credit union membership inclusive of consumer and business relationships, member engagement channels and all payment types. This role involves data analysis, monitoring transactions, assessing potential risks, tuning fraud mitigation tools balanced to risk tolerance and member experience, completing root cause analysis of suspicious activities, building and maintaining fraud metrics at a product level, and implementing strategies to prevent emerging fraud trends. The Risk Analyst works cross functionally with a diverse set of stakeholders from the business as well as shared services functions ensuring compliance with regulatory standards while improving fraud detection and prevention measures. This role is ideal for individuals who are analytical, proactive, and passionate about combating fraud and ensuring financial security.

Requirements

Proficient in data analytics tools such as R, Python, SAS, Tableau, PowerBI and Excel.
Working knowledge of banking risk management platforms.
Strong knowledge of regulatory requirements related to fraud and financial crime.
Strong working knowledge of fraud authorization, authentication, identity proofing, dispute resolution and loss recovery solutions.
Analytical and detail-oriented mindset.
Strong communication and report-writing skills.
Ability to handle sensitive information with discretion and professionalism.
May require working under tight deadlines and handling high-pressure situations.
Bachelor’s degree in Data Science, Finance, Business Administration, or Criminal Justice with a minimum of 5 years of equivalent work experience; or 9 years of equivalent work experience.

Nice To Haves

Strong working experience with retail payments and consumer-based fraud tools preferred.
Working understanding of lean six sigma measurement systems preferred.
Certifications such as a CFE (Certified Fraud Examiner) or CRMA (Certified Risk Management Assurance) or Lean Six Sigma preferred.

Responsibilities

Reviews and analyzes financial transactions for unusual or suspicious patterns resulting in the continual optimization of fraud risk mitigation tools and processes.
Reviews and analyzes KYC identity proofing solutions for unusual or suspicious patterns resulting in the continual optimization of physical and digital identity proofing solutions.
Assesses fraud risk trends and patterns to develop proactive prevention strategies leveraging predictive analytics.
Performs root-cause analysis to identify vulnerabilities in processes or systems.
Provides detailed risk assessments and recommendations to mitigate potential threats.
Builds, optimizes and reports out on fraud performance on a monthly basis.
Conducts complex link analysis on large scale fraud events.
Prepares comprehensive reports with findings, supporting evidence, and recommendations.
Collaborates with law enforcement and regulatory agencies on fraud cases when necessary.
Ensures adherence to regulatory requirements and internal fraud prevention policies.
Contributes to the development and updating of fraud prevention, risk tolerance and risk management policies.
Works with internal and external teams (e.g., branch banking, contact centers, compliance, legal, digital banking, deposit product, lending product, operations, card processor, software suppliers, fraud working groups, etc.) to enhance fraud detection measures.
Contributes to the building of fraud training and awareness sessions on fraud prevention to credit union employees.