Fraud Strategy Analyst 1LOD
FRAUD STRATEGY ANALYST 1LOD
WHAT IS THE OPPORTUNITY?
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. The colleague will be in charge of managing reporting for the fraud department.
What you will do
Planning: 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
New Product Assessment and Business Enablement: As part of a project team, partner with business and product stakeholder to ensure the products can be securely rolled out
Risk Assessment: 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
Execution: 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.
System: Working with Fraud Rules Strategy, be able to evaluate and identify risks in system rule efficiency and effectiveness.
Communication: Concisely communicate the fraud trend recommendation to the stakeholders including leadership across different groups to ensure alignment.
Must-Have*
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
Skills and Knowledge
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.
Be proficient in SQL and Tableau and must have experience building quality Tableau dashboards that can be used by the upper management and in presentation decks.
Fraud experience is preferred but not required.
Must have good soft skills as requirement collecting and communication across teams is required.
Compensation
Starting base salary: $92,114 - $156,880 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.
Apply Now
WHAT IS THE OPPORTUNITY?
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. The colleague will be in charge of managing reporting for the fraud department.
What you will do
Planning: 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
New Product Assessment and Business Enablement: As part of a project team, partner with business and product stakeholder to ensure the products can be securely rolled out
Risk Assessment: 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
Execution: 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.
System: Working with Fraud Rules Strategy, be able to evaluate and identify risks in system rule efficiency and effectiveness.
Communication: Concisely communicate the fraud trend recommendation to the stakeholders including leadership across different groups to ensure alignment.
Must-Have*
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
Skills and Knowledge
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.
Be proficient in SQL and Tableau and must have experience building quality Tableau dashboards that can be used by the upper management and in presentation decks.
Fraud experience is preferred but not required.
Must have good soft skills as requirement collecting and communication across teams is required.
Compensation
Starting base salary: $92,114 - $156,880 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.
Apply Now