Job Description
Job details
Job Type
Full-time
Regular / Permanent
Full Job Description
Job Description:
Are you a motivated individual interested in a role that leverages analytics combined with creative and strategic thinking? Do you have an interest in protecting customers from becoming victims of fraud or scams? Are you intellectually curious and enjoy solving difficult problems? Do you want to be in a space that is growing and rapidly changing the way we do business? If yes, working on the Check Fraud Risk Strategy could be your next job.
The Check Fraud Risk Strategy team is responsible for leveraging machine learning and other data analytics to build strategies and process improvements to protect customers and the firm from fraud associated with Check based transactions. The team focuses on four main areas:
• Reducing fraud losses by detecting unusual activity on customer accounts
• Reducing operational expenses associated with reviewing potentially fraudulent transactions
• Reducing negative customer experience and complaints due to Fraud strategies
• Developing risk appetite for new products and features offered to customers to simplify their experiences and new technology capabilities to identify fraud trends
The Senior Associate will be responsible for supporting the end to end fraud management life cycle including achieving fraud loss budget targets and transaction alert rate targets, identifying opportunities to improve the client experience, and working with the Fraud Risk Product Owner to integrate new fraud capabilities and technology improvements.
Job Requirements:
A successful individual in this role will:
• Think analytically with the ability to synthesize large sets of data into the key themes
• Be naturally curious with a desire to explore the unknown and think outside the box
• Be a strong communicator both verbally and through PowerPoint / Excel
• Work well in a team environment, including cross-functional teams
• Have a passion for problem solving and be comfortable with ambiguity
• Will be expected to work independently and multi-task on several projects and processes and responding to emerging issues
• Can influence thought leadership in work areas across the function
• Effectively mentors other analysts within same risk team and other risk teams to help them develop their risk management skills and knowledge.
• Take complete ownership and accountability towards delivering on goals and priorities for the business / function
• Be recognized as subject matter expert in the functional area
Job Qualifications:
• 7-10 years' experience in risk management, strategic analytics, or data science
• Proficient in programming language (SAS and SQL), PowerPoint, and Excel
• Strong analytical/problem solving skills and attention to detail
• Self-motivated and pro-active with proven ability to work accurately and under pressure
• Ability to summarize and explain clearly large and complex information to a wide range of audiences (C-suite, Finance, Modeling, and Controls)
• Proven ability to communicate effectively within a team environment and establish effective partnerships across the organization
Job Type
Full-time
Regular / Permanent
Full Job Description
Job Description:
Are you a motivated individual interested in a role that leverages analytics combined with creative and strategic thinking? Do you have an interest in protecting customers from becoming victims of fraud or scams? Are you intellectually curious and enjoy solving difficult problems? Do you want to be in a space that is growing and rapidly changing the way we do business? If yes, working on the Check Fraud Risk Strategy could be your next job.
The Check Fraud Risk Strategy team is responsible for leveraging machine learning and other data analytics to build strategies and process improvements to protect customers and the firm from fraud associated with Check based transactions. The team focuses on four main areas:
• Reducing fraud losses by detecting unusual activity on customer accounts
• Reducing operational expenses associated with reviewing potentially fraudulent transactions
• Reducing negative customer experience and complaints due to Fraud strategies
• Developing risk appetite for new products and features offered to customers to simplify their experiences and new technology capabilities to identify fraud trends
The Senior Associate will be responsible for supporting the end to end fraud management life cycle including achieving fraud loss budget targets and transaction alert rate targets, identifying opportunities to improve the client experience, and working with the Fraud Risk Product Owner to integrate new fraud capabilities and technology improvements.
Job Requirements:
A successful individual in this role will:
• Think analytically with the ability to synthesize large sets of data into the key themes
• Be naturally curious with a desire to explore the unknown and think outside the box
• Be a strong communicator both verbally and through PowerPoint / Excel
• Work well in a team environment, including cross-functional teams
• Have a passion for problem solving and be comfortable with ambiguity
• Will be expected to work independently and multi-task on several projects and processes and responding to emerging issues
• Can influence thought leadership in work areas across the function
• Effectively mentors other analysts within same risk team and other risk teams to help them develop their risk management skills and knowledge.
• Take complete ownership and accountability towards delivering on goals and priorities for the business / function
• Be recognized as subject matter expert in the functional area
Job Qualifications:
• 7-10 years' experience in risk management, strategic analytics, or data science
• Proficient in programming language (SAS and SQL), PowerPoint, and Excel
• Strong analytical/problem solving skills and attention to detail
• Self-motivated and pro-active with proven ability to work accurately and under pressure
• Ability to summarize and explain clearly large and complex information to a wide range of audiences (C-suite, Finance, Modeling, and Controls)
• Proven ability to communicate effectively within a team environment and establish effective partnerships across the organization
💡 Quick Summary
Seeking a career-building opportunity? The Check Fraud Strategy Lead position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
