Job Description
Full job description
Position is remote - Incumbent should reside within the Arvest 4 State Operational Footprint (AR, KS, MO, OK).
Position is Monday through Friday from 8 am to 5 pm with the ability to work additional hours as needed.
Pay is based on a number of factors including the successful candidate’s job-related knowledge and skills, qualifications, and prior experience. Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information about benefits, please visit www.arvest.com/careers/benefits .
The story of Arvest is one of commitment started by our founders in 1961, with an intense dedication to focusing on our customers. We will always be active and involved members of the communities we serve, and we will always work to put the needs of our customers first as we continue to fulfill our mission – People helping people find financial solutions for life.
Job Title: Fraud Strategy Analyst
A Fraud Strategy Analyst at Arvest provides daily oversight and administration of fraud strategy tactics, data mining, trend review and loss mitigation recommendations for senior leadership review. They align to a payment channel, including but not limited to the card, check, digital money movement and account opening/applications. They work with internal business partners to understand how strategies are performing and tune for optimal outputs. The Fraud Strategy Analysts are measured on losses relative to the channel, timely awareness of leadership, partnership ability, and managing customer friction.
What You’ll Do at Arvest: (Other duties may be assigned.)
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 the customer experience.
Interpret large quantities of complex data to formulate problem statements and concise conclusions regarding underlying fraud trends and opportunities.
Identify business opportunities by performing well-thought-out analysis and data mining, ensuring data integrity, and synthesizing and communicating findings to senior management.
Identify and develop key risk indicators and metrics within the payment channel assigned.
Identify new areas of analytic focus to better anticipate or capture fraud through enhanced reporting and research.
Assist team effort in the critical development of new fraud and spending pattern detection tools.
Provide subject matter expertise on strategic implementations and testing initiatives related to improving the risk mitigation processes and infrastructure.
Provide clear and concise oral and written communication across various functions and levels, including fraud operations, information security, technology, and risk.
Work collaboratively with cross-functional partners to understand and address key business challenges.
Stay up to date with industry trends and best fraud detection and prevention practices.
Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.
Toolbox for Success:
Bachelor’s Degree or equivalent professional or military experience
4 years of relevant experience in fraud, risk, payments, or related fields.
Proven track record in solving business problems in either project management or individual contributor roles by leveraging a well-organized and structured approach.
Strong understanding of money movement channels, such as card payments, checks, digital, and P2P.
Strong analytical skills and ability to interpret data sets.
Ability to work independently and manage multiple projects simultaneously.
Relevant military experience is considered for veterans and transitioning service members.
Preferred:
Strong communication and interpersonal skills with the ability to interact with individuals across departments.
Technical skills include MS Office (including Excel), Visualization tools (Tableau, etc.), SQL, etc.
Physical Demands:
The associate must be able to travel occasionally by themselves within the US, possibly overnight. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
We offer competitive compensation, benefits packages, and significant professional growth.
Arvest Bank is committed to providing equal opportunity to all persons regardless of race, color, race-based hairstyles and textures, religion, marital status, sex, ****** orientation, gender identity, pregnancy, age, national origin, disability, veteran status, or any other basis, which now or in the future may be specified by law.
Along with an excellent benefits package, our associates are engaged, rewarded for performance, and encouraged to grow professionally and personally. Our future is driven by our associates. If you want to be recognized for your results and empowered to reach your potential, we urge you to apply.
Grade 16
Pay Range: $74370 - $92965 per year
Position is remote - Incumbent should reside within the Arvest 4 State Operational Footprint (AR, KS, MO, OK).
Position is Monday through Friday from 8 am to 5 pm with the ability to work additional hours as needed.
Pay is based on a number of factors including the successful candidate’s job-related knowledge and skills, qualifications, and prior experience. Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information about benefits, please visit www.arvest.com/careers/benefits .
The story of Arvest is one of commitment started by our founders in 1961, with an intense dedication to focusing on our customers. We will always be active and involved members of the communities we serve, and we will always work to put the needs of our customers first as we continue to fulfill our mission – People helping people find financial solutions for life.
Job Title: Fraud Strategy Analyst
A Fraud Strategy Analyst at Arvest provides daily oversight and administration of fraud strategy tactics, data mining, trend review and loss mitigation recommendations for senior leadership review. They align to a payment channel, including but not limited to the card, check, digital money movement and account opening/applications. They work with internal business partners to understand how strategies are performing and tune for optimal outputs. The Fraud Strategy Analysts are measured on losses relative to the channel, timely awareness of leadership, partnership ability, and managing customer friction.
What You’ll Do at Arvest: (Other duties may be assigned.)
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 the customer experience.
Interpret large quantities of complex data to formulate problem statements and concise conclusions regarding underlying fraud trends and opportunities.
Identify business opportunities by performing well-thought-out analysis and data mining, ensuring data integrity, and synthesizing and communicating findings to senior management.
Identify and develop key risk indicators and metrics within the payment channel assigned.
Identify new areas of analytic focus to better anticipate or capture fraud through enhanced reporting and research.
Assist team effort in the critical development of new fraud and spending pattern detection tools.
Provide subject matter expertise on strategic implementations and testing initiatives related to improving the risk mitigation processes and infrastructure.
Provide clear and concise oral and written communication across various functions and levels, including fraud operations, information security, technology, and risk.
Work collaboratively with cross-functional partners to understand and address key business challenges.
Stay up to date with industry trends and best fraud detection and prevention practices.
Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.
Toolbox for Success:
Bachelor’s Degree or equivalent professional or military experience
4 years of relevant experience in fraud, risk, payments, or related fields.
Proven track record in solving business problems in either project management or individual contributor roles by leveraging a well-organized and structured approach.
Strong understanding of money movement channels, such as card payments, checks, digital, and P2P.
Strong analytical skills and ability to interpret data sets.
Ability to work independently and manage multiple projects simultaneously.
Relevant military experience is considered for veterans and transitioning service members.
Preferred:
Strong communication and interpersonal skills with the ability to interact with individuals across departments.
Technical skills include MS Office (including Excel), Visualization tools (Tableau, etc.), SQL, etc.
Physical Demands:
The associate must be able to travel occasionally by themselves within the US, possibly overnight. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
We offer competitive compensation, benefits packages, and significant professional growth.
Arvest Bank is committed to providing equal opportunity to all persons regardless of race, color, race-based hairstyles and textures, religion, marital status, sex, ****** orientation, gender identity, pregnancy, age, national origin, disability, veteran status, or any other basis, which now or in the future may be specified by law.
Along with an excellent benefits package, our associates are engaged, rewarded for performance, and encouraged to grow professionally and personally. Our future is driven by our associates. If you want to be recognized for your results and empowered to reach your potential, we urge you to apply.
Grade 16
Pay Range: $74370 - $92965 per year
💡 Quick Summary
Seeking a career-building opportunity? The Fraud Strategy Analyst position is now open for candidates interested in the Insurance sector. This role in Chicago 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 Insurance is a plus.
