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- Tasks: Develop and implement strategies to combat fraud and enhance security measures.
- Company: Join a leading financial institution focused on innovation and integrity.
- Benefits: Competitive salary, health benefits, and opportunities for professional growth.
- Why this job: Make a real difference in preventing fraud and protecting customers.
- Qualifications: Bachelor’s degree and experience in fraud strategy or banking operations.
- Other info: Dynamic work environment with a focus on continuous improvement and collaboration.
The predicted salary is between 36000 - 60000 £ per year.
Reports to: Fraud Strategy & Analytics Manager
Functions Supervised: None
Primary Functions: This position will develop and implement strategies to reduce fraud, conduct risk assessments, and analyze incidents to improve policies. This role collaborates across teams, optimizes fraud detection systems, monitors trends, and educates staff on anti-fraud practices.
Responsibilities
- Conduct risk reviews and product fraud assessments, partnering with Compliance, Digital Experience and other business partners.
- Participate in IM Enterprise Architecture business case reviews to identify and address fraud concerns in various stages of project development and implementation.
- Conduct root cause analysis reviews of large loss incidents, identify process gaps, and recommend policy changes.
- Maintain fraud incident management records, support remediation efforts.
- Collaborate with Enterprise Fraud Quality Assurance personnel to exchange insights, share lessons learned, and provide input that informs the testing cycle.
- Monitor, analyze, document and report on fraud trends, and alert performance.
- Partner with Fraud Analytics, Data Analytics, and systems administrators to optimize/tune alerts to maximize coverage and effectiveness, while being mindful of false positive rates, operational capacity, and the impact of excess friction on member service.
- Stay current with the latest fraud detection tools, technologies, and methodologies to recommend improvements to existing systems and processes.
- Offer guidance and educational resources to help staff understand their role in preventing fraud.
- Ensure compliance with laws, rules, regulations, policies and procedures applicable to assigned departments and related credit union activities.
- Champion continuous improvement and standardized processes that drive productivity and quality across the credit union.
- Perform other duties as assigned.
Qualifications
- Education: Bachelor’s degree in Business Administration or related field.
- Creditable Experience in Lieu of Education: At least four years of advanced experience in financial institution fraud strategy, prevention, investigation, or operations.
- Experience/Skills: Demonstrated expertise in banking operations, fraud prevention methodologies, and compliance with regulatory standards. Possesses advanced analytical, problem-solving, and decision-making capabilities. Exhibits strong interpersonal skills, effectively fostering collaborative partnerships across diverse business units. Applies strategic and tactical analysis with sound discretionary judgement. Proven oral and written communication proficiency. Thrives in fast-paced, dynamic settings, consistently striving for exceptional outcomes. Experienced in leveraging fraud prevention and detection technologies and tools. Well-versed in strategies for mitigating Identity Theft, check, card, ACH.
Fraud Strategy Officer I, II in Chester-le-Street employer: Global Credit Union
Contact Detail:
Global Credit Union Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fraud Strategy Officer I, II in Chester-le-Street
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect with people on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its fraud strategies. Be ready to discuss how your experience aligns with their needs. We want to see you shine, so practice common interview questions and have your own questions ready!
✨Tip Number 3
Showcase your skills! Bring examples of your past work that demonstrate your expertise in fraud prevention and analysis. Whether it’s a presentation or a case study, let us see how you tackle challenges head-on.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Fraud Strategy Officer I, II in Chester-le-Street
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Fraud Strategy Officer role. Highlight your relevant experience in fraud prevention and analytics, and show us how your skills align with our needs.
Showcase Your Analytical Skills: We love candidates who can think critically! Use your application to demonstrate your analytical prowess. Share examples of how you've tackled fraud-related challenges in the past and the impact of your solutions.
Be Clear and Concise: When writing your application, keep it straightforward. We appreciate clarity, so avoid jargon and get straight to the point. Make it easy for us to see why you’re a great fit for the role!
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the position. We can’t wait to hear from you!
How to prepare for a job interview at Global Credit Union
✨Know Your Fraud Strategies
Make sure you brush up on the latest fraud prevention methodologies and tools. Be ready to discuss specific strategies you've implemented in the past and how they reduced fraud incidents. This shows that you’re not just familiar with the concepts but have practical experience.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical capabilities by discussing past experiences where you conducted risk assessments or root cause analyses. Use specific examples to illustrate how your insights led to policy changes or improved processes, as this role heavily relies on data-driven decision-making.
✨Collaborative Mindset is Key
This position requires collaboration across various teams, so be ready to share examples of how you've successfully partnered with others in previous roles. Highlight your interpersonal skills and how you’ve fostered relationships to achieve common goals, especially in a fast-paced environment.
✨Stay Updated on Trends
Demonstrate your commitment to continuous improvement by discussing how you stay current with fraud detection trends and technologies. Mention any recent developments in the field that you find interesting and how you think they could be applied to enhance existing systems.
