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For Companies At a Glance
- 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.
- Other info: Dynamic work environment with a focus on continuous improvement and collaboration.
- 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.
The predicted salary is between 40000 - 50000 £ per year.
Overview
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 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
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its fraud strategies. We recommend practising common interview questions and even role-playing with a friend. The more prepared you are, the more confident you'll feel!
✨Tip Number 3
Showcase your skills! Bring examples of your past work or case studies that highlight your expertise in fraud prevention and analytics. We want to see how you’ve tackled challenges and made an impact in previous roles.
✨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 take the initiative to engage directly with us.
We think you need these skills to ace Fraud Strategy Officer I, II
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 your expertise and that you're proactive about staying current in the field.
✨Collaborate Like a Pro
Since this role involves working with various teams, think of examples where you've successfully collaborated across departments. Highlight your interpersonal skills and how you foster partnerships to tackle fraud-related challenges. This will demonstrate your ability to work well in a team-oriented environment.
✨Analytical Mindset is Key
Prepare to showcase your analytical skills by discussing past experiences where you've conducted risk assessments or root cause analyses. Bring data or examples that illustrate your problem-solving capabilities and how your decisions led to improved policies or processes.
✨Stay Compliant and Informed
Familiarise yourself with relevant laws and regulations related to fraud prevention. Be ready to discuss how you ensure compliance in your work and any experiences where you've had to navigate complex regulatory environments. This will show that you understand the importance of compliance in fraud strategy.