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For Companies At a Glance
- Tasks: Develop and implement strategies to combat fraud and improve policies.
- Company: Join a leading financial institution focused on innovation and security.
- Benefits: Enjoy competitive salary, comprehensive health insurance, and tuition reimbursement.
- Why this job: Make a real difference in fraud prevention while growing your career.
- Qualifications: Bachelor’s degree or 4+ years in fraud strategy and prevention.
- Other info: Dynamic work environment with opportunities for advancement and professional growth.
The predicted salary is between 60000 - 90000 £ per year.
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, and payment fraud risks. Certified Fraud Examiner (CFE) or equivalent credentials are preferred.
Tenure
Assignment to the Fraud Strategy Officer I (Category 08) or Fraud Strategy Officer II (Category 07) position will be determined by the candidate's education and/or experience. Advancement requires management recommendation and will be based on the candidate's experience and performance.
Compensation
Salary Pay Range:
- Fraud Strategy Officer I (Category 08): $79,989 - $132,798 annually
- Fraud Strategy Officer II (Category 07): $90,389 - $152,718 annually
Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above. In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range.
Benefits
- Short-term and long-term incentives
- Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
- 401(k) plan with a 5% match
- Employee Assistance Program (EAP)
- Life and disability coverage
- Voluntary cash benefits for accident, hospitalization and critical illness
- Tuition Reimbursement
- Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
Equal Opportunity Employer
Fraud Strategy Officer I, II in 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 Street
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect 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. Show them you’re not just another candidate; you’re genuinely interested in how they tackle fraud and improve their processes.
✨Tip Number 3
Practice your responses to common interview questions, especially those related to fraud prevention and analysis. We want you to sound confident and knowledgeable when discussing your experience and skills.
✨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 that extra step to engage with us directly.
We think you need these skills to ace Fraud Strategy Officer I, II in 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 analysis, 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 abilities, especially in relation to fraud detection and risk assessment. Share specific examples of how you've tackled similar challenges in the past.
Be Clear and Concise: When writing your application, keep it straightforward. We appreciate clarity, so avoid jargon and get straight to the point about your qualifications and experiences that make you 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 see what you bring to the table!
How to prepare for a job interview at Global Credit Union
✨Know Your Fraud Strategies
Make sure you brush up on the latest fraud detection tools and methodologies. Be ready to discuss how you've applied these in past roles or how you would implement them in this new position. Showing that you’re up-to-date will impress the interviewers.
✨Collaborate Like a Pro
This role involves working with various teams, so be prepared to share examples of how you've successfully collaborated in the past. Highlight your interpersonal skills and how you’ve fostered partnerships across different business units to tackle fraud-related challenges.
✨Showcase Your Analytical Skills
Since the job requires advanced analytical capabilities, come equipped with specific examples of how you've conducted risk assessments or root cause analyses. Discuss any tools or techniques you used to identify fraud trends and how you made recommendations based on your findings.
✨Be Ready for Scenario Questions
Expect to face scenario-based questions where you'll need to demonstrate your problem-solving skills. Think about potential fraud incidents and how you would approach them. This is your chance to show off your strategic thinking and decision-making abilities!
