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Fraud Model Analyst

Location : Wilmington, DE
Job Type : Direct
Reference Code : 90129449
Hours : Full Time
Travel : No
Relocation : No

Job Description :

Fraud Risk Management:

The role of the fraud risk team is to assess the risks we face and ensure strategies are put in place to mitigate these risks to protect our business, clients and customers without compromising the accessibility of our products and services


Overall purpose of role:

·         Role holder is responsible for monitoring fraud models to optimise effectiveness of Fraud strategy and policy across all products and all fraud types.

·         Role holder is responsible for ensuring fraud models are complaint with Model Risk policy.



o    Key specific accountabilities

·         Ensure compliance to Risk Model Policy and Standards for models owned by Fraud Risk

·         Periodically assess the effectiveness of Fraud models used for Fraud detection. Monitor performance of fraud model as per control framework defined by Model risk policy and measure resulting impact on fraud strategy

·         Engage and interact with Vendors to manage new/existing fraud detection models to ensure these models and associated vendor services meet model policy  and challenge where performance does not meet with standards or SLA

·         Provision of fraud systems/data Subject-matter-expertise and advisory to business model owners

·         Support partner launches and conversions by analysing impact from fraud models

o    Stakeholder management and leadership

·         Accountable for communicating model monitoring and performance reporting to relevant business stakeholders

·         Update Senior Management on specific areas of fraud risk and/or potential opportunity related to fraud model to improve fraud detection

·         Participate in bank-wide projects and interact with external vendor as Subject Matter Expert (SME) on Fraud models

o    Decision making and problem solving

·         Strong analytical ability to identify data and performance issues related to fraud models through analysis and ability to quantify potential impact to fraud detection

·         Ability to understand the entire process flow for fraud model life cycle and management of fraud risk models as per model risk policy


o    Basic Qualifications

·         Four-year bachelor’s college degree in quantitative discipline required (ex. Statistics, Operations Research, Economics, Computer Science, and Engineering).

·         2+ years analytical work experience performing data and/or statistical analysis

·         2+ years programming experience in SQL/SAS/Unix/Oracle programming

o    Preferred Qualifications

·         Credit card experience strongly preferred especially in risk management function

·         Experience in Fraud detection preferred, but not required

·         Masters or Higher degree in Quantitative discipline preferred

·         Strong analytical skills, technical skills in SAS/SQL and statistical skills with proven ability to process vast amounts of data into meaningful information

·         Ability to solve advanced problems and deal with a variety of options in complex situations

·         Strong communication skills & ability to work independently


Required Qualifications :
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