Fraud Analyst
Job Location:
Minneapolis, MN - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
At U.S. Bank were on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life and each person is unique in their potential. A career with U.S. Bank gives you a wide ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things learn new skills and discover what you excel atall from Day One.
Responsible for leading managing monitoring and coordinating fraud risk management initiatives and strategies for card products with a primary focus on PCS application fraud and account takeover fraud. Predicts and evaluates fraud risk develops and implements policies and procedures to mitigate fraud and assesses the profit and loss impact of changes to risk management strategies. Drives fraud trend detection identity theft prevention and fraud control enhancements while collaborating across teams to ensure strategic alignment and effective fraud prevention outcomes. Develops and maintains the analytical frameworks reporting and support systems used to manage fraud claims monitor performance and support risk-based decision making.
Additional Job Description:
Monitor and analyze identity theft fraud patterns to identify emerging fraud risks in both new applications and account takeover.
Develop and execute strategic initiatives to address ID Theft fraud including application balance transfer rush card requests and non-monetary changes (same day).
Identify and implement opportunities to optimize manual review rates and auto-decline rates keeping alert volume flat (or a reduction).
Demonstrate and maintain advanced coding and data analysis skills (SAS SQL)
Collaborate with cross-functional teams to align and improve fraud mitigation efforts.
Lead monthlybusiness reviews and follow-ups on loss performance and fraud-related events.
Ownership of identity theft fraud losses to ensure they remain below monthly and annual loss thresholds.
Monitor and communicate partner specific fraud trends to business partners at least monthly.
Provide weekly updates and strategic insights to leadership and stakeholders.
Engage with enterprise partners to strengthen identity theft fraud controls and strategies.
Measure the effectiveness of fraud strategies and optimize rules based on trend analysis and outcomes.
Applies Copilot AI to extract key themes from data and automate reporting.
Utilize storytelling techniques to highlight actionable trends that support proactive fraud strategy.
Manage rule bases to ensure rules are optimized providing fraud detection while generating acceptable alert levels.
Basic Qualifications
- Bachelors degree or equivalent work experience
- Typically more than eight years of applicable experience
Preferred Skills/Experience
- Comprehensive knowledge of all departmental data sources and of fraud risk and operations management associated with the product lines
- Strong analytical skills relative to evaluating fraud prevention infrastructure and forecasting fraud loss trends
- Strong project management skills
- Effective verbal and written communication skills
- Proficient computer navigation skills using a variety of software packages including Microsoft Office applications and data analysis software
LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.
NOTE: This position is not eligible for current or future visa sponsorship.
If theres anything we can do to accommodate a disability during any portion of the application or hiring process please refer to ourdisability accommodations for applicants.
Benefits:
Our approach to benefits and total rewards considers our team members whole selves and what may be needed to thrive in and outside work. Thats why our benefits are designed to help you and your family boost your health protect your financial security and give you peace of mind. Our benefits include the following:
Healthcare (medical dental vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked up to 80 hours per calendar year unless otherwise provided by law
Review our full benefits available by employment status here.
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race religion color sex national origin age sexual orientation gender identity disability or veteran status and other factors protected under applicable law.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.
The salary range reflects figures based on the primary location which is listed first. The actual range for the role may differ based on the location of the addition to salary U.S. Bank offers a comprehensive benefits package including incentive and recognition programs equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $119765.00 - $140900.00U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition certain positions may also be subject to the requirements of FINRA NMLS registration Reg Z Reg G OFAC the NFA the FCPA the Bank Secrecy Act the SAFE Act and/or federal guidelines applicable to an agreement such as those related to ethics safety or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
Required Experience:
IC
About Company
Experience personalized banking services for your unique needs with U.S. Bank - Checking, credit cards, home loans & convenient online banking. Member FDIC.
