Fraud Risk Officer VP (Hybrid)

$114,720 - $172,080/Yr

Citigroup - Wilmington, DE

Full-time - Mid Level

Hybrid - Wilmington, DE

Credit Intermediation and Related Activities

About the position

The Fraud Risk Officer role is a strategic role in Independent Fraud Risk group within the Operational Risk Management organization. This position is responsible for the oversight of the Fraud Analytics function across all businesses, and legal entities in Citi. The ideal candidate for this role will use their technical expertise to perform credible challenges of the fraud rules and strategies. They should also possess good communication and presentation skills to share their findings with senior stakeholders.

Responsibilities

• Oversee the use of analytical fraud detection solutions as well as the implementation of fraud strategies, policy, and projects.
• Champion the use of machine learning and advanced statistics and data science to optimize trade-off between fraud detection, customer impact and operational costs.
• Challenge fraud prevention strategy, encompassing customer on-boarding, authentication, and transaction monitoring, with special focus on on-line space and emerging financial solutions (such as mobile payments, etc.)
• Support the establishment of proactive fraud prevention mechanisms.
• Review vendors with unique solutions in the fraud prevention space.

Requirements

• Seasoned professional with 5+ years of experience in Analytics or Data Science in Risk Management, preferably Fraud Risk
• Strong understanding of analytical tools supporting risk management.
• Experience in banking products in Consumer, Commercial or Investment Banking.
• Ability to work effectively with individuals from diverse backgrounds, geographies, and levels/positions.
• Ability to work independently and to provide effective challenge.

Nice-to-haves

• Master's degree preferred in field(s) of finance, mathematics, statistics, computer science, engineering or data science.

Benefits

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays