Fraud Strategy Analyst Mid-Level

$128,480 - $128,480/Yr

USAA - Colorado Springs, CO

posted 5 months ago

Full-time - Mid Level
Remote - Colorado Springs, CO
Credit Intermediation and Related Activities

About the position

As a dedicated Fraud Strategy Analyst Mid-Level at USAA, you will play a crucial role in gathering and analyzing internal business requirements through interviews, workflow analyses, and facilitated discussions with users. Your primary responsibility will be to translate these business requirements into detailed functional designs that will guide development, testing, and implementation processes. You will apply various methodologies, prepare detailed specifications, and create related documentation to ensure that the business needs are met effectively. In this position, you will serve as a domain expert, gathering requirements and conducting thorough research and analysis of system details, parameters, or options necessary for implementing business rules, product offerings, or changes to existing systems and applications. You will perform comprehensive feasibility studies, enterprise impact assessments, and cost/benefit analyses to support decision-making processes. Additionally, you will be responsible for completing complex recurring, scheduled, or ad-hoc system changes, developing and administering change control processes, and ensuring compliance with established guidelines and standard processes. Your role will also involve reviewing post-implementation documentation to extract lessons learned and recommending changes based on your findings. You will develop and maintain a deep understanding of the Line of Business, Bank Fraud & Central Operations, and Enterprise systems, processes, procedures, products, and industry practices. Furthermore, you will analyze applicable system updates and make recommendations to align with technology and business direction. As part of your responsibilities, you will develop and implement testing, implementation, and communication plans for new or modified system parameters, options, product details, or system outputs. You will partner with teams to analyze and resolve system outages or production issues, develop and review operating procedures and documentation, and ensure that processes meet audit guidelines. Your analytical skills will be essential in reporting discrepancies to management and providing recommendations for resolution. You will prioritize business rules initiatives and summarize insights from your analyses to develop effective business rules, ensuring that risks associated with business activities are identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Responsibilities

  • Gather and analyze internal business requirements through interviews and discussions.
  • Translate business requirements into detailed functional designs for development and testing.
  • Conduct feasibility studies, enterprise impact assessments, and cost/benefit analyses.
  • Complete complex recurring, scheduled, or ad-hoc system changes.
  • Develop and administer change control processes ensuring compliance with guidelines.
  • Review post-implementation documentation for lessons learned and recommend changes.
  • Develop and maintain knowledge of Line of Business, Bank Fraud & Central Operations, and Enterprise systems.
  • Analyze system updates and make recommendations to align with technology and business direction.
  • Develop and implement testing, implementation, and communication plans for new or modified system parameters.
  • Partner in analyzing and resolving system outages or production issues.
  • Develop and review operating procedures and documentation to meet audit guidelines.
  • Analyze and report discrepancies to management with recommendations for resolution.
  • Prioritize business rules initiatives and report status.
  • Summarize insights from analysis to develop business rules.
  • Ensure risks associated with business activities are effectively identified and controlled.

Requirements

  • Bachelor's degree or 4 years of related experience may be substituted in lieu of degree.
  • 4 years of experience consulting with customers/stakeholders and translating needs into requirements.
  • Advanced degree in Information Management or related field with 2 years of relevant experience may substitute for experience.
  • Demonstrated experience in cost benefit analysis methodologies and tools.
  • Developing level of experience applying business rules in technology solutions.
  • Strong written and verbal communication skills and attention to detail.
  • Developing knowledge of relevant regulatory compliance and risk management practices.

Nice-to-haves

  • US military experience through military service or as a military spouse/domestic partner.
  • Fraud experience.
  • 4+ years' experience with Excel for data analysis and reporting.
  • Bachelor's or Master's in a quantitative discipline.
  • 4+ years' experience in the financial industry, preferably in fraud.
  • 4+ years' experience conducting root cause and trend analysis.
  • Experience with SAS and SQL for data manipulation and reporting.

Benefits

  • Comprehensive medical, dental, and vision plans.
  • 401(k) and pension plans.
  • Life insurance coverage.
  • Parental benefits and adoption assistance.
  • Paid time off program with paid holidays and 16 paid volunteer hours.
  • Various wellness programs.
  • Career path planning and continuing education opportunities.
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