Sr. Fraud Data Analyst

Horizontal Talent - Draper, UT

Full-time - Mid Level

Draper, UT

About the position

Our client is seeking a dedicated and analytical Sr. Fraud Data Analyst to join their remote team. This role is pivotal in identifying and mitigating fraudulent account activity, discovering patterns and anomalies in member behavior, and developing metrics around transactional and operational data to report on fraud attempts, losses, and trends. The Sr. Fraud Data Analyst will play a crucial role in enhancing the organization's fraud prevention strategies and ensuring the integrity of financial transactions. In this position, the analyst will lead the periodic review of rule performance to identify opportunities for improvement, ensuring that the fraud detection mechanisms are effective and up-to-date. They will also lead fraud incidents and report findings to management, providing insights that can help shape the organization's response to fraud attempts. Proactively identifying vulnerabilities and extending fraud monitoring capabilities will be a key responsibility, as will participating in fraud risk assessments across the organization to highlight fraud risks and develop strategies for mitigation. The analyst will assist in root cause analysis efforts to identify new fraud risks and recommend solutions, ensuring that the organization is always one step ahead of potential threats. Additionally, they will participate in the development of fraud governance, maintaining proper documentation of fraud prevention rules, strategies, and metrics as dictated by the organization's fraud governance. This role requires a strong analytical mindset and the ability to work collaboratively with various teams to enhance the organization's overall fraud prevention efforts.

Responsibilities

• Lead the periodic review of rule performance to identify opportunities for improvement
• Lead Fraud incidents and report findings to management
• Proactively identify vulnerabilities and extend fraud monitoring capabilities
• Participate in fraud risk assessment across the organization to highlight fraud risk and develop strategy for mitigation
• Participate in the development of fraud governance
• Assist in root cause analysis efforts to identify new fraud risks and recommend solutions
• Participate in solutioning for enterprise fraud risks
• Assist management with the development of metrics detailing fraud losses, threats, trends, etc.
• Maintain proper documentation of fraud prevention rules, strategies, and metrics as dictated by the organization's fraud governance

Requirements

• Bachelor's degree or equivalent experience
• 5+ years of experience in a data analyst-type role
• 5+ years experience in a fraud-related function
• Proficient in Excel and other MS Office tools
• Understanding of financial services, banking, and/or payment-related processes, regulations, and systems
• Comfortable working in an ambiguous, changing environment
• CFE preferred

Nice-to-haves

• Strong quantitative analytical abilities
• Highly adaptable
• Ability to rapidly assimilate new information
• Understanding of healthcare financial accounts (HSA, HRA, and FSA) and healthcare insurance