Fraud Strategy and Analytics - Lead Analyst (Fortune 250 Financial Services Firm)

Riverwoods, IL

Posted: 08/27/2018 Employment Type: Direct Hire Job Category: Fraud Job Number: 63
Job Description
This strategy role supports fraud prevention analysis for Personal Loans acquisitions. This will include analysis around first party, 3rd party and synthetic fraud losses and fraud activity

The role requires the person to be highly analytical and the ability to work closely with business partners in Operations, Risk, Finance and Technology. Past experience in financial industry a must, with experience in fraud analytics or a credit risk role preferred. Knowledge of industry leading fraud tools and models a plus.

Identifying fraud trends and developing creative strategies for fraud prevention for the product and leading these ideas through to fruition with business partners is a primary criterion for success. This role offers a significant and challenging opportunity for the right person looking to apply existing skills while also providing extensive opportunities to further develop a broad range of fraud management capabilities within a large scale financial services firm. 

Key Responsibilities
  • Establish a good understanding of the personal loans product, operations and fraud activity.
  • Ability to do financial and product analytics to evaluate acquisition related fraud losses.
  • Ability to understand acquisition processes to evaluate breakages and possible fraud risk.
  • Operate as a subject matter expert for the consumer loan portfolio.
  • Proactively monitor fraud metrics and performance and advise management of trends and recommend applicable actions / preventive solutions.
  • Evaluate new cutting edge fraud tools and implement with technology and operations.
  • Support system testing and fraud-related ad-hoc projects.
  • Promote a risk-aware culture, ensuring efficient and effective risk and compliance management practices by adhering to require standards and processes
Specific Requirements
  • Minimum three years professional experience within the financial services industry. Experience in fraud prevention or credit risk role preferred.
  • Strong knowledge of fraud prevention industry practices and performance measurements.
  • Extensive working knowledge of SAS and SQL
  • Knowledge of fraud tools and models a plus
  • Demonstrated project management skills, including ability to prioritize, meet deadlines and follow through on completion of complex, high-profile projects.
  • Detail oriented with aptitude to implement quality controls throughout work processes.
  • Excellent communication and interpersonal skills with the ability to interact with all levels of the organization.
  • Ability to work well with minimal direction.   Demonstrated problem solving, decision making, and leadership skills required.
  • High degree of proficiency with statistical software and other analytical tools, especially SAS & SQL.
  • Minimum Bachelors degree required, Masters degree in Economics, applied Social Sciences or MBA with emphasis in quantitative disciplines (statistics, econometrics, etc.) preferred.

fraud analytics, fraud analytics, data science

Spencer Knibbe
Managing Partner

Spencer is the Founder and Managing Partner of MBK Search, LLC - an executive search firm that specializes in the governance, risk, compliance, and cybersecurity market space. Prior to founding MBK, Spencer was Head of Operational Risk at Bridgewater Associates. Before moving to Bridgewater, Spencer was the Head of Risk for ICAP, Plc covering the Americas Region. He started his career in venture capital as an investment associate.

Spencer graduated from Harvard University in 2001 and resides in Ridgefield, CT with his wife and two sons.

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