Card Fraud Risk Analyst

The Card Fraud Risk Manager is responsible for the development, implementation, and ongoing management of fraud detection and prevention rules for card transactions.

This role involves analyzing transaction data, identifying fraud patterns, and optimizing rule sets to minimize fraud losses while maintaining a positive customer experience.

The manager will work closely with business analysts, fraud investigators, and other stakeholders to ensure that the rules are effective, up-to-date, and aligned with the bank's overall fraud prevention strategy.

Key Responsibilities


* Rule Development and Optimization:
+ Design, develop, and implement rules and strategies to detect and prevent fraudulent card transactions.
+ Continuously monitor and refine existing rules to improve their effectiveness and reduce false positives.
+ Conduct regular reviews and updates to ensure rules align with emerging fraud trends and regulatory requirements.


* Data Analysis and Monitoring:
+ Analyze transaction data to identify potential fraud patterns and trends.
+ Collaborate with business analysts and fraud investigators to interpret data findings and translate them into actionable rules.
+ Monitor the performance of fraud detection rules and adjust them as necessary to optimize results.


* Collaboration and Communication:
+ Work with Mastercard and FIS to implement and test new rules.
+ Partner with fraud investigators to understand case outcomes and refine rules based on their insights.
+ Communicate rule changes and updates to relevant stakeholders, including senior management and compliance teams.
+ Act as Liaison to engage Law Enforcement as necessary.
+ Assist the investigators with submitting timely rebuttals ensuring the bank is in the best position to recover maximum funds. 


* Compliance and Risk Management:
+ Attend trainings and seminars via Mastercard to learn all fraud applications that are available and utilize them to mitigate card fraud. 
+ Ensure all fraud detection rules comply with regulatory standards and the bank's internal policies.
+ Conduct ongoing reviews to identify vulnerabilities in the card transaction process and recommend rule enhancements.
+ Stay informed of industry trends, regulatory changes, and advancements in fraud detection technology.


* Reporting and Documentation:
+ Maintain comprehensive documentation of all rule sets, including their purpose, logic, and performance history.
+ Provide regular updates to management on the status of fraud prevention efforts and any significant changes to rule strategies.

Qualifications


* Bachelor’s degree in Finance , Accounting, Criminal Justice or a related field preferred 


* 3–5 years of experience in fraud prevention/detection, risk management, financial crimes investigations, and tran...