Quantitative Fraud Strategy Leader

Posted Yesterday
Be an Early Applicant
Minneapolis, MN
215K-278K Annually
Expert/Leader
Fintech
The Role
The Quantitative Fraud Strategy Leader at U.S. Bank is responsible for creating and executing fraud identification and mitigation strategies. This role involves working with senior leadership, enhancing fraud analytics, driving innovation, and improving consumer experiences while maintaining compliance and managing fraud losses effectively.
Summary Generated by Built In

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions, enabling the communities we support to grow and succeed in the right ways, all more confidently and more often—that’s what we call the courage to thrive.   We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive. Try new things, learn new skills and discover what you excel at—all from Day One. 

As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goals—no matter what they need. From transaction processing to customer service, to driving innovation and launching new products, we’re building a range of tailored payment solutions powered by the latest technology. As part of our team, you can explore what motivates and energizes your career goals: partnering with our customers, our communities, and each other. 

Job Description

The Quantitative Fraud Strategy Leader is responsible for leading fraud identification and mitigation strategies across the Bank. This position focuses on fraud analytics strategic planning and is responsible for continually improving fraud strategy, leveraging emerging technologies, driving innovation while enhancing end consumer experience, and maintaining controls to keep pace with a rapidly changing fraud environment and the increasing sophistication of criminals in order to maintain a best in class industry position.           

ESSENTIAL RESPONSIBILITIES

  • Set the vision and strategy for the fraud analyst function working in conjunction with all other senior leaders across the organization

  • Act as a key advisor to senior leaders regarding fraud-related matters

  • Development, monitoring and maintenance of all fraud related modeling and loss forecasting efforts

  • Coordinate and collaborate with other U.S Bank departments including Consumer and Business Banking, Payments, Model Risk Management and Risk and Compliance

  • Partner with risk management and other enterprise-wide operations teams to manage fraud losses and maximize business profitability

  • Provide expertise and consultation regarding fraud issues and gives advice and guidance to department and product managers

  • Continually drive and lead fraud process improvement and innovation

  • Demonstrated ability to identify new opportunities, develop a go-to-market strategy, marshal resources, and drive to execution

  • Determine staff development needs and create appropriate action plans.

  • Actively ensure compliance with all US Bancorp policies and procedures such as Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, etc.

ESSENTIAL QUALIFICATIONS

  • 15+ years of Financial Services Industry experience                         

  • Experience developing quantitatively based fraud models and strategy across multiple products                                                       

  • Deep technical capability combined with strong organizational leadership background

  • Data Governance experience                                                                   

  • Proven leadership abilities and strategic management skills

  • Proven verbal and written communication skills                                           

  • Proven analytical, decision-making and problem-solving skills                                  

  • Considerable tact, diplomacy and people skills 

ACCOUNTABILITIES

  • High level of independent significant decision-making

  • Probable errors would have significant effect on the corporation and its performance

    If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

    Benefits: 

    Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

    • Healthcare (medical, dental, vision)

    • Basic term and optional term life insurance

    • Short-term and long-term disability

    • Pregnancy disability and parental leave

    • 401(k) and employer-funded retirement plan

    • Paid vacation (from two to five weeks depending on salary grade and tenure)

    • Up to 11 paid holiday opportunities

    • Adoption assistance

    • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

    EEO is the Law

    U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.  

    E-Verify

    U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

    The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $214,795.00 - $252,700.00 - $277,970.00

    U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

    Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

    Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.

    The Company
    HQ: Atlanta, Georgia
    4,632 Employees
    On-site Workplace
    Year Founded: 1991

    What We Do

    YOUR ELAVON
    We pride ourselves on delivering exceptional payment experiences, whether customers tap, insert, or swipe. Pay online, mobile, or in-person. Our fast and secure payment solutions are tailored to meet the needs of any business.

    For more than 30 years, Elavon has been a leader in payment processing. Backed by cutting-edge software and technologies, we serve more than 1.5 million customers across 36 countries.

    We grow with you — whether your business is large or small, local or international. We help you drive revenue and customer satisfaction with our tailored solutions that are designed to meet the needs of your industry.

    Visit elavon.com or call 1-877-754-1095* to learn more about our wide range of innovative solutions and services. Discover how our customer-first approach will help you grow your business, set you apart from competitors and strengthen your brand.

    * We accept relay calls

    ELAVON BY THE NUMBERS*
    • A global leader in payment processing for more than 30 years
    • Consistently rated among the top five global payment providers in the world
    • Backed by the strength and stability of U.S. Bank, the fifth largest commercial bank in the U.S.
    • More than 1.5 million customers in over 36 countries
    • Processing more than 6.2B total transactions annually in over 131 currencies
    • Partnerships with more than 650 banks worldwide
    • Multilingual customer service available 24/7/365

    * Nilson Report, 2020/2021

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