Apply on Employer Site

Empower Federal Credit Union · 4 days ago

Fraud System & Data Analyst (Hybrid in Syracuse, NY)

Syracuse, NY

Full-time

Hybrid

Mid Level

$76K/yr - $114K/yr

3+ years exp

Empower Federal Credit Union is dedicated to positively impacting members by providing affordable financial services. The Fraud System & Data Analyst will drive strategic insights and data-driven solutions to optimize fraud risk management and improve operational efficiency across consumer and business products.

BankingFinanceFinancial ServicesNon Profit

Growth Opportunities

Responsibilities

Performs complex analysis of financial data, fraud trends and portfolio performance to understand product performance and improve fraud risk, profitability, performance, compliance with laws and regulations, and operational performance

Develop and manage Key Risk Indicators and Key Performance Indicators for fraud performance against products and channels

Oversee Operations metrics for risk and performance ensuring accuracy and timeliness

Identifies trends based on metrics and portfolio performance and reports them to management

Supports execution of large-scale projects, or new project integrations, by conducting advanced reporting and drawing analytics-based insights

Leverage insights from data & analytics, industry forums, and channel partners to identify and drive new ideas on improving member experience, operational efficiency, and reducing fraud risk

Operate and maintain fraud detection software, data mining tools, machine learning platforms, and transaction monitoring systems to effectively identify and prevent fraud

Develop and implement new processes and solutions to enhance fraud prevention systems and mitigate future risks

Collaborate with team to discuss new and emerging fraud trends

Conduct root cause analysis to identify vulnerabilities and recommend improvements

Partners across organization lines including Operations, Lending, Technology, Risk & Compliance in the development of risk and performance strategy

Translate complex findings into clear, actionable recommendations for key stakeholders

Develop compelling vision and data driven business cases for transformation initiatives

Including but not limited to department administrative responsibilities

Maintain up-to-date knowledge of trends and developments in fraud detection

Extended work hours may be required

Qualification

Data analysisFraud detection softwareRisk managementMachine learningFinancial regulationsCFE certificationAnalytical skillsCommunication skillsTeam playerProblem-solving skills

Required

3 to 5 years of similar or related experience including:

Minimum of 3 years' experience in analytics and managing risk

Experience with U.S. banking laws and regulations applicable to a federal credit union and its applications to ensuring the safety and soundness of Credit Union staff and member assets

Knowledge of automated fraud monitoring, investigative case management or related financial services industry fraud monitoring tools and applications

Knowledge and general understanding of principal financial institution regulations

Bachelor's degree in quantitative field or equivalent work experience required

Team player with strong organizational, communication, analytical and PC skills

Ability to research/analyze data and recognize/evaluate patterns of member activity

Self-starter with exceptional attention to detail

Experience conducting fundamental analysis to understand and quantify financial drivers

Strong strategic thinking and problem-solving skills (ability to frame a complex problem, evaluate options, and develop a plan to address)

Track record of being able to break complex problems down and develop a clear strategy / action plan

Ability to identify high value opportunities

Experience influencing organizations and senior leadership to act on identified opportunities

Strong communication skills/ability to explain nuanced topics at right approach and level of detail to influence an audience

Proven track record of working across organizational lines to successfully drive projects from idea to execution

Knowledge of government/regulatory statutes as they relate to financial services and fraud

Preferred

CFE or equivalent certification preferred

Benefits

Medical and Dental Insurance

401K with Employer Match

Holiday Pay

Paid Time Off

Company

Empower Federal Credit Union

Empower Federal Credit Union is a full-service financial institution that provides savings, loan, and transaction services to members in Central New York, and in eight counties in New York State.

Founded in 1939

Syracuse, New York, USA

201-500 employees