Fraud Strategy Analyst 1LOD
City National Bank, Newark, DE, United States
Opportunity
The Non‑Card Fraud Strategy Analyst participates actively in the Bank's fraud prevention and risk management activities to identify and mitigate both the Bank's and our clients' exposure to potential fraudulent activities. The Analyst works with the Fraud Strategy Lead and is responsible for evaluating client and situational/threat trends by payment type, division, fraud schemes and other relevant metrics. The individual should be able to identify the current or upcoming risk and design an end‑to‑end control strategy to mitigate against the risk. The Analyst should be able to identify the trend, analyze data and provide information‑based recommendations to optimize the control environment. In addition, the lead will use the analytics to identify gaps, risks and issues to better drive fraud mitigation performance.
Responsibilities
Planning: Assist in efforts to evaluate current and upcoming threats, identify control environment and opportunity, and determine enhancement and work with product, technology, operations to create a roadmap.
New Product Assessment and Business Enablement: As part of a project team, partner with business and product stakeholders to ensure products can be securely rolled out.
Risk Assessment: Working with the Fraud Strategy Lead, execute Fraud Risk Assessments to ensure the vulnerabilities are identified and steps are taken to mitigate the risk.
Execution: Have end‑to‑end ownership of the identified fraud risk and operational metrics reporting. Use data to identify current, historic and emerging risks within accounts, across channels and within products. Must have extensive domain experience in using data and analytics to help mitigate non‑card fraud while creating friction‑right experiences that enable growth.
System: Working with Fraud Rules Strategy, evaluate and identify risks in system rule efficiency and effectiveness.
Communication: Concisely communicate the fraud trend recommendations to the stakeholders including leadership across different groups to ensure alignment.
Qualifications
Required Qualifications
Bachelor's Degree or equivalent.
Minimum 5 years of experience within fraud prevention and detection for a fintech or bank.
Minimum 3 years of hands‑on experience working with fraud data, excellent at SQL/Python and Excel and know what to look for and how to direct an analytical team.
Additional Qualifications
Prefer a degree in Statistics, Math, Operations Research or other analytical or quantitative discipline.
Ownership Mindset: High degree of initiative and passion to improve fraud security and customer experience.
Leadership Traits: Able to advocate and drive an initiative to completion through professionalism, confidence and cooperation.
Team Building Skills: Collaborative team player.
Hands On: Able to write SQL code, build business cases in Excel or create PowerPoint presentations.
Business Acumen: Strong ability to think strategically, frame for success, prioritize and deliver results over short, medium and long term.
Strong Problem‑Solving Skills: Identify root cause problems and solutions that create maximum impact.
Experience with digital applications such as real‑time payments, Apple Wallet, virtual cards etc.
Experience with quantitative, analytical and business acumen skills: able to derive patterns and trends, perform risk‑reward trade‑off analysis, create pitch decks.
Compensation & Benefits
Starting base salary: $92,114 – $156,880 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits:
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date.
Generous 401(k) company matching contribution.
Career Development through tuition reimbursement and other internal upskilling and training resources.
Valued time‑away benefits including vacation, sick and volunteer time.
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs.
Career mobility support from a dedicated recruitment team.
Colleague Resource Groups to support networking and community engagement.
Learn more about our Benefits and Perks.
About the Company
City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and continues to embody integrity, community and unparalleled client relationships. City National is a subsidiary of the Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about our dynamic company culture, visit our About Us page.
Equal Opportunity and Inclusion
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. Careers.CNB.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
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The Non‑Card Fraud Strategy Analyst participates actively in the Bank's fraud prevention and risk management activities to identify and mitigate both the Bank's and our clients' exposure to potential fraudulent activities. The Analyst works with the Fraud Strategy Lead and is responsible for evaluating client and situational/threat trends by payment type, division, fraud schemes and other relevant metrics. The individual should be able to identify the current or upcoming risk and design an end‑to‑end control strategy to mitigate against the risk. The Analyst should be able to identify the trend, analyze data and provide information‑based recommendations to optimize the control environment. In addition, the lead will use the analytics to identify gaps, risks and issues to better drive fraud mitigation performance.
Responsibilities
Planning: Assist in efforts to evaluate current and upcoming threats, identify control environment and opportunity, and determine enhancement and work with product, technology, operations to create a roadmap.
New Product Assessment and Business Enablement: As part of a project team, partner with business and product stakeholders to ensure products can be securely rolled out.
Risk Assessment: Working with the Fraud Strategy Lead, execute Fraud Risk Assessments to ensure the vulnerabilities are identified and steps are taken to mitigate the risk.
Execution: Have end‑to‑end ownership of the identified fraud risk and operational metrics reporting. Use data to identify current, historic and emerging risks within accounts, across channels and within products. Must have extensive domain experience in using data and analytics to help mitigate non‑card fraud while creating friction‑right experiences that enable growth.
System: Working with Fraud Rules Strategy, evaluate and identify risks in system rule efficiency and effectiveness.
Communication: Concisely communicate the fraud trend recommendations to the stakeholders including leadership across different groups to ensure alignment.
Qualifications
Required Qualifications
Bachelor's Degree or equivalent.
Minimum 5 years of experience within fraud prevention and detection for a fintech or bank.
Minimum 3 years of hands‑on experience working with fraud data, excellent at SQL/Python and Excel and know what to look for and how to direct an analytical team.
Additional Qualifications
Prefer a degree in Statistics, Math, Operations Research or other analytical or quantitative discipline.
Ownership Mindset: High degree of initiative and passion to improve fraud security and customer experience.
Leadership Traits: Able to advocate and drive an initiative to completion through professionalism, confidence and cooperation.
Team Building Skills: Collaborative team player.
Hands On: Able to write SQL code, build business cases in Excel or create PowerPoint presentations.
Business Acumen: Strong ability to think strategically, frame for success, prioritize and deliver results over short, medium and long term.
Strong Problem‑Solving Skills: Identify root cause problems and solutions that create maximum impact.
Experience with digital applications such as real‑time payments, Apple Wallet, virtual cards etc.
Experience with quantitative, analytical and business acumen skills: able to derive patterns and trends, perform risk‑reward trade‑off analysis, create pitch decks.
Compensation & Benefits
Starting base salary: $92,114 – $156,880 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits:
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date.
Generous 401(k) company matching contribution.
Career Development through tuition reimbursement and other internal upskilling and training resources.
Valued time‑away benefits including vacation, sick and volunteer time.
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs.
Career mobility support from a dedicated recruitment team.
Colleague Resource Groups to support networking and community engagement.
Learn more about our Benefits and Perks.
About the Company
City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and continues to embody integrity, community and unparalleled client relationships. City National is a subsidiary of the Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about our dynamic company culture, visit our About Us page.
Equal Opportunity and Inclusion
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. Careers.CNB.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
#J-18808-Ljbffr