Senior Director - Fraud Analytics Strategy
Company: Golden 1 Talent Acquisition Team
Location: Sacramento
Posted on: October 16, 2024
Job Description:
Sacramento, CA, USA Req #5619 TITLE: SR DIRECTOR - FRAUD
ANALYTICS STRATEGY STATUS: EXEMPT REPORTS TO: SVP - PRODUCT
ANALYTICS AND RISK DEPARTMENT: ANALYTICS AND RISK JOB CODE: 11735
PAY RANGE: $178,600.00 - $250,000.00 ANNUALLY GENERAL DESCRIPTION:
The Senior Director - Fraud Analytics Strategy is responsible for
leading the development and execution of Golden 1 Credit Union's
fraud analytics strategy to detect, prevent, and mitigate
fraudulent activities across the organization. You will leverage
advanced analytics, machine learning, and data-driven insights to
continuously enhance our fraud detection capabilities and ensure
the security of our customers' financial assets. TASKS, DUTIES,
FUNCTIONS:
- Developing Fraud Analytics Strategy: Lead the design,
development, and implementation of a comprehensive fraud analytics
strategy for lending and deposit products aligned with
organizational goals and industry best practices.
- Identify ways to mitigate risk and developing new
policies/procedures in support of the control and governance
agenda.
- Leading Cross-functional Initiatives: Collaborate with
cross-functional teams including risk management, technology,
operations, and compliance to integrate fraud analytics solutions
into business processes and systems.
- Stay informed of industry technology trends and innovations and
actively contribute to the organization's technology communities to
foster a culture of technical excellence and growth.
- Advanced Analytics and Modeling: Utilize advanced statistical
methods, machine learning techniques, and big data analytics to
develop predictive models and algorithms for fraud detection and
prevention.
- Continuously evaluate external fraud models and optimize the
use of these tools within fraud strategies.
- Monitoring and Optimization: Continuously monitor the
performance of fraud detection models and analytics tools,
optimizing them to enhance accuracy and efficiency.
- Risk Assessment and Mitigation: Conduct thorough risk
assessments and develop strategies to mitigate fraud risks, staying
abreast of emerging threats and industry trends.
- Reporting and Communication: Prepare and present regular
reports and updates to senior management and stakeholders on fraud
analytics performance, findings, and recommendations.
- Develop and maintain an understanding of the pertinent
regulatory requirements and risks inherent to job responsibilities,
establish, and maintain control activities that mitigate those
risks consistent with the Credit Union's risk appetite, and ensure
operational integrity and compliance with applicable
regulations.
- Team Leadership: Hire/Manage team to develop best-in-class
financial services analytics/risk management capabilities. Provide
guidance, mentorship, and leadership to a team of analytics/risk
associates, fostering a collaborative, engaging, and innovative
work environment. Promote continual learning, professional growth,
and development within the team. ORGANIZATIONAL CONTACTS &
RELATIONSHIPS:
- INTERNAL : Board of Directions, Management Group, and
Staff
- EXTERNAL: C.C.U.L., community organizations, vendors,
suppliers, and peers in financial institution. QUALIFICATIONS:
- EDUCATION: Bachelor's degree in statistics, mathematics,
computer science, finance, or a related field. Master's degree or
MBA preferred.
- EXPERIENCE : Minimum of 15 years of experience in fraud
analytics, risk management, or a related field within the financial
services industry. Proven track record of leading successful fraud
analytics initiatives and managing cross-functional teams.
- KNOWLEDGE / SKILLS:
- Demonstrated excellence as a strategic thinker who can put
plans into action to achieve mutually agreed upon goals in a
fast-paced professional environment.
- Strong leadership skills with the ability to influence and
collaborate effectively with stakeholders at all levels.
- Excellent communication skills, with the ability to translate
complex technical concepts into business insights and
recommendations and to influence and inspire cross-functional
leaders and teams, vendors, and other credit unions.
- Proficiency in statistical analysis tools (e.g., SAS, R,
Python), database querying languages (e.g., SQL), and big data
platforms. Experience with machine learning and data visualization
tools is highly desirable.
- Proven track record of successfully developing and managing
risk strategies for small business and/or business banking products
within financial services during differing macro-economic
environments.
- Strong understanding of the various risks (credit, operational,
market, etc.) and management approaches within retail financial
products and digital/analog operations.
- Excellent analytical skills and ability to leverage data and
customer insights to inform product, risk, pricing, and marketing
strategies.
- Ability to effectively synthesize analytic results into concise
and impactful business cases with clear recommendations.
- Strong project management skills, including the ability to
prioritize tasks, manage timelines, and deliver results in a
fast-paced environment. PHYSICAL REQUIREMENTS:
- Prolonged sitting throughout the workday with occasional
mobility required.
- Corrected vision within the normal range.
- Hearing within normal range. A device to enhance hearing will
be provided if needed.
- Occasional movements throughout the department daily to
interact with staff, accomplish tasks, etc.
- Extensive travel by car or public conveyance for out-of-area
locations or across the United States. LICENSES/CERTIFICATIONS:
Possession of a valid California driver's license is desirable but
not essential. THIS JOB DESCRIPTION IN NO WAY STATES OR IMPLIES
THAT THESE ARE THE ONLY DUTIES TO BE PERFORMED BY THIS EMPLOYEE. HE
OR SHE WILL BE REQUIRED TO FOLLOW OTHER INSTRUCTIONS AND TO PERFORM
OTHER DUTIES REQUESTED BY HIS OR HER SUPERVISOR THAT ARE WITHIN HIS
/ HER KNOWLEDGE, SKILL AND ABILITY AS WELL AS HIS / HER MENTAL AND
PHYSICAL ABILITIES.
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Keywords: Golden 1 Talent Acquisition Team, North Highlands , Senior Director - Fraud Analytics Strategy, Executive , Sacramento, California
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