Senior Fraud Systems Administrator

REMOTE in California Our client is currently seeking a Senior Fraud Systems Administrator

Senior Fraud Systems Administrator

Sr. Fraud Systems Administrator is responsible for overseeing and managing the bank’s fraud systems and applications. This critical role ensures the security and integrity of financial transactions by proactively detecting and preventing fraudulent activities.

The administrator collaborates with cross-functional teams, analyzes fraud trends, and implements effective strategies to safeguard the bank and its customers.

TASKS, DUTIES, FUNCTIONS :

Application Management :

Administer and Maintain : Oversee the deployment, configuration, and maintenance of fraud applications, including fraud detection tools, transaction monitoring systems, and identity verification solutions.

System Upgrades : Coordinate timely upgrades, patches, and enhancements to fraud software.

User Support : Provide technical support to end-users, troubleshoot issues, and address system-related queries.

Fraud Detection and Prevention :

Monitoring and Analysis : Provide continuous analysis of existing case data, fraud system rules, and reporting logic to ensure data integrity and high fidelity in support of fraud investigation teams.

Risk Assessment : Assess risks associated with emerging fraud threats and recommend preventive measures.

Collaboration : Work closely with fraud investigators, compliance officers, and law enforcement agencies to mitigate fraud risks.

Policy and Procedure Development :

Policy Compliance : Develop and enforce policies, procedures, and controls related to fraud prevention.

Training and Awareness : Conduct training sessions for credit union staff on fraud prevention best practices.

Incident Response : Participate with incident response protocols in case of suspected fraud incidents.

Data Analysis and Reporting :

Data Mining : Analyze transaction data, customer behavior, and historical fraud patterns to identify potential risks.

Reporting : Generate regular reports on fraud trends, incidents, and mitigation efforts for management and regulatory purposes.

Collaboration and Communication :

Cross-Functional Teams : Collaborate with IT, risk management, legal, and compliance teams to align fraud efforts.

Stakeholder Communication : Communicate findings, recommendations, and updates to senior management and relevant stakeholders.

PHYSICAL SKILLS, ABILITIES, AND EXERTION UTILIZED IN THE PERFORMANCE OF THESE TASKS :

Effective oral and written communication skills required to interpret, resolve, and document networking problems.

Must possess sufficient manual dexterity to skillfully operate applicable computer hardware, a variety of hand tools and standard office equipment.

ORGANIZATIONAL CONTACTS & RELATIONSHIPS :

INTERNAL : All levels of staff and management

EXTERNAL : Vendors.

QUALIFICATIONS :

EDUCATION : Bachelor’s degree in Computer Science, Information Systems, or a related field or equivalent work experience.

EXPERIENCE :

Minimum of 5 years in fraud prevention, risk management, or related roles within the banking or financial services industry.

Proficiency in fraud software and tools. . Verafin, NICE Actimize, Socure, Splunk, etc.

Knowledge of data analytics, machine learning, and statistical modeling.

Familiarity with regulatory requirements related to fraud prevention.