Description
This job is responsible for performing more complex analysis aimed at improving portfolio risk, profitability, performance forecasting, and operational performance for consumer products and related divisions, such as credit cards.
Key responsibilities include applying knowledge of multiple business and technical-related topics and independently driving strategic improvements, large-scale projects, and initiatives.
Job expectations include working with business counterparts within the Line of Business and partner organizations including Risk and Product teams.
This role is within the Workforce Strategy, Forecasting and Performance, Reporting & Diagnostics Re-Design group. The organization focuses on providing proactive strategic direction for Client Protection that enables insightful reporting / analytics, effective workforce management, and Financial forecasting with business narrative.
The Loss Forecasting candidate will lead efforts to rebuild the 1st and 3rd party fraud loss forecasts, provide loss performance updates and commentary for loss packages, outline and communicate the drivers of the forecasts, and partner with key stakeholders to understand recent trends, initiatives, and issues that impact the forecasts.
Job Responsibilities :
- Performs complex analysis of financial models, market data, financial data, and portfolio trends to understand product performance and improve portfolio risk, profitability, performance forecasting, and operational performance
- Coaches and mentors peers to improve proficiency in a variety of systems and serves as a subject matter expert on multiple business and technical-related topics
- Identifies business trends based on economic and portfolio conditions and communicates findings to senior management
- Supports execution of large scale projects, such as platform conversions or new project integrations by conducting advanced reporting and drawing analytics based insights
- Provide short and long term loss forecasting in addition to analysis on both historical and projected 1st and 3rd party fraud loss performance
- Responsible for developing, evaluating, and recommending new methods to improve forecasting accuracy.
- Develop / build fraud forecast models leveraging inputs and drivers to improve accuracy
- Ability to interpret financial results extracting trends to provide valuable insights to the business and Senior Management
- Assist in providing ongoing financial support to the product and loss finance teams
- Identify and lead initiatives to continuously improve, automate, and scale forecasting processes and methodologies
- Partner / Collaborate with finance and key stakeholders on the communication of forecast drivers, impacts, loss performance, and reconciliation
- Prepare, distribute, and consolidate weekly, monthly, quarterly fraud loss packages
- Identify and implement improvements with recurring monthly reporting and adhere to all deadlines
Required Qualifications :
- Bachelor's degree in Finance, Accounting, Economics (or related discipline)
- 5+ years of fraud experience and / or 5+ years of analytical / financial experience (Payment card / Retail Bank Finance background preferred)
- Outstanding quantitative, critical thinking, and analytical skills
- Confidence with finance and accounting concepts
- Ability to work with and communicate effectively with others, demonstrate leadership, and possess strong interpersonal skills
- Ability communicate and interact with a high degree of professionalism with executive level personnel across the business
- Ability to present, lead, support, and influence senior management and business stakeholders
- Innovation mindset with the ability to challenge the status quo
- Leadership and management skills, including development of teams and individuals
- Ability to prioritize and handle multiple projects at the same time
- Ability to proactively identify, analyze, and improve upon existing processes for optimization and to meet deadlines
Desired Qualifications :
- MBA or graduate level work in finance, accounting, and / or business management is preferred
- Advanced analytical and quantitative skills with demonstrated ability in using data and metrics to identify root causes
- Basic understanding of 1st and 3rd party fraud (claims to charge-off timing, chargeback recovery rights, etc.)
- Proven strong analytical and communication skills
- Experience leading teams
- Strong financial knowledge and understanding of fraud loss drivers
- Strong knowledge of programming language (i.e. SAS or SQL) and experience with e-Ledger and Enterprise GL tools (EPM)
Skills :
- Analytical Thinking
- Business Analytics
- Data and Trend Analysis
- Fraud Management
- Problem Solving
- Collaboration
- Innovative Thinking
- Monitoring, Surveillance, and Testing
- Presentation Skills
- Risk Management
- Data Visualization
- Interpret Relevant Laws, Rules, and Regulations
- Issue Management
- Oral Communications
- Written Communications
Shift :
1st shift (United States of America)
Hours Per Week :
Sr IT Analyst Planning Forecasting
IT Analyst - Planning and Forecasting. ...
Consumer Product Strategy Analyst III – Loss and Expense Forecasting/Reporting
Strong financial knowledge and understanding of fraud loss drivers. This job is responsible for performing more complex analysis and modeling to minimize loss exposure and negative impacts to the customer experience. Job expectations include evaluating data to assess potential fraud risk and create ...
Digital Banking Fraud Analyst - Utah
Key Responsibilities:Monitor and review fraud risk from various prevention systemsIdentify, prevent, and mitigate digital banking fraud lossesAssist customers with fraud-related issues and handle inbound callsRequired Qualifications:Bachelor's degree in a related field and 2+ years of financial serv...
Fraud Senior Model Governance Analyst
We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. This jo...
Analyst IV
A company is looking for an Analyst IV. ...
Senior SEC Reporting Analyst
As the Senior SEC Reporting Analyst reporting to the Senior Director of Technical Accounting, you will be responsible for all facets of internal and external financial reporting, including 10-Qs, 10-Ks, earnings releases, and proxy statement filings. A company in the medical research space is curren...
Consumer Product Strategic Analyst IV-Client Protection
Fraud Forecasting & Reporting Analyst. The Loss Forecasting candidate will lead efforts to develop/build the 1st and 3rd party fraud loss forecasts, provide loss performance updates and commentary for loss packages, outline and communicate the drivers of the forecasts, and partner with key stakehold...
Risk Management - Fraud Business Analyst and Data Strategy - Senior Associate
Partner with Fraud Risk product owners, data scientists, and fraud strategists on various initiatives to facilitate and drive customer focused solutions across the organization, serving as a subject matter expert to major business processes and supporting applications/capabilities. Manage the interd...
Security Analyst - Cyber Fraud and Digital Risk
Security Analysts research attempted/successful efforts to compromise systems security; design countermeasures; implement and maintain physical, technical, and administrative security controls; and provide information to management regarding the negative impact to the business. Innovative, creative,...
Sr Workday Analyst: gather reqs, config (BPF / EIB), support, reporting, w/ Core HCM / HR required
KORE1, a nationwide provider of staffing and recruiting solutions, has an immediate opening for a Sr Workday Analyst: gather reqs, config (BPF / EIB), support, reporting, w/ Core HCM / HR required. Provide Workday production support, including, but not limited to, researching and resolving system ...