Job Description
Job DescriptionSummary: Travis Credit Union’s (TCU) Risk Analyst is responsible for identifying, analyzing, and mitigating fraud-related risks to protect the credit union and its members. The responsibility of the role spans across credit union membership inclusive of consumer and business relationships, member engagement channels and all payment types. This role involves data analysis, monitoring transactions, assessing potential risks, tuning fraud mitigation tools balanced to risk tolerance and member experience, completing root cause analysis of suspicious activities, building and maintaining fraud metrics at a product level, and implementing strategies to prevent emerging fraud trends. The Risk Analyst works cross functionally with a diverse set of stakeholders from the business as well as shared services functions ensuring compliance with regulatory standards while improving fraud detection and prevention measures. This role is ideal for individuals who are analytical, proactive, and passionate about combating fraud and ensuring financial security. Profile:
- Reviews and analyzes financial transactions for unusual or suspicious patterns resulting in the continual optimization of fraud risk mitigation tools and processes.
- Reviews and analyzes KYC identity proofing solutions for unusual or suspicious patterns resulting in the continual optimization of physical and digital identity proofing solutions.
- Assesses fraud risk trends and patterns to develop proactive prevention strategies leveraging predictive analytics.
- Performs root-cause analysis to identify vulnerabilities in processes or systems.
- Provides detailed risk assessments and recommendations to mitigate potential threats.
- Builds, optimizes and reports out on fraud performance on a monthly basis.
- Conducts complex link analysis on large scale fraud events.
- Prepares comprehensive reports with findings, supporting evidence, and recommendations.
- Collaborates with law enforcement and regulatory agencies on fraud cases when necessary.
- Ensures adherence to regulatory requirements and internal fraud prevention policies.
- Contributes to the development and updating of fraud prevention, risk tolerance and risk management policies.
- Works with internal and external teams (e.g., branch banking, contact centers, compliance, legal, digital banking, deposit product, lending product, operations, card processor, software suppliers, fraud working groups, etc.) to enhance fraud detection measures.
- Contributes to the building of fraud training and awareness sessions on fraud prevention to credit union employees.
Skills:
- Proficient in data analytics tools such as R, Python, SAS, Tableau, PowerBI and Excel.
- Working knowledge of banking risk management platforms.
- Strong knowledge of regulatory requirements related to fraud and financial crime.
- Strong working knowledge of fraud authorization, authentication, identity proofing, dispute resolution and loss recovery solutions.
- Analytical and detail-oriented mindset.
- Strong communication and report-writing skills.
- Strong working experience with retail payments and consumer-based fraud tools preferred.
- Working understanding of lean six sigma measurement systems preferred.
- Ability to handle sensitive information with discretion and professionalism.
- May require working under tight deadlines and handling high-pressure situations.
Experience and Compensation
- Risk Analyst – Grade 13/Nonexempt/$32.48 - $40.12 per hour
- Reports directly to assigned department leadership.
- Self-starter and ability to work independently with periodic guidance with decision authority up to $50k in annualized value.
- Bachelor’s degree in Data Science, Finance, Business Administration, or Criminal Justice with a minimum of 3 years of equivalent work experience; or 7 years of equivalent work experience.
- Senior Risk Analyst – Grade15/Exempt/$80,267.20 – $99,153.60 annually
- Reports directly to assigned department leadership.
- Self-starter and ability to work independently with periodic guidance with decision authority up to $100k in annualized value.
- Bachelor’s degree in Data Science, Finance, Business Administration, or Criminal Justice with a minimum of 5 years of equivalent work experience; or 9 years of equivalent work experience.
- Certifications such as a CFE (Certified Fraud Examiner) or CRMA (Certified Risk Management Assurance) or Lean Six Sigma preferred.
- Risk Analyst Lead – Grade 17/Exempt/$95,365.92 – $117,811.20 annually
- Reports directly to assigned department leadership.
- Self-starter and ability to work independently with periodic guidance with decision authority up to $250k in annualized value.
- May be responsible for the coordination of other Risk Analysts daily activities.
- Bachelor’s degree in Data Science, Finance, Business Administration, or Criminal Justice with a minimum of 7 years of equivalent work experience; or 11 years of equivalent related work experience.
- Minimum of 1 year of leading/mentoring junior level team members.
- Certifications such as a CFE (Certified Fraud Examiner) or CRMA (Certified Risk Management Assurance) or Lean Six Sigma preferred.
Our compensation philosophy is based on several factors such as (but not limited to) the scope and responsibilities of the position, the candidate's work experience, education/training, and key skills.
At Travis Credit Union, our priority is that our employees and their loved ones are provided with a Total Rewards program that ensures their health and welfare safety which allows our employees to focus on the financial welfare of our members and the credit unions objectives. As such, Travis Credit Union offers a robust benefits package to our eligible employees, including competitive medical, dental, and vision insurance, mental health offerings, employee performance incentive plan, merit increases, 401(k) program with immediately vested employer match, generous holiday and vacation policy, and extensive TCU specific perks like employee loan and credit card discounts!
Travis Credit Union is an Affirmative Action Employer
EOE/Individual with Disability/Veteran Status
#traviscu
Company DescriptionWhy TCU? We’re recognized by Forbes as a Top Credit Union in California for overall member satisfaction, trust, financial advice, branch services and digital services. We have everything you need to reach your financial goals and to help others in our community experience financial wellness.
Why else? We are an EMPLOYER OF CHOICE! We have AWESOME employees! We believe in promoting from within whenever possible and developing our staff. We are passionate about helping people and believe in our mission, "We are dedicated to building lifelong relationships with our members to help them achieve their financial goals." It's quite simple. Travis Credit Union is a great place to work!
Headquartered in Vacaville, California, Travis Credit Union is a not-for-profit, cooperative financial institution serving those who live or work in Solano, Yolo, Sacramento, Placer, San Joaquin, Stanislaus, Napa, Contra Costa, Alameda, Sonoma, Colusa, and Merced Counties. Currently, Travis Credit Union is the 12th largest credit union in California, with over 225,000 members and over $4.2 billion in assets. TCU members can access their accounts at 24 convenient branch locations, at 35,000 free CO-OP Network® ATMs, through secure, easy-to-use Online Banking, our mobile app for Apple® iPhone® or by telephone using our Call-24 Phone Banking. As one of the leading financial institutions in Solano, Contra Costa, Yolo, Napa, and Merced Counties, Travis Credit Union's strength lies in its faithful commitment to its members; its solid, secure history; and its long-standing track record of dedicated service.
BENEFITS We offer medical, dental, vision, life insurance, FSA, vacation/sick/holiday pay, matching 401(k) with 100% vested immediately, educational assistance and annual bonus for all regular full-time employees. Plus a few fun perks like our gym, ping pong table, and a rest and relaxation room that are available at Corporate Headquarters.
To view a more detailed job description, learn more about TCU and apply, visit: https://jobs.jobvite.com/travis-credit-union
TCU is a drug-free workplace. Pre-employment screening is required.
Visit www.traviscu.org for a full list of our current openings
EOE/Individual with Disability/Veteran Status
Company Description
Why TCU? We’re recognized by Forbes as a Top Credit Union in California for overall member satisfaction, trust, financial advice, branch services and digital services. We have everything you need to reach your financial goals and to help others in our community experience financial wellness.\r\n\r\nWhy else? We are an EMPLOYER OF CHOICE! We have AWESOME employees! We believe in promoting from within whenever possible and developing our staff. We are passionate about helping people and believe in our mission, "We are dedicated to building lifelong relationships with our members to help them achieve their financial goals." It's quite simple. Travis Credit Union is a great place to work!\r\n\r\nHeadquartered in Vacaville, California, Travis Credit Union is a not-for-profit, cooperative financial institution serving those who live or work in Solano, Yolo, Sacramento, Placer, San Joaquin, Stanislaus, Napa, Contra Costa, Alameda, Sonoma, Colusa, and Merced Counties. Currently, Travis Credit Union is the 12th largest credit union in California, with over 225,000 members and over $4.2 billion in assets. TCU members can access their accounts at 24 convenient branch locations, at 35,000 free CO-OP Network® ATMs, through secure, easy-to-use Online Banking, our mobile app for Apple® iPhone® or by telephone using our Call-24 Phone Banking. As one of the leading financial institutions in Solano, Contra Costa, Yolo, Napa, and Merced Counties, Travis Credit Union's strength lies in its faithful commitment to its members; its solid, secure history; and its long-standing track record of dedicated service.\r\n\r\nBENEFITS We offer medical, dental, vision, life insurance, FSA, vacation/sick/holiday pay, matching 401(k) with 100% vested immediately, educational assistance and annual bonus for all regular full-time employees. Plus a few fun perks like our gym, ping pong table, and a rest and relaxation room that are available at Corporate Headquarters. \r\n\r\n To view a more detailed job description, learn more about TCU and apply, visit: https://jobs.jobvite.com/travis-credit-union\r\n\r\nTCU is a drug-free workplace. Pre-employment screening is required. \r\nVisit www.traviscu.org for a full list of our current openings\r\nEOE/Individual with Disability/Veteran Status