Fraud Risk Analyst

About the role

The Fraud Risk Analyst 4 position within U.S. Bancorp’s Quantitative Fraud Strategy team plays a critical role in analyzing complex data and developing rules that effectively mitigate fraudulent transactions. This role requires an understanding of fraud risk and intermediate to advanced analytical skills using tools such as SAS, SQL, or Python.

Responsibilities

• Analyze large, complex datasets to identify emerging fraud trends, performance shifts, and strategic opportunities that inform rule development and refinement
• Translate analytical findings into clear, actionable recommendations and communicate strategy updates, rule performance insights, and business impacts to management, partners, and key stakeholders
• Maintain and continuously refine fraud rule strategies that balance fraud mitigation, customer experience, performance targets, and alignment with organizational priorities
• Evaluate emerging fraud trends, assess the performance and efficiency of existing rules, and recommend targeted improvements that enhance fraud mitigation effectiveness while maintaining a balanced customer experience
• Collaborate closely with operations, technology, risk management, and cross-functional teams to validate rule effectiveness, conduct root-cause analysis, and ensure alignment with compliance and governance standards

Requirements

Typically more than six years of applicable experience, typically a Bachelor’s degree in a quantitative field, and proficiency with analytical tools such as SQL, SAS, and Python.

Qualifications

• Strong background in fraud analytics and rule development, with demonstrated ability to identify emerging fraud trends and translate findings into effective rule changes
• Comprehensive knowledge of bank systems and fraud detection platforms (Actimize), along with familiarity in online banking and financial products such as ACH, wires, digital payments, and other electronic transfers
• Adequate understanding of fraud typologies, operational processes, and risk-mitigation frameworks, with experience supporting advanced fraud strategy development
• Effective written and verbal communication skills, with the ability to simplify complex analytical concepts and present clear, actionable recommendations to business partners and senior leadership
• Commitment to compliance, internal controls, and ethical use of technology, including responsible use of approved AI tools to enhance accuracy, efficiency, and productivity

Skills

• Proficiency with analytical tools such as SQL, SAS, and Python
• Strong analytical skills and the ability to make effective decisions
• Excellent organizational skills and attention to detail

Benefits

Our benefits package includes healthcare, dental, vision, short-term and long-term disability, pregnancy disability and parental leave, 401(k) and employer-funded retirement plan, paid vacation, sick and safe leave, adoption assistance, and more. U.S. Bank is an equal opportunity employer and participates in E-Verify.