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. The ideal candidate is passionate about protecting customers, thrives in a fast-paced environment, and brings creativity to identifying fraud patterns and shaping effective rule strategies.

Responsibilities

• Develop, implement, and continuously refine fraud rule strategies that leverage departmental data, balancing fraud mitigation, customer experience, performance targets, and alignment with organizational priorities
• 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
• Monitor and evaluate rule performance on an ongoing basis, detecting anomalies, validating thresholds, and proactively identifying opportunities to strengthen existing strategies and processes
• Incorporate AI-driven analytics, automation, and visualization tools to support innovation, strategy optimization, and improve efficiency across rule development and performance monitoring
• 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, proficiency with analytical tools such as SQL, SAS, and Python, experience working in large datasets to support strategy testing, treatment analysis, and performance evaluation, familiarity with bank systems and fraud detection platforms (Actimize), experience supporting advanced fraud strategy development, effective written and verbal communication skills, strong organizational skills, attention to detail, and effective decision-making, commitment to compliance, internal controls, and ethical use of technology, including responsible use of approved AI tools to enhance accuracy, efficiency, and productivity, proficient computer navigation skills, including Microsoft Office and data analysis software, experience within fraud strategy related to online banking and digital payments preferred

Qualifications

• Bachelor’s degree, or equivalent work experience
• 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
• Thorough understanding of fraud typologies, operational processes, and risk-mitigation frameworks, with experience supporting advanced fraud strategy development

Skills

• Strong analytical skills
• Effective decision-making
• Ability to deliver clear, actionable recommendations
• Commitment to compliance, internal controls, and ethical use of technology
• Proactive problem-solving and innovation
• Attention to detail and organizational skills

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
• Adoption assistance
• Equity stock purchase