The Washington Trust Company is seeking an experienced Senior Risk Analyst to support our fraud strategy and reporting process. This position will own the configuration testing and validation of multiple fraud-prevention systems and produce quarterly enterprise risk reports for executive audiences and governance bodies ERWG ERMC Audit Committee. The role also leads the monthly production of a metrics dashboard covering multiple risk typologies and business lines. This is a hybrid position with periodic on-site work in our office in Westerly, RI.
Key Responsibilities:
• Fraud alert queue management • Configure thresholds, rules, and workflows • Monitor performance • Coordinate changes with system owners and operations teams
Testing & Validation:
• Design test plans • Execute UAT (User Acceptance Testing) • Regression tests • Document outcomes • Implement controls for change management and production promotion
Performance Analytics:
• Develop and maintain Key Risk Indicators (KRIs) • Develop and maintain Key Performance Indicators (KPIs) • e.g. alert precision, recall, detection lift, false-positive rates, case aging, loss avoidance
Quarterly Executive Risk Reporting:
• Synthesize risk typologies and trends across business lines • Draft ERWG (Executive Risk Working Group) and ERMC (Executive Risk Management Committee) materials with clear narrative and visuals • Produce minutes for quarterly Risk Committee meetings
Monthly Risk Dashboard:
• Build and refresh a metrics dashboard with automated data pipelines • QA checks and version control
Model & Rule Monitoring:
• Track drift stability and back-testing results • Recommend tuning log changes and rationales • Coordinate with 1st, 2nd, and 3rd lines of defense
Stakeholder Communication:
• Prepare concise written summaries to present findings and recommendations to executives and cross-functional teams
Documentation & Audit Readiness:
• Maintain procedures • Test evidence • Control mappings and change logs • Suitable for internal and external review
Required Qualifications:
Data tooling Comfortable working with large amounts of data and relevant tools to automate repetitive tasks and create clear visual dashboards for executives e.g. SQL scripting in Python or R for analysis ETL Power BI Tableau for visualization Statistical proficiency Hypothesis testing Confidence intervals ROCAUC sensitivity and specificity Sampling Back-testing
Testing & Validation Hands-on:
• UAT (User Acceptance Testing) • Regression design • Defect triage and release sign-off
Advanced Excel:
• Power Query • PivotTables • Complex formulas (e.g. XLOOKUP, INDEX-MATCH) • Ability to build automated reporting templates
Communication:
• Excellent oral and written skills • Experience presenting to executives and committees • Writing sample will be requested
Risk Reporting Experience:
• Building dashboards and reports for senior leadership and governance forums • Model risk management familiarity • Concept drift stability testing • Challenger and benchmarking • Documentation aligned with industry guidance
Financial Services Experience:
• 5 years in enterprise risk or fraud strategy
Preferred Skills:
• Fraud systems exposure (e.g. Verafin, Biocatch, Zelle card, Falcon, and bank core systems) • Queue strategy tuning and alert dispositioning • Microsoft Suite, SharePoint, Forms, Power Automate, Co-pilot
Compensation:
A good-faith, reasonable estimate of the base salary range for this role is $90,000 to $115,000 per year, and the actual offer will depend on factors such as experience, skills, training, certifications, and education. This base salary reflects one component of our competitive compensation package. This position may be eligible for an annual bonus and includes a comprehensive benefits package.
Our employees enjoy a comprehensive benefits package, which includes health and welfare benefits, paid time-off, work-life program, and a 401k plan. We believe employees who are valued, recognized, rewarded, and empowered will achieve personal and professional growth.
Apply today and find out why we have been voted one of the Best Places to Work in Rhode Island since 2011.
The Washington Trust Company and each of its subsidiaries and affiliates are committed to providing equal employment opportunities to all employees and applicants as protected by state and/or federal law.