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Enterprise Fraud Analyst

Sandy Spring Bank Columbia Full-Time
$100,000.00 (Careerbuilder est.)
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Enterprise Fraud Analyst

Location: Columbia, MD

About Us

Are you someone who seeks opportunity and has a true desire to grow your career with an organization that has enriched the lives of clients and communities in the Washington, D.C. region for 150 years? If so, Sandy Spring Bank may be the perfect fit for you!

Sandy Spring Bank is a growing financial services company focused on creating remarkable experiences for our employees, clients, shareholders and communities. We are proud to be recognized for the12th consecutive year by Forbes magazine as one of the top 50 “Most Trustworthy” corporations in America. Our values run deep in integrity, relationship building and community outreach.

To help us attract the highest quality individuals, we offer a comprehensive benefits package to those who qualify. We offer competitive market salaries, paid time off, multiple retirement savings options, full health care options, life insurance, health care and dependent care flexible spending accounts, career development opportunities, tuition assistance and volunteer opportunities. We are proud to offer those, and so much more, making Sandy Spring Bank a desirable place to work and build a career.

About The Job

Sandy Spring Bank is currently recruiting an Enterprise Fraud Analyst in the Deposit Operations Department. If you are the chosen candidate, you will within minimal supervision, be responsible for performing quantitative and qualitative analysis of transactions to manage and control risk around debit cards and enterprise fraud. You will perform analysis with a variety of investigative and data analysis tools and review various system reports and transactions. You will also act as primary administrator to the Enterprise Fraud system. This candidate is required to stay educated on bank-specific and industry fraud trends in order to develop and implement appropriate responses, run real-time system analysis, develop and maintain policies and procedures pertaining to fraud. You will educate internal departments and business lines on fraud trends and sound practices to mitigate risk and communicate with internal partners, host processers and fraud vendors in order to update fraud rules and respond to fraud threats.

Areas of Focus:

  • Perform analysis of transactions to identify potential fraud and report by payment channel. Use variety of tools to review and revise transaction rules, communicate needed changes and identify accounts that may be compromised while monitoring those events to mitigate fraud loss.

  • Keep apprised of changes to banking regulations and network rules pertaining to fraud, liability and security requirements.

  • Develop and maintain policies and procedures pertaining to fraud. Conduct review at least annually of practices to make any necessary changes to mitigate risk while making recommendations for new tools as appropriate.

  • Educate internal departments and business lines on fraud trends and mitigation techniques and represent SSB on various fraud groups to share industry information and best practices.

  • Develop and produce management reports, forecasts and analyses relating to fraudulent activity and industry trends for senior management while providing regular updates on emerging trends and threats and the impact to SSB.

  • Participate on projects pertaining to enhancements and emerging delivery channels to determine potential risks and implement appropriate rules and risk mitigation tools to prevent fraud.

  • Leverage analytical and technological skill set to evaluate existing departmental reporting and processes in order to identify a more efficient method of retrieving and displaying information.

Required Skills:

  • BS or BA in Math, Finance, Statistics, Economics or IT with 2-3 years of relevant experience with retail payment systems or financial services with an emphasis in fraud products and systems.

  • Cross Channel Risk Certification.

  • Strong analytical, technical and statistical skills with ability to create solutions and data extracts to analyze large amounts of information to make decisions and implement change quickly.

  • High autonomous individual with self-motivation and job ownership. Must have attention to detail and strong organizational skills, as well as ability to take balanced approach to solving fraud issues while delivering a remarkable experience for SSB clients.

  • High internal and external contacts to evaluate and make recommendations on complex and varied issues. Must have sensible judgment, tact and persuasion as well as excellent oral and written communication and interpersonal skills, diplomacy and decorum.

  • Creativity needed to innovate and develop effective and efficient risk solutions and must be flexible to handle multiple projects and priorities as needed.

  • Knowledge of Microsoft Office with advanced Excel and Access skills including creating pivot tables, complex formulas, relating data and producing meaningful reporting.

  • Basic SQL knowledge and experience with SQL Report builder.

Sandy Spring Bank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law. We maintain a drug-free workplace environment and perform pre-employment substance abuse testing.

If you require a reasonable accommodation to apply for a position, please call our job line at 1-800-399-5919 and select option 5. Requests are considered on a case-by-case basis.



Recommended skills

Financial Services
Attention To Detail
Decision Making
Data Analysis
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