Fraud Analytics and Modeling, Senior Data Scientist
Locations: Boston, MA; St. Louis, MO; Cleveland, OH; Philadelphia, PA
Time Type: Full time
Posted: 12 Days Ago
Job Requisition ID: R-0000024895
Company
The Federal Reserve Bank of Boston's Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine Solutions, FedNowSM, Fedwire, National Settlement Service (NSS), FedCash, FedACH (Automated Clearing House), and Check Services. We are currently leading a strategic effort to transform FRFS into a national, enterprise-focused organization.
We are seeking leaders to set the vision, strategy, values, and priorities that enable FRFS to achieve its mission. Our leaders must demonstrate a strategic, action-oriented mindset focused on intellectual curiosity, agility, accountability, and the ability to drive innovation through experimentation.
This position is a unique opportunity to be part of the FedNow Service, which enables financial institutions to provide their customers with the ability to send and receive payments any time, any day.
As a member of the FedNow Fraud Protection team, you will participate in statistical and mathematical initiatives to predict future outcomes through data analysis and respond to fraud attacks. Key responsibilities include evaluating situational threats and trends, performing ongoing analytics, and presenting recommendations to senior leadership.
What you'll do:
- Develop analytics and make recommendations for fraud strategies to minimize fraud loss.
- Contribute to large-scale analytical fraud research projects through all stages.
- Develop and produce executive key performance metrics for fraud protection.
- Perform the design and optimization of algorithms for matching and pattern recognition.
- Create, test, and implement rule and model criteria in applicable fraud detection systems.
- Evaluate fraud cases holistically to identify areas of improvement.
- Compile, review, and assess information from various sources to maintain knowledge in data analysis techniques.
What you have:
- Bachelor’s degree in business administration, finance, computer science, risk management, or a related field.
- 4+ years of data analytics experience, preferably with a financial institution.
- 3+ years fraud protection experience preferred.
- Strong knowledge of descriptive and predictive statistical tools.
- Strong knowledge of programming languages such as SQL, R, or Python.
- Excellent verbal, written, and interpersonal communication skills.
- Strong analytical and problem-solving skills.
The Federal Reserve System is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons.
All employees assigned to this position will be subject to FBI fingerprint/criminal background checks at least once every five years.
The above statements are intended to describe the general nature and level of work required of this position.
Job Details
Full Time / Regular / Exempt
Work Shift: First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization.
Always verify and apply to jobs on Federal Reserve System Careers or through verified channels.
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