Fraud Risk Analyst

Fraud AnalystAt U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.In this role, you will analyze complex data, identify emerging fraud trends, and develop strategies that prevent fraud across new account originations. You will own fraud rule strategies for one or more products, leveraging SAS, SQL, Python, and other analytical tools to design, test, implement, and optimize fraud controls. Working closely with partners across operations, technology, and risk management, you will quantify business impacts, balance fraud mitigation, customer experience, and operational efficiency to drive continuous improvement of fraud prevention capabilities.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. Operating with a high degree of independence, this role requires strong analytical judgment, strategic thinking, and the ability to drive fraud strategy initiatives with limited oversight.You will evaluate emerging fraud trends, assess the performance and efficiency of existing rules, and leverage statistical analysis and performance monitoring to make data-driven recommendations regarding rule thresholds, segmentation, and treatment strategies. You will also design and execute strategy tests and champion/challenger initiatives to evaluate rule performance and identify opportunities for optimization. As a self?starter and collaborative contributor, you will work closely with teams across and beyond the Quantitative Fraud Strategy organization to develop sustainable strategies, share insights, and support rule development across key areas including First?Party Fraud and Third?Party Fraud. This role emphasizes analytical skills, effective decision-making, and the ability to deliver clear, actionable recommendations informed by a strong understanding of rule strategy, operational considerations, and strategic priorities.Primary ResponsibilitiesDevelop, implement, and continuously refine fraud rule strategies that leverage departmental data, balancing fraud mitigation, false positive rates, and alignment with organizational prioritiesAnalyze large, complex datasets to identify emerging fraud trends, performance shifts, and strategic opportunities that inform rule development and refinementTranslate analytical findings into clear, actionable recommendations and communicate strategy updates, rule performance insights, and business impacts to management, partners, and key stakeholdersMonitor and evaluate rule performance on an ongoing basis, detecting anomalies, validating thresholds, and proactively identifying opportunities to strengthen existing strategies and processesLeverage approved AI, analytics, automation, and visualization tools to accelerate insight generation, improve operational efficiency, and enhance fraud detection capabilitiesCollaborate 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 standardsBasic QualificationsBachelor's degree, or equivalent work experienceTypically more than eight years of applicable experiencePreferred Skills and ExperienceStrong background in fraud analytics and rule development, with demonstrated ability to identify emerging fraud trends and translate findings into effective rule changesDeep expertise in SQL, SAS, and Python, with the ability to independently design analytical frameworks, automate complex processes, build predictive models, and translate large-scale data into actionable fraud risk strategies and business recommendations.Experience supporting fraud strategy development within account origination, onboarding, identity verification, or digital banking environmentsExperience with external fraud and identity providers (Socure, LexisNexis, Sentilink, etc.)Experience performing strategy testing, segmentation analysis, or champion/challenger experimentsExperience working in large datasets to support strategy testing, treatment analysis, and performance evaluationKnowledge of Fair and Responsible Banking principles and compliance considerations in strategy developmentComprehensive knowledge of bank systems and experience with fraud decisioning platforms and rule enginesThorough understanding of fraud typologies, including First-Party Fraud, Third-Party Fraud, Synthetic Identity Fraud, and related fraud risks, along with experience developing mitigation strategiesStrong verbal and written communication skills, with the ability to effectively present complex analytical findings, fraud trends, and strategic recommendations to senior leaders and executive stakeholders.Ability to influence cross-functional partners through data-driven recommendations and effective communication.Ability to manage multiple priorities in a fast?moving environment, demonstrating strong organizational skills, attention to detail, and effective decision-makingCommitment to compliance, internal controls, and ethical use of technology, including responsible use of approved AI tools to enhance accuracy, efficiency, and productivityProficient computer navigation skills, including Microsoft Office and data analysis softwareBachelor's degree in Quantitative field; Master's degree a plusThis role requires working from a U.S. Bank location three (3) or more days per week.If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:Healthcare (medical, dental, vision)Basic term and optional term life insuranceShort-term and long-term disabilityPregnancy disability and parental leave401(k) and employer-funded retirement planPaid vacation (from two to five weeks depending on salary grade and tenure)Up to 11 paid holiday opportunitiesAdoption assistanceSick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by lawU.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $119,765.00 - $140,900.00