Manager, Fraud Prevention and Detection (Bank Fraud Root Cause Analysis)

Company: USAA
Location: Colorado Springs
Posted on: January 24, 2025

Job Description:

Why USAA?At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted advice. We seek to be the #1 choice for the military community and their families.Embrace a fulfilling career at USAA, where our core values - honesty, integrity, loyalty and service - define how we treat each other and our members. Be part of what truly makes us special and impactful.The OpportunityAs a dedicated Manager, Fraud Prevention and Detection, you will analyze large volumes of data from various sources to detect fraud trends and anomalies, develop and maintain detailed reports, dashboards, and presentations for senior management that summarize findings and recommended actions, collaborate with Insights and Analytics teams to enhance fraud detection based on insights gathered from root cause analysis, suggest and drive improvements to fraud detection systems and tools based on findings root cause analysis, provide guidance and training to fraud root cause analysis senior analysts on fraud detection and root cause investigation techniques and present findings and recommendations to senior leadership in a clear and concise manner to evolving fraud schemes.This position can work remotely in the continental U.S. with occasional business travel. What you'll do:

• Provides daily management direction to team and business partners to mitigate financial and reputational risks.
• Completes loss analysis on alerts and cases to identify emerging trends and partners with strategy teams to develop countermeasures to identify, detect and prevent potential threats.
• Measures and communicates business performance, fraud prevention and loss trends in comparison to industry metrics and member friction index benchmark.
• Provides timely response to Executive Resolution Teams, Office of the CEO, and other key executives on member complaints tied to account compromises, account takeovers, deposit holds, account restrictions, denial of new and existing accounts/products, etc.
• Routinely meets with key stakeholders and business partners to ensure work processes are running as planned, exceptions and high-level cases are expedited for handling and follow up.
• Proactively identifies opportunities to improve operational effectiveness.
• Implements and monitors processes and performance standards.
• Provides feedback for improvements to process and product owners.
• Removes obstacles and champions change.
• Manages individual and team performance against individual and team goals.
• Provides regular individual and team training on all designated financial.
• Builds and oversees a team of employees for assigned functional area through ongoing execution of recruiting, development, retention, coaching and support, performance management, and managerial activities. - -
• Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.What you have:
  • Bachelor's Degree; OR 4 years of related financial services or federal, state, local, or military law enforcement investigations experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
  • 6 years of financial services experience, to include at least 3 years of fraud or operational experience in one or more of the following areas: check , wire, ACH, securities/brokerage, card, ID theft, corporate security investigations, collections underwriting, risk, compliance, internal audit or other related experience.
  • 2 years of direct team lead, supervisory or management experience.
  • Ability to develop technical procedures and training.
  • Experience in bank operations, fraudulent review, and regulations that relate to funds availability, check kiting and check fraud. -
  • Advance knowledge of the Bank's fraud prevention controls, risk processes, systems and data environments. -
  • Advance knowledge of REG CC, REG E, or REG Z Certificates and Designations Association of Certified Fraud Examiners (ACFE) preferred fraudulent activities for a wide range of enterprise financial products and services.
  • Knowledge of federal laws, rules, - and regulations to include: -Reg CC, Reg E.What sets you apart:
    • Strong leadership and people management skills, with a demonstrated ability to motivate and develop team members.
    • Familiarity with industry regulations, compliance standards, and fraud detection frameworks
    • Experience providing strategic feedback to leadership to drive process improvements and optimize organizational performance.
    • Ability to succeed in a fast-paced environment, prioritize effectively, and manage multiple initiatives simultaneously.
    • U.S. military experience through military service or a military spouse/domestic partner.The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.Compensation range: The salary range for this position is: $93,770 - $179,240.Compensation: USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market data of the position. The actual salary for this role may vary by location. -Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors.The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job. -Benefits: At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals. -For more details on our outstanding benefits, visit our benefits page on USAAjobs.com.Applications for this position are accepted on an ongoing basis, this posting will remain open until the position is filled. Thus, interested candidates are encouraged to apply the same day they view this posting. -USAA is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Keywords: USAA, Colorado Springs , Manager, Fraud Prevention and Detection (Bank Fraud Root Cause Analysis), Executive , Colorado Springs, Colorado