Full-Time

Fednow Data Specialist

Fraud Prevention

Confirmed live in the last 24 hours

The Federal Reserve System

The Federal Reserve System

1,001-5,000 employees

Central bank managing U.S. monetary policy

Fintech
Financial Services

Senior, Expert

Boston, MA, USA + 11 more

More locations: San Francisco, CA, USA | Cleveland, OH, USA | Dallas, TX, USA | Philadelphia, PA, USA | Richmond, VA, USA | Chicago, IL, USA | St. Louis, MO, USA | Kansas City, MO, USA | New York, NY, USA | Minneapolis, MN, USA | Atlanta, GA, USA

Candidates living near Reserve Bank locations will have some work from home flexibility; hybrid work rules differ by Bank.

US Top Secret Clearance Required

Category
Risk Management
Finance & Banking
Required Skills
Python
Data Science
R
SQL
Data Analysis
Requirements
  • Bachelor’s degree in data science, statistics, computer science, business, or a related field (Master’s degree preferred)
  • 5+ years of experience in data analysis with at least 3 years in fraud analytics or prevention in the financial services industry
  • Hands on experience with fraud detection tools, including both industry-standard solutions and specialized niche tools
  • Proficiency in querying and analyzing large datasets using SQL, Python, R, or similar tools
  • Expertise in data cleaning, transformation, and integration
  • Expertise in statistical and predictive analysis
  • Experienced in creating and validating fraud prevention rules to identify, prevent, and mitigate fraudulent activities
  • Ability to communicate technical concepts effectively to technical and non-technical audiences
  • Strong problem-solving skills, attention to detail, and a data-driven mindset
Responsibilities
  • Analyze transactional and behavioral data to detect, monitor, and prevent fraud
  • Recommend, test, and implement new fraud rules to strengthen our organization’s fraud detection frameworks
  • Work with fraud analytics and modeling tools to develop, validate, promote, and monitor fraud models
  • Use fraud detection tools to enable end-to-end workflows, including data ingestion, transformation, modeling, and performance monitoring
  • Apply data generation and transformation techniques to ensure the integrity and quality of datasets used for fraud detection
  • Perform statistical analysis and build predictive models to uncover hidden patterns and fraud risk indicators
  • Monitor fraud model performance and identify opportunities for optimization
  • Create dashboards, reports, and materials to communicate fraud metrics and insights to internal stakeholders
  • Stay current on emerging fraud trends, technologies, and regulatory requirements to inform strategy
  • Collaborate with specialists including data scientists, systems architects, information security architects, and product managers to develop and implement fraud prevention strategies
The Federal Reserve System

The Federal Reserve System

View

The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and financial stability. It formulates national monetary policy, which involves managing interest rates and money supply to promote economic growth and control inflation. The Federal Reserve also supervises and regulates banks and bank holding companies to ensure a safe and sound banking system. Additionally, it provides financial services to banks and the U.S. government, acting as a bank for banks. What sets the Federal Reserve apart from other financial institutions is its unique position as a government entity that operates independently to achieve its goals. The primary aim of the Federal Reserve is to foster a strong economy and maintain a stable financial system, ultimately contributing to the overall well-being of the U.S. economy.

Company Stage

N/A

Total Funding

N/A

Headquarters

null, null

Founded

1913

Simplify Jobs

Simplify's Take

What believers are saying

  • FedNow Service's expansion could improve transaction efficiency and customer satisfaction.
  • Increased focus on digital currency may enhance regulatory and innovation capabilities.
  • Basel III Endgame discussions may strengthen financial system resilience.

What critics are saying

  • Leadership changes may lead to shifts in policy direction.
  • Large bank mergers could increase scrutiny on competition and fair lending.
  • Slow adoption of FedNow by major banks may hinder its effectiveness.

What makes The Federal Reserve System unique

  • The Federal Reserve is the central bank of the United States.
  • It plays a crucial role in formulating national monetary policy.
  • The Fed supervises and regulates banks and bank holding companies.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

401(k) Retirement Plan

Paid Vacation

Paid Sick Leave

Paid Holidays

Pet Insurance

Wellness Program