Full-Time

Fednow Data Specialist

Fraud Prevention

Posted on 12/24/2024

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

US Top Secret Clearance Required

Category
Risk Management
Finance & Banking
Required Skills
Python
Data Science
R
SQL
Data Analysis

You match the following The Federal Reserve System's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
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

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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. Additionally, the Federal Reserve supervises and regulates banks and bank holding companies to ensure a safe and sound banking system. It also provides essential financial services to banks and the U.S. government. 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 benefiting the public and the global economy.

Company Stage

N/A

Total Funding

N/A

Headquarters

null, null

Founded

1913

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased focus on digital currency enhances regulatory capabilities.
  • Interest on Excess Reserves aids in effective interest rate management.
  • FedNow system modernizes U.S. payment infrastructure, improving efficiency.

What critics are saying

  • Litigation challenges the Fed's stress-testing framework.
  • Leadership gaps may affect oversight on crypto regulations.
  • Slow FedNow adoption could hinder payment infrastructure modernization.

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.

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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

INACTIVE