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Fraud Risk Analyst - Transaction & Item Fraud Strategy

U.S. Bancorp

U.S. Bancorp

IT, Accounting & Finance
Multiple locations
Posted on Friday, June 7, 2024

At 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.

Job Description

We are now hiring for an exciting opportunity as Fraud Risk Analyst 3 within U.S. Bancorp’s Enterprise Fraud Strategy team.

The successful candidate will play a key role in U.S. Bank’s Enterprise Fraud Strategy team analyzing data and creating rules to effectively mitigate fraudulent transactions. The individual in this role will leverage advanced analytical techniques to identify fraud trends, test theoretical findings, and implement proven results in our fraud detection system. They will also collaborate with our business partners to quantify the impact of rules changes, identify enhancement opportunities, and communicate all other pertinent information related to the products we monitor. In addition to having a strong fraud and data analysis background, we are looking for someone who is passionate about protecting our customers, comfortable being tasked with ad-hoc requests from senior leadership, and thinking outside of the box to build effective strategies and gain a competitive advantage in our industry.

Position Highlights

  • Responsible for managing, monitoring and coordinating fraud risk management projects for card, deposit and loan products

  • Predicts the level of fraud risk, develops policies and procedures used to evaluate and control fraud risk, and analyzes the potential profit/loss impact on the assigned product line of changes in risk management strategies

  • Develops and maintains the analytical framework and support systems for the fraud claim management and reporting processes

Basic Qualifications
- Bachelor’s degree, or equivalent work experience
- Typically more than five years of applicable experience

- Familiarity and experience with data analysis tools such as SQL, SAS, or Python

Preferred Skills/Experience

- Fraud investigation experience

- Experience with data analysis tools such as SQL, SAS, or Python

- General understanding of bank systems and financial products including ACH transactions, wires, checks, digital payments, and other electronic payments.

- Advanced Excel skills, to include the ability to create pivot tables, charts and graphs

- Thorough knowledge of all departmental data sources, and of fraud risk and operations management associated with the product lines

- Strong analytical skills relative to evaluating fraud prevention infrastructure and forecasting fraud loss trends

- Strong project management skills

- Effective verbal and written communication skills

- Proficient computer navigation skills using a variety of software packages including Microsoft Office applications and data analysis software

**The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.**

**We are hiring in the following location(s):

  • Fargo, ND

  • Saint Paul, MN

  • Tempe, AZ

  • Cincinnati, OH

  • Gresham, OR

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 (some may vary based on role, location or hours):

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.


U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

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: $79,220.00 - $93,200.00 - $102,520.00Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.