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Fraud Support Associate Jobs in Delaware (NOW HIRING)

Fraud Product Manager

Wilmington, DE ยท On-site

$77K - $127K/yr

At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their ... Build a prioritized roadmap of fraud initiatives, each supported by a clear business case covering ...

Fraud Product Manager

Wilmington, DE ยท On-site

$100 - $125/hr

At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their ... Build a prioritized roadmap of fraud initiatives, each supported by a clear business case covering ...

Fraud Product Manager

Wilmington, DE ยท On-site

$77K - $127K/yr

At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their ... Build a prioritized roadmap of fraud initiatives, each supported by a clear business case covering ...

Fraud Product Manager

Wilmington, DE ยท On-site

$77K - $127K/yr

At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their ... Build a prioritized roadmap of fraud initiatives, each supported by a clear business case covering ...

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Fraud Support Associate information

What does a Fraud Support Associate do?

A Fraud Support Associate is responsible for identifying, investigating, and resolving suspicious activities or transactions that may indicate fraudulent behavior. They review account activity, communicate with customers to verify information, and work closely with other departments to prevent financial losses. Their role is essential in maintaining the security and integrity of financial systems, ensuring that legitimate customers are protected from fraud. Additionally, they may assist in educating customers about fraud prevention and report findings to regulatory authorities when necessary.

What are the key skills and qualifications needed to thrive as a Fraud Support Associate?

To thrive as a Fraud Support Associate, you need strong analytical skills, attention to detail, and a background in finance, business, or a related field. Familiarity with fraud detection software, case management systems, and sometimes certifications like CFE (Certified Fraud Examiner) are valuable. Excellent communication, problem-solving abilities, and resilience under pressure help you stand out in this role. These skills are essential for accurately identifying fraudulent activities, supporting investigations, and protecting both customers and the organization.

What are some common challenges faced by Fraud Support Associates, and how are they typically addressed within the team?

Fraud Support Associates often encounter challenges such as handling high-stress situations, quickly analyzing suspicious activities, and communicating effectively with both customers and internal teams. To address these, teams typically provide robust training on fraud detection tools and escalation processes, as well as ongoing support through regular team meetings and knowledge-sharing sessions. Collaboration with risk management, customer service, and technical teams is common, ensuring associates have the resources and guidance needed to resolve cases efficiently while maintaining customer trust.

What cities in Delaware are hiring for Fraud Support Associate jobs?

Cities in Delaware with the most Fraud Support Associate job openings:

Quant Analytics Associate I - Fraud Strategy

Wilmington, DE โ€ข On-site

Fairygodboss
Recruiting and Staffing Servicesย โ€ขย 11 - 50 employees

$80 - $100/hr

Other

Medical, Retirement

Posted 7 days ago


Key responsibilities

  • Manage, develop, communicate, and implement fraud strategies to reduce fraud-related losses and improve customer experience at Point of Sale

  • Interpret large amounts of complex data to identify risk trends, opportunities, and key risk indicators

  • Collaborate with cross-functional partners to understand business challenges and communicate findings to management


Job description

Drive impactful fraud prevention as a Quantitative Analytics Associate on our Point of Sale Fraud team - where your advanced risk analyses and strategic insights help reduce fraud losses, protect customers, and influence key decisions across the organization.

As a Quantitative Analytics Associate in the Point of Sale Fraud team, you will manage fraud risk strategies in the Fraud Policy area and perform complex risk analyses with the objective of reducing fraud related losses while balancing customer impact. You will frequently interact with crossโ€‘functional partners and present findings to managers and executives.

Job Responsibilities
  • Interpret large amounts of complex data to formulate problem statement, concise conclusions regarding underlying risk dynamics, trends, and opportunities
  • Manage, develop, communicate, and implement optimal fraud strategies (including rules, cutoffs, policies, operational flows, etc.) to protect the bank from fraud related losses and improve customer experience at Point of Sale
  • Identify key risk indicators and metrics, develop key metrics, enhance reporting, and identify new areas of analytic focus to better capture fraud.
  • Provide subject matter expertise on strategy implementation/testing and initiatives related to the improvement of risk mitigation processes and infrastructure
  • Collaborate with crossโ€‘functional partners to understand and address key business challenges
  • Identify business opportunity by performing well thought analysis โ€“ data mining, ensuring data integrity, synthesizing and communicating findings to senior management
  • Assist team efforts in the critical development of new fraud pattern or spending pattern detection tools while providing clear/concise oral and written communication across various functions and levels, inclusive of Operations, IT, and Risk Management
Required Qualifications
  • Bachelor's degree (or related work experience) in a quantitative discipline in a financial services organization and 2 or more years' experience in fraud/risk/payments or related field.
  • Advanced understanding of Python, SAS, and SQL.
  • Ability to query large amounts of data and transform raw data into actionable management information.
  • Strong analytical and problemโ€‘solving abilities.
  • Experience delivering recommendations to management.
  • Selfโ€‘starter with the ability to drive for resolution.
  • Strong communication and interpersonal skills with the ability to interact with individuals across departments/functions and with seniorโ€‘level executives.
Preferred Qualifications
  • Master's degree (or related work experience) in a quantitative discipline, preferably in a financial services organization, plus 2 or more years' experience in fraud/risk/payments or related field.
  • Experience with Machine Learning technologies and knowledge of LLMs.
Benefits

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commissionโ€‘based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, including comprehensive health care coverage, onโ€‘site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more.

Equal Opportunity Employer

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

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