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Job Description Role Overview

As a Senior Fraud Risk Analyst, perform the strategic development, implementation, and oversight of fraud detection rules across multiple platforms, including Falcon, VCAS, VRM, and MDES. Responsible for ensuring fraud mitigation strategies are data-driven, compliant, and aligned with enterprise risk policies. Bridge technical fraud analytics, operational execution, and cross-functional collaboration to protect the bank and its customers from evolving fraud threats.

Key ResponsibilitiesFraud Rule Development & Management

Design, implement, and monitor fraud detection rules using Falcon, VCAS, VRM, and MDES platforms.

Implement rule change documentation and monitor rule performance following model updates, in accordance with SOX and audit controls.

Manage monthly rule performance reviews (RPRs), ensuring rules meet false positive thresholds and are optimized for loss mitigation.

Manage trends for fraud loss performance, including monitoring loss trends, identifying rule‑level gaps contributing to losses, and implementing targeted rule updates to reduce exposure while balancing customer experience.

Trend Detection & Monitoring

Oversee the Trend Detection and Monitoring control, including procedure updates, training, and compliance reviews.

Analyze emerging fraud patterns (e.g., cash advance fraud, mobile wallet relay, test auth transactions) and implement targeted rule responses.

Conduct monthly deep‑dive analyses across multiple data segments, delivering diagnostic and prescriptive insights through clear, data‑driven storytelling to inform management decisions.

Governance & Compliance

Ensure fraud rule governance aligns with internal policies and external mandates (e.g., EFRM, internal controls and procedures, and SOC1).

Collaborate with legal and compliance teams on rule attestation processes and regulatory interpretations.

Maintain documentation and audit trails for rule changes, including secure storage and access controls.

Cross-Functional Collaboration

Partner with Fraud Strategy, PCS Risk, , and Retail Banking Payments groups to align rule strategies and reporting.

Participate in working groups and business reviews with Visa and Mastercard to address network mandates and fraud trends.

Leadership & Mentorship

Coach fraud analysts on rule writing, trend analysis, and strategic thinking.

Tools & Technologies

Falcon Fraud Manager:

VCAS Cardinal Commerce:

SAS, RPS DW, Casper

MDES (Mastercard Token Provisioning)

Visa Risk Manager (VISA Token Provisioning)

Microsoft Teams, Outlook, One Drive, Copilot

Key Skills

Fraud analytics and rule logic development

Regulatory compliance and audit readiness

Strategic planning and cross-functional partnerships

Data-driven decision making

Technical writing and documentation

Basic Qualifications

• Bachelor’s degree, or equivalent work experience
• Typically more than eight years of applicable experience

Preferred Skills/Experience

• Comprehensive 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

LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.

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.

Benefits:

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:

• 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

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

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: $119,765.00 - $140,900.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.