Job Location: Riverwoods, IL
Discover. A brighter future.
With us, you’ll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it — we want you to grow and make a difference at one of the world’s leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.
Come build your future, while being the reason millions of people find a brighter financial future with Discover.
Job Description
This is a Network level Fraud Risk Management role with a unique vantage point between global Merchants, Issuers and Network Alliance Partners. Responsible for the development and implementation of best-in-class fraud analytics and fraud prevention rule writing that leverages real-time Network level transactional data to protect the Network. Works closely with Business Technology, Products, Global Network Analytics and Global Fraud Prevention Consulting teams to prioritize and push forward initiatives that will enhance the attribute set and data sources available for fraud prevention and detection on a best in industry Fraud Management platform.
Responsibilities
- Develops and implements best-in-class fraud detection analytics that leverages real-time transactional data.
- Writes fraud rules using an industry leading fraud management platform.
- Supports key projects as they pertain to Network Fraud Risk initiatives.
- Champions new initiatives to achieve Network Fraud Risk Management’s core goals and the goals of Business. Champions innovations to reduce fraud risk, improves operations, and leverages security to improve the safety of the Network and customer experience.
- Collaborates with Network Risk Operations to ensure Strategies are feasible and streamlined for operational efficiency.
- Reports fraud losses, trends, and variances to Senior Management and adapts strategies and resources allocation to current fraud environment.
- Develops fraud scorecards for various channels of fraud and shares those with Senior Management in corresponding business units.
Minimum Qualifications
At a minimum, here’s what we need from you:
- Bachelor’s Degree Statistics, Economics, Engineering, Computer Science, other Quantitative fields or related field
- 2+ years of experience in fraud prevention analytics, quantitative analytics, or related field
Preferred Qualifications
If we had our say, we’d also look for:
- 4+ years of experience in Project Management
- 8+ years of experience in Fraud, Analytics, strategy within credit card industry, or related field
- Knowledge of ISO 8583 and Payment processing
- Robust rule writing abilities in SQL, SAS, Python
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What are you waiting for? Apply today!
All Discover employees place our customers at the very the center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.
The same way we treat our employees is how we treat all applicants – with respect. Discover Financial Services is an equal opportunity employer (EEO is the law). We thrive on diversity & inclusion. You will be treated fairly throughout our recruiting process and without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status in consideration for a career at Discover.
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