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Risk Analyst

SUMMARY
The Risk Analyst plays a vital role in Fort Knox Federal Credit Union's (Credit Union) risk management process.
The Risk Analyst is responsible for the development and maintenance of the fraud program across the enterprise. This position will work with departments to identify fraud, determine trends, and adjust the fraud program accordingly.
To effectively identify trends, and appropriately mitigate future losses, this position will review and analyze all rules and system settings to determine if opportunities exist to reduce losses to the Credit Union and/or improve the member experience.
The Risk Analyst will support the evolution of the Governance, Risk Management, and Compliance (GRC) program by providing insight to emerging risk throughout the organization, with a specific focus on reducing fraud risk across the Credit Union.
This position will be responsible for developing and maintaining trend analyses and summary reports to provide management with insight to status of fraud risk.
A fun and engaging culture is critical to the health and success of the organization. The Risk Analyst supports and contributes to the culture by promoting teamwork, growth and development, collaboration, and innovation.
The VP, Risk provides day-to-day management of the Risk Analyst.
ESSENTIAL DUTIES
Works with departments to detect and mitigate fraud and emerging trends.
Develop and maintain fraud reporting to be provided to management and the Board.
Develop and maintain any fraud related policies and procedures.
Review rules and system settings for all products, including debit and credit cards, to determine the effectiveness of existing rules and opportunities for additional rules. Provide management with a risk analysis for any changes that are needed. Risk analysis will include the cost and benefit to the credit union and the member experience.
Assists in the design, development, and implementation of fraud reduction initiatives at the Credit Union.
Acts as an internal and external fraud expert.
Helps promote fraud awareness across the Credit Union.
Researches and stays up-to-date on regulatory requirements impacting fraud risk management.
Reviews industry news and publications to determine emerging fraud trends.
Assumes additional responsibilities and leads special projects as assigned.
QUALIFICATIONS
1. REQUIRED:
Degree in Accounting, Finance or related field obtained through a formal 4-year program, from an accredited higher education institution or equivalent work experience.
Ability to work independently with only broad mission-type guidance, delivering desired products under strict time constraints.
Must possess a high proficiency in Excel with the ability to create formulas and create documents quickly.
Superior communications skills, both oral and written.
Proficiency with personal computer and application software such as email, internet, intranet, word processing and spreadsheets.
Must adhere to a high degree of confidentiality and ability to effectively interact with staff at all operational levels.
DESIRED:
Some operational experience in the financial industry.
Knowledge of the credit union movement and Credit Union policies and procedures.

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