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Fraud Prevention Specialist

2 months ago

Riverwoods, Illinois, United States Discover Financial Services Full time

Discover. A brighter future.

At Discover Financial Services, we believe in meaningful work from the very start. Our culture thrives on three core principles: We Play to Win, We Get Better Every Day, and We Succeed Together. We are committed to your growth and to making a significant impact in the digital banking and payments landscape. Your uniqueness is valued, and we provide opportunities for you to shine.

As a part of our team, you will contribute to the financial futures of millions while building your own rewarding career.

Position Overview:

At Discover, we foster a culture of diversity, teamwork, and collaboration. We are dedicated to our employees just as much as we are to our customers, consistently earning recognition for our employee-focused initiatives. Be a key player in helping consumers achieve a brighter financial future while advancing your career.

In this role, you will collaborate with both internal and external teams to identify emerging threats within the payments sector. You will develop and implement strategies to prevent payment data breaches and reduce fraud losses. Additionally, you will actively manage and escalate risk-related issues that impact customers.

Key Responsibilities:

As a Fraud Risk Investigator, you will play a critical role in safeguarding the integrity and security of financial transactions. Your responsibilities will include:

  • Supporting management in achieving strategic business goals.
  • Assisting in the rollout of fraud prevention products and initiatives.
  • Providing consultation and training regarding fraud incidents and trends to stakeholders.
  • Monitoring fraud trends to identify irregularities and aid in the development of preventative measures.
  • Representing Discover at industry conferences and events.
  • Collecting and managing documentation related to your work.
  • Preparing materials for audits and internal reviews.
  • Creating technical documentation for training and incident reporting.
  • Investigating alerts from fraud detection systems.
  • Utilizing fraud detection technologies and tools.
  • Identifying new threats and developing training methods for prevention.
  • Staying informed about regulatory requirements.
  • Supporting leadership functions as needed.
Minimum Qualifications:

To be considered for this position, you should possess:

  • A Bachelor's Degree in Security, Risk Management, Information Systems, Criminal Justice, Decision Analytics, or a related field.
  • A minimum of 4 years of experience in Fraud, Information Security, Engineering, Criminal Justice, Decision Analytics, or a related area.
  • Alternatively, 6+ years of relevant experience in lieu of a degree.
Preferred Qualifications:

Ideal candidates may also have:

  • A Master's Degree in a relevant field.
  • 6+ years of experience in Fraud, Information Security, Engineering, Criminal Justice, Decision Analytics, or a related area.
  • Certifications such as PCIP, Certified Fraud Examiner (CFE), or Certified Financial Crimes Investigator (CFCI).
  • Experience with SnowFlake or SQL programming languages.
  • Advanced proficiency in Microsoft Office Suite (Word, Excel, SharePoint, PowerPoint).

Compensation:

The salary range for this position typically falls between $75,500.00 and $127,000. Additional incentives may be included as part of a competitive compensation package, influenced by factors such as geographical location, relevant experience, education, and skill level.

Benefits:

Discover offers a comprehensive benefits package that may include:

  • Paid Parental Leave
  • Paid Time Off
  • 401(k) Plan
  • Medical, Dental, Vision, & Health Savings Account
  • Short-Term Disability, Life, Long-Term Disability, and Accidental Death & Dismemberment Insurance
  • Recognition Programs
  • Education Assistance
  • Commuter Benefits
  • Family Support Programs
  • Employee Stock Purchase Plan

Discover is committed to fostering a diverse and inclusive workplace. We are an equal opportunity employer and do not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or any other legally protected status.