Fraud Risk Analyst
U.S. Bank · Minneapolis, United States +5 · 11d ago
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Job Description
The Fraud Business Analyst serves as a strategic partner across Fraud Strategy, business lines, digital teams, and enterprise risk functions. The role blends advanced fraud risk analysis with business consulting, solution evaluation, and cross-functional influence. This position identifies fraud vulnerabilities, maps and evaluates business processes, sizes financial impact (fraud losses, revenue impact, operational costs), and translates complex data into clear, actionable insights.
The Analyst applies deep domain knowledge in authentication, transaction risk, identity verification, and servicing workflows to recommend fraud controls, guide vendor solution testing, and support development of enterprise-wide fraud mitigation strategies. This role is also responsible for maintaining awareness of emerging fraud trends, assessing vendor capabilities, contributing to pilot design and evaluation, and delivering structured reporting that informs executive decision making.
The Analyst functions as a connector between technical teams, product owners, fraud operations, and enterprise partners—ensuring data-driven decisioning, process clarity, and delivery of measurable risk reduction.
Basic Qualifications
- Bachelor’s degree, or equivalent work experience
- Typically more than six years of applicable experience
Preferred Skills/Experience
Ability to perform analysis using SAS, SQL, Python, or similar programming language to tie data from multiple sources together
Proficiency in analytics related to financial management, cost benefit analysis, evaluating fraud prevention infrastructure, and making data driven recommendations
Experience analyzing data to determine loss impact on any given product and determine multiple risk management strategies and enhancements
Demonstrated ability to navigate ambiguity, synthesize complex data, and translate insights into actionable recommendations for senior leadership
Capacity to conduct an analysis of business need and/or define and maintain complex process flows as needed, lead meetings, plan agendas, and conferring with business line leaders
Strong project management skills
Effective verbal and written communication skills working with and influencing at all levels of the organization, including senior leadership
Proficient computer navigation skills using a variety of software packages including Microsoft Office applications and data analysis software
Process mapping and ability to understand a business workflow to identify gaps and realize potential solutions
LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.
NOTE: This position is not eligible for current or future visa sponsorship.
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: $105,400.00 - $124,000.00U.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.