The Fraud Architect is a critical position within a financial services institution (FSI), responsible for designing and implementing robust fraud detection solutions.
The role focuses on safeguarding the organization against fraudulent activities, minimizing financial losses, and maintaining customer trust.
The Fraud Architect collaborates with cross-functional teams to create effective defenses against evolving fraud tactics.
Responsibilities: Real-Time Monitoring and AI Capabilities: Develop and maintain real-time monitoring systems powered by artificial intelligence (AI).
Detect and respond to suspicious patterns as they occur, preventing fraud swiftly.
Continuously adapt to new threats by leveraging AI's learning capabilities.
Integration with Existing Systems: Seamlessly integrate the fraud prevention solution with the FSI's current infrastructure.
Minimize implementation time and costs by avoiding extensive modifications.
Ensure user-friendly interfaces for efficient operation by compliance and security teams.
Offer risk coverage across various fraud scenarios, including account takeover, card fraud, and unauthorized payments.
Address both internal and external threats.
Scale the solution to handle increasing transaction volumes.
Behavioral Biometrics and Identity Validation: Utilize behavioral biometric analysis to detect deviations from normal user behavior.
Validate identities through two-step authentication and other advanced techniques.
Prevent identity theft and unauthorized access.
Collaboration and Communication: Work closely with data scientists, security experts, and business stakeholders.
Communicate effectively to align fraud prevention strategies with business goals.
Qualifications: Bachelor's degree in Computer Science, Information Security, or related field.
Proven experience (typically 5+ years) designing fraud detection solutions in an FSI environment.
Familiarity with AI/ML techniques, real-time analytics, and security protocols.
Excellent problem-solving skills and attention to detail.
Full working rights – Must be an Australian Citizen or Australian Permanent Resident Promote local employment to your region, community or member organisation with a u Workin Talent Community.
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