Principal - Fraud & Risk Analytics; Hybrid); Richmond, VA)

Position: Principal - Fraud & Risk Analytics (Hybrid) (Richmond, VA)
The Principal Fraud & Risk Analytics Professional is responsible for identifying, analyzing, and mitigating fraud risk through data-driven insights, strategic recommendations, and fraud prevention solutions. This role also independently drives fraud initiatives from concept through implementation, balancing fraud risk, business objectives, operational impacts, and customer experience.

Sub-Family Definition The Fraud & Risk Analytics group is responsible for leveraging advanced analytics, data insights, and industry intelligence to detect emerging fraud risks, evaluate fraud performance, and develop strategies that reduce fraud losses while maintaining an appropriate customer experience. Activities may include partnering across business, technology, operations, and external stakeholders to design, implement, and optimize fraud controls, monitoring capabilities, and risk mitigation initiatives;

and using data-driven analysis to identify trends, recommend actions, and influence strategic decisions related to fraud risk management.

Career Specialization Definition The Fraud & Risk Analytics work focuses on:

Developing and maintaining financial crime risk reporting, dashboards, scorecards, and metrics to support business and regulatory requirements

Analyzing customer, transaction, and risk data to identify trends, emerging threats, anomalies, and control effectiveness

Leading Know Your Customer (KYC), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and customer identification program initiatives

Overseeing transaction monitoring, alert management, investigations, and escalation of suspicious or high-risk activity

Evaluating and enhancing financial crime detection methodologies, monitoring systems, and reporting processes

Managing regulatory examinations, audits, and information requests related to financial crimes programs

Partnering with Risk, Compliance, Technology, Operations, and business leaders to improve data quality, reporting accuracy, and operational effectiveness

Recommending and implementing process improvements, automation opportunities, and risk mitigation strategies based on analytical findings

Reporting key risk indicators, trends, and program performance to senior management and governance committees

Other duties as assigned

Career Level Definition Recognized subject matter expert in a job area typically obtained through advanced education and work experience. Responsibilities typically include:

Managing large projects or processes with limited oversight from manager

Coaching, reviewing and delegating work to lower level professionals

Problems faced are difficult and often complex

Knowledge & Experience Required Bachelor's Degree required; equivalent combination of education and experience may be considered

Typically requires 6 - 8+ years prior experience, with deep knowledge of job area Demonstrated experience identifying, detecting, and mitigating fraud through analytical and strategic solutions

Strong analytical skills with experience working with large data sets and translating findings into actionable business recommendations

Experience developing fraud rules, alerts, strategies, controls, testing approaches, and monitoring frameworks

Proven ability to independently manage multiple complex projects and drive initiatives to completion

Experience collaborating with external vendors, fraud solution providers, and industry partners

Strong problem-solving, critical-thinking, decision-making, verbal communication, written communication, and presentation skills

Experience using analytical and visualization tools such as SQL, SAS, Python, R, Tableau, Power BI, or similar technologies

Ability to develop and present fraud risk metrics, reporting, dashboards, and strategic…