Overview Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members “do better.” Joining PenFed is more than being an employee; it’s about being a part of the PenFed family. PenFed is hiring a (Hybrid) Fraud Business Analyst at our Tysons, Virginia location. The primary purpose of this job is to detect suspicious activity from multiple sources, including detection software, other PenFed internal systems and reports, and information provided through internal and external referrals. This position will place particular emphasis on being familiar with relevant datasets, creating and maintaining MIS, monitoring and identifying emerging fraud trends, and communicating findings to management. Responsibilities Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned. Execute data programming necessary to complete analysis of emerging fraud trends, fraud risk criteria, high risk segments, and help develop fraud prevention strategies. Extract meaning from large quantities of complex data, make connections, and identify anomalies, trends, and reoccurrences as it relates to fraudulent activity. Develop queries, analyses, and reports to identify key data elements that can be utilized to monitor and identify fraud trends. Maintain and run accurate and timely daily/weekly/monthly MIS. Create and manage decision effectiveness (fraud strategy performance evaluation and detection metrics) MIS and monitoring MIS – for fraud and disputes, identify underperforming strategy segments, and revise strategies. Support fraud detection efforts through data analysis, real-time strategy building, and MIS. Work closely with management to share findings and assist in identifying current fraud trends and root causes, identify fraud risk gaps, and collaborate with senior analysts on recommendations. Provide continuous analytical support with various types of ongoing fraud investigations. Ensure Proper controls are in place for the detection and prevention of suspicious activity to include but not limited to the use of automated systems, reports, and other technological tools. Clearly articulate findings and observations and make recommendations as appropriate. Employ necessary BI/reporting tools like Excel and SQL. Work with other business teams to ensure consistent and accurate reporting while minimizing redundancy. Research, investigate and monitor fraud claims items until resolved (backup capacity, if required). Qualifications Equivalent combination of education and experience is considered. Bachelor’s Degree in Accounting, Finance, Statistics, Economics, or related field is required. Computer Science and Criminal Justice degrees will be considered with appropriate experience. Minimum of two (2) years’ experience in data analytics, forensic accounting, fraud investigations, or BSA/AML is required. Experience working with large datasets and knowledge of various data analytics software packages and tools (e.g., MS-Excel, SAS, SQL, or ACL). Financial and business acumen, along with strong technical skills are key components of this position. Experience with data analytics required, preferably in authorizations or fraud risk. Expertise with Excel (including pivot table, creating charts and graphs) and Microsoft Office Suite required. Experience with SAS, R Language, SQL, Visual Basic, Tableau, BI reporting tools, or other business intelligence tools required. Supervisory Responsibility This position will not supervise staff. Licenses and Certifications There are no additional certifications required. Work Environment While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise. *Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.* Travel Ability to travel to various worksites and be on-call may be required. About Us Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.9 million members and over $31 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam and Puerto Rico. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day. We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more. Equal Employment Opportunity PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same. PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 402-639-8568. #LI-Hybrid