Role: Product Owner
Location: Newark, DE (2-3 days on site)
Duration: 6+ month Contract
Compensation: $48.00 – 53.00/hr
Work Requirements: US Citizen, GC Holders or Authorized to Work in US

If interested, please contact Margot Parsons at mparsons@inspyrsolutions.com or call 714-465-5478

Summary:

• Develop, implement, and manage first line fraud product strategy and practice to ensure comprehensive coverage of internal and external fraud. Ensure adequacy of coverage for end-to-end processes that span multiple businesses.
• Understand upcoming threats and formulate fraud risk strategies, and design and develop solutions in partnership with the technology organization to mitigate the risk.
• Actively engage assigned units, subsidiary and affiliates to ensure that the fraud risk practice is balanced, comprehensive, and a transparent reflection of the company compared to risk appetite.
• Work directly with the leadership team to embed an understanding of the fraud risk profile and risk appetite into strategic decision-making; challenge decision-making that contradicts the profile and risk appetite.
• Requirement Gathering and Analysis: Collaborate with stakeholders, including fraud analysts, risk managers, and technology teams, to gather requirements for fraud detection and prevention systems. Analyze and prioritize requirements based on business impact and feasibility.
• Translate requirements into detailed specifications and design fraud prevention and detection solutions. Create a roadmap for system enhancements and new features, considering both short-term goals and long-term vision.
• Design the solution and build requirements for a tool to support the reporting of fraud risk profiles, analysis, and exposures to the Executives, Senior Management, and parent company regularly. Reporting should include existing and emerging areas of risk, implications for operational risk appetite, and the ability of the risk management and control infrastructure to support business activities.
• Quality Assurance and Testing: Collaborate with the quality assurance teams to define test plans and ensure the effectiveness of fraud detection algorithms and systems. Conduct user acceptance testing to validate the functionality and performance of the developed solutions.
• Identify requirements for deep dive, initiate or lead deep dive assessments in the bank, as required.
• Participate in committees or associated governance/review activities on key business initiatives, ensuring that existing and emerging fraud risks for new products, processes, and transformational initiatives are identified.

Required:

• 4+ years of Product experience
• Banking experience; fraud product experience is a plus
• Some experience working with case management systems, such as Salesforce

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