Fraud Strategy Analyst

Job description

First Merchants Bank is seeking a Fraud Strategy & Tools Specialist to join our team! As part of the External Fraud Working Group’s strategic initiative, this role is designed to centralize and enhance the bank’s use of fraud prevention and detection tools and technologies. The Fraud Strategy & Tools Specialist will be responsible for fully understanding, optimizing, and aligning fraud tools with business goals, while proactively identifying trends and recommending improvements. This role will serve as a key liaison between fraud operations, line of business (LOB) teams, and external vendors. Essential Duties and Responsibilities: - Tool Optimization & Oversight - Attend vendor and user group meetings to stay current on tool capabilities and updates. - Monitor system changes and assess their impact—both positive and negative—on fraud detection and prevention. - Fully understand the capabilities of existing fraud tools and identify opportunities for enhancement. - Strategic Coordination & Documentation - Understand fraud practices and control effectiveness. - Coordinate with LOBs to support decision-making related to fraud tools and strategies. - Document current state, key decision...