Job Description

Fraud Risk Analyst

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

We are hiring for an exciting opportunity as a Fraud Risk Analyst within U.S. Bancorp's Quantitative Fraud Strategy team. In this role, you will support fraud prevention, detection, and rule management efforts through data analysis and performance monitoring across digital banking and money movement products. Success in this position requires strong analytical capabilities, a curiosity for understanding fraud trends, and experience working with data using tools such as SAS, SQL, or Python. You will analyze fraud rule performance, identify emerging risks, and provide insights that help drive targeted enhancements to fraud mitigation strategies.

The ideal candidate is passionate about protecting customers, enjoys solving complex analytical problems, and thrives in a collaborative environment. Operating with guidance from experienced team members and management, this role focuses on analyzing fraud performance, evaluating rule effectiveness, and supporting recommendations that strengthen U.S. Bancorp's fraud prevention capabilities while maintaining an appropriate customer experience.

You will work closely with fraud operations, technology, risk management, and business partners to investigate anomalies, identify performance shifts, and conduct root-cause analysis that informs control enhancements and fraud mitigation efforts. This role supports rule strategy development across key areas including First Party Fraud, Third Party Fraud, Account Takeover, Scam, and Identity Theft scenarios. Success in this position requires strong analytical thinking, effective communication skills, and the ability to translate complex findings into clear, actionable recommendations that support sound fraud risk management decisions.

Primary Responsibilities:

• Analyze fraud rule performance, alert outcomes, customer impacts, and loss trends across digital channels to assess effectiveness and identify opportunities for improvement.
• Leverage large and complex datasets to identify emerging fraud patterns, performance shifts, and analytical insights that support fraud mitigation efforts.
• Develop data-driven recommendations that balance fraud risk mitigation, customer experience, and operational efficiency.
• Conduct root-cause analysis on fraud events, performance anomalies, and operational trends to support rule enhancements and control improvements.
• Partner with fraud operations, technology, risk management, and cross-functional teams to validate findings, support rule changes, and ensure alignment with governance standards.
• Translate analytical findings into clear, concise summaries and presentations that support management reviews, stakeholder discussions, and decision-making.
• Utilize approved AI tools, analytics platforms, and digital solutions to improve productivity, efficiency, and analytical effectiveness while applying sound judgment to validate outputs and ensure responsible use.
• Maintain a strong commitment to regulatory compliance, internal controls, and risk management standards by adhering to applicable laws, policies, and procedures.

Basic Qualifications:

• Bachelor's degree, or equivalent work experience
• Typically more than five years of applicable experience

Preferred Skills and Experience:

• Bachelor's degree in Business, Finance, Computer Science, Business Analytics, Statistics, or another quantitative field; Master's degree a plus
• Experience with analytical tools such as SAS, SQL, or Python
• Strong proficiency with Microsoft Office applications and data analysis software
• Knowledge of financial services products, systems, and data, preferably within the fraud domain, including familiarity with online banking and digital payments
• Experience analyzing fraud performance data, alerts, or rule-based controls
• Strong analytical, problem-solving, and critical-thinking skills
• Excellent written, verbal, and presentation skills, with the ability to communicate analytical findings clearly to both technical and non-technical audiences
• Ability to manage multiple priorities in a fast-changing environment while maintaining attention to detail and adaptability
• Ability to deliver high-quality analysis while balancing independent work and effective collaboration in both virtual and in-person environments
• Ability to build strong cross-functional relationships and contribute to stakeholder discussions through clear, data-driven insights

This role requires working from a U.S. Bank location three (3) or more days per week. We are hiring in the following locations:

• Tempe, AZ
• Minneapolis, MN
• Charlotte, NC
• Fargo, ND
• Cincinnati, OH
• Irving, TX

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $92,820.00 - $109,200.00

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