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Operational Risk - Fraud Manager in Cincinnati at Huntington

Date Posted: 8/23/2018

Job Snapshot

Job Description



Operational Risk Section Manager -- Fraud

The Operational Risk Section Manager for Fraud is a 2nd line function focused on the oversight and governance of 1st line fraud loss prevention and mitigation to include but not limited to debit, credit and ATM card fraud, check fraud and deposit fraud thru multiple channels, ACH, bill pay, new account and identity theft.

The Operational Risk Section Manager will work with Operational Risk team to develop and implement strategies that achieve overall bank goals. This role also has responsibility to review and make recommendations for fraud mitigation and loss prevention to the first line teams while analyzing data and industry trends and providing reporting to executive leadership, both directly and through bank committees. This role is responsible to provide governance to processes related to not only internal processes and systems but also for vendors/processors to evaluate, test and challenge fraud mitigation strategies/solutions.

The role will also work with the 1st line teams to identify significant issues and control weaknesses, and make recommendations to line management to minimize exposure or loss. This role will also be required to perform analysis and provide interpretation of data from the bank and third parties to identify situations that require additional investigation based on the bank's risk appetite.

Key Responsibilities:

  • Analyzes, identifies and communicates emerging risk trends and develops policies and metrics to measure and mitigate fraud risk exposure to Huntington.
  • Oversees and provides governance to 1st line functions related to fraud mitigation and loss prevention including card fraud and dispute claims and returned check/negative balance activity.
  • Ensures first line is managing vendor relationships related to fraud and loss preventions.
  • Responsible for developing a thorough understanding of online and call center authentication tools and strategies and maintaining an in-depth understanding of all forms of electronic payments, ACH, Bill Payment Checks, ATM & Mobile deposits, Remote Deposit Capture, wires etc.
  • Reviews and provides input to 1st line processes related to loss recovery through criminal prosecution, insurance claims, UCC Breach of presentment/transfer warranties, negotiable instrument law and indemnifications.
  • Maintains in-depth knowledge of departmental and security policies and procedures.
  • Maintains a working knowledge and coordinates with compliance for key regulations such as, REG Z, REG E and REG CC, BSA, AML, etc.
  • Must be a team player and able to build strong working relationships across Huntington
  • Creates reports, documentation and presentations suitable for distribution to senior level/executive management and key committees.
  • Works closely with the Risk Management operations and compliance teams to set policies and rules that govern monitoring and due diligence of transactions and consumers.
  • Conducts ongoing analysis to identify root cause of fraud trends
  • Collaborates with 1st line Fraud Operations teams to deliver feedback and insight on requirements for implementation of new fraud strategies

Basic Qualifications:

  • Bachelor degree
  • A minimum of 5 years Fraud and Loss Prevention experience.

Preferred Qualifications

  • The preference is for the Fraud and Loss Prevention experience be in a Financial Institution.
  • Must have CFE or willingness to obtain CFE within 12 months of hiring.
  • Knowledge of the UCC and criminal code and bank operations is highly desirable.
  • Advanced analytics work experience.
  • Strong knowledge of the fraud management life cycle and industry trends.
EEO/AA Employer/Minority/Female/Disability/Veteran/Sexual Orientation/Gender Identity Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details. Huntington does not accept solicitation from Third Party Recruiters for any position.
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