What are the responsibilities and job description for the Fraud Strategy Manager position at Prodware Solutions?
The client is looking for a Fraud Strategy Manager with deep experience in the U.S. banking and debit cards fraud domain.
This is not a fraud operations or fraud investigation role. They need someone who owns fraud strategies, builds fraud rules, analyzes fraud trends, and optimizes fraud losses.
Job Title: Fraud Strategy Manager
Duration: Fulltime-Permanent Hire
Location: Jersey City, NJ
Work Mode: Hybrid (Minimum 3 days a week in office)
Job Summary:
We are looking for 8 years experienced Debit Card Fraud Strategy professionals to support a US-based client. The role involves end-to-end ownership of fraud monitoring, strategy development, performance management and loss optimization across debit card transactions, with a strong focus on real-time decisioning and post-authorization fraud controls.
Required Domain Experience:
· 8 years of hands-on experience in Debit Card Fraud Strategy or Fraud Analytics
· Strong understanding of US retail banking fraud landscape
· Experience with authorization and post-authorization fraud strategies
Fraud Strategy & Risk Management:
· Design, optimize, and monitor debit card fraud strategies across:
o Card-present (CP) and card-not-present (CNP) transactions
o ATM fraud, POS fraud, e-commerce fraud, and account takeover-linked debit activity
· Develop and fine-tune rules-based and score-based strategies to balance fraud losses, false positives, and customer experience
· Drive fraud loss reduction initiatives while maintaining approval and customer satisfaction KPIs
· Perform root-cause analysis on fraud spikes, emerging attack patterns, and vendor performance issues
· Identify emerging fraud trends such as BIN attacks, merchant breaches, synthetic identity-linked debit misuse, etc.
Technical & Analytical Skills:
· Strong proficiency in MS Excel
· Strong proficiency in SQL for large-scale data extraction
· Hands-on experience with Python for analytics