Cyber, Data, Risk & Resilience's mission is to deliver first-line defences to manage Cyber and Fraud risks to Morgan Stanley's technology, operations and information through risk identification, control management and assurance. This allows the business to operate and grow in a secure and legally compliant manner. The team's vision is to deliver programs that protect and enable the business, ensure secure delivery of services to clients, adjust to address the risks presented by an evolving threat landscape and meet regulatory expectations.
As a Detection Strategist on the Fraud team, you will be part of a dynamic team using data and analytics to root out the bad actors to protect our clients and the Firm. You will identify fraud trends, investigate suspicious behavior and identify significant insights from different sets of data. You will develop and communicate creative solutions to combat different types of fraud
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Job Responsibilities/Profile
- Use data to detect out of pattern transactional activity
- Responsible for combining internal data with external intelligence to detect fraud as early in the fraud lifecycle as possible
- Come up with solutions to the trends identified by improving existing or creating new controls
- Create effective solutions in improving efficiency using different analytical techniques and forecasting
- Create rules in the rule's engine and conduct pre and post production testing to ensure effectiveness
- Reach across the aisle and partner cross-functionally with groups such as Customer Service, Product Management, and Engineering/Technology to enhance tools, data sources, system functionalities, and fraud detection methods
- Partner with the Data Science team to develop fraud risk models
- Work closely with Fraud Operations to manage rule strategies to people capacity
- Use statistical methods to analyze data and generate useful business reports
- Communicate trends, findings, proposals/solutions to Management and Stakeholders
- Measure performance using appropriate tools and techniques
- Generate suspicious activity reports and risk management reports for Management
- Recommend or introduce new tools used for fraud detection, prevention and reporting activities
- Perform other related duties as assigned
Must have Skills:
- 3+ years working in fraud analytics
- Proficiency with executing complex SQL queries (joins, subqueries, unions, temporary tables)
- Ability to diagnose an issue, identify a root cause, summarize, present, drive resolution, and track results
- Excellent communication and writing skills
- Must be dynamic self-starter, able to work independently or as part of a team
- Ability to work in a high-pressure environment
Desired Skills
- Fraud prevention or behavior analysis experience
- Familiarity with statistical data analysis and visualization tools (Tableau, SAS, Python, R, etc.)
- Analytics skills with big data
- Experience working with Data Science and Product teams to support business
- Bachelor-s Degree or Master's degree ( in analytics, Statistics, Mathematics, Information Systems, etc) or equivalent work experience in an area relevant to this position
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.
We're committed to bringing passion and customer focus to the business.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).