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KDnuggets Home » Jobs » FRB: Fraud Data Analyst  ( 13:n13 )

Fraud Data Analyst, 230930


"Do Not Pay" is the US Treasury to identify, reduce, and prevent improper payments. Work on completing robust data analytics on federal payment data to identify potential fraud. US Citizenship required



Federal Reserve Bank of St. Louis Company: Federal Reserve Bank of St. Louis
Location: St Louis, MO
Web: stlouisfed.org/

Job Summary:
The Federal Reserve Bank of St. Louis offers you the opportunity to be part of an exciting organization that is Central to America's Economy. Our work is stimulating and our atmosphere is high energy and supportive.

Do Not Pay is the U.S. Department of the Treasury's new program designed to give paying agencies access to the critical information needed to identify, reduce, and prevent improper payments. This program was initiated as part of a June 18, 2010, Presidential Memorandum directing agencies to review current pre-payment and pre-award procedures and to ensure that a thorough review of available databases, with relevant information on eligibility, occurs before federal funds are disbursed.

We are seeking a Business Analyst that will be a part of a function tasked with completing robust data analytics on federal payment data to identify potential fraud. The services will include:

  • the development of rules, techniques, algorithms, and models to: 1) detect abnormal or anomalous patterns in payment activity, 2) identify relationships (link analysis), and 3) predict how these patterns and relationships may change over time; and
  • the development of methodologies and practices to enhance the ability of agencies to reduce payment errors and prevent fraud

Job Duties & Responsibilities:

  • Perform analysis of moderate and large size data sets using spreadsheets
  • Identify creative and useful additional analyses based on client feedback and subject matter expertise
  • Determine formats, structure, and categories of data to be used or extracted during analysis, and relationships between data elements that will produce information that will help identify improper payments
  • Engage and facilitate discussions with Federal Program agencies to identify business rules for use in assessing payments data for improper payments
  • Extract and integrate data from multiple sources in multiple formats (e.g., database, spreadsheets, text files) for performing modeling, analysis, and reporting
  • Present findings and recommendations related to the analysis and identification of improper payments
  • Review analyses to ensure results are reasonable
  • Produce reports suitable for technical and non-technical audiences that are well structured, include explanations of results, and include recommendations to reduce improper payments
  • Provide data analytics subject matter expertise to client and team members to promote the application of best practices
  • Develop effective working relationships with Treasury client and other project stakeholders
  • Interact with Treasury clients and various project members to ensure that specified business needs are met

Job Qualifications:

  • U.S. Citizenship required
  • Bachelor's degree in Business, Finance, Economics, Computer Science or equivalent experience required
  • 3+ years experience in related field
  • Excellent analytical and problem solving skills with attention to detail and data accuracy
  • Strong interpersonal, communication (verbal and written), relationship management, and customer service skills with a focus on working effectively in a team environment
  • Proficiency in automated database, spreadsheet, and analysis tool
  • Knowledge of database programming such as SQL and experience with analytical and statistical software packages such as SAS,R, and S-plus is helpful
  • Ability to use MS Office Suite (Word, Excel, Powerpoint, Access, Visio)
  • Ability to complete analysis using statistical applications and database programs is a plus
  • Strong organizational, time management and follow up skills
  • Ability to work cross-functionally to solve complex problems and improve quality and service
  • Ability to perform involved and independent research and analysis
  • Ability to present and convey results of analyses to various audiences
  • Ability to manage multiple projects and work processes in a timely fashion
  • Ability to maintain confidentiality and appropriately handle sensitive information

_Contact_:
All qualified applicants please apply on-line at careers.stlouisfed.org/openings.cfm, for Req 230930.

The Federal Reserve Bank of St. Louis is an Equal Opportunity Employer.


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