Senior Risk Analyst – Fraud Strategy and Reporting

The Washington Trust Company is seeking an experienced Senior Risk Analyst to support our fraud strategy and reporting process. This position will own the configuration, testing, and validation of multiple fraudprevention systems and produce quarterly enterprise risk reports for executive audiences and governance bodies (ERWG, ERMC, Audit Committee). The role also leads the monthly production of a metrics dashboard covering multiple risk typologies and business lines.

This is a hybrid position with periodic on-site work in our office in Westerly, RI.

Key Responsibilities

• Fraud alert queue management: configure thresholds, rules, and workflows; monitor performance; coordinate changes with system owners and operations teams.
• Testing & validation: design test plans, execute UAT/regression tests, and document outcomes; implement controls for change management and production promotion.
• Performance analytics: develop and maintain KRIs/KPIs (e.g., alert precision/recall, detection lift, falsepositive rates, case aging, loss avoidance).
• Quarterly executive risk reporting: synthesize risk typologies and trends across business lines; draft ERWG/ERMC/Audit Committee materials with clear narrative and visuals. Produce minutes for quarterly Risk Committee meetings.
• Monthly risk dashboard: build and refresh a metrics dashboard with automated data pipelines, QA checks, and version control.
• Model & rule monitoring: track drift, stability, and backtesting results; recommend tuning; log changes and rationales; coordinate with 1st/2nd/3rd lines of defense.
• Stakeholder communication: prepare concise written summaries to present findings and recommendations to executives and crossfunctional teams.
• Documentation & audit readiness: maintain procedures, test evidence, control mappings, and change logs suitable for internal/external review.

Required Qualifications

• Data tooling: Comfortable working with large amounts of data and relevant tools to automate repetitive tasks, and create clear visual dashboards for executives (e.g. SQL; scripting in Python or R for analysis/ETL; Power BI/Tableau for visualization).
• Statistical proficiency (hypothesis testing, confidence intervals, ROC/AUC, sensitivity/specificity, sampling, backtesting).
• Testing & validation: handson UAT/regression design, defect triage, and release signoff.
• Advanced Excel: Power Query, PivotTables, complex formulas (e.g., XLOOKUP/INDEXMATCH), charts; ability to build automated reporting templates.
• Communication: excellent oral and written skills; experience presenting to executives/committees. Writing sample will be requested.
• Risk reporting: experience building dashboards/reports for senior leadership and governance forums.
• Model risk management familiarity (concept drift, stability testing, challenger/benchmarking; documentation aligned with industry guidance).
• Financial services experience 5+ years in enterprise risk or fraud strategy.
• Bachelor’s and advanced educational degree.

Preferred Skills

• Fraud systems exposure (e.g., Verafin, Biocatch, Zelle, card/Falcon) and bank core systems; queue strategy tuning and alert dispositioning.

• Microsoft Suite, SharePoint, Forms, Power Automate, Co-pilot

Compensation: A goodfaith, reasonable estimate of the base salary range for this role is $90,000 to $115,000 per year and the actual offer will depend on factors such as experience, skills, training, certifications, and education.

This base salary reflects one component of our competitive compensation package. This position may be eligible for an annual bonus and includes a comprehensive benefits package.

Our employees enjoy a comprehensive benefits package, which includes health and welfare benefits, paid time-off, work-life program, and a 401(k) plan. We believe employees who are valued, recognized, rewarded and empowered, will achieve personal and professional growth. Apply today and find out why we have been voted one of the Best Places to Work in Rhode Island since 2011!
The Washington Trust Company, and each of its subsidiaries and affiliates are committed to providing equal employment opportunities to all employees and applicants as protected by state and/or federal law.