DescriptionOver a 10 week session, the First Data Risk Internship position will get an overview of risk mitigation techniques and help with the identifying and responding to fraud for check and ACH transactions. The intern will be exposed to statistical modeling, advanced segmentation, and get the chance to work with large datasets. They will also use a variety of software packages, including Microsoft Excel and Access and some SQL/SAS.
This is an excellent opportunity to learn the basics of risk management and get real-world experience with data-mining and analytical problem solving.
Job Specific Responsibilities
The intern will be part of a team that manages the risk of millions of check and ACH transactions at retail locations per month. The intern will help identify potential risks, respond to existing fraud, and come up with new ways to evaluate transactions to further mitigate risk. The role will require reviewing reports daily to detect new fraud patterns and include real-time fraud monitoring as well. The intern will also help with the creation of new rules and models to reduce risk and improve accuracy of decisions. The role may also include generating reports, researching issues and working with our product team to evaluate risk on new and emerging products.
Candidate must have strong analytical abilities and advanced problem solving skills. Some experience with Excel required. Strong communication and organization skills are necessary. Must be seeking a 4-year degree. Background in finance, economics, math, or statistics preferred. 1+ year of professional experience preferred.
Business Segment Overview
First Data is a leading provider of payment solutions for financial institutions and merchants around the world. With over 42 Billion merchant transactions annually and nearly 750 Million credit/debit cards on file, First Data powers the payments value chain in over 80 countries across the globe. We are proud of our extensive customer relationships supporting over 7,000 financial institutions and the largest merchant distribution network in the industry with over 1,200 partners servicing merchants large and small.
Our 25,000 employees are industry experts helping businesses simplify payment processing and improve the customer experience with our broad portfolio of solutions, including: Credit and Debit card issuing and acquiring, STAR® PIN-Debit Network, Point of Sale Terminals and deployment services via our subsidiary, TASQ Technology, Gift Card and Loyalty Solutions, TeleCheck® Electronic Check Acceptance Services, MoneyNetwork® Payroll Distribution, eCommerce and online banking solutions, world-class security services like our new TransArmorsm STAR® CertiflashSM Solutions, and more.
First Data. Beyond the Transaction.