Analyst, Fraud Investigation

CIBC•Chicago, IL

1d•$60,000 - $75,000•Hybrid

About The Position

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients. At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute. To learn more about CIBC, please visit CIBC.com Responsibilities The Fraud Analyst will report to the Fraud Operations Manager of the Fraud Management US Region. This role is focused on identifying check fraud and kiting behavior. The Fraud Analyst is responsible for completing moderate to complex research and analysis of account activity to assess levels of risk and fraud type, making a fraud determination. The Fraud Analyst will take appropriate action to resolve fraud related inquiries in a multi-faceted, fast paced and dynamic environment, while ensuring the security of the customer’s accounts and the banks risk tolerance.

Requirements

Demonstrates a strong understanding of fraudulent behaviors and effectively identifies suspicious activities.
Experienced with industry-standard fraud detection tools and software applications.
Proficient in recognizing key indicators and warning signs associated with check fraud.
Extensive experience in detecting check fraud and uncovering kiting schemes.
Demonstrates a strong sense of urgency and is able to work in a fast-paced, ever-changing environment with a strong focus on risk mitigation and client experience.
Has strong analytical and organizational skills and demonstrates the ability to solve complex problems by reviewing related information.
Remains positive and focused during times of pressure or adversity
Make timely, fact-based decisions and can act decisively when required
Excellent time management and prioritization skills
Detailed understanding of Fraud operations
Experience working in a team environment
Self-motivated and goal-oriented
Excellent verbal and written communication skills
Highly adaptable during periods of change
Ability to learn and adapt to new information and technology platforms
College Degree or equivalent experience.
2-4 years experience transaction and fraud monitoring
Understanding of risk management
Ability to make independent decisions upon review of facts and circumstances
Strong oral and written communication skills, and acute attention to detail
You need to be legally eligible to work at the location(s) specified and, where applicable, must have a valid work or study permit.

Nice To Haves

Advanced Excel and Power Point Skills
Experience in system based check fraud detection
Certified Fraud Examiner or similar certifications a plus

Responsibilities

The Fraud Analyst will report to the Fraud Operations Manager of the Fraud Management US Region.
This role is focused on identifying check fraud and kiting behavior.
The Fraud Analyst is responsible for completing moderate to complex research and analysis of account activity to assess levels of risk and fraud type, making a fraud determination.
The Fraud Analyst will take appropriate action to resolve fraud related inquiries in a multi-faceted, fast paced and dynamic environment, while ensuring the security of the customer’s accounts and the banks risk tolerance.
Monitor alert-based systems for potential fraudulent activity
Collaborate with various Operations functions to ensure all escalated fraud incidents where a filing obligation may exist have been properly escalated
Assist in identifying and reporting suspicious activity trends to the Lines of Business in order to mitigate future Bank or client losses
Will follow established processes and guidelines in daily activities to do what is right for clients and the bank, adhering to all applicable laws and regulations.

Benefits

At CIBC, we offer a competitive total rewards package.
This role has an expected salary range of $60,000.00 - $75,000.00 for the Chicago market based on experience, qualifications, and location of the position.
The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component.
CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members.
At CIBC, your goals are a priority.
We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential.
We aspire to give you a career, rather than just a paycheck.
We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.