Financial Crimes Analyst

Orion Financial•Memphis, TN

About The Position

This position plays a critical role in protecting the organization and its members from fraud and other financial crimes. This position involves monitoring, investigating, and resolving various financial crimes activities, while ensuring compliance with regulatory requirements. The role requires attention to detail, strong analytical skills, and effective collaboration across business units.

Requirements

Education/Certification: Associate’s or Bachelor’s degree preferred. High School diploma or GED required.
Experience Required: Basic understanding of common fraud and financial crime types, including check and card identity theft, and money laundering.
Familiarity with transaction monitoring tools, case management systems, and transaction error processing platforms.
Working knowledge of BSA/AML compliance requirements and regulatory frameworks (e.g. Regulation E) and card network rules (e.g. Mastercard) a plus.
Skills/Abilities: Proficient in reviewing transaction data and identifying anomalies.
Detail-oriented, methodical, and dependable.
Strong analytical skills
Strong communication skills.
Ability to document findings clearly.
Follows defined processes with minimal deviation.
Eagerness to learn fraud patterns and prevention tactics.

Nice To Haves

Working knowledge of BSA/AML compliance requirements and regulatory frameworks (e.g. Regulation E) and card network rules (e.g. Mastercard) a plus.

Responsibilities

Monitor transaction alerts and claims from claim initiation for indications of fraud, money laundering, and other financial crimes.
Investigate alleged transaction errors for possible fraud using internal tools and systems, assess liability, and determine appropriate case outcomes.
Organize and maintain comprehensive investigation dispute case files and documentation in compliance with internal policies and external regulations (e.g. FinCEN Regulation E, and Mastercard rules).
Identify red flags and suspicious activities for subsequent investigation.
Support fraud prevention initiatives by collaborating on investigations and case management with business units across the organization.
Assist in the preparation and support of compliance filings, such as Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs).
Monitor claims and alerts daily, ensuring timely processing and resolution of transaction errors and alerts.
Stay up-to date on relevant regulations, industry rules, and financial crime trends to enhance detection and prevention strategies.
Respond to internal and external inquiries related to transaction errors and financial crime fraud investigations, providing clear and accurate information.
Other related duties as assigned by management.