Fraud Analyst I

FIRST INTERNET BANK•Fishers, IN

9d•Onsite

About The Position

The Fraud Analyst I proactively monitors new and existing customer account relationships to prevent or minimize financial, reputational, and financial-crimes risk to the Bank. The analyst reviews alerts in the Bank’s BSA/AML/Fraud and Sanctions monitoring software to identify potentially suspicious or fraudulent activity and supports the Bank Secrecy Act area with anti-money laundering and OFAC compliance. The role also reviews customer account applications and account activity, researches and documents alerts, and escalates or closes them within documented time frames. It ensures customer account reviews comply with CIP, CDD, and Beneficial Ownership regulations and performs enhanced due diligence on designated customer relationships. The analyst may assist other Bank departments with fraud-related issues and perform other duties as assigned. The position is based at First Internet Bank of Indiana’s Fishers, Indiana location in a professional office setting. It is primarily sedentary and involves extended periods working at a computer, with movement throughout the office and buildings as needed.

Requirements

At least two years of front-line or operational banking experience, or two years in a fraud-related role in another industry, such as investigative experience in financial crimes.
High school education.
Ability to clearly articulate and explain findings verbally and in writing.
Working knowledge of basic financial transactions and terminology, such as ACH transfers and wires, and ability to differentiate between these transactions.
Microsoft Office experience.

Responsibilities

Review and research new customer account applications referred by internal Bank departments to identify potentially fraudulent applications.
Research, document, and close or escalate assigned alerts in the Bank’s BSA/AML/Fraud and Sanctions compliance monitoring software within documented time frames.
Review customer accounts for compliance with CIP, CDD, and Beneficial Ownership regulations.
Perform enhanced due diligence on designated customer account relationships.
Review reports to identify fraudulent or suspicious activity, including daily and monthly large cash reports, daily return deposit item reports, and daily ACH account verification transaction reports.
Assist in reviewing new accounts for compliance with CIP, CDD, and Beneficial Ownership regulations.
Act as a resource for fraud-related issues with other Bank departments.
Perform other duties as assigned.

Benefits

Medical insurance for full-time employees, with eligibility beginning on the first day of employment.
Dental insurance for full-time employees, with eligibility beginning on the first day of employment.
Vision insurance for full-time employees, with eligibility beginning on the first day of employment.
401(k) retirement plan with a generous match for full-time and part-time employees, with eligibility beginning on the first day of employment.
Professional development reimbursement.
At least three weeks of paid vacation annually for new employees, adjusted based on start date.
Eleven paid holidays.
Paid volunteer time and unlimited volunteer time off.
Annual First Internet Bank-branded merchandise allowance.
Onsite fitness center.
Free snacks and soft drinks, and beer on tap.
Continuous education opportunities for development.
Regular team events.