Fraud Analyst I

First Internet Bank•Fishers, IN

8d•Onsite

About The Position

The Fraud Analyst I proactively monitors new and existing customer account relationships to prevent or minimize financial, reputational, and financial-crime risks to the Bank. The role reviews alerts in the Bank’s BSA/AML/Fraud and Sanctions monitoring systems to identify potentially suspicious or fraudulent activity and supports the Bank Secrecy Act (BSA) area with anti-money laundering (AML) and OFAC compliance. The position requires a minimum of two years of front-line or operational banking experience, or two years in a fraud-related role in another industry, such as financial-crimes investigative work. A high school education is required. The role is based in a professional office setting and is primarily sedentary, involving extended periods working at a computer, with movement throughout the office and buildings as needed. The Bank states that essential functions must be performed with or without reasonable accommodation.

Requirements

A minimum of two years of front-line or operational banking experience, or two years in a fraud-related role in another industry, is required.
High school education is required.
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 transactions.
Microsoft Office experience is required.

Responsibilities

Review and research new customer account applications referred by internal Bank departments to identify 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 (EDD) on designated customer account relationships.
Review reports to identify fraudulent or suspicious activity, including daily and monthly large cash reports, daily return deposit items reports, and daily ACH account verification transactions.
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, dental, and 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.
Continuous education opportunities for development.
Annual First Internet Bank-branded merchandise allowance.
Onsite fitness center.
Free snacks and soft drinks, and beer on tap.
Regular team events.