Fraud Analyst I
About The Position
The Fraud Analyst I analyzes fraud prevention data, identifies potentially fraudulent situations, and proceeds with the appropriate action to protect the Bank from a financial loss. Assists in performing diverse and detailed analysis of customer data and reviews to ensure integrity of that information and analyzes data from a variety of sources to monitor BSA regulated information and fraud-related instances. The Fraud Analyst I evaluates the adequacy, effectiveness, and efficiency of the Bank's processes for compliance with regulatory BSA requirements, industry standards, and Bank guidelines. The Fraud Analyst I will be part of the Financial Crimes Department of the Risk Management Division where the primary focus is on helping management protect the Bank against undue risk exposure.
Requirements
- H.S. Diploma or GED and minimum 3 years banking preferred or equivalent combination of education and experience.
Responsibilities
- Serve as the first line of defense in identifying suspicious and/or potentially fraudulent activity as a result of alerts generated by the Bank's automated BSA/AML and fraud monitoring software.
- Conduct customer and account level research on a wide variety of data in an effort to identify suspicious and/or illegal activity, including potential fraud, maintain documentation supporting the results of such research, and report findings and/or make recommendations to department leadership based on that research.
- Produce clear and complete written reports in accordance with established deadlines, work with software applications and other research tools, and perform research and analysis on a daily basis.
- Utilize a variety of analytical techniques and computer systems to make informed decisions concerning customer account status.
- Communicate effectively with branch staff to obtain information needed for supporting documentation, reports, and risk mitigation.
- Evaluate information and sources for accuracy, reliability, and relevance in assessing existing and potential customers for BSA/AML and fraud risk.
- Coordinate work with other team members performing similar activities.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
