Fraud Analyst II

Southern First Bank•Greenville, SC

9d•Onsite

About The Position

Individual will be responsible for assisting with the day-to-day monitoring and compliance with Fraud Alert and Investigations as an intermediate analyst. The Fraud Analyst II may also be asked to assist with determining risk associated with potential new entities, reviewing outstanding Red Flags alerts, assisting with data integrity reports, participating as a technical resource for compliance exams and audits, and assisting with document collection for investigations and subpoenas.

Requirements

High School diploma or equivalent, required.
3+ years of AML or Fraud experience.
Some prior experience in AML or Fraud required.
Strong computer skills, proficient in Excel and knowledgeable in Word.

Nice To Haves

4-year degree preferred, but not required.
Ability to adjust to change and willingness to be a team player.
Ability to effectively communicate with the professionalism that is identified with Southern First Bank.
Good interpersonal skills which represent the Bank in a positive manner in dealing with clients and other team members.
Willingness to provide ownership of the tasks assigned and provide feedback for process improvements.
Work with minimal oversight and confidence in decision making ability.

Responsibilities

Review fraud related alerts in the Verafin system to determine if potential fraud exists.
Reach out to the appropriate bankers for assistance in clearing the transaction(s) with the client and escalate those instances where fraud is suspected for potential SAR filing and remediation of the fraud.
Create and work cases on Fraud Alerts deemed potentially suspicious.
Submit high quality casework to senior analyst for SAR filing.
Review ad hoc reports for possible instances of fraud that require remediation and escalation for additional review potential SAR filing.
Review alerts generated within the Verafin or other systems related to OFAC/314a/PEP in order to clear items that are not true hits.
Assist other departments of the bank with clearing alerts generated related to OFAC/PEP.
Review incoming disputed transactions related to Zelle, Bill Pay, etc. to determine if fraud occurred and assist the client with remediation efforts.
Communicate in a clear and professional manner with individuals located within the bank as well as clients.
Provide guidance and coaching for junior analysts.
Identify possible gaps in fraud detection and mitigation strategies in place.
Assist bankers in determining risk associated with potential new entities unknown to the bank.
Review outstanding Red Flags alerts and ensure appropriate remediation.
Assist with data integrity reports to ensure data reflected in the Fraud monitoring system is accurate.
May participate as a technical resource for compliance exams and audits.
Assist with document collection for investigations and subpoenas.