Fraud Analyst

Celtic Bank • Salt Lake City, UT

4h • Hybrid

About The Position

Celtic Bank's Compliance Team's mission is to ensure the safety and soundness of the Bank while maintaining a healthy, compliant customer base and we are looking to hire a Fraud Specialist to play a critical role in protecting Celtic Bank from financial loss and reputational risk by identifying, investigating, and preventing fraud within commercial lending transactions. This position conducts detailed reviews of borrower information, loan documentation, bank account authentication, and transactional activity to ensure legitimacy, accuracy, and compliance with bank policies, regulatory requirements, and industry best practices. Below is a list of tasks you may experience, but not limited to, within the role:
Primary Job Functions:
Review commercial loan applications, supporting documentation, and financial statements to identify indicators of fraud, misrepresentation, or unusual patterns.
Conduct enhanced due diligence (EDD) on high-risk borrowers, entities, and transactions.
Investigate suspected fraud cases, documenting findings and recommending appropriate actions.
Utilize internal and external data sources—public records, credit bureaus, fraud databases, business verification tools—to validate borrower information.
Analyze commercial lending activity for anomalies such as identity discrepancies, income/asset fabrication, shell companies, straw borrowers, and falsified collateral.
Confirm the legitimacy of commercial borrowers, validate business registration details, and detect discrepancies or “red flags.”
Assess business principals by evaluating authorized agents, beneficial owners, and associated persons for accuracy, legitimacy, and potential hidden connections.
Interpret Customer Identification Program results to determine whether inconsistencies require escalation, including indicators such as invalid SSNs, mismatched address history, or multiple name associations.
Ensure identity‑verification results support KYC/KYB compliance and identify fraud risks during the underwriting and onboarding processes.
Review documents flagged for forgery, manipulation, AI-generated, or otherwise suspicious financial documents provided during commercial loan applications.
Confirm bank account ownership, account status, and authenticity before funding commercial loans.
Confirm borrower and business entity details by validating bank accounts for status and indicators of suspicious behavior, supporting secure disbursement decisions.
Incorporate fraud risk insights into commercial loan reviews to prevent unauthorized transactions, identity theft, and account takeover attempts.

Requirements

• Experience in commercial lending, fraud detection, credit risk, underwriting, or financial investigations.
• Strong analytical skills with attention to detail and ability to spot patterns or inconsistencies.
• Working knowledge of commercial lending structures, financial statements, and loan documentation.
• Proficiency in using fraud detection tools, document verification tools, and data analysis resources.
• Excellent written and verbal communication skills for documenting findings and advising stakeholders.
• Familiarity with BSA/AML regulations, red flags, and SAR processes.

Nice To Haves

• Experience with SBA lending, equipment finance, or specialty commercial loan programs.
• Certification such as CFE, CRCM, or CAMS is a plus

Responsibilities

• Review commercial loan applications, supporting documentation, and financial statements to identify indicators of fraud, misrepresentation, or unusual patterns.
• Conduct enhanced due diligence (EDD) on high-risk borrowers, entities, and transactions.
• Investigate suspected fraud cases, documenting findings and recommending appropriate actions.
• Utilize internal and external data sources—public records, credit bureaus, fraud databases, business verification tools—to validate borrower information.
• Analyze commercial lending activity for anomalies such as identity discrepancies, income/asset fabrication, shell companies, straw borrowers, and falsified collateral.
• Confirm the legitimacy of commercial borrowers, validate business registration details, and detect discrepancies or “red flags.”
• Assess business principals by evaluating authorized agents, beneficial owners, and associated persons for accuracy, legitimacy, and potential hidden connections.
• Interpret Customer Identification Program results to determine whether inconsistencies require escalation, including indicators such as invalid SSNs, mismatched address history, or multiple name associations.
• Ensure identity‑verification results support KYC/KYB compliance and identify fraud risks during the underwriting and onboarding processes.
• Review documents flagged for forgery, manipulation, AI-generated, or otherwise suspicious financial documents provided during commercial loan applications.
• Confirm bank account ownership, account status, and authenticity before funding commercial loans.
• Confirm borrower and business entity details by validating bank accounts for status and indicators of suspicious behavior, supporting secure disbursement decisions.
• Incorporate fraud risk insights into commercial loan reviews to prevent unauthorized transactions, identity theft, and account takeover attempts.

Benefits

• Medical, dental, vision
• 401(k) with employer match
• Life and long-term disability coverage
• HSA and FSA plans
• Holidays and paid time off requests
• Robust wellness program (we’re talking catered meals three times a week, lunch and learns, and onsite gym!)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed
• Number of Employees: 251-500 employees