Fraud Analyst (Chicago, IL)

Byline Bank. • Chicago, IL

1d • $52,000 - $64,000 • Hybrid

About The Position

The Fraud Analyst is responsible for helping all Byline Staff in order to safeguard the Bank and its customers against Fraud. Investigates fraudulent/illegal activities perpetrated by customers or employees. Help designs and implements programs to prevent such activities and to recover any incurred losses. May work with external local, state and federal authorities as well as internal teams with matters relating to fraudulent/illegal activities.

Requirements

• Bachelor’s degree preferred.
• 2+ years of banking experience with knowledge of Fraud, Loss Mitigation, and Bank Secrecy Act regulatory requirements and/or other program related compliance functions. General compliance or operational work related to Fraud elements to be considered.
• 2+ years of experience in the lending industry, preferably in fraud detection and investigation, risk management or compliance.
• Knowledge of fraud related trends, theories, and practices.
• Fraud certification(s) or willingness to pursue.
• Ability to collect and analyze complex data, evaluating information and drawing logical conclusions
• Ability to effectively communicate the applicability of fraud issues to front line personnel for execution in the day-to-day working environment
• Effective verbal and written communication skills, including active listening skills, and skills in presenting findings and recommendations
• Ability to work with confidential information
• Ability to communicate with colleagues and the BSA Officer regarding issues and findings.
• Ability to work collaboratively with a variety of stakeholders at all levels.
• Be self-motivated with a strong attention to detail.
• Have strong change management, organizational and planning capabilities.
• Proficiency in MS Office Suite.

Responsibilities

• Help reviews case management software, alerts and investigate alerts as required.
• Performs independent analysis for cases involving suspicious activity including, but not limited to, elder financial abuse, check kiting, and counterfeit checks.
• Completes and assists with Suspicious Activity Reports (SARs) and Suspicious Activity Investigation Reports (SAIRs).
• Investigates fraud or Whistleblower issues.
• Facilitates and performs periodic (90 Day) SAR follow-up reviews.
• Assists Bank staff with instances of identified Fraud.
• Help reviews and maintains Red Flag cases and Concern Reports.
• Proactively identifies instances of potential fraud and abuse.
• Maintains a solid working knowledge of current fraud trends.
• Attends Fraud training sessions and networks with industry groups.
• All other duties as assigned.

Benefits

• Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.
• In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off and much more! Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 501-1,000 employees