Fraud Analyst (Full Time) - Victoria

Prosperity Bank•Victoria, TX

17h•Onsite

About The Position

The Fraud Analyst is responsible for ensuring conformity and adherence with all applicable state and federal laws and regulations maintaining to the Bank's Fraud Program. This role involves analyzing alerts from fraud systems, identifying suspicious activity, conducting investigations, and partnering with other institutions and law enforcement agencies. The Fraud Analyst also serves as an advisor to Senior Management on fraud risk and assists the Fraud Manager in departmental operations.

Requirements

Associate degree required preferably in business related degree.
Five years banking experience along with two years related experience and/or training.
Work related experience should consist of in-depth background in fraud investigations and analysis and compliance/operational support.
Ability to make appropriate judgments and decisions with limited guidance.
Excellent planning and organizational skills, including the ability to work independently on projects of high complexity with minimal supervision.
Ability to maintain confidentiality and instill trust within the organization.
Proficient in Microsoft Word, Excel, and PowerPoint.
Ability to multitask is essential.
Reasoning Ability: Ability to apply common sense understanding to carry out detailed but uninvolved written or oral instructions. Ability to deal with problems involving a few concrete variables in standardized situations.
Mathematics Ability: Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
Language Ability: Ability to read and comprehend simple instructions, short correspondence, and memos. Ability to effectively present information in one-on-one and small group situations to customers, clients, and other associates of the organization.

Nice To Haves

Educational experience, through in-house training sessions, formal school, or financial industry related curriculum, should be applicable to the financial industry

Responsibilities

Analyze alerts received from fraud system as well as daily, weekly, and monthly reports designed to detect suspicious activity.
Identify trends, patterns, and unusual activity, and escalate activity deemed suspicious to case status for further investigation.
Conduct investigations for escalated alerts.
Conduct external investigations or complex problems or situations and provides recommendations and/or solutions.
Determine scope, timing, and direction of investigations, to include identifying case issues and evidence needed, based on analysis of evidence, complaints, or allegations of law violations.
Handle all necessary documentation and required research.
Prepare correspondence letters and requests for information from customers.
Produce narrative for BSA referrals.
Process entries via keyboard or manual tickets for losses and/or provisional credits.
Respond to inquiries or refer inquiries to the appropriate department or person and exhibiting the necessary follow through with customers and/or staff involved.
Serve as an advisor to Senior Management in the areas of fraud risk and make recommendations to mitigate risk exposure.
Partner with other Financial Institutions and Law Enforcement Agencies to exchange information and coordinate case investigation collaborations on identified organize crime rings, public corruption, financial crimes, and other violations of federal or state statutes.
Provide support and guidance to the Bank’s fraud risk management efforts and serve as an advisor to Senior Management.
Assist the Fraud Manager in ensuring department activities run smoothly and efficiently by providing leadership and training within the department.
Assist Bank personnel in resolving inquiries or issues relating to fraud matters.