Fraud Investigations Analyst

Centier Bank•Merrillville, IN

1d•$19•Onsite

About The Position

The primary purpose of this job is to detect and mitigate fraud activity using various technologies to prevent fraud losses and recover funds when possible. The Fraud Investigations Analyst will work with other business units and make recommendations to prevent fraud losses when gaps are identified. In addition, this position will also be responsible for properly documenting and reporting fraud trends, potential losses and actual losses.

Requirements

Display strong analytical and critical thinking skills
Ability to handle large volumes of work without sacrificing quality.
Ability to make decisions and think out of the box when faced with obstacles.
Perform duties with attention to detail; high level of accuracy.
Experience analyzing multiple streams of data to draw conclusion and/or take actions
Strong time management skills during busy and slower periods throughout the day.
Strong communication skills to include the ability to have tough conversations when needed.
Proficiency with MS Office required (advanced levels of Excel preferred)
Strong Windows based PC skills required
Excellent oral and written communication skills, problem solving, and decision-making skills
High School Diploma; Bachelor's or Associate’s degree (will consider the equivalent in experience in lieu of degree)
2+ years of experience in financial services
Working knowledge of current bank fraud investigative techniques and/or systems

Nice To Haves

Verafin experience is preferred

Responsibilities

Research and respond to alerts and reports received from multiple sources including fraud detection software, to detect and evaluate suspicious and fraudulent transactions.
Create and update cases within the case management system, maintain thorough and accurate case notes.
Escalate cases to the Fraud Investigators and FIU Leadership as appropriate.
Work with the Associates and Managers on incidents and/or allegations involving any new or existing accounts set up in the bank.
Research information and leads received via email, phone or other referrals from business units, other financial institutions, law enforcement, and clients in furtherance of fraud identification and the recovery of losses.
Ensure proper action is taken to limit potential fraud losses when suspicious or fraudulent activity is identified.
Apply and document restitutions received from various channels
Place appropriate holds on accounts identified as having potentially fraudulent issues; establish when to close accounts for fraudulent or inappropriate activity.
Practice good judgement and sound reasoning when working directly with others, both internally and externally, regarding potentially fraudulent activities.
Effectively gather information and evidence from multiple sources, including system data, transaction records, online sources, interviews, and other channels.
Conduct research to obtain information through available means including internal and external databases, and online resources.
Provide well-documented results of research and examination of data to Management.
Represent the department professionally in talking to internal and external customers.
Contribute to the planning, research, design, development and implementation of process enhancements to improve work performance efficiencies.
Maintain procedure manuals for the position.
Plan and coordinate activities and workload to ensure timely and accurate completion of tasks within established timelines.
Have knowledge of applicable laws, regulations, policies and procedures applicable and ensure business and operational activities are consistent and compliant with all requirements.
Maintain up-to-date with current fraud trends in the financial services industry.