Fraud Investigator I

First Interstate Bank • Billings, MT

414d

About The Position

The Fraud Intake Specialist position at First Interstate Bank involves analyzing client activity for potential fraud and suspicious activity. The role requires a strong understanding of banking systems, policies, and regulations, particularly BSA/AML requirements. The specialist will provide guidance during fraud incidents, file Suspicious Activity Reports (SARs), and collaborate with various internal departments to investigate complex financial crimes.

Requirements

• Bachelor's Degree from a four-year college or university or 1-3 years related experience in financial fraud or banking.
• Strong self-motivation and organizational skills.
• Ability to meet tight deadlines in an operational/compliance driven environment.
• Proficiency in Microsoft Excel, Access, Word, and database applications.
• Solid understanding of digital banking platforms and associated risks.
• Strong analytical abilities and problem-solving skills.
• Ability to differentiate between victim and suspect in fraud cases.
• Detail-oriented with strong focus and accuracy.

Nice To Haves

• Experience in financial fraud investigations.
• Knowledge of common fraud schemes targeting clients and employees.
• Ability to communicate effectively with groups of customers or employees.

Responsibilities

• Analyze client activity for potential fraud and suspicious activity.
• Provide guidance when fraud occurs and file Suspicious Activity Reports (SARs).
• Work with alerts assigned daily within Verafin and create cases from alerting activity.
• Conduct additional due diligence reviews to identify fraudulent and suspicious activity.
• Investigate high-level financial crimes related to fraud, money laundering, and other illicit activities.
• Understand and comply with regulatory requirements for SAR filing and escalate cases as needed.
• Collaborate with internal departments to gather necessary information for analysis.

Benefits

• Generous Paid Time Off (PTO) in addition to paid federal holidays.
• Child Care Assistance Program for eligible dependents.
• Exercise reimbursement program for employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree