Fraud Investigator

German American Bank•Whitehall, OH

60d

About The Position

German American Bank is seeking a Fraud Investigator to join its Fraud Investigation Team. The role leads investigations into suspected fraud, analyzes transaction activity and digital banking data, and coordinates with internal teams, financial institutions, and law enforcement when necessary. The investigator supports regulatory reporting, identifies fraud trends, and helps strengthen the bank’s fraud prevention strategy, including by mentoring other team members. The position involves investigating cases escalated by fraud monitoring teams; reviewing suspicious transactions, account activity, and payment patterns; contacting customers, receiving banks, and internal partners to gather information; and documenting findings in the bank’s fraud systems. Some investigations may require coordination with law enforcement or other agencies to support investigations or recovery efforts. The investigator also prepares documentation for regulatory reporting, including Suspicious Activity Reports, and works with the BSA team when filings are required. Additional duties include assisting with training newer team members and supporting improvements to fraud prevention processes.

Requirements

Bachelor’s degree in finance, criminal justice, cybersecurity, or a related field.
Experience in banking, fraud investigations, financial crimes, or risk management.
Strong analytical and investigative skills, including the ability to evaluate complex transactions and account activity.
Knowledge of fraud schemes, payment channels, and fraud prevention practices.
Strong written and verbal communication skills, including the ability to document investigative findings.
Ability to collaborate with internal teams, external financial institutions, and law enforcement partners.
High attention to detail and ability to manage multiple active investigations.

Nice To Haves

Certified Fraud Examiner (CFE).
Certified Financial Crimes Specialist (CFCS).
Certified Anti-Money Laundering Specialist (CAMS).
Accredited ACH Professional (AAP) or similar payments certification.

Responsibilities

Lead investigations into suspected fraud and cases escalated by fraud monitoring teams.
Analyze transaction activity, digital banking data, account activity, and payment patterns to determine how fraud occurred.
Contact customers, receiving banks, and internal partners to gather information.
Document investigative findings in the bank’s fraud systems.
Coordinate with law enforcement or other agencies when needed to support investigations or recovery efforts.
Prepare documentation for regulatory reporting, including Suspicious Activity Reports.
Work with the BSA team when regulatory filings are required.
Assist with training newer team members.
Identify fraud trends and support improvements to fraud prevention processes.

Benefits

Medical, dental, vision, short-term disability, long-term disability, and life insurance.
17 days of paid time off.
11 paid holidays and bereavement leave.
Educational assistance program.
Wellness benefits.
Life event coverage.
Paid parental bonding leave.
Service awards.
Financial benefits including a 401(k) match and stock purchase plan.
National and local discounts on computers, vacations, phones, retail shopping, and other items.
Logo wear discounts.
Free checking account, checks, and discounted bank services.