Fraud Investigator

FourLeaf Career•Bethpage, NY

18h

About The Position

The Fraud Investigator safeguards FourLeaf Federal Credit Union’s assets against loss by conducting risk analysis in operational areas with monetary or legal exposure. The role handles complex, end-to-end investigations and decisions involving fraudulent applications, transactions, and member fraud claims, while contributing to departmental and strategic initiatives. Flexible work options, including remote work, are available. The investigator analyzes evidence and member data, recommends or performs recovery and loss-prevention actions, manages cases and related evidence, monitors fraud reports and tools, and supports decisions about suspicious activity reporting. The role also drafts and maintains fraud, compliance, and security policies and procedures; works with internal and external partners, law enforcement, and financial institutions; and may provide expert testimony. Additional duties include supporting fraud training, advising as a subject matter expert, assisting branches and other teams, completing ongoing professional training, and taking on fraud-related projects.

Requirements

Bachelor’s degree in Finance, Criminal Justice, or a related field.
At least 4 years of experience in investigations and fraud, loss mitigation, financial crimes, or risk management.
Understanding of banking practices, policies, regulations, and law enforcement practices.
Certified Fraud Examiner (CFE) and/or Certified Financial Crimes Investigator (CFCI) certification required.

Nice To Haves

Experience with Verafin and Fiserv DNA.

Responsibilities

Conduct complex investigations and review evidence and documentation to reduce loss exposure and increase recovery of stolen funds or assets.
Recommend and/or perform corrective actions for recovery and loss prevention based on investigation results.
Prioritize and manage cases using case-management systems, preserving case files, evidence, and relevant information.
Monitor fraud reports and tool performance to maintain agreed risk levels and a positive member experience.
Research and analyze suspicious activity to support decisions about whether a Suspicious Activity Report (SAR) is required.
Write initial and Continuing Activity SARs for submission to FinCEN.
Analyze member transaction and relationship data to develop and improve fraud-prevention strategies and stay current on fraud trends.
Draft and maintain preventative policies and procedures related to fraud, compliance, and security.
Work with internal and external business partners on projects and departmental or strategic initiatives.
Collaborate with law enforcement agencies and other financial institutions.
Provide expert testimony in legal proceedings as needed.
Assist with developing fraud and risk-management training and deliver training as needed.
Work with Risk Management to improve investigations and identify control and procedural issues.
Serve as a Fraud Subject Matter Expert when requested or required.
Provide regular support to branches, other departments, S3 representatives, and Fraud and Risk teams.
Complete ad hoc fraud-related projects or assignments.
Complete ongoing training to meet annual CFE or CFCI requirements and build knowledge of fraud trends and mitigation.