Fraud Prevention Analyst I

First Citizens Bank • Cincinnati, OH

5d

About The Position

This position analyzes transactions in multiple payment channels to detect suspicious or high-risk activity. Identifies risks through investigation and analysis. Communicates directly with clients, associates, and peer bank contacts in tracking, researching, and resolving issues. Determines the appropriate course of action to mitigate risks and stop further loss, protecting compromised accounts to prevent any subsequent fraudulent transactions.

Requirements

• Bachelor's Degree and 2 years of experience in Branch Operations, Bank Fraud Prevention, or a Teller position OR High School Diploma or GED and 6 years of experience in Branch Operations, Bank Fraud Prevention, or a Teller position
• Knowledge of various payment channels
• Familiarity with Bank policies, procedures, and practices including related industry and regulatory issues
• Knowledge of Bank systems and applications
• Ability to quickly grasp new vendor software
• Internet research skills

Nice To Haves

• Current contractor/contingent worker for First Citizens Bank

Responsibilities

• Analysis - Compiles and analyzes transactions for multiple payment channels. Reviews transactions to identify high risk situations, fraudulent activity, and internal control breakdowns. Effectively communicates analysis output.
• Fraud Prevention - Investigates potential fraud, risk, or internal control breakdowns identified by transaction analysis. Determines the appropriate course of action to stop further loss. Ensures compliance with Bank regulations throughout loss prevention activities.
• Business Support - Serves as a point of contact for associates or clients to discuss and resolve fraudulent activity. Protects compromised accounts in order to prevent subsequent fraudulent transactions. Communicates effectively with associates, clients, operations, and peer bank contacts on fraud prevention activity and techniques.
• Reporting - Tracks metrics based on analysis and case information for reporting purposes. Conveys emerging trends.

Benefits

• Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees