Fraud Prevention Analyst

BRAZOS VALLEY SCHOOLS CREDIT UNION•Katy, TX

3d•Onsite

About The Position

The Fraud Prevention Analyst monitors and analyzes financial transactions for potentially fraudulent activity, using industry standards and regulatory guidance to protect members and the credit union from reputational risk and losses. The role supports fraud-related policies and procedures, investigates suspicious activity across consumer and DBA accounts and banking channels, documents findings, and assists with recovery from fraudulent or improper activity. The analyst also supports compliance work, including Suspicious Activity Report research and submissions with Compliance Officer approval, and helps keep management informed through reporting and committee support. The position is based at the Katy Administration Office in Katy, Texas, and requires on-site work at a designated location. The employee may be assigned to work at any location and must be able to work regular full-time hours. The role requires maintaining confidentiality, current knowledge of relevant fraud and regulatory requirements, ongoing training, and support of the credit union’s mission, policies, and member service standards.

Requirements

High school education or GED required.
Minimum of three years of similar or related financial institution experience preferred.
Proven experience in fraud prevention, risk management, or a related field preferred.
Ability to research and analyze data for equitable resolutions.
Ability to manage projects through completion.
Problem-solving and critical-thinking skills.
Ability to communicate with courtesy, tact, and diplomacy and model exemplary member service.
Proficiency in Microsoft Office software applications.
Maintain confidentiality.
Become CUNA Credit Union Compliance Expert Certified within 12 months of obtaining the position.
Ability to work regular full-time hours and on-site at the designated location.
Ability to sit and/or stand for extended periods (6 to 7 hours per day), view a computer screen, use a keyboard, manipulate a mouse, perform repetitive hand/wrist motions, operate office machinery, and lift up to 25 pounds.
Must be bondable.

Nice To Haves

Two-year college degree preferred.
Minimum of three years of similar or related financial institution experience preferred.
Proven experience in fraud prevention, risk management, or a related field preferred.

Responsibilities

Assist in developing and implementing policies, procedures, disclosures, notices, and forms in response to legislative and regulatory changes related to fraud prevention.
Help employees research potential and actual fraud incidents and share best practices and risk alerts.
Identify control deficiencies, duplication of effort, or missing controls and provide alternative solutions.
Review and monitor consumer and DBA accounts for unusual or suspicious activity.
Work with and monitor suspicious items across complex fraud detection tools and systems.
Use reporting mechanisms to monitor and analyze member transaction data and identify suspicious patterns across banking channels and member interfaces.
Conduct time-sensitive investigations of alerted and referred transactions and individuals, using internal and external resources, including law enforcement.
Counsel members and/or staff on identity theft and protective measures, and coordinate or assist with recovery of losses from fraudulent, illegal, or improper activities.
Interact with members and/or staff to identify fraud or scam components and provide information about available member resources.
Assist the BSA Officer with Suspicious Activity Report research.
Create, investigate, and submit SARs to FinCEN with Compliance Officer approval.
Maintain current knowledge of the Red Flag Rules, FACT Act, implementing rules to the Fair Credit Reporting Act, Bank Secrecy Act, and related anti-money-laundering and OFAC regulations.
Research and evaluate fraud cases and accurately document analysis and findings.
Document suspected and actual fraud situations for auditing, training, and reporting purposes.
Assist with preparing monthly reports on fraud-related activities for management.
Pursue specialized fraud-prevention training and maintain current job knowledge of credit union policies, procedures, and services.
Attend and participate in in-house training.
Assist the Compliance Officer in planning agendas for Quarterly Compliance Committee Meetings.
Comply with federal regulations and credit union policies and procedures, including Bank Secrecy and the USA Patriot Act, and comply with fair lending laws and the credit union’s lending policy.
Actively support the credit union’s mission, vision, and core values to deliver excellent service.
Perform other job-related duties as assigned, including assisting colleagues and working at any location as operational needs require.

Benefits

Annual paid time off.
Quarterly performance review.
Annual compensation review.
Medical, dental, and vision coverage, including PPO plans.
Employee Assistance Program (EAP).
401(k) with a 100% employer match on contributions up to 6% of base income.
Employer-paid short-term disability, long-term disability, life insurance, and accidental death and dismemberment insurance.
Voluntary additional life insurance for employees and dependents, hospitalization insurance, critical illness insurance, pre-paid legal services, and identity protection.
Ongoing leadership training and development.
Career path and succession planning.
Community volunteer opportunities.
Employee scholarships.
AAA discount.
Discount tickets to events and travel.