Fraud Prevention & Investigation Analyst

Metropolitan Bank Holding • New York City, NY

364d • $90,000 - $100,000

About The Position

This position requires a highly motivated, experienced individual to support the banks Fraud prevention program. As part of the Financial Crime Compliance team, this position is responsible for analyzing and reviewing a broad range of financial data, including transactions, transfers, and payments to uncover potentially fraudulent activity. Conduct internal and external fraud referral investigations including but not limited to identity theft, unauthorized financial transaction(s), Elder Financial Exploitation, and account takeover. The position requires familiarity with data analysis techniques, software, and processes, and should possess the creative problem-solving abilities necessary to suggest new methods of analysis and prevention. Position requires a bachelor's degree in criminal justice, computer science, or a relevant field, exceptional attention to detail, and strong written and verbal communication skills. A fraud analyst plays a crucial role in protecting the bank and its customers from financial crimes. This position reports into the Head of Fraud Prevention and Investigation.

Requirements

• Bachelor's degree in criminal justice, computer science, or a relevant field
• Diverse and in-depth understanding of financial fraud, bank regulations, and best practices
• Understanding of BSA/AML and OFAC rules
• Knowledge of trends/typologies in money laundering and fraud schemes
• Excellent investigative, analytical, and problem resolution skills with the ability to understand and draw conclusions from research conducted
• Strong time management and organizational skills to prioritize and complete deliverables in a timely and effective manner
• Ability to work independently and as part of a team
• Strong communication and collaboration skills, including the ability to work effectively with others at all levels across the Bank and Partners
• Proficiency in MS Office; Word, Excel, PowerPoint

Responsibilities

• Review Fraud alerts for suspected transactional activity
• Research suspected activity by using the Bank's various applications and third-party software. Analyze data and decide whether activity is normal or suspicious
• Interface with law enforcement agencies as well as other financial institutions regarding fraudulent cases
• Conduct interviews with customers and employees regarding suspected transactional activity
• Conduct fair, objective, thorough and timely investigations; document recommendations for suspicious activity report (SARs) and participate in overall case resolution process
• Identify fraud patterns and communication observations to team as well as management
• Keep abreast of changes in the laws, regulations, and fraud trends by attending various training sessions, including but not limited to seminars and webinars
• Perform various special projects and administrative duties as directed by manager
• Create and present fraud educations and training material for both internal bank employees
• Prepare fraud reports for management - trends, historical fraud data, key risk indicators, etc.
• Assist in developing strategies to detect, prevent and deter fraud

Benefits

• Equal employment opportunities
• Prohibits discrimination and harassment of any type

What This Job Offers

• Job Type: Full-time
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 101-250 employees