Fraud Prevention Investigator I

Rockland Trust•Plymouth, MA

2d•$26 - $32

About The Position

Rockland Trust is seeking a Fraud Prevention Investigator I to join their Fraud Prevention team. This role will support the team by contributing to the execution of fraud prevention strategies, conducting focused investigations, and participating in the development of targeted fraud prevention strategies. The investigator will also support initiatives to strengthen the financial security framework, identify emerging risks, and ensure effective controls, procedures, and training programs are implemented. Experience with tools like Verafin or similar systems for reviewing alerts and supporting investigations is highly valuable. The role is crucial in protecting the Bank, its clients, and employees from financial threats while maintaining high standards of integrity and security.

Requirements

Associates or Bachelor’s in Criminal Justice, Business, Finance, or a related field or equivalent work experience is required.
Strong interpersonal and communication abilities to interact effectively with colleagues at all levels of the Bank. Ability to clearly convey investigative findings and collaborate across departments, including retail and commercial banking, compliance, and risk management.
Foundational understanding of various banking functions, including retail banking, commercial banking, trade finance, asset-based lending, and loan documentation. This knowledge will support investigations into fraud occurring across different banking sectors.
Excellent written and verbal communication skills, with the ability to present complex information and recommendations clearly. Effective at collaborating with senior management, regulatory bodies, and other stakeholders.
Exceptional attention to detail, with the ability to maintain high accuracy in performing tasks, even when facing frequent interruptions. Capable of managing multiple priorities and handling sensitive information with precision.
Strong ability to conduct thorough research using multiple internal and external resources. Able to gather data, analyze information, and synthesize findings to support fraud investigations and case resolutions.
Solid investigative and analytical techniques, with the ability to analyze complex financial data and identify intricate patterns and red flags of fraudulent activity. Ability to provide well-supported rationales and strategic recommendations based on comprehensive analysis.
A team player who works well in a collaborative environment while also demonstrating the ability to take initiative and work independently on tasks. Capable of contributing to the overall success of the fraud prevention team while handling individual responsibilities effectively.
Proficiency in MS Office applications, including Outlook, PowerPoint, Word, and Excel, with the ability to effectively use these tools for data analysis, presentation development, and professional communication.

Nice To Haves

Experience with fraud detection and case management systems such as Verafin (or similar platforms) is strongly preferred.

Responsibilities

Possess a solid understanding of and ability to interpret regulations and policies related to fraud prevention. Stay well-informed about evolving state and federal regulations, industry standards, and best practices to ensure investigations align with legal and institutional requirements.
Conduct thorough and meticulous investigations by analyzing transaction data, customer profiles, and relevant third-party information utilizing fraud detection and case management systems such as Verafin or similar platforms to review alerts and document findings. Make decisions on customer accounts, transactions, and recommend closures or further action when necessary, ensuring the integrity of the process.
Exhibit advanced investigative and analytical skills, formulating well-supported and clearly articulated rationales for decisions made during fraud investigations. Maintain strict adherence to departmental protocols while addressing complex cases.
Exercise sound judgment when managing fraud alerts and investigations, including those generated through systems such as Verafin or similar tools. Ensure full compliance with internal policies, procedures, and external regulatory standards, and escalate any issues or anomalies to management for resolution.
Serve as a knowledgeable resource by providing responsive telephone and email support to internal teams, including Rockland Trust colleagues, as well as customers, external financial institutions, and law enforcement agencies. Facilitate seamless communication during investigations.
Play an active role in executing established fraud prevention strategies and risk mitigation initiatives. Ensure precision and accuracy in case documentation and reporting to meet compliance and operational standards.
Continuously identify areas for process enhancements and actively contribute innovative ideas. Support efforts to refine and optimize policies, procedures, and investigative tools for greater efficiency.
Take on other assigned responsibilities to ensure the overall effectiveness of your role and alignment with the bank’s strategic goals. Contribute to broader initiatives as needed to bolster fraud prevention efforts.