Fraud Prevention Specialist

First Northern Bank of Wyoming • Sheridan, WY

5d

About The Position

The Bank Fraud Monitoring Specialist is responsible for detecting, investigating, and preventing fraudulent activities within banking operations. Essential duties include monitoring transactions for suspicious activity, conducting investigations on flagged transactions, preparing detailed reports, and collaborating with various departments and law enforcement. This position also assists in developing anti-fraud policies, interacts with customers to verify transactions, and analyzes trends to enhance fraud detection systems. This position is critical in maintaining the integrity of banking operations and protecting customers' assets and personal information.

Requirements

• Understanding of banking regulations and compliance requirements.
• Maintains a working knowledge of all bank policies and ensures they are reviewed, updated, and approved by the Board annually.
• Attend training on bank/job-related topics
• Organization skills
• Ability to work both independently and as part of a team
• Strong planning and problem-solving skills.
• Detail oriented
• Candidate must act professionally at all times
• Able to handle confidential information
• The ability to read and interpret legal documents, vendor contracts, policies, procedures, audit reports, examination reports, etc.
• Strong analytical skills, attention to detail, and proficiency in data analysis tools like Microsoft Excel.
• Self-motivated and persistent in following through and learning quickly
• Excellent communication skills – both verbal and written
• Independent decision-makers within authority limits
• Commitment and continuous demonstration of ethical behavior and willingness to adhere to all company policies and current financial legislation.
• Conform to the Bank’s core values, which are: Exceptional Customer Service- Everyone matters, always. Family Driven- Ours, yours, we put family first. Community-Focused- Our communities are the backbone of our business. Communication- Open, clear, and honest communication is key. Teamwork- Individuals working together to achieve a common goal.
• An associate’s degree in business administration, accounting, criminal justice, or a related field.
• A minimum of 2 years prior experience in banking or finance.

Nice To Haves

• Experience in fraud detection is preferred but not required.
• Professional certifications in fraud examinations (e.g., Certified Fraud Examiner - CFE) are preferred but not required. If you do not have a certification at the time of hire, you must obtain one within one year of the hire date.

Responsibilities

• Assist in developing and implementing anti-fraud policies and procedures to minimize risk.
• Communicate with customers to verify transactions and alert them to potential fraud, providing them with necessary information and support.
• Provide training to staff on recognizing signs of fraud and implementing preventive measures.
• Analyze data trends and patterns in fraudulent behavior to improve detection systems and processes.
• Provide backup to the BSA Officer in their absence or unavailability.
• Participate in branch marketing and community involvement events.
• Additional duties as assigned as it relates to the position.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree
• Number of Employees: 11-50 employees