Fraud Risk Analyst II

Coastal Community Bank•Madison, MS

2d•$73,490 - $85,740

About The Position

The Fraud Risk Analyst II supports Coastal’s Banking-as-a-Service (BaaS) program by overseeing FinTech partners, with an emphasis on fraud analysis reviews. The role tracks and reviews fraud events, identifies risks and policy gaps, communicates with partners and internal teams, and provides summaries and recommendations to management. It also supports AI and automation initiatives and maintains accurate, audit-ready records in the GRC system. The analyst is expected to stay current on fraud trends, provide partners with guidance and best practices, and maintain knowledge of applicable banking, fraud, and compliance regulations. The position requires availability during standard Pacific Time business hours (8 AM–6 PM PT), with flexibility, regardless of location. The posted salary range is $73,490–$85,740; Coastal states it will not hire above $80,470.

Requirements

Knowledge and understanding of FinTech, with a strong fraud analysis and technical background.
Knowledge and understanding of GRC platforms.
Demonstrated ability to work in a team environment.
Ability to resolve problems with minimal guidance and make general decisions for daily processing.
Ability to work effectively with other departments in a fast-paced environment with minimal supervision.
Ability to analyze data and trends to identify process improvements and operational efficiencies.
Excellent written and verbal communication skills.
Ability to manage multiple tasks, projects, and deadlines simultaneously.
Strong attention to detail and accuracy.
Cooperative and professional attitude.
Ability to present information effectively and respond to questions from management, affected departments, and BaaS partners.
Bachelor’s degree or equivalent related experience.
Must be available to work standard Pacific Time business hours, 8 AM–6 PM PT, with flexibility, regardless of location.

Nice To Haves

2–4 years of bank fraud and risk experience preferred.

Responsibilities

Facilitate and communicate requests for information from FinTech partners and internal departments.
Track and follow up on incoming fraud reports, fraud events, and related communications.
Track fraud reviews and their general status, and provide updates to management.
Perform daily monitoring reviews and escalate concerns to a Lead or Manager.
Review partner policies and procedures to identify gaps throughout the customer life cycle.
Complete low- and medium-risk fraud reviews on events identified internally and externally for BaaS partners.
Prepare and present fraud summaries, analyses, and recommendations to management.
Stay current with emerging fraud trends.
Provide guidance and best practices to BaaS partners.
Maintain fraud procedural manuals, job aids, and tools.
Support AI and automation initiatives by documenting requirements, conducting research, assisting with implementation, and monitoring outputs for issues, exceptions, and process-improvement opportunities.
Maintain accurate, complete, audit-ready records in the GRC system.
Maintain proficient knowledge of applicable rules and regulations, including BSA, the USA Patriot Act, OFAC, Regulation E, Truth in Savings Act, UDAAP, Truth in Lending, and the Equal Credit Opportunity Act.
Follow and comply with regulatory and compliance requirements.
Make recommendations to the BaaS Fraud Risk Manager when appropriate.
Perform other duties as assigned.

Benefits

Three medical plan options.
Health Savings Account with eligible medical plans, including employer contributions.
Healthcare and dependent care Flexible Spending Accounts.
Dental insurance.
Vision insurance.
Company-paid basic life insurance, with options to purchase additional coverage.
Long-term and short-term disability coverage.
Supplemental Hospital Indemnity, Accident Insurance, and Critical Illness coverage.
401(k) retirement plan with company matching.
Paid vacation and sick leave.
11 paid holidays.