GRC Fraud Analyst
About The Position
First Entertainment Credit Union is seeking a GRC Fraud Analyst to join their Enterprise Risk Management (ERM) team. This role provides independent second-line oversight of enterprise fraud risk across various products, channels, technologies, and third-party relationships. The analyst will collaborate closely with departments such as Fraud Operations, Compliance, Technology, Innovation, Legal, and Business Leaders to ensure fraud risks are identified, assessed, monitored, and managed within the organization's risk appetite. The position also supports responsible innovation, data-driven risk practices, and proactive fraud risk management in line with regulatory expectations. This is a full-time opportunity reporting to the VP, ERM. Candidates must reside within Arizona, California, Colorado, Florida, Georgia, Idaho, Nevada, New Mexico, Ohio, Texas, and Washington. Those in Los Angeles county will follow a hybrid work model. The targeted salary for California residents is between $90k and $110k.
Requirements
- Bachelor’s degree in Risk Management, Finance, Business, Data Analytics, or a related field.
- 3–7 years of experience in fraud risk, ERM, GRC, compliance, audit, or financial crime.
- Strong understanding of fraud typologies, risk assessment methodologies, and internal control frameworks.
- Experience preparing risk assessments, issue management documentation, and senior management reporting.
- Proficiency in Microsoft Office Suite products.
- Effective communication skills across all audience levels.
Nice To Haves
- Experience in banking, credit unions, fintech, or other regulated financial institutions highly preferred.
- Familiarity with GRC platforms such as Archer, MetricStream, or ServiceNow GRC a plus.
- Exposure to fraud analytics, automation, AI/ML tools, or innovation programs preferred.
- Professional certifications such as CFE, CRISC, CAMS, CIA, or similar desired.
- Ability and flexibility to travel to HQ for business meetings as requested.
Responsibilities
- Provide independent ERM oversight of fraud risk across all business lines and delivery channels.
- Develop, maintain, and refresh enterprise fraud risk assessments, scenarios, and typologies.
- Map fraud risks to products, processes, technologies, and third-party relationships.
- Align fraud risk ratings with enterprise risk appetite statements, tolerances, and limits.
- Assess the design and effectiveness of fraud prevention and detection controls.
- Support and challenge first-line Fraud Operations through RCSAs, control reviews, and issue validation.
- Track fraud-related issues, action plans, and remediation through closure.
- Contribute to fraud-related policies, standards, procedures, and governance documentation.
- Leverage data analytics, dashboards, and key risk indicators (KRIs) to identify trends and emerging fraud risks.
- Support fraud risk considerations for innovation initiatives, including advanced monitoring, rule optimization, behavioral analytics, and AI/ML-enabled fraud controls.
- Conduct horizon scanning for new fraud typologies related to digital banking, payments, fintech partnerships, and evolving customer behavior.
- Partner with Technology and Innovation teams to assess fraud risk impacts of new products, platforms, and integrations.
- Prepare executive-level and board-ready fraud risk reporting.
- Monitor fraud losses, near misses, KRIs, and control effectiveness.
- Provide risk-based insights on residual risk, trends, concentrations, and forward-looking exposure.
- Support enterprise risk committees, working groups, and governance forums.
- Support regulatory exams, internal audits, and independent reviews related to fraud risk management.
- Ensure fraud risk oversight aligns with applicable laws, regulations, and supervisory guidance, including Reg E, NACHA, UCC, GLBA, BSA/AML, and NCUA/OCC expectations.
- Assist in drafting management responses and remediation plans for fraud-related findings.
- Partner with Fraud Operations, Compliance, Cybersecurity, Legal, Internal Audit, and Business Leaders.
- Support third-party and vendor fraud risk assessments.
- Serve as an ERM advisor on fraud risk for strategic initiatives and innovation programs.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
