Sr Fraud Prevention Analyst

Stanford Federal Credit Union•Palo Alto, CA

5h•$95,000 - $120,000•Hybrid

About The Position

The Fraud Prevention Analyst is responsible for the execution of the Credit Union's Financial Crimes Program by performing independent investigations of suspected fraud activities. This position is hybrid on-site in Palo Alto, CA.

Requirements

Bachelor’s degree and 5 plus years’ experience in a similar role at a financial institution.
Knowledge and understanding of common fraud schemes impacting financial institutions.
Expert in identifying fraud red flags, reviewing transaction data, and managing fraud investigations.
Skilled in review of unusual activities, case management, investigations, CDD, SAR documentation and reporting, CTR reviews, Sanctions/OFAC program requirements, and related regulation areas.
Proficiency in using Fraud and BSA/AML transaction monitoring systems & case management systems
Strong understanding of financial transactions (check, wire, cards, ACH, etc.) and financial accounts (savings, checking, loans, etc.)

Nice To Haves

Excellent skills in case documentation.

Responsibilities

Execute the Credit Union's Financial Crimes Program by performing independent investigations of suspected suspicious activities that may relate to, but not limited to, Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), Sanctions, and fraud.
Review, research, and disposition alerts and referrals for fraud and suspicious activity.
Develop and maintain reporting related to alerts, case volume, SAR filing, fraud losses.
As needed perform high risk customer monitoring, CTR reviews and filing, and related activities.
Support regulatory exams, audits, and internal reviews related to fraud and AML risk.
Stay abreast of current laws and of regulations to ensure compliance with the BSA/AML and Sanctions regulations.
Assist employees of the Credit Union with any financial crimes related questions or concerns.

Benefits

100% paid employee medical, dental, vision, life/AD&D and short-term disability insurance for the employee; 50% paid for dependents
Quarterly incentives up to 10% of your salary (based on position)
Employer 401(k) matching up to 5% plus additional annual discretionary contributions
Education reimbursement up to $5,200/year
Employee recognition program with cash incentives
Commuter Toll Benefit $100-$200/month (based on position)
Wellness Benefits up to $1,200 per year
Paid Sick Time accrues at two weeks per year
Paid Vacation Time accrues at three weeks per year
Paid Federal banking holidays (approximately 11 per year)
Ongoing training and education, seminars, and conferences
Loan rate discounts on some products (vehicle, mortgage and HELOC loans)
Waived fees and deposit bonuses on Stanford FCU accounts
Flex health/transit plan availability
Employee Assistance Program with free benefits like counseling, help finding legal assistance and day care resources