CIP – Fraud Specialist

Essential Duties And Responsibilities

• Create CDD Questionnaires in Verafin to assist BSA Department during new account reviews, including resolution of declared behavior alerts in Verafin.
• Monitor branch collection of CIP information and Beneficial Ownership per FCB’s Customer Information Program and Customer Due Diligence Program.
• Report lack of compliance to AML/CFT Officer in a timely manner.
• Reviews and determines appropriate course of action on alerts for potential OFAC matches.
• Conducts investigations of fraud alerts generated by the BSA/AML monitoring system.
• Prepares case file documentation to support fraud investigations and to aid law enforcement in the prosecution of those perpetrating fraud against the bank or bank customers.
• Recommends policies and procedures to detect and prevent the occurrence of fraudulent or illegal activities.
• Assist with the recovery of losses due to fraudulent or illegal activities.
• Review daily reports to identify fraudulent activity.
• Perform quality control reviews of closed fraud cases.
• Assists with training of bank employees to identify and respond to potential or actual fraud situations.
• Assists the Fraud Manager and AML/CFT Officer as needed.

Qualifications

• Two-year college degree or equivalent experience.
• Experience investigating fraud alerts in a financial institution environment.
• Ability to prioritize and organize case load independently.
• Experience working with federal and local law enforcement agencies.
• Basic problem-solving and analytical skills.
• Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
• Proficiency in using personal computers and office products (e.g., Word, Excel, Adobe).
• Effective time management skills.
• Effective verbal and written communication skills.