Fraud Analyst

Essential Duties

• Collect and analyze large volumes of financial data for potential fraud using reports, systems and software available.
• Recognize patterns of fraud and suggest new methods of detection, mitigation, and prevention.
• Report fraudulent activity and provide supporting documentation to supervisors for investigation purposes.
• Perform a variety of complex and specialized tasks associated with identifying suspected deposit fraud, counterfeit checks, and other potential fraud related transactions.
• Work directly with both internal and external contacts, and/or other banks researching, investigating and collecting documentation.
• Send appropriate required notices to account holders with fraudulent activity and/or make phone calls to communicate the progress.
• Review new and existing accounts for signs of potential fraud.
• Review mobile, ATM, and other incoming deposits to determine whether preventive measures are warranted based on account risk and activity.
• Make outbound calls, when necessary, place holds and recommend closure if appropriate.
• Perform other duties as required.

Experience

• Minimum of 3 years' banking experience (required) with 2 years in fraud/loss prevention preferred.
• High school diploma or equivalent.
• Fraud certification (such as CFE, CFCS, etc) or the ability to obtain within two years.
• Basic understanding of certain regulatory requirements associated with fraud mitigation activities, such as Bank Secrecy Act, Uniform Commercial Code, Regulation CC, Regulation E, Gram-Leach-Bliley.
• Experience with fraud detection and BSA software and tools.
• Experience with Verafin a plus.

Benefits

• Competitive Medical, Dental, Vision Coverage
• 401(k) Retirement Plan
• Company Paid Life, STD, and LTD
• Health Savings Account (HSA) & Flexible Spending Account (FSA)
• Paid Time Off (PTO), Volunteer Time Off (VTO), and Birthday PTO
• 12 Paid Holidays
• Tuition Reimbursement
• Company Events and Picnics

This response is AI-generated, for reference only.