Fraud Analyst

Type: 9‑Month Contract • Location: Morristown, New Jersey

Responsibilities

• Review and analyze activity flagged by the organization's fraud monitoring systems in a timely manner, to determine if further investigation or action is necessary.
• Gather and analyze reports, records, and information from internal and external sources, including online information and organizational records, to facilitate investigations.
• Utilize multiple technologies and sound judgment to examine account activity and detect potentially fraudulent activity.
• Make recommendations for exiting customer accounts/relationships based upon the detection and investigation of fraudulent activity.
• Email correspondence regarding suspect transactions to appropriate stakeholders and conduct appropriate follow-up.
• Correspond with internal and external entities regarding customers, accounts, and transactions to validate relevant information.
• Engage with other financial institutions and fraud units to confirm fraud, identify common suspects, and emerging trends.
• Prepare Suspicious Activity Reports in compliance with applicable internal procedures and federal regulations.
• Monitor the payment or return of transaction items based upon analysis and decisioning received from the branches.
• Identify and analyze current trends to develop preventative strategies.
• Create and maintain digital records and files.
• Prepare reports and enter cases into the internal case management system.
• Analyze, plan, and complete special projects assigned by management.

Skills

• Knowledge of multiple forms of fraud, financial crimes, scams, and schemes, beyond AML.
• Knowledge of banking industry laws and regulations to include the BSA, The USA Patriot Act, U.S. Treasury AML guidelines, OFAC requirements and Suspicious Activity Reporting requirements.
• Confident with technology, possessing computer skills involving multiple applications and an excellent aptitude for quickly gaining a functional knowledge of new technology.
• Experience detecting financial fraud via digital platforms, including using fraud monitoring systems.
• Enhanced skills in the use of Microsoft Word, Excel, Access, PowerPoint, Outlook and experience with online research and web-based investigations.
• Able to synthesize multiple technologies and use sound judgment to examine account activity and detect potentially fraudulent activity.
• Strong time management skills and able to prioritize and organize assignments in a fast-paced environment.
• Ability to maintain attention to detail and accuracy under pressure and within critical time limits.
• Excellent verbal and written communication skills.
• Strong analytical, organizational, and research skills.
• Positive, motivated, goal oriented, and capable of handling emergency and crisis situations.
• Team oriented and able to work independently.
• Demonstrate a consistently professional demeanor and teamwork.
• Committed to continuous improvement toward excellence.

Requirements

• High School Diploma or GED and a minimum of 3 years of banking experience including detecting financial fraud via real-time digital platforms using fraud monitoring systems.
• Bachelor's Degree preferred.
• Banking, Fraud, Financial Crimes, and/or Anti-Money Laundering Professional Certification(s) preferred.
• 0-3 years of Digital Banking Fraud Analyst experience.

Schedule

Onsite