Fraud Analyst

NewtekOne®, Your Business Solutions Company®, is a financial holding company providing a wide range of business and financial solutions under the Newtek® brand to small- and medium-sized businesses (SMBs) nationwide. Solutions include banking, business lending, electronic payment processing, technology services, eCommerce, accounts receivable and inventory financing, insurance, web services, and payroll and benefits.

About the role

This position supports the compliance department with the day-to-day administration of the Bank’s financial crimes program, established procedures, and internal controls. Responsibilities may span automated monitoring, fraud-alert decisioning, escalation, investigation, documentation, and regulatory reporting (SARs to FinCEN).

Responsibilities

• Monitor and analyze banking transactions for signs of suspicious or fraudulent activity using advanced fraud-detection tools and software.
• Develop and implement strategies to prevent fraud, including rule modifications and new procedures.
• Conduct thorough investigations of suspected fraudulent activities; gather and analyze data from multiple sources to build cases and support findings.
• Prepare detailed Suspicious Activity Reports (SARs) on investigative findings and recommend risk-mitigation actions.
• Collaborate with internal teams—IT, compliance, legal, and operations—to address and resolve fraud incidents.
• Report findings and trends to senior management and suggest improvements to fraud-prevention strategies.
• Participate in regular meetings to review fraud metrics and discuss ongoing cases.
• Stay updated on the latest fraud trends, techniques, and regulatory requirements.
• Assist in training bank staff on fraud awareness and prevention techniques.
• Ensure all fraud-detection and investigation activities comply with regulatory requirements and internal policies.
• Maintain accurate, up-to-date records of all fraud-related activities and investigations.

Requirements

• 3+ years of financial-crimes experience at a financial institution, consulting firm, or regulatory agency.
• Bachelor’s degree required; commensurate work experience may be considered.
• Professional designation as a Certified Fraud Examiner (CFE) or Certified AML and Fraud Professional (CAFP) preferred.
• Working knowledge of bank operations, policies, and procedures, with ability to research, analyze, and recommend enhancements.
• Working knowledge of fraud and financial-crimes banking laws, regulations, operations, and procedures.
• Strong analytical capability and ability to identify potential concerns, recommend operational improvements, and initiate action.
• Excellent communication (verbal and written), organizational, and follow-up skills.
• Ability to work both independently and in a team-oriented environment.
• Proficiency in Microsoft Office suite (Excel, Word, PowerPoint, Outlook, Teams).
• Knowledge of Alloy solutions, Velocity FinCrime Software, or other fraud-monitoring tools is a plus.

Pay

$60,000 to $85,000 per year.