Fraud Analyst (Chicago, IL)

About

Byline Bank, a subsidiary of Byline Bancorp, Inc., is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. With approximately $9.9 billion in assets and over 40 branch locations in the Chicago and Milwaukee metropolitan areas, Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing and U.S. Small Business Administration loans. Byline Bank is a member of FDIC and an Equal Housing Lender.

Objective Of Position

The Fraud Analyst is responsible for helping all Byline Staff in order to safeguard the Bank and its customers against Fraud. Investigates fraudulent/illegal activities perpetrated by customers or employees. Helps design and implement programs to prevent such activities and to recover any incurred losses. May work with external local, state, and federal authorities as well as internal teams with matters relating to fraudulent/illegal activities.

Duties And Responsibilities

• Help reviews case management software, alerts, and investigate alerts as required.
• Performs independent analysis for cases involving suspicious activity including, but not limited to, elder financial abuse, check kiting, and counterfeit checks.
• Completes and assists with Suspicious Activity Reports (SARs) and Suspicious Activity Investigation Reports (SAIRs).
• Investigates fraud or Whistleblower issues.
• Facilitates and performs periodic (90 Day) SAR follow-up reviews.
• Helps Bank staff with instances of identified Fraud.
• Reviews and maintains Red Flag cases and Concern Reports.
• Proactively identifies instances of potential fraud and abuse.
• Maintains a solid working knowledge of current fraud trends.
• Attends Fraud training sessions and networks with industry groups.
• All other duties as assigned.

Qualifications

• Bachelor’s degree preferred.
• 2+ years of banking experience with knowledge of Fraud, Loss Mitigation, and Bank Secrecy Act regulatory requirements and/or other program related compliance functions.
• General compliance or operational work related to Fraud elements to be considered.
• 2+ years of experience in the lending industry, preferably in fraud detection and investigation, risk management or compliance.
• Knowledge of fraud related trends, theories, and practices.
• Fraud certification(s) or willingness to pursue.
• Ability to collect and analyze complex data, evaluating information and drawing logical conclusions.
• Able to effectively communicate the applicability of fraud issues to front line personnel for execution in the day-to-day working environment.
• Able to effectively communicate verbally and in writing, including active listening skills, and skills in presenting findings and recommendations.
• Able to work with confidential information.
• Able to communicate with colleagues and the BSA Officer regarding issues and findings.
• Able to work collaboratively with a variety of stakeholders at all levels.
• Be self-motivated with a strong attention to detail.
• Have strong change management, organizational, and planning capabilities.
• Proficiency in MS Office Suite.

Physical Demands/Work Environment

Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices. At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.

Compensation & Benefits

Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels. The salary range for this position is between $52,000 to $64,000. In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off, and much more! Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.

Additional Information

Byline Bank is an Equal Opportunity Employer / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Byline Bank are based on business needs, job requirements, and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics. Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773-475-2900, Option #2. If applying within the US, this role is not eligible for visa sponsorship now or in the future.

Note To Recruitment Agencies And Third-Party Recruiters

Byline Bank kindly requests that third-party recruiters, staffing agencies, and recruitment firms refrain from submitting resumes or candidate profiles without a prior agreement in place. Any unsolicited submissions will be considered property of Byline Bank, and no fees will be paid for placements resulting from such submissions. We appreciate your understanding and cooperation.