Job Type
Full-time
Description
Essential Job Responsibilities The Sr Fraud Analyst/Fraud Manager is responsible for monitoring transactions, detecting, investigating, and mitigating suspicious activity typically focusing on card transactions, check clearings, account transfers and ACH transactions. This is accomplished through the regular monitoring of various reports and systems, reviewing alerts, analyzing trends, investigating transactions, gathering information and working with Credit Union management and law enforcement as needed.
- Review, analyze, and investigate suspicious transactional activity and potential fraud cases.
- Conduct thorough investigations into potential fraud using Credit Union systems and data analysis tools.
- Monitor transactions for suspicious activity related to all banking transactions.
- Assist in developing and implementing fraud prevention strategies based on current trends and threat intelligence.
- Test and modify fraud detection rules and strategies to reduce losses.
- Prepare reports on fraud trends, losses, and system performance.
- Maintain comprehensive documentation of fraud cases, investigations, and resolution steps in accordance with compliance and organizational protocols.
- Communicate with members regarding fraudulent activity on their accounts and assisting with dispute processes as needed.
- Ensure compliance with NCUA regulations including BSA/AML requirements.
- Stay informed of trends and changes in the financial services industry, specifically in credit unions.
- Stay informed of changes and trends related to fraud detection methodologies and regulatory requirements.
- Make recommendations related to internal processes and procedures to mitigate fraud.
Requirements
- Bachelor's degree in accounting, finance, or related field; relevant professional certifications are a plus.
- Knowledge of Bank Secrecy Act (BSA), ACH regulations, TILA requirements, and banking operations is highly desirable.
- Familiarity with financial software systems used for transaction monitoring and data analysis.
- 3-5 year's of experience in banking corporate accounting, or financial auditing roles with a focus on fraud prevention or detection.
- Proficiency in MS Office, core transaction system (Keystone preferred) and fraud detection/case management software.
- Strong ability to analyze large data sets for patterns and anomalies.
- Excellent written and verbal communication for reporting and member interaction.
- Ability to work with others in a courteous, friendly, and professional manner.
- Knowledge of Verafin software is a plus.
- Law enforcement or government investigation experience is a plus.
Hourly rate: $33.00 - $45.00 per hour.
Salary Description
Non-exempt hourly $33.00 - $45.00
