Job Description

Job Description

Job Description

Senior Fraud Analyst

The Senior Fraud Analyst is a key protector of our financial fortress, wielding analytical prowess to shield us from the threats of fraud. This role is not just a job; it’s a mission to safeguard our members’ trust and our organization’s financial health.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Engage in proactive risk management, utilizing fraud research tools to identify and mitigate suspicious activities.
• Conduct in-depth data analysis on Verafin fraud alerts to pinpoint potential risks and emerging fraud trends.
• Lead fraud investigations , file SARs as required, and maintain a comprehensive case management system.
• Manage and optimize fraud detection tools and systems , ensuring peak operational performance.
• Collaborate with internal and external partners to analyze and resolve issues, delivering insightful analysis and results.
• Liaise with government agencies including law enforcement for fraud investigations, ensuring compliance and member protection.
• Generate analytical reports for management, providing insights on system performance and fraud trends.
• Recommend and implement enhancements to our credit loss prevention program.
• Adhere to regulatory compliance standards, including those related to BSA, OFAC, and other financial regulations.
• Develop and refine fraud management policies and procedures, ensuring robust process design and control.
• Spearhead special projects to deploy new technologies that enhance fraud prevention and operational efficiency.
• Serve as a mentor and trainer for new and existing team members, fostering a culture of continuous learning and improvement.
• Stay abreast of industry best practices and recommend innovative fraud prevention strategies.

TECHNICAL COMPETENCIES

• In-depth knowledge of fraud prevention, detection, analysis, and mitigation strategies.
• Strong expertise in fraud management across various channels (ACH, wires, debit card, check, new account, loan, digital, etc.).
• Proficiency in Card Processing, Check Processing/ Imaging, ACH, and Wire Transfer Systems.
• Familiarity with OFAC, FinCEN, and other US Financial Regulatory agencies.
• Computer proficiency in Microsoft Office Suite and MS Teams.

MINIMUM REQUIREMENTS

EDUCATION

• High School Diploma, college degree or equivalent experience preferred

EXPERIENCE

Three (3) to five (5) years relevant fraud experience in a credit union or bank operations environment.

SKILLS

• Demonstrated experience in data research and analysis with a knack for presenting actionable insights.
• Solid background in fraud investigations and problem-solving.
• Independent thinker with excellent verbal and written communication skills.
• Ability to manage multiple projects simultaneously and work effectively under pressure.
• Commitment to confidentiality and compliance with credit union policies and regulations.
• Team player who can also work independently and adapt to flexible hours.
• Willingness to travel for training branch staff or for educational purposes as needed.

MINIMUM PHYSICAL REQUIREMENTS

• Sitting for prolonged periods at a desk working on a computer.
• Manual dexterity to use hands for handling or feeling and reaching with hands and arms.
• Visual acuity for close vision (clear vision at 20 inches or less) and distance vision (clear vision at 20 feet or more).
• Communication skills to talk and hear effectively.
• Occasional physical activities such as standing, walking, kneeling, and crouching.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties and responsibilities.

BENEFITS AND COMPENSATION

The expected pay range for the Sr. Fraud Analyst is $59,784 to $85,000 per year.

We cover 100% of employees single medical, drug, vision, and dental monthly health insurance premiums. Employees also love receiving paid volunteer time, our pay it forward program, and matching their charitable donations up to $250 per year per employee. Tuition assistance for higher education is another special way we invest in our workforce. Benefits include, Paid Time Off and 11 Paid Holidays, 401(k) and 3% Employer Contribution, Health insurance, Paid time off, Vision insurance, Dental insurance, Prescription drug insurance, Tuition reimbursement, Life insurance, Flexible spending account, Disability insurance, Health savings account, Opportunities for advancement, Employee assistance program, Referral program, Retirement plan, Employee discount, Paid training, Professional development assistance, AD&D insurance, Volunteer time off, Credit union membership, Paid orientation, and more.

Make a difference one life at a time!

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