Deposit Fraud Analyst l
USALLIANCE Financial is a members-first Credit Union focused on innovation and teamwork. The Deposit Fraud Analyst will provide support in risk mitigation and fraud analysis, conducting investigations and analyzing data to prevent losses.
Responsibilities
- Analyze transactional data to make determinations of irregular activity through understanding of industry norms, and regulatory definitions of suspicious activity
- Conduct investigations by utilizing the Credit Union’s resources i.e. system software, reports, databases, and system applications to determine if suspect account activity meets the established criteria for investigation of suspicious activity
- Collect, analyze, and disseminate sensitive information concerning the suspicious activities of groups, businesses, and individuals
- Partner with Credit Union Management to effect change and promote awareness through the coordination of fraud detection monitoring of system enhancements and statistical trend analysis
- Assist with identifying and mitigating new account fraud through the KYC management system
- Support responses for customer relationship management and other fraud service-related requests
- Examine reports to determine if situations meet the established criteria for investigating suspected fraudulent or problem accounts
- Prepare detailed fraud alerts and updates to help prevent losses associated with known trends
- May analyze compromised accounts and determine point of compromise, other commonalities among victims and their accounts
- Assist with the recovery of losses resulting from fraud, theft, and embezzlement
- Assume additional risk management related responsibilities and special projects as assigned
Skills
- Minimum of 1 year of related experience in the Financial Services industry
- Data analysis skills
- Excellent written and verbal communication skills
- Ability to work both independently and with team members across lines of business
- Familiar with banking laws and regulations
- Thorough knowledge of Bank Secrecy Act, USA Patriot Act, etc
- Associate or bachelor's degree is preferred
Benefits
- Paid Time Off
- Wellness Time
- Paid Federal holidays
- 401K with 6% match
Company Overview