Fraud Analyst
Location: US, NY, Rye
Employment type: Full-time
Required experience: Associate
Required education: High School or equivalent
Industry: Banking
Function: Quality Assurance
Company profile: Outstanding Member Service Starts With Outstanding PeopleIf you are committed to the concept of “above and beyond” and enjoy interacting with people either in person or on the telephone, then we want to talk to you.Our people are our most valuable asset. We recognize their value – the hard work and dedication they give – and reward it through a highly competitive salary structure and benefits program which includes:Medical, dental and vision insurance401k  Retirement Savings Plan with a match up to 6% by the Credit UnionFlexible Spending  AccountsLife insurance paid by the Credit UnionGenerous paid time offGym membership reimbursement program.
Description: Play a leadership role as a business liaison and team member with Credit Union Management. Monitor and lead fraud strategy enhancements for both vendor relationships and internal systems.Duties and ResponsibilitiesConduct analysis on transactional data to make determinations of irregular activity throughunderstanding of industry norms, historical member activity and regulatory definitions ofsuspicious 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.Manage the development, enhancement, and/or implementation of Fraud Detection systems and processes to detect and prevent fraudulent 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.Serve as a liaison to law enforcement and regulatory agencies for fraud investigation cases.Examine reports to determine if situations meet the established criteria for investigatingsuspected fraudulent or problem accounts.Prepare detailed fraud alerts and updates to help prevent losses associated with known trends.Oversee the proper completion of all FinCEN BSA related filings.May analyze compromised accounts and determine point of compromise, other commonalities among victims and their accounts, and the potential of Employee misconduct/involvement.Pursue the recovery of losses resulting from fraud, theft and embezzlement.May assist the Physical Security Team in ensuring the physical security of employees and members while on company premises.Assists in mentoring other employees in the Credit Union.Assume additional responsibilities and lead special projects as assigned.
Requirements: Minimum of 3 years of related AML fraud prevention strategy experience in the Financial Services industryStrong project management and data analysis skillsExcellent written and verbal communication skillsAbility to create effective presentations using Microsoft Office for reporting to managementAbility to work both independently and with team members across lines of businessFamiliar with banking laws and regulationsThorough knowledge of Bank Secrecy Act, USA Patriot Act, etc.All positions must adhere to standard BSA/AML policies, procedures and processes.  Employees must demonstrate awareness of business functions and how business decisions affect financial and/or non-financial work results.
Benefits: Our people are our most valuable asset. We recognize their value – the hard work and dedication they give – and reward it through a highly competitive salary structure and benefits program which includes:Medical, dental and vision insurance401k  Retirement Savings Plan with a match up to 6% by the Credit UnionFlexible Spending  AccountsLife insurance paid by the Credit UnionGenerous paid time offGym membership reimbursement program.
Fraudulent: 0