Job Openings: Fraud Analyst
|Location of Position:||Sharon|
The fraud analyst performs various duties to protect the credit union from known or suspected internal or external fraudulent activities, with a primary focus on detecting, preventing, and following policies and procedures to ensure the reduction of potential losses. The analyst proactively prevents fraud/loss by analyzing fraud patterns/trends and helps monitor High-Risk account and product activity. Coordinates activities to resolve and prevent fraud across the organization.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Analyzes and conducts investigations of potentially fraudulent activity, to ensure minimal loss to the organization. Coordinates cross-functional communication, to resolve fraud situations and provides recommendations to resolve fraud.
- Maintains current knowledge and awareness of investigative fraud techniques, Bank Secrecy Act, anti-money laundering laws, privacy laws, NCUA regulations and state/federal laws, investigation and security incident policy and procedure.
- Investigates/clears potential fraudulent account activities identified by systematic rules in use throughout the credit union that are forwarded from credit union departments or vendors for expert review.
- Utilizes and maintains the Yellow Hammer fraud detect system and technology, proactively analyzes, and detects fraudulent activity.
- Reviews and acknowledges all daily alerts in the Yellow Hammer fraud detect system. Tracks fraud trends and statuses of various types of fraud. Communicates with departmental managers and other parties involved regarding actions needed.
- Educates credit union employees to identify and respond to potential fraud trends and situations.
- Compiles various reports for management, to update the status of current investigations.
- Tracks fraud events including loss and recovery and provides management reporting.
- Develops, maintains, and implements policies/procedures to detect and prevent fraudulent activity.
- Performs other job-related duties as assigned.
- Interacts with members as needed who are reporting fraudulent activity.
- Escalates suspicious activity to BSA team for further review and regulatory reporting.
- Reviews suspicious documentation submitted for both new accounts and loans.
- Assist the Compliance department in compiling relevant information and narrative to make the determination if a SAR is needed to be filed.
- Compile information from all banking channels and determine which ones need to be restricted and what departments need to be contacted.
- Works as a liaison with law enforcement agencies in conducting fraud investigations to file police reports on half of the Credit Union.
How to Apply
If it is more convenient you may also complete and print an employment application and submit along with a copy of your resume to SCU Credit Union in person or by mail to:
SCU Credit Union
1300 Belmont Street
Brockton, MA 02301