Fraud Specialist

The Fraud Specialist is responsible for identifying, investigating, and preventing fraudulent activities within our organization. This role involves analyzing data, monitoring transactions, and implementing strategies to mitigate fraud risks. The incumbent has a strong understanding of fraud detection techniques, excellent problem-solving skills, and the ability to work collaboratively with other departments. The Fraud Specialist will work in conjunction with the BSA Analyst and assist in supporting various Anti-Money Laundering (AML) and fraud processes, which might include suspicious activity investigations, reporting, and enhanced due diligence.

Key Responsibilities :

• Monitor and analyze transactions to identify suspicious activities and potential fraud.
• Conduct thorough investigations into suspected fraud cases, gathering evidence and documenting findings.
• Develop and implement fraud prevention strategies and controls.
• Review system-generated alerts to assess the presence of illicit activity that may require reporting based on Bank Secrecy Act (BSA) / AML requirements.
• Document investigative results in written format and provide sufficient research to support investigative recommendations.
• Complete and validate quality draft Suspicious Activity Reports (SARs) in accordance with procedures through Verafin, consistent with the requirements of Financial Crimes Enforcement Network (FinCEN).
• Escalate issues as appropriate for advanced investigation and analysis.
• Build and maintain awareness of the broader context and implications of the various types of risk affecting the business (e.g., financial, legal, reputation, etc.).
• Engage with peers and team to support the Fraud collaborative environment.
• Provide training and support for other team members on fraud detection techniques and procedures.
• Assist in the development and maintenance of fraud detection procedures and tools.
• Prepare detailed reports on fraud incidents and present findings to management.
• Stay up to date with industry trends and best practices in fraud detection and prevention.

Qualifications :

Preferred Qualifications :

Compensation + Benefits