GENERAL SUMMARY:

The Fraud Analyst will be responsible for managing daily tasks associated with FIU protocols to ensure all regulatory expectations are met and fraud losses are minimized to the reasonable possible extent. Responsibilities include the identification of unusual and/or potentially fraudulent activity, the management of the associated alerts, and the investigation and reporting of internal and external financial crimes against the bank.

PRINCIPAL DUTIES & RESPONSIBILITIES:

Fraud Analyst will:

• Write and file Suspicious Activity Reports and apply appropriate risk mitigation measures, while ensuring appropriate documentation of all research and analysis is conducted in accordance with applicable recordkeeping guidelines.
• Actively support managers and supervisors with AML/Fraud investigations, while coordinating with team members and other departments to determine the proper course of action in handling potentially suspicious activity as required by applicable global regulatory, law enforcement or, Financial Intelligence Units (FIU).
• Review and analyze transactional data for potential suspicious activity, including those generated from various alert detection systems and processes.
• Review and analyze fraud alerts and account activity for unusual or suspected fraudulent activity that derive from the bank’s alert detection systems and processes.
• Conduct due diligence, evaluate the circumstances, and recommend appropriate risk-based actions for any cases of potential fraud; escalate as necessary.
• Collaborate with personnel from other departments when conducting investigations, as appropriate.
• Communicate with FIU management on internal control deficiencies detected during the account monitoring/investigative processes.
• Maintain knowledge of the bank’s products, services, customers and geographic locations, and the potential fraud risks associated with those activities.
• Maintain proficiency in all aspects of BSA/AML compliance.