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ImpactReduces exposure to financial loss, increased expense and reputational risk.
ResponsibilitiesResearch account information to identify possible cases of fraud; recognizes trends and recommends approaches for fraud investigations; identifies opportunities to reduce the risk of loss from fraud and compliance violations; participates in work-groups to aid in the successful detection and mitigation of fraud.
Essential Functions1. Proactively monitors and reviews electronic account and transaction data for suspicious activity and potential fraud.
2. Communicates security threats to management and provide recommendations for loss mitigation as needed.
3. Implements, modify and test fraud strategies as appropriate.
4. Joins fraud data with other data sources to derive end-to-end performance metrics for fraud.
5. Analyzes fraud metrics, identifies emerging trends and makes recommendations for improved tools/reports to detect fraudulent activity.
6. Investigates and reports irregular transactions reported by other business lines.
7. Maintains fraud analysis models to improve efficiency and effectiveness of Bank systems.
8. Identifies processes requiring increased security controls to protect the Bank and its customers from future incidents of fraud.
9. Collaborates with fraud management on special project or requests; responds to ad hoc requests for reporting and data analysis.
10. Keeps detailed records of suspicious activity and analyze trends.
11. Uses a variety of systems and resources to research moderate to complex account activity that may involve multiple transaction channels.
12. Ensures compliance with the Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures; participates in any required corporate and business line training in these areas.
13. Creates presentations with meaningful commentary on both past performance and future opportunities.
Ancillary Functions1. Assures adherence to Bank policies and procedures and federal and state regulatory requirements.
2. Provides cross-functional support to other areas of the department and the Bank where service or assistance is needed.
3. Performs tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances.
Mandatory Training Curricula Training is required of all Bank staff as related to regulatory mandated compliance topics and courses required for specific job functions. Career enhancement training courses are also available. Please refer to course catalog and management for details.
Competencies (refer to Competencies Library)
Skills • Clearly communicates in English;• Proficient reading, writing, grammar, and mathematics skills;• Proficient interpersonal relations and communicative skills;• Extensive ability to analyze, interpret and comprehend Government regulations;• Ability to maintain confidentiality;• Strong report presentation skills;• Proficient PC skills, including working knowledge of Microsoft Office software.
Physical DemandsThe physical and related demands described in this section are representative of those that must be met by an employee to successfully perform the essential functions of this job. This job is mostly sedentary in nature, but may occasionally involve lifting files and other materials that weigh up to 20 lbs. Employees in this job must be able to work in an office environment during regular business hours where they come into regular and frequent contact with internal and external customers and other members of the public. Therefore, employees in this position are expected to have consistently positive interactions with the public.
Full Time
$51k-68k (estimate)
05/28/2023
06/08/2024
poncebank.com
LONG ISLAND CITY, NY
200 - 500
1960
Private
MICHEAL NABUIB
$10M - $50M
Ponce Bank is a provider of personal and commercial banking services for individuals and businesses.
The job skills required for Fraud Analyst include Analysis, Presentation, Microsoft Office, etc. Having related job skills and expertise will give you an advantage when applying to be a Fraud Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Fraud Analyst. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Fraud Analyst positions, which can be used as a reference in future career path planning. As a Fraud Analyst, it can be promoted into senior positions as a Merchant Chargeback Supervisor that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Fraud Analyst. You can explore the career advancement for a Fraud Analyst below and select your interested title to get hiring information.
If you are interested in becoming a Fraud Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Fraud Analyst for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Fraud Analyst job description and responsibilities
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Understand Procedures Fraud analysts need a good comprehension of laws concerning fraud.
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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Fraud Analyst jobs
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To become certified by the Association of Certified Fraud Examiners, or ACFE, fraud analysts must have at least two years of professional experience detecting or deterring fraud.
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Organizations should start by training their employees on how to detect fraud at work.
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There are many routes to becoming a fraud analyst, but all require mastering certain skills and technical knowledge.
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Step 3: View the best colleges and universities for Fraud Analyst.