Fraud Analyst III

SUMMARY

The Fraud Analyst III is a senior member of the fraud risk management team responsible for providing expertise and guidance in the day-to-day functions of the Bank and the Fraud Investigations and Recoveries Team. This role will assist management in various fraud-related risk management tasks, including but not limited to management reporting, loss and recovery reporting, risk and control self-assessments, and ad-hoc projects as necessary. Further, this role will assist Fraud Management with the day-to-day operations, regulatory reporting, system tuning of case management, and training.

Major Duties And Responsibilities (essential Functions)

Acts as Subject Matter Expert ("SME”) on various intra- and inter- departmental fraud risk management projects, initiatives, and control enhancement efforts. Manages and continuously improves the 2LOD Risk and Control Self-Assessment, inclusive of the annual Fraud and Identity Theft Red Flag Risk Assessment. Assists in the quality review of various fraud-related deliverables, including but not limited to automated transaction alerts, investigations, and Suspicious Activity Reports (“SARs”). Assists in updating and maintaining Fraud policies and procedures to maintain compliance with existing requirements along with new and emerging risk to ensure an efficient and well-organized program. Tracks, reconciles, and reports fraud-related losses and recoveries for various levels of management. Assists in liaising with federal and state examiners, internal audit, compliance testing, and/or quality control as needed. Researches, analyzes, and investigates customer account behavior daily for potential fraud and suspicious activity from system-generated alerts and referrals escalated by other departments; tracks trends and detects unusual activity or behavior; determines if transactions are fraudulent and/or suspicious in nature such as deposit fraud, check fraud, online account takeover, wire fraud, ACH fraud, etc. Serves as mentor and trains junior staff in investigations related to fraud and recoveries. Serves as subject matter expert for Community Bank staff on fraudulent transactions and emerging fraud risk.

Additional Duties And Responsibilities

• Conducts and drives team meetings when necessary to report on the status of alerts, investigations, and other items deemed important by management.
• Responds to inquiries or refers inquiries to the appropriate person and exhibits the necessary follow-through with customers and/or staff involved.
• Conducts training of personnel in various fraud topics.
• Assumes responsibility for various department functions in the absence of staff members or in overload situations.
• Maintains up-to-date knowledge of applicable fraud trends, common industry practices and fraud monitoring, detection, and/or interdiction software.
• Completes all required compliance courses on a yearly basis.
• Adheres to all First United Policies and Procedures.
• Dresses professionally.
  
  

EMPLOYEE SPECIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education And Work Experience

• High School Diploma or GED required.
• Bachelor’s Degree in Criminal Justice/Criminology or Finance/Banking/Business preferred.
• ACAMS, CFE, CRCM Certification and/or credible equivalent required.
• Minimum 4 - 8 years of fraud risk management, fraud prevention and/or fraud investigations experience required.
• Expert industry knowledge of fraud mitigation and interdiction strategies, regulatory reporting requirements, and liaising with law enforcement required.
• Familiarity with bank operations strongly preferred.
  
  

Technical/Functional Competencies

• Must be an excellent communicator with the ability to professionally interface (both orally and in writing) with Management and Team members, State and Federal regulators and officials, and business partners.
• Ability to work with highly-confidential and sensitive business information and to maintain high standards of confidentiality related thereto.
• Proficient in Microsoft Office or similar software programs.
• Must possess a high level of initiative and a natural investigative demeanor.
• Ability to work independently and in a team environment to achieve department goals and objectives consistent with First United’s standards of excellence.
• Must be comfortable managing multiple and/or shifting priorities, and produce professional and accurate work product, sometimes under time constraints.
• Must possess the desire and ability to grow as a subject matter expert in all aspects of fraud risk management.
  
  

NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned by supervisor to meet the ongoing needs of the organization.

All Locations:

Plano-Parkwood

If any applicant is unable to complete an application or respond to a job opening because of a disability, please email us at HR@firstunitedbank.com for assistance.

First United is an Equal Opportunity Employer. To the extent required by Federal or State law, First United does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, national origin, or any other characteristic protected by law.