What are the responsibilities and job description for the Financial Crimes Analyst position at Orion Financial?
POSITION PURPOSE
This position plays a critical role in protecting the organization and its members from fraud and other financial crimes. This position involves monitoring, investigating, and resolving various financial crimes activities, while ensuring compliance with regulatory requirements. The role requires attention to detail, strong analytical skills, and effective collaboration across business units.
Essential Functions And Basic Duties
Education/Certification: Associate’s or Bachelor’s degree preferred. High School diploma or GED required.
Experience Required: Basic understanding of common fraud and financial crime types, including check and card identity theft, and money laundering. Familiarity with transaction monitoring tools, case management systems, and transaction error processing platforms. Working knowledge of BSA/AML compliance requirements and regulatory frameworks (e.g. Regulation E) and card network rules (e.g. Mastercard) a plus.
Skills/Abilities: Proficient in reviewing transaction data and identifying anomalies. Detail-oriented, methodical, and dependable. Strong analytical skills Strong communication skills. Ability to document findings clearly. Follows defined processes with minimal deviation. Eagerness to learn fraud patterns and prevention tactics.
WORK ENVIRONMENT: Work is generally carried out in a typical open office setting. While performing the duties of this job, the working conditions are those of a typical office environment, with temperatures occasionally too warm or too cold, moderate noise levels and under lighting conditions typical of an office. Possibility for some remote work as needed.
PHYSICIAL REQUIREMENTS: While performing the duties of this job, the employee is regularly required to sit at a desk and in meetings for long periods of time on a continuous basis; intermittently twist to reach equipment surrounding desk; perform simple grasping and fine manipulation with fingers; reach with hands and arms; use a telephone or other electronic communication devices; stand for long periods of times at counter, printers; communicate orally and through written means; use standard office equipment such as computers, printers; write or use a keyboard to perform assigned duties; bend, squat, climb, kneel and twist while checking equipment; occasionally stand and/or walk over both even and uneven ground; occasionally lift and/or move up to 25 pounds; hearing and vision within normal ranges with or without correction.
Successful candidates must pass pre-employment credit checks, background checks, and drug screens.
Orion Financial is an equal opportunity at will employer and does not discriminate against any employee or applicant for employment because of age, race, religion, color, disability, sex, sexual orientation, national origin or any other federal or state protected class. We maintain a drug-free workplace and perform pre-employment substance abuse testing. If you are unable to complete this application due to a disability, contact us to ask for an accommodation or an alternative application process.
This position plays a critical role in protecting the organization and its members from fraud and other financial crimes. This position involves monitoring, investigating, and resolving various financial crimes activities, while ensuring compliance with regulatory requirements. The role requires attention to detail, strong analytical skills, and effective collaboration across business units.
Essential Functions And Basic Duties
- Monitor transaction alerts and claims from claim initiation for indications of fraud, money laundering, and other financial crimes.
- Investigate alleged transaction errors for possible fraud using internal tools and systems, assess liability, and determine appropriate case outcomes.
- Organize and maintain comprehensive investigation dispute case files and documentation in compliance with internal policies and external regulations (e.g. FinCEN Regulation E, and Mastercard rules).
- Identify red flags and suspicious activities for subsequent investigation.
- Support fraud prevention initiatives by collaborating on investigations and case management with business units across the organization.
- Assist in the preparation and support of compliance filings, such as Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs).
- Monitor claims and (are these the same transaction alerts or what type?) alerts daily, ensuring timely processing and resolution of transaction errors and alerts.
- Stay up-to date on relevant regulations, industry rules, and financial crime trends to enhance detection and prevention strategies.
- Respond to internal and external inquiries related to transaction errors and financial crime fraud investigations, providing clear and accurate information.
- Other related duties as assigned by management.
Education/Certification: Associate’s or Bachelor’s degree preferred. High School diploma or GED required.
Experience Required: Basic understanding of common fraud and financial crime types, including check and card identity theft, and money laundering. Familiarity with transaction monitoring tools, case management systems, and transaction error processing platforms. Working knowledge of BSA/AML compliance requirements and regulatory frameworks (e.g. Regulation E) and card network rules (e.g. Mastercard) a plus.
Skills/Abilities: Proficient in reviewing transaction data and identifying anomalies. Detail-oriented, methodical, and dependable. Strong analytical skills Strong communication skills. Ability to document findings clearly. Follows defined processes with minimal deviation. Eagerness to learn fraud patterns and prevention tactics.
WORK ENVIRONMENT: Work is generally carried out in a typical open office setting. While performing the duties of this job, the working conditions are those of a typical office environment, with temperatures occasionally too warm or too cold, moderate noise levels and under lighting conditions typical of an office. Possibility for some remote work as needed.
PHYSICIAL REQUIREMENTS: While performing the duties of this job, the employee is regularly required to sit at a desk and in meetings for long periods of time on a continuous basis; intermittently twist to reach equipment surrounding desk; perform simple grasping and fine manipulation with fingers; reach with hands and arms; use a telephone or other electronic communication devices; stand for long periods of times at counter, printers; communicate orally and through written means; use standard office equipment such as computers, printers; write or use a keyboard to perform assigned duties; bend, squat, climb, kneel and twist while checking equipment; occasionally stand and/or walk over both even and uneven ground; occasionally lift and/or move up to 25 pounds; hearing and vision within normal ranges with or without correction.
Successful candidates must pass pre-employment credit checks, background checks, and drug screens.
Orion Financial is an equal opportunity at will employer and does not discriminate against any employee or applicant for employment because of age, race, religion, color, disability, sex, sexual orientation, national origin or any other federal or state protected class. We maintain a drug-free workplace and perform pre-employment substance abuse testing. If you are unable to complete this application due to a disability, contact us to ask for an accommodation or an alternative application process.