Title: Fraud Analyst – Payments & Risk
Location: Stamford, CT
Overview:
Our client, a Community Bank in the Northeast US, is searching for a motivated Fraud Analyst to perform risk monitoring reviews and investigations with a specific focus on the card transaction channel.
Based on investigations, the candidate must be able to draw logical and reasonable conclusions based on behaviors and alerts and communicate those findings. An ideal candidate has experience in transaction payment monitoring, prepaid programs and or providers, Visa, MasterCard or Discover work experience. A background in BSA/AML fields.
Responsibilities:
- Support fraud prevention and monitoring processes of the Risk department.
- Review and analyze transactional data and account activity for unusual, potentially suspicious, and 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 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 and mitigants associated with those activities.
- Maintain proficiency in all aspects of BSA/AML compliance.
- 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).
- Protect the integrity of the prepaid and payments systems, adhering to the rules, policies, and procedures to mitigate fraud and chargeback risks to clients and customers.
Requirements:
- 3+ years Fraud experience in online risk (fraud/AML/CTF) prevention
- 2+ years Prepaid and payment channels experience
- 2+ years AML monitoring/investigations experience
- Ability to utilize performance data to analyze and report
- Experience developing and or maintain an organizational Fraud Policy
- Bachelor’s Degree – preferred
- Certified Fraud Examiner designation within six months of start date
- A high level of tact and integrity due to the frequency of communicating with high-level internal and external contacts, as well as regular exposure to confidential data
- Superior written and verbal communication skills, must speak English
- Must be able to work independently in conducting research and providing data-driven analytical risk insights
- Advanced analytical, investigative, and problem-solving skills
- Ability to communicate and document review findings, take risk related decisions and act upon them
- Must be able to work in a fast paced and dynamic environment, handle multiple tasks, consistently meet established deadlines, and deliver exceptional results
- Work closely with other teams and departments to support the processes and products towards improving the monitoring oversight
- Excellent technical skills including Microsoft Office
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