Fraud Analyst

Job Summary
We are seeking a detail-oriented and analytical Fraud Analyst to join our team. Under guidance and direction of the Fraud Department Manager, the Fraud Mitigation Analyst is responsible for proactively monitoring transaction and customer account data for suspicious activity and possible fraud, analyzing trends, identifying business areas requiring increased controls to protect from incidents of fraud, providing recommendations for fraud prevention, and implementing fraud strategies. Will work with local, state and federal authorities with matters relating to fraudulent/illegal activities. Must maintain a thorough knowledge of all phases of job requirements and keep current on laws and regulations in areas of responsibility, including those of Bank Secrecy Act/Anti-Money Laundering.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Having a real-time understanding of the threat landscape related to the bank’s financial services offerings.
• Familiarity with the bank’s existing capabilities in fraud detection and strengths/ weaknesses.
• Investigate daily any potentially fraudulent transactions.
• Assist in performing multijurisdictional investigations across states or international lines.
• Become familiar with data driven process and effectively use of data analytics and statistical techniques for financial investigation purposes.
• Maintain relationships with other stakeholders and possibly prosecutorial agencies and regulators.
• Real-time oversight and coverage of the bank’s operations (where possible).
• In case of a suspected incident, a detailed incident review has to be performed which requires a multidisciplinary approach and coordination with multiple teams.
• Attend emerging risk trainings and conferences in order to understand, manage and mitigate new risks being faced by their business verticals.
• Escalate identified concerns when certain risk events are detected as per bank policies.
• Other duties may be assigned.

QUALIFICATION REQUIREMENTS:

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.

· Outstanding communicator internally with department managers, directors and executives.

· Excellent people and public speaking skills

· Outstanding organizational and banking leadership abilities

· A business acumen and exemplary work ethic

· Strong analytical skills

· Aptitude in decision-making and problem-solving

EDUCATION and/or EXPERIENCE:

· High school diploma and 3 years’ experience within a financial institution

· Experience in Fraud and Financial Crimes Areas preferred

· Understanding of Information Technology and Security

· Understanding of banking business functions such as deposit operations, treasury department, marketing etc.

· Understanding of banking laws and regulations especially those associated with financial crimes.

· Must be detail oriented with strong research and problem solving skills

· Good oral and written communication skills, in addition to good organizational skills.

· Maintain a high degree of cooperation with all bank employees, support bank policies, and promote a positive image of the bank at all times. In short, must join all employees in being “team players’.

· Each Austin Bank staff member must conduct his or her personal affairs so that there can be no opportunity for unfavorable reflection upon the bank, either expressed or implied. Additionally, employees are expected to conduct themselves responsibly and professionally during work times and when attending functions as a representative of Austin Bank. Among other things, professionalism includes a positive attitude and a neat appearance.

· Prompt and regular attendance is a vital part of your job.

Must honor bank philosophies, policies, and expectations regarding core values, customer service, human resource policies and code of conduct and ethics.

Job Type: Full-time

Pay: $37,500.00 - $58,750.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee discount
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday
• Weekends as needed

Experience:

• Fraud: 1 year (Preferred)
• Banking: 3 years (Required)

Ability to Commute:

• Frankston, TX 75763 (Required)

Ability to Relocate:

• Frankston, TX 75763: Relocate before starting work (Required)

Work Location: In person

Salary : $37,500 - $58,750