What are the responsibilities and job description for the Senior Fraud Investigative Analyst position at Fremont Bancorporation?

Title : Senior Fraud Investigative Analyst

Job Location : Livermore, CA

Hiring salary range : $66,000.00 - $99,000.00 annual

Fremont Bank founded in 1964, is one of the oldest independently owned banks in the Bay Area and is one of the top rated mid-tier banks in the nation. Voted a Top Workplace for 2024 and for the past fourteen consecutive years, Fremont Bank has an immediate opening for a Senior Fraud Investigative Analyst in Livermore, CA.

Position Overview

The Senior Fraud Investigative Analyst conducts meticulous investigation of various potentially fraudulent transactions and develops rules to assist with early fraud detection and prevention. The Senior Fraud Investigative Analystis responsible for evaluating the circumstances of suspected or confirmed fraud cases and handling them according to established procedures. Develops procedures to enhance fraud detection efforts; assists in calibration of fraud detection software and training of other investigative analysts.

Role and Responsibilities

Conduct ongoing analysis of existing fraud alerts related to deposit accounts. (Wires, ACH, Checks, Online Account Takeovers, New Accounts and claims : Reg E and Check, etc.)
Works with Vendor and recommends enhancements to improve fraud detection and reduce false positives
Analyzes and makes recommendations to implement new alerts
Contact clients via phone and / or email to validate transaction activity
Performs transactional and activity-based fraud analysis utilizing various tools and reports to identify potential fraudulent activities on deposit accounts
Draft assessment summaries and other written investigative / intelligence products to support decisions and recommendations
Assist business partners in identifying control deficiencies that resulted in a loss or exposure identified during an investigation
Develop procedures and provide training for new team members
Escalate cases for further investigation and potential recovery to Security
Reviews high risk transactions for potentially fraudulent activity
Complete other duties as assigned.

Minimum Qualifications

4 years of risk management / fraud experience in financial industry or

4 year degree with 3 years of related banking experience

Working knowledge of research methodology of fraud and financial crime activities

Knowledge of fraud detection, prevention, authentication strategies and techniques

Detailed oriented and the ability to work independently

Strong interpersonal, analytical and problem-solving skills

Experience working in a fast-paced production-based environment and managing an assigned work queue

Ability to effectively communicate with clients to resolve risk and fraud issues

Solid knowledge of state and federal bank compliance procedures and card brand operating guidelines as they relate to fraud investigation and analyses

Ability to interpret complex documents such as federal regulations and operating guidelines

Ability to write procedure updates or implement new procedures

Proficient with Microsoft Word, Excel, PowerPoint, Outlook and Internet Explorer

Excellent communicator with strong written and verbal communication skills

Willingness to be flexible

Preferred knowledge of Verafin, Fiserv banking software, MasterCard connect and DTS

Preferred knowledge of the Check clearing and adjustment rules

Preferred knowledge of NACHA Rules and Regulations

Preferred knowledge of Wire related regulations and guidelines

Preferred knowledge of MasterCard rules and regulations

Salary : $66,000 - $99,000

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Senior Fraud Investigative Analyst

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