Financial Crimes Analyst

Job Description

Job Description

PURPOSE OF THE JOB

This position is primarily responsible for reviewing fraudulent activity within the bank through review of reports and alerts generated by the bank's automated systems, including deposit fraud, check fraud, card fraud, digital payments fraud, wire fraud and ACH fraud. Financial Crimes Analysts are also responsible for preventing fraud losses to the Bank and its’ customers through transaction monitoring, data analysis and other fraud mitigation efforts. Analysts will collaborate with account officers and relationship managers to obtain pertinent information to decision and report suspicious or fraudulent activity. This position will also assist BSA / AML on an as needed basis.

MAIN DUTIES OF THE JOB

• Analyzes business, industry and financial data and transactional activity to identify and investigate potentially fraudulent activity to include deposit, check, card, digital payments, ACH, and Wire fraud.
• Navigates multiple bank applications to examine activity and detect potentially fraudulent activity.
• Exercises independent judgement while examining, identifying, and documenting fraudulent or unusual account activity behaviors.
• Creates fraud case files to document and report potential suspicious activity with relevant information through the bank's case management system.
• Monitors, detects, and investigates forgery and theft within customers' accounts and transactions, on behalf of the bank, including identifying and tracing any suspicious or high-risk transactions.
• Flags and suspends suspicious accounts until the activity can be verified by the customer, including calling the customer.
• Analyzes automated fraud alerts to ensure suspicious activity is reported timely to the Financial Crimes Enforcement Network (FinCEN) with the completion of Suspicious Activity Reports (SARs)
• Analyzes automated fraud alerts to protect the Bank and customers from fraud loss.
• Reviews internal fraud referrals
• Provides support to banking center and other department personnel regarding fraudulent activity found on accounts to mitigate loss.
• Keep abreast of BSA / Fraud related issues through various training opportunities

WHAT YOU WILL NEED TO SUCCEED

HOME BANK IS AN EQUAL OPPORTUNITY EMPLOYER

GOOD CREDIT IS A MUST

CREDIT REPORT IS REQUIRED FOR EMPLOYMENT