Fraud Specialist

Pen Fed is hiring a (Hybrid) Fraud Specialist at our Alexandria, Virginia service center. The primary responsibility of a Fraud Specialist will be to complete all the necessary forms and paperwork involving fraud claims/notifications and work fraud alerts requiring research. Duties also include receiving incoming calls from members, fraud victims and internal Pen Fed employees, and taking action to resolve issues and requests for assistance.

An equivalent combination of education and experience is considered.

• High School Degree required; associate degree preferred.
• Proficient working with Microsoft Office Suite.
• Basic knowledge of banking or credit union operations preferred.
• Basic knowledge of fraud types and fraud schemes preferred.
• Excellent oral and writing skills.

This position will not supervise employees.

There are no additional certifications required.

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.

* Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*

The ability to travel to various worksites and be on-call may be required.

#LI-Hybrid

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties, and the position will perform other duties as assigned.

• Responsible for processing actionable alerts/fraud notifications, conducting research into these alerts as needed.
• Analyze and validate Identity Theft claims and other fraud claims as they arise.
• Review accounts and transactions for fraud activity and take appropriate action, such as restraining an account, to prevent fraud losses.
• Assist Pen Fed members of fraud alerts and work with them in order to resolve issues.
• Collect and report suspicious activity information utilizing Suspicious Activity Reports and documented organization processes.
• Review membership information and identification documents when there are discrepancies or irregularities, to determine the validity of information.
• Resolve fraud claims in accordance with government regulations CC, E/Z and any other regulations as required.
• Accurately record data and remarks utilizing spreadsheets and notes on alerts.
• Keep abreast of current fraud trends in the financial services industry as well as different types of fraud schemes.
• Familiar with regulations and laws, including regulatory and compliance training such as, the US Patriot Act, FACTA, BSA/AML, Regulation CC and Regulation E/Z.
• Monitor and decision alerts in Actimize, Fraud Net, Salesforce, AFS/EWS and other fraud tools, with accuracy and take appropriate action to prevent fraud losses.