Account Fraud Manager

Account Fraud Manager

The Account Fraud Manager is responsible for supervising the operations of the fraud prevention program at the Credit Union, as it relates to account fraud and non-card transactions, such as checks and electronic payments. This includes the supervision of employees, tasks and projects within the Account Fraud Team, collaboratively with the Card Fraud Manager for the Fraud Prevention Department, and in accordance with the Credit Union's mission statement, values and strategic plan.

This position assures that fraud situations, including claims and losses, are promptly and properly worked in compliance with the Credit Union's policies, procedures and guidelines. This position monitors department service levels while working on cross functional teams to develop and implement policies, strategies and processes for minimizing the risk of loss from fraud, abuse and compliance violations.

Work Location
- This position is a hybrid working arrangement. Expectation is to be onsite 2-3 days per week at our Headquarters in East Lansing, MI. The onsite requirement is to help foster relationships with other key leaders/managers and account fraud employees.

Schedule
- Monday-Friday 8:30am-5:00pm Eastern Standard Time;
Additionally, having flexibility to support team/answer questions during standard branch hours as needed.

Compensation & Benefits:

• Salary Range: $90,000 - $115,000+ annually, depending on experience
• 100% Company-Paid Health, Dental, Vision, Life, and Long-Term Disability Premiums
• Up to 26 days of PTO within your first year, as well as Volunteer Time Off & 11 Paid Holidays
• 401(k) with a company match
• Tuition Reimbursement
• Up to 12 Weeks of Paid Parental Leave
• Learn more about our benefits here

Main Requirements:

• Directly supervise the Account Fraud Team by carrying out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and coaching employees; addressing complaints and resolving problems.
• Escalate identified fraud trends and instances in a timely manner to the appropriate leadership and teams for communication to the organization, vendors, and to affected members.
• Coach and mentor employees, including but not limited to establishing goals and objectives, providing feedback on investigative efforts and performance; maintain a regular schedule of periodic coaching sessions and quarterly career development meetings.
• Develop and implement strategies (both external and internal) designed to minimize fraud losses, increase operational efficiencies, and ensure ongoing compliance with laws and regulations.
• Responsible for maintaining current systems, fraud technology, alerts, and reporting while working to identify gaps in efficiency and potential solutions.
• Report monthly, yearly and year-over-year departmental statistics for reporting to the board, management, and regulatory authorities, creating unique reports to define trends, anticipate problems and find proactive solutions.
• Responsible for staying up-to-date with fraud trends, economic conditions, products, services, and Credit Union initiatives to maintain adequate knowledge of the financial services industry and the Credit Union.
• Responsible for providing input into the Fraud Prevention Department's relevant policies and procedures, annual budget and strategic plan for submission to senior management.
• Maintain compliance with Federal and State laws and regulations, in addition to Credit Union policies and guidelines, and ensure that employees receive the necessary training to comply with applicable requirements.
• Foster and promote a culture of risk awareness and accountability. Understand the Credit Union's policies and procedures to ensure compliance and accountability for managing operational risks. Adhere to established internal controls and procedures to safeguard assets, prevent fraud, and maintain the integrity of credit union operations.
• Perform other duties as assigned

Job Requirements:

• High school diploma or GED required.
• Bachelor's Degree with a concentration in criminal justice, financial crimes, or other business related preferred;
  In lieu of degree, a minimum of five years of experience in financial crimes or fraud investigation, including a minimum of three years of leadership experience, is required.
• Completion or active pursuit of a fraud related certification program, such as those offered by the IAFCI, CFE and CFCS is required.
• Prior experience in a financial institution or similar industry in work related to fraud prevention, financial crimes, or other related role.
• Prior experience leading others formally or informally is required; or completion of one of the Credit Union's leadership programs in lieu of experience.

Physical Demands and Work Environment:

• May be required to remain in a stationary position for an extended period.
• Ability to operate standard office…