Fraud Specialist Job Indianapolis Indiana USA,Finance & Banking

Location: Indianapolis

Salary: $54,080.00 - $58,240.00 Annually

Final date to receive applications: N/A

Who We Are:

Mayo Employees Federal Credit Union provides competitive products and world-class service to Mayo Clinic employees and their families in reaching their financial goals. Our strong mission of caring for our members drives what we do every single day. Mayo Employees Federal Credit Union has been awarded multiple top honors through Rochester Post Bulletin's annual "Best of the Best" Awards including "Best Credit Union" for six years in a row as well as "Best Place to Work" in 2025.

Days of Work:
Monday - Friday 8 AM - 5 PM; occasional Saturday morning hours (approx. every 5-6 weeks)
Starting salary range: $26 - $28 per hour ($54,080 to $58,240 annually) based on experience
FLSA Status:
Nonexempt
Schedule:
Full time
Hours/Pay Period: 80
Remote Worker:
No

Job Summary

The Fraud Specialist investigates and analyzes financial data and monitors transactions to prevent fraudulent activity. Typical job duties include, but are not limited to: timely identifying, investigating, and completing appropriate follow-up on suspicious and fraudulent activities in compliance with applicable regulations and policies; actively participating in the development and implementation of organizational fraud prevention strategies; and promoting a culture of fraud prevention awareness across the credit union.

Other duties may be assigned as needed.

Organizational Relationships

The Fraud Specialist reports to the Director of Enterprise Risk Management & Compliance. They also work collaboratively with other credit union employees, members, and law enforcement and/or regulatory authorities as necessary.

Duties and Responsibilities Timely identifies, investigates, and completes appropriate follow-up on suspicious and fraudulent activities in compliance with applicable regulations and policies.

Reviews and analyzes account transactions and reports to detect suspicious activity.
Reviews and documents unusual activity related to wires, unauthorized activities and potential identity theft.
Handles outreach from members regarding fraud and identity theft, providing accurate and professional assistance.
Coordinates the recovery of losses due to fraudulent activity.
Collaborates with various departments to ensure timely resolution of fraud incidents.
Works with authorities as needed regarding fraud cases.
Logs cases regarding fraudulent activity, providing clear, applicable, and accurate documentation.

Actively participates in the development and implementation of MEFCU fraud prevention strategies and promotes a culture of fraud prevention awareness across the credit union.

Collaborates with all credit union departments to ensure effective fraud risk identification, assessment, and mitigation; including the development of action plans to manage and mitigate fraud risks.
Works with various departments (i.e. collections, accounting, cards) in the timely identification, management and enforcement procedures for at-risk accounts.
Assists with credit union employee training and member education regarding fraud detection and prevention.

Education and Experience Requirements

An Associate degree AND at least one year of experience working in a financial institution.

A high school diploma and two years of experience working in a financial institution.

An equivalent combination of education and experience sufficient to successfully perform the essential duties of the position may be considered.

Desirable Qualifications

Fraud related certification

Knowledge, Skills, and Abilities

Employees in this position are expected to possess and demonstrate the following knowledge, skills, and abilities throughout their employment:

Knowledge of: various functional areas of…