Senior Internal Fraud Investigator

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Regular Full-Time Professional Hybrid

4 days ago Requisition

Salary Range: $87,500.00 To $ Annually

At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.

Be New York's most loved financial institution by helping our members build their best financial futures

The Senior Fraud Investigator leads complex financial crime investigations, using intelligence, data analysis, and industry best practices to prevent fraud, reduce losses, strengthen controls, and advance the organization’s fraud risk strategy through collaboration with internal and external partners.

Specific duties include, but are not limited to, the following:

• Investigate a wide range of fraud typologies, including but limited to; check fraud, ACH and wire fraud, identity theft, account takeover, new account fraud, loan fraud, ATM fraud, counterfeit and altered items, forged instruments, kiting schemes, and other emerging financial crime threats.
• Review and analyze employee transactional data, system logs, audit logs and other internal custom reports to identify irregularities, fraudulent behavior, and policy violations.
• Conduct confidential investigations into suspected internal fraud, theft, embezzlement, conflict of interest, data manipulation, misuse of company resources, etc.
• Support whistle blower case intake, triage, and investigation in accordance with strict confidentiality requirements.
• Interview relevant parties including members, employees, and external third parties to gather, verify and document information relevant to investigations.
• Collaborate with financial institutions, law enforcement agencies, and industry partners to validate fraudulent activity, identify linked actors, and share intelligence regarding emerging threats.
• Prepare thorough, accurate, and well-documented investigative reports that clearly summarize findings, evidence, actions taken, and case outcomes.
• Gather and preserve and maintain evidence in accordance with legal, regulatory, and organizational requirements to support investigations, regulatory inquiries, and potential legal proceedings.
• Communicate with members, branch personnel, and other stakeholders regarding fraud claims and investigative matters.
• Apprise Financial Crimes & Intelligence leadership of complex, high-risk or potentially significant cases.
• Provide testimony as a fact or expert witness in criminal, civil, administrative, or regulatory proceedings as needed.

• Ensure compliance with applicable laws, regulations, and internal policies, including BSA/AML, Regulation CC, and other financial crime-related requirements.
• Complete accurate and timely Suspicious Activity Reports (SARs), to include a comprehensive narrative fully describing the alleged fraudulent activity in accordance with FinCEN requirements and Financial Crimes & Intelligence standards.
• Review SAR filings to ensure accuracy, completeness, consistency, and regulatory compliance.
• Coordinate with local, state, and federal law enforcement agencies by referring cases for investigative support, loss recovery efforts, and potential prosecution.
• Promote consistency, quality, and regulatory compliance across Financial Crimes & Intelligence operations through adherence to established policies, procedures, and best practices.
• Ensure and maintain complete, accurate, and audit-ready investigative records and documentation in accordance with regulatory, legal, and organizational requirements.

• Analyze fraud trends, typologies, loss data, and emerging threats to identify risks and develop proactive fraud prevention strategies.
• Recommend corrective actions, policy enhancements and process improvements based on investigative findings and root cause analysis.
• Identify internal control gaps, procedural weaknesses and operational vulnerabilities that may contribute to…