Fraud Risk Analyst; Bank) Req

Fraud-Risk Analyst

Responsible for assisting with the bank's fraud prevention, risk management and BSA programs. This role plays a key part in mitigating risk and implementing fraud prevention programs.

Fraud

• Monitor transactions and account activity to identify suspicious patterns or anomalies.
• Investigate potential fraud cases including, but not limited to, identity theft, account takeover, check fraud, wire fraud, and card fraud.
• Complete outbound communication with customers associated with fraud cases as part of fraud investigations.
• Analyze data from internal systems and external sources to assess risk and recommend mitigation strategies.
• Collaborate with internal departments (e.g., Compliance, Deposit Ops, Customer Care, etc.) to resolve fraud cases.
• Prepare detailed reports and documentation for fraud investigations and regulatory compliance.
• Assist in the development and refinement of fraud detection tools and processes.
• Stay current with fraud trends, schemes, and regulatory changes affecting the banking industry.
• Support law enforcement and regulatory inquiries as needed.
• Provide back-up support to the Bank's BSA/Security department.
• Complete other duties as assigned.

Risk

• Conduct regular and ad-hoc risk assessments across the Bank, working with business units to identify potential compliance, operational, and reputational risks.
• Monitor and assess compliance with applicable banking regulations, internal policies, and legal requirements affecting deposit accounts, and report results to the Bank's Compliance Officer.
• Support the design of controls and internal monitoring routines within the Bank's line of business.
• Develop and maintain the Bank's risk and control documentation, including risk and control self- assessments, issue logs, and action plans.
• Analyze and report on risk indicators, control gaps, risk events, and operational losses to business stakeholders and the second line of defense Enterprise Risk Management team.
• Act as the Bank's point of contact for information requests from Enterprise Risk Management in connection with internal audits and exams.
• Complete other duties as assigned.

Knowledge,

Skills and Abilities

for the Fraud/Risk Analyst:

• Bachelor's degree in business, Finance, Risk Management, or a related field.
• 3-5 years of experience in banking fraud prevention and risk management.
• Knowledge of relevant banking laws and regulations.
• Experience with risk frameworks such as risk and control assessments, issue/complaint management, and control testing.
• Ability to interact with all levels of management
• Excellent analytical, organizational, and communication skills with attention to detail.
• Ability to work cross-functionally and manage multiple priorities in a fast-paced environment.
• Previous experience with Verafin or other similar fraud platforms.
• Professional certifications such as CFE, CERP, CRCM, or CRMA are a plus.
• Effective interpersonal and communication skills