Fraud and Risk Analyst

Vermont Federal Credit Union values each individual and their unique abilities and strengths to help form the foundation of Vermont Federal’s culture. Our employees are at the core of Vermont Federal and we strive to make that a priority every day. As an organization, our stated Purpose is to help Vermonters prosper, no matter where they may be on life’s journey.

Every employee at Vermont Federal Credit Union contributes in their own way to achieve this goal and is set up for success in a fun, supportive, and collaborative environment. We are looking for friendly, self-motivated individuals who enjoy helping people, have strong communication skills, are detail-oriented, and enjoy working as part of a team. If you are interested in a career in the financial service industry and want to make a difference in your community, we want you to be part of our team.

Please visit our website for full details of our very competitive benefits program.

Vermont Federal Credit Union is recruiting for a Fraud and Risk Analyst out of our Kennedy Drive Location.

This role serves as a fraud analyst/coordinator, assists the BSA program in the investigation and filing of SARs/CTRs, and aids in the coordination of risk reporting materials & associated risk dashboard maintenance. Additionally, the role supports special projects within the Risk & Compliance team.

Hourly Range: $25.42 - $38.13

Job Description:

• Primary duty as the Fraud Analyst. In this capacity the position will review and analyze system generated reports / alerts for suspicious activity. The position will conduct research & analysis of member accounts, transactions and activities to identify potential fraud (e.g. account compromise, victim of a scam, or suspicious activity). The individual will reach out to members who are potential fraud victims to verify transactions, educate members regarding fraud risks, and take appropriate action to secure accounts when warranted.
  
  The role maintains information within the case management system and ensures timely updates. Coordinates communication with branches, Card Services, Contact Center, etc. The position will be expected to conduct branch visits to support fraud training and awareness initiatives. The individual will assist with fraud reporting, trend analysis, external fraud monitoring, and make recommendations to strengthen controls and reduce losses.
• Supports the BSA/AML Program Lead with the investigation and processing of SARs / CTRs. Investigates and assesses BSA/AML alerts relating to potential money laundering, structuring, elderly abuse, and other risks to the organization. Provides efficient identification, monitoring, and recording of activities and transactions considered suspicious in support of the overall BSA program including maintaining documentation within the BSA system and the case management system.
• Works directly with the VP of Risk & Compliance and other functional leaders to assemble risk reporting metrics. This may involve working on vendor management, business continuity or other Enterprise Risk Management functions and committees.
• Participates in Risk & Compliance team projects as needed.

Requirements:

• One year to three years of similar or related experience.
• A high school education or GED.
• Work independently while collaborating effectively with cross-functional teams.
• Strong interpersonal skills, confidentiality, and discretion requiring diplomacy and tact in communication.

Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Vermont Federal Credit Union we are dedicated to building a diverse, inclusive and authentic workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways.

You may be just the right candidate for this or other roles.

Equal Opportunity Employer
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For further information, please review the Know Your Rights notice from the Department of Labor.