Financial Fraud Analyst Team Lead

Position Title

Financial Fraud Analyst Team Lead

Non-Exempt

Corporate Security and Fraud Prevention Officer

Role involves analyzing data, monitoring transactions, and scrutinizing discrepancies to detect and prevent fraud. The Fraud Analyst Team Lead helps develop strategies and systems to mitigate fraud risks when collaborating with departments such as finance, compliance, and security. The position demands a keen eye for detail, strong analytical abilities, and a proactive approach to addressing emerging fraud trends swiftly and effectively.

Responsible for assisting the Fraud Prevention, Corporate Security Officer with compliance monitoring reviews and other special projects to measure and understand the state of regulatory compliance for the organization. Ensure that such compliance is handled in accordance with overall Bank business objectives, goals and regulatory requirements. Work with the Financial Fraud Team to develop their skill set, oversee their tasks, and assist with training.

• Analyzes transaction data and account activity to detect patterns or inconsistencies indicative of fraudulent behavior within Verafin.
• Monitors and investigates suspicious transactions, flagging potentially fraudulent accounts for further review in Verafin.
• Collaborates with front‑line personnel, wire department, debit card department, and other teams to gather necessary information and resolve fraud cases.
• Develops and implements fraud detection strategies, tools, and systems to minimize risk exposure across the Bank.
• Conducts thorough investigations into suspected fraud, including reviewing documentation, conducting interviews, and coordinating with law enforcement when necessary.
• Compiles comprehensive reports on findings, trends, and patterns of fraudulent activity for senior management.
• Creates, reviews and updates fraud detection policies and procedures to ensure they remain effective and aligned with industry standards.
• Partners with third‑party vendors, banks, and financial institutions to investigate and resolve fraud‑related issues.
• Stays informed on industry trends, emerging fraud tactics, and regulatory changes to address and mitigate fraud risks proactively. Create reporting on these trends for senior management.
• Assists in audits and compliance assessments to ensure adherence to fraud prevention and detection regulations.
• Assists the Corporate Security & Fraud Prevention Officer with approving timecards and paid time off requests.
• Develops, gathers, and tracks the team’s performance using data and metrics to tell the story and show the value the team provides to the organization.
• Leads, coaches, mentors, and champions team members to grow in their careers.
• Clearly defines and communicates the prioritization of the day‑to‑day workload for the team.
• Ensures that the team’s output meets data quality standards and coaches team members in this area as needed.
• Performs root cause analysis (RCA) following events and partner with key stakeholders to ensure necessary controls are in place.
• Leverages and enhances existing tools and processes to enable a more effective user‑based threat detection and investigation program.
• Assists team with daily functions that include, Verafin fraud alerts, mobile deposits, ATM deposits, Positive Pay reports, affidavits, watch suspect list, large dollar review, and external transfers.
• Creates and monitors fraud case files for the team to ensure they are completed correctly and timely.
• Escalates complex cases to the BSA Team for SAIR review and filing.
• Responds to inquiries received from branch/department personnel bank‑wide, clients, and non‑clients, Corporate Security, and other financial institutions.
• Assists in the recovery of losses by determining actions to be taken to include without entry claim processing.
• Reviews evidence to conclude that an account must be closed or that suspicious activity does not represent a risk to the Bank.
• Investigates a wide variety of issues and requests to include gathering additional information, contacting other Bank departments and branch offices, and working with personnel at all levels.
• Assists…