Fraud Analyst

Bank of Bird-in-Hand; Paradise (PA); On-site; USD 65,000 - 90,000; Full time

Job summary

Bank of Bird-in-Hand is seeking a Fraud Analyst to help develop and maintain fraud policies and procedures. You will analyze financial data, review alerts, and investigate transactions to uncover potentially fraudulent activity.

The role requires 3 years of banking experience with fraud/loss prevention preferred, a high school diploma, and fraud certification or the ability to obtain it within two years. Verafin experience is a plus and EEO policy is included.

Qualifications

• Minimum of 3 years banking experience, with 2 years in fraud/loss prevention preferred.
• High school diploma or equivalent.
• Fraud certification (CFE/CFCS) or the ability to obtain within two years.
• Basic understanding of regulatory requirements: BSA, UCC, Reg CC, Reg E, GLBA.
• Experience with fraud detection software; Verafin is a plus.

Responsibilities

• Collect and analyze large volumes of financial data for potential fraud.
• Recognize patterns of fraud and suggest detection methods.
• Report fraudulent activity with supporting documentation to supervisors.
• Investigate suspected deposit fraud and related transactions.
• Collaborate with internal/external contacts to gather documentation.
• Notify account holders and communicate progress on fraudulent activity.
• Review new/existing accounts for signs of fraud.
• Assess mobile/ATM deposits for risk and take preventive actions.
• Perform other duties as required.

Skills

Data analysis

Fraud detection

Pattern recognition

Education

High school diploma

Fraud certification (CFE/CFCS)

Tools

Verafin

BSA software

Job description

We are seeking a Fraud Analyst to join our team! This role will be responsible for assisting with the development and maintenance of fraud policies and procedures. This individual will analyze and review a broad range of financial data, including alerts, transactions, transfers, and payments to uncover potentially fraudulent activity. It is a wonderful opportunity to help protect the bank and its customers.

Essential Duties

• Collect and analyze large volumes of financial data for potential fraud using reports, systems and software available.
• Recognize patterns of fraud and suggest new methods of detection, mitigation, and prevention.
• Report fraudulent activity and provide supporting documentation to supervisors for investigation purposes.
• Perform a variety of complex and specialized tasks associated with identifying suspected deposit fraud, counterfeit checks, and other potential fraud related transactions.
• Work directly with both internal and external contacts, and/or other banks researching, investigating and collecting documentation.
• Send appropriate required notices to account holders with fraudulent activity and/or make phone calls to communicate the progress.
• Review new and existing accounts for signs of potential fraud.
• Review mobile, ATM, and other incoming deposits to determine whether preventive measures are warranted based on account risk and activity. Make outbound calls, when necessary, place holds and recommend closure if appropriate.
• Perform other duties as required.

Experience

• Minimum of 3 years' banking experience (required) with 2 years in fraud/loss prevention preferred.
• High school diploma or equivalent.
• Fraud certification (such as CFE, CFCS, etc) or the ability to obtain within two years.
• Basic understanding of certain regulatory requirements associated with fraud mitigation activities, such as Bank Secrecy Act, Uniform Commercial Code, Regulation CC, Regulation E, Gram-Leach-Bliley.
• Experience with fraud detection and BSA software and tools. Experience with Verafin a plus.

Benefits

• Competitive Medical, Dental, Vision Coverage
• 401(k) Retirement Plan
• Company Paid Life, STD, and LTD
• Health Savings Account (HSA) & Flexible Spending Account (FSA)
• Paid Time Off (PTO), Volunteer Time Off (VTO), and Birthday PTO
• 12 Paid Holidays
• Tuition Reimbursement
• Company Events and Picnics

Equal Opportunity Employer

No employee or applicant for employment will be discriminated against because of race, color, religion, creed, sex, pregnancy, national origin, ancestry, age, physical or mental disability, genetic information, military, and/or veteran status, or any other Federal or State legally protected classes.