Fraud Investigation & Loss Prevention Specialist

Georgia's Own Credit Union; Georgia; On-site; USD 65,000 - 90,000; Full time

Job summary

Georgia’s Own Credit Union seeks a Fraud Investigations Specialist to handle investigations into fraudulent transactions, validate member identities, and monitor for high-risk activity that could expose the credit union to financial and regulatory risk.

You will review transactional data, document findings for law enforcement, file SARs under BSA/AML, coordinate with law enforcement, and help recover funds while ensuring OFAC compliance and adherence to SAFE Act/NMLS requirements.

Qualifications

• Bachelor’s degree in Finance, Accounting or Business Administration is desired; or the equivalent combination of education and experience
• Minimum of three years’ experience in BSA compliance or handling fraud investigations and inquiries preferred
• Proficiency with Microsoft Outlook, Word, Excel and PowerPoint
• Professional certifications highly desired: BSACS, CFCI or CFE

Responsibilities

• Conduct and coordinate reviews of transactional information to detect fraudulent activity.
• Develop and implement methods of detecting financial fraud via suspicious patterns.
• Address member inquiries regarding suspicious transitions and determine if an investigation should be opened.
• Identify the nature of the crime, perpetrators and methods, documenting findings for law enforcement.
• Maintain compliance with policies and laws related to account management and fraud; file SARs under BSA/AML; coordinate with law enforcement when appropriate.
• Coordinate recovery of money lost due to fraud using appropriate means.
• Develop/update risk management plans to reduce fraud losses and implement countermeasures.
• Review new account and loan applications to ensure documentation and OFAC checks are in place.
• Ensure timely response to law enforcement regarding subpoenas; prepare reports and monitor check holds.
• Work reports in Verafin, BioCatch, Payrailz (watch lists, red flags, P2P, A2A, bill pay, stolen checks).
• Performs other duties as assigned.

Skills

Fraud investigations experience

Analytical thinking

Attention to detail

Confidentiality

Written and verbal communication

Education

Bachelor’s degree in Finance, Accounting or Business Administration

BSACS – Bank Secrecy Act Compliance Specialist (or equivalent)

CFCI – Certified Financial Crimes Investigator

CFE – Certified Fraud Examiner

Tools

Microsoft Outlook

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Job description

Georgia’s Own Credit Union seeks a Fraud Investigations Specialist to handle investigations into fraudulent transactions, validate member identities, and monitor for high-risk activity that could expose the credit union to financial and regulatory risk.

You will review transactional data, document findings for law enforcement, file SARs under BSA/AML, coordinate with law enforcement, and help recover funds while ensuring OFAC compliance and adherence to SAFE Act/NMLS requirements.