Fraud Investigation & Risk Analyst II

Alerus; Fargo (ND); On-site; USD 30,000 - 41,000; Full time

Job summary

Alerus is hiring a Fraud Analyst II to join our risk and compliance team in Fargo. You will review transactions for potential fraud, interview involved parties, and determine facts to support case dispositions.

You will prepare case summaries and SARs as required, while upholding confidentiality and exercising sound judgment under supervision. The role emphasizes collaboration with internal partners, ongoing training, and staying current with regulatory requirements to protect client assets and

Qualifications

• Associate degree or equivalent combination of education and/or 2-5 years related financial industry experience.
• 2-3 years of previous Fraud or BSA/AML experience.
• Possesses investigative and research skills using various systems.
• Attention to detail, as well as excellent analytical skills to identify suspicious and/or fraudulent activity.

Responsibilities

• Identify and investigate various types of fraud (e.g., check, deposit, ACH, wire, new account, online account takeover, debit card, P2P) and interview involved parties.
• Escalate recommendations for account actions to senior staff, keep detailed investigation records, and handle callbacks regarding ACH and wire alerts.
• Work with internal/external departments, law enforcement, and customers; identify activities requiring Suspicious Activity Reports (SAR) and assist in their completion.
• Develop relationships with internal clients, recommend fraud prevention improvements, and communicate fraud patterns to management.
• Provide primary and backup coverage for fraud and maintain written procedures.
• Provide one-on-one training for specialized processes and participate in team meetings.
• Attend mandatory training, stay updated on systems, pursue ongoing education, and maintain knowledge of compliance regulations.

Skills

Investigative skills

Analytical skills

Attention to detail

Education

Associate degree

Job description

Alerus is hiring a Fraud Analyst II to join our risk and compliance team in Fargo. You will review transactions for potential fraud, interview involved parties, and determine facts to support case dispositions.

You will prepare case summaries and SARs as required, while upholding confidentiality and exercising sound judgment under supervision. The role emphasizes collaboration with internal partners, ongoing training, and staying current with regulatory requirements to protect client assets and