Fraud Investigator II

Salal Credit Union; Seattle (WA); Remote; USD 40,460 - 56,646; Full time

Benefits offered by this job

Competitive salary

Profit-sharing bonus

Health, dental, and vision insurance

Generous paid time off

401(k) plan with company match

Monthly transportation subsidy

Job summary

A financial institution is seeking a Fraud Investigator II to safeguard members from financial crime. This remote position requires strong analytical and investigative skills. Candidates should have over three years of banking experience and two years in fraud or financial crimes. Responsibilities include evaluating fraud alerts, documenting cases, investigating high-risk scenarios, and conducting training on recognizing financial crimes. Competitive salary and comprehensive benefits are offered, with a focus on employee growth and community service.

Qualifications

• 3+ years of experience in banking.
• 2+ years in fraud, loss mitigation, or financial crimes.
• Strong analytical thinking and investigative skills.

Responsibilities

• Evaluate fraud alerts and analyze transactional data.
• Document fraud cases for trend analysis.
• Investigate high-risk fraud scenarios.
• Work with members on unauthorized activity.
• Develop and deliver training on financial crimes.

Skills

Experience in banking

Fraud investigation

Analytical thinking

Understanding of fraud typologies

Tools

Verafin

Symitar

Job description

Fraud Investigator II

Salal Credit Union is seeking a Fraud Investigator II to play a vital role in safeguarding our members and organization from financial crime. In this impactful position, you'll dive deep into fraud investigations, uncover suspicious activity, and help shape stronger policies and controls to reduce risk.

This is a remote position, offering flexibility to work from home. However, preference will be given to candidates located in the Seattle area.

Key Qualifications

• 3+ years of experience in banking.
• 2+ years in fraud, loss mitigation, or financial crimes.
• Experience using Verafin and/or Symitar is desired.
• Understanding of various fraud typologies, compliance and regulations.
• Strong analytical thinking and investigative skills.

Key Responsibilities

Evaluate fraud alerts and conduct thorough reviews of transactional data and activity patterns to detect and mitigate potential fraudulent or suspicious activity.

Accurately document fraud cases in the case management system to support trend analysis, link analysis, and potential law enforcement referrals.

Actively investigate high‑risk fraud scenarios, including coordinated fraud attempts and fraud rings, using advanced tools and investigative techniques.

Work directly with members and internal teams to identify, investigate, and resolve unauthorized activity across various financial channels.

Assist in developing and delivering training and educational materials to employees and members on recognizing and responding to financial crimes.

• Provide guidance, coaching, and support to other fraud staff to build investigative skills and ensure consistency in case handling.

Compensation and Benefits

• Competitive base salary of $29.37 - $41.12 per hour, typical starting offer $33.50 - $36.40 per hour.
• Eligible for the employee tier of our profit‑sharing bonus program with annual payouts up to 8% of annual salary.
• Comprehensive health, dental, and vision insurance.
• Generous paid time off: vacation, sick, personal holidays, and federal holidays.
• 401(k) plan with pre‑tax and post‑tax (Roth) options, company match after 6 months.
• Charitable contribution matching.
• Monthly transportation subsidy for qualifying employees.
• Additional voluntary benefits.

Additional benefit details can be found here: https://salalcu.applicantpro.com/pages/benefits/

Equal Employment Opportunity

Salal Credit Union strives to maintain a work environment free from discrimination where employees are treated with dignity and respect. All employees contribute to the Credit Union's commitment to equal employment opportunity. Salal Credit Union does not discriminate on the basis of race, sex, gender identity, religion/creed, pregnancy, age, physical or mental disability, size or shape, marital status, national origin, genetics/genetic markers, military or veteran status, sexual orientation or any other characteristic protected by applicable laws. We adhere to these principles in all aspects of employment, including recruitment, hiring, placement, compensation, benefits, promotion, and discipline. We believe that by adhering to these policies we can cultivate a welcoming environment by embracing each individual's identities and abilities.

About Salal Credit Union

Salal was founded in Seattle in 1948 as a not‑for‑profit financial institution to exclusively serve Group Health employees. When our charter opened in 2003, our services expanded to allow anyone who lives and works in Washington State to become a member. We have helped thousands of members manage their money by making bold, measured decisions to offer the right products to each person. Our mission is to break down financial barriers for the innovators in our community by offering good rates, low fees, and dedicated personal services. Beyond that, we are committed to giving 5% of our annual income to help people and causes in the communities we serve, because we know that many small actions, when added together, can make big impacts.

Helping our employees build and achieve their career goals is equally as important to us, and we are dedicated to fostering a positive work environment in which they can thrive. We strongly prioritize their growth and development as well as their impact to the community so we can be an institution that our employees are proud to be a part of.

To request reasonable accommodation in order to complete your application or need this job announcement in an alternative format, contact the Talent Acquisition Team at [e-mail]. If you do not have internet access, you may visit your local public library or any WorkSource location and use their computers.

Salal Credit Union participates in E‑Verify.