Fraud Investigator II - Banking & Risk

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

Benefits offered by this job

Competitive pay

Benefits package

Paid time off

Professional development

Volunteer time

Donation match

Job summary

Alerus Financial is seeking a Fraud Analyst II to join a cohesive team focused on protecting assets. You will review transactions for fraud, interview victims and suspects, and prepare case summaries. The role requires exercising sound judgment and confidentiality under guidance from the Fraud Manager.

The position offers opportunities to escalate actions, develop fraud prevention processes, and work with various departments and law enforcement to maintain security and compliance.

Qualifications

• Associate degree or equivalent required; 2-5 years related financial industry experience.
• 2-3 years of Fraud or BSA/AML experience.
• Prior banking or financial services experience.
• Investigative and research skills using various systems.
• Attention to detail and strong analytical abilities.

Responsibilities

• Identify and investigate various types of fraud (check, deposit, ACH, wire, new account, online account takeover, debit card, P2P).
• Escalate recommendations for account actions to senior staff and maintain investigation records.
• Work with internal/external departments, law enforcement, and customers; identify SARs and assist in their completion.
• Develop relationships with internal clients 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 and compliance regulations.

Skills

Investigative skills

Research skills

Analytical skills

Attention to detail

Education

Associate degree

Job description

Alerus Financial is seeking a Fraud Analyst II to join a cohesive team focused on protecting assets. You will review transactions for fraud, interview victims and suspects, and prepare case summaries. The role requires exercising sound judgment and confidentiality under guidance from the Fraud Manager.

The position offers opportunities to escalate actions, develop fraud prevention processes, and work with various departments and law enforcement to maintain security and compliance.