Fraud Management Specialist

INSPYR Solutions; Merrifield (VA); Hybrid; USD 100,289,000 - 120,347,000; Full time

Benefits offered by this job

Comprehensive medical benefits

Competitive pay

401(k) retirement plan

Job summary

INSPYR Solutions is seeking a Fraud Management Specialist to assist business units in developing and enforcing fraud policies and processes. The role focuses on improving fraud detection systems, monitoring cases, and coordinating cross-functional efforts across Security and business units.

The position requires knowledge of fraud patterns, regulatory awareness, and strong analytical skills to support incident response and training efforts.

Qualifications

• Bachelor’s degree in Business, Finance, or related field.
• Basic word processing and spreadsheet software skills.
• Effective verbal and written communication skills; basic database and presentation software skills.
• Ability to work independently and in a team environment.
• Familiarity with data querying, reporting, forecasting, analysis and operations research.
• Familiarity with credit union operations/processes and procedures.
• Exposure to working with depository and lending institutions.
• Familiarity with NCUA regulations that govern the activities, products and services of the business unit.
• Advanced knowledge of client's functions, philosophy, operations and organizational objectives.

Responsibilities

• Identify patterns of activity indicating possible fraud or account abuse
• Monitor member account transactions to proactively identify fraudulent activity and elevate alerts/cases
• Manage the review/analysis of potential fraud and forgery cases
• Track and monitor progress of fraud cases; inform related parties of status and actions
• Communicate with internal and external customers on fraud and security issues
• Identify opportunities for new/improved processes, data, or technology and assess outcomes
• Serve as subject matter expert on fraud trends
• Support projects related to fraud detection, prevention or root cause analysis
• Collect, prepare and maintain data for analysis, reports and reference
• Establish incident response standards and training requirements
• Provide or coordinate training on change/release management processes
• Collaborate with client’s business areas to understand processes and identify risk

Skills

Verbal and written communication

Independent and team work

Analytical thinking

Problem solving

Data querying and reporting

Banking/fraud domain knowledge

Regulatory awareness (NCUA)

Education

Bachelor’s degree in Business, Finance, or related field

Job description

Fraud Management Specialist

Location: Pensacola, FL and Vienna, VA or Winchester, VA (HYBRID)

Duration: Initial 6-month duration with possible extensions

Compensation: $35.00/hour - $42.00/hour

Work Requirements: US Citizen, GC Holders or Authorized to Work in the U.S.

To assist business unit management in establishing effective department policies, processes, standards, and reporting to balance department goals against financial fraud. Provide recommendations to create, improve and implement effective fraud policies, procedures, and changes to current fraud detection systems and methods. Ensure timely, effective processing and resolution of fraud case management. Build cross functional collaboration and partnerships with business units and Security to ensure solutions and analysis align with strategic business initiatives and achieve desired objectives. Identify training needs for department staff. Work on fraudulent activity issues requiring working knowledge of organizational objectives and priorities. Work under supervision.

Responsibilities

• Identify patterns of activity indicating possible fraud or account abuse
• Monitor member account transactions to proactively identify fraudulent activity, suspicious communications, take immediate corrective/protective action, and elevate alerts/cases to the appropriate Security division for in depth investigation
• Manage the review/analysis of potential fraud and forgery cases prior to submission to Security
• Track and monitor progress of fraud cases; inform related parties of status and actions taken on fraud accounts
• Communicate with internal and external customers on fraud and security issues, problem resolution, and account information as defined by internal policies, process and procedure
• Identify and analyze opportunities for new and/or improved processes, data, or technology; provide clear picture of possible outcomes
• Serve as subject matter expert concerning fraud trends
• Support projects related to fraud detection, prevention or root cause analysis
• Collect, prepare and maintain data for analysis, reports and reference
• Establish incident response standards, related training requirements, and processes and procedures to ensure quality response to various forms of security issues (e.g., fraud) and resolve/achieve maximum protection of members and assets
• Provide or coordinate training to users regarding change/release management processes and procedures; document and communicate updates
• Collaborate with client's business areas to gain an understanding and impact of transactions process and procedures on other process and procedures, and identify risk potential for fraudulent activity

Qualifications

• Bachelor’s degree in Business, Finance, or related field
• Basic word processing and spreadsheet software skills
• Effective verbal and written communication skills Basic database and presentation software skills
• Basic skill exercising initiative and using good judgment to make sound decisions
• Ability to work independently and in a team environment
• Familiarity with managing multiple priorities independently and/or in a team environment to achieve goals
• Effective organizational, planning and time management skills
• Basic research, analytical, and problem solving skills
• Basic skill interpreting and synthesizing large amounts of information
• Effective skill following, interpreting and applying relevant data/instructions to guidelines, procedures, practices and regulations
• Familiarity with data querying, reporting, forecasting, analysis and operations research, including statistical methods and modeling
• Familiarity with credit union operations/processes and procedures
• Exposure to working with/for depository and lending institutions
• Basic skill analyzing business operations
• Familiarity with NCUA regulations that govern the activities, products and services of the business unit
• Familiarity with client's policies, instructions and regulations related to investigating fraud cases
• Familiarity with products, services, processes, requirements, and systems related to the business unit
• Exposure to working with leadership and management in diverse and complex operational environments
• Advanced knowledge of client's functions, philosophy, operations and organizational objectives

Our benefits package includes:

• Comprehensive medical benefits
• Competitive pay
• 401(k) retirement plan
• …and much more!

About INSPYR Solutions

Technology is our focus and quality is our commitment. As a national expert in delivering flexible technology and talent solutions, we strategically align industry and technical expertise with our clients’ business objectives and cultural needs. Our solutions are tailored to each client and include a wide variety of professional services, project, and talent solutions. By always striving for excellence and focusing on the human aspect of our business, we work seamlessly with our talent and clients to match the right solutions to the right opportunities. Learn more about us at inspyrsolutions.com.

INSPYR Solutions provides Equal Employment Opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, or any other protected status. INSPYR Solutions complies with all applicable laws governing nondiscrimination in employment in every location in which the company has facilities. Applicants requiring reasonable accommodation during the application or interview process should contact [e-mail] for assistance.