Fraud Prevention Analyst (Irvine, CA)

Mechanics Bank; United States; On-site; USD 32,000 - 41,000; Full time

Benefits offered by this job

Medical, prescription, dental, and vis

Employer paid EAP, Life Insurance, AD&

401(k) and Roth 401(k) with company

Paid holidays

Sick days

Paid vacation days

Volunteer time

Free personal checking

Job summary

Mechanics Bank is seeking a Fraud Prevention Analyst to join our on-site team. You will research account activity, assess risk levels, and monitor On Us checks, deposits, large wire transfers, and ACH transactions to mitigate losses while protecting customer satisfaction.

Ideal candidates have a High School diploma or GED with 1–3 years of banking operations experience and knowledge of investigative procedures and fraud detection software.

Qualifications

• High School or GED required.
• 2 Year / Associate Degree or equivalent experience preferred.
• 1 Year related banking operations experience required.
• 3 Years related banking operations experience preferred.
• Knowledge of investigative procedures and processes.
• Knowledge of banking standards, practices and procedures.
• Ability to utilize fraud detection software.

Responsibilities

• Researches potential fraud and communicates possible solutions.
• Verify potential fraud On Us Checks, Deposit and ACH as identified in the Bank’s Fraud Detection System identifies high risk transactions with customer and/or business portfolios.
• Communicates fraudulent transactions with Management.
• Notify branch operations on any questionable items to obtain approval.
• Review and identify any unusual or suspicious activity to determine any potential losses.
• Monitors customer and transactional records to identify unauthorized transactions and fraudulent accounts.
• Ensure confidentiality of all information collected during investigations.
• Maintain all Fraud Logs up to date for management and accounting purposes.
• Track and retain return data for future reference and reporting.
• Interacts with the bank and customers to validate information and confirm or cancel authorizations.

Skills

Fraud detection

Banking operations

Investigative procedures

Fraud detection software

On Us checks

Education

High School diploma

Associate degree

Tools

Fraud detection system

Banking software

Job description

Mechanics Bank is currently searching for a Fraud Prevention Analyst to join our team. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This role will be working on-site. The Fraud Prevention Analyst researches account activity to assess the risk level to ensure customer satisfaction. This position is responsible for performing fraud monitoring related to the analysis of, in-clearing and internal On Us Checks, Deposits, Large Wire Transfers review and ACH transactions. Ensuring that all suspicious activity is reviewed in a timely manner to mitigate any potential risks.

What you will do:

• Researches potential fraud and communicates possible solutions.
• Verify potential fraud On Us Checks, Deposit and ACH as identified in the Bank’s Fraud Detection System identifies high risk transactions with customer and/or business portfolios.
• Communicates fraudulent transactions with Management.
• Notify branch operations on any questionable items to obtain approval.
• Review and identify any unusual or suspicious activity to determine any potential losses.
• Monitors customer and transactional records to identify unauthorized transactions and fraudulent accounts.
• Ensure confidentiality of all information collected during investigations.
• Maintain all Fraud Logs up to date for management and accounting purposes.
• Track and retain return data for future reference and reporting.
• Interacts with the bank and customers to validate information and confirm or cancel authorizations.

Who you are:

• High School or GED required.
• 2 Year / Associate Degree or equivalent experience preferred.
• Additional experience may be considered in lieu of degree.
• 1 Year related banking operations experience required.
• 3 Years related banking operations experience preferred.
• Knowledge of investigative procedures and processes.
• Knowledge of banking standards, practices and procedures.
• Ability to utilize fraud detection software.

ADA Requirements:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls. The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision. The noise level in the work environment is usually moderate.

Pay Range:

$23.25 - $30.00 hourly AIP Bonus up to 5%

Benefits:

• Medical, prescription, dental, and vision coverage for employees and their eligible family members
• Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
• Health Savings Account with employer contribution
• Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit
• 401(k) and Roth 401(k) with company contribution
• 529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program
• Supplemental Health plans, Voluntary Legal and Identity Theft Services
• 11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year
• Free personal checking and savings account
• Discounted rates on primary residence loan with $0 origination fees (restrictions apply)

Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire.

Final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.

Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law. Please view Equal Employment Opportunity Posters provided by OFCCP here.

To learn more about Mechanics Bank’s California privacy and security policies, including your right to a Notice At Collection as a California Resident, please visit California Privacy Policy for Prospective Employees | Mechanics Bank [1]

The benefits listed in this job posting reflect the Bank’s most reasonable and genuinely expected benefits offered for this position.

About Mechanics Bank Backed by exceptional capital strength and substantial assets, we are a resilient and resourceful California bank whose core banking and lending principles reflect that of a community bank. For over a century, it has been our foremost commitment to exceed our clients’ expectations every day. With a footprint spanning the state of California, we serve individuals, small and middle-market businesses, and large corporations with a full range of banking, wealth management and other financial products and services. Our leaders bring diverse backgrounds and experience, and work together to deliver for our clients by embracing a culture that values accountability, teamwork and celebrating success. Our collaborative culture fuels the Bank’s ongoing achievements, allowing us to grow and make a genuine difference in the communities we serve. We also strive to ensure that all employees feel respected and valued based on who they are. When we harness the power of our differences, we achieve more together. Learn about our History & Heritage Learn about our Strength & Stability Learn about our Community Commitment Mechanics Bank is a Member FDIC and Equal Housing Lender.