Fraud Prevention Analyst Lead

Mechanics Bank; Irvine (CA); On-site; USD 34,000 - 45,000; Full time

Benefits offered by this job

Health benefits

Health Savings Account

401(k) and Roth 401(k) with companycon

Tuition Reimbursement Program

Paid holidays

Paid vacation days

Volunteer time

Free personal checking and savings

Job summary

Mechanics Bank is seeking a Senior Fraud Prevention Analyst to join our team on-site in California. The role focuses on researching account activity to assess risk, performing fraud monitoring of On Us Checks, Deposits, large wire transfers, and ACH transactions to mitigate potential losses.

You will investigate potential fraud, communicate solutions to management, and coordinate with branch operations. A strong background in banking operations and fraud detection software is required.

Qualifications

• Knowledge of investigative procedures and processes.
• Knowledge of banking standards, practices and procedures.
• Ability to utilize fraud detection software.
• 2 Year / Associate Degree preferred.

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.
• 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 account.

Skills

Investigative procedures

Banking standards

Fraud detection software

Leadership

Education

Associate degree

Tools

Fraud Detection Software

Job description

Mechanics Bank is currently searching for a Sr. 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 Senior 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 account.
• 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.
• Monitor status of Online Interfaces to ensure all communications lines are functional and resolve any problems with appropriate vendors.
• Perform end-of-day balancing with Federal Reserve, Core Deposits system, and foreign exchange correspondent relationship. Research and resolve wire validation errors.
• Travel Required - No.

Who you are:

• 2 Year / Associate Degree preferred.
• Minimum 5 Years of Experience at Senior Level required.
• Minimum of 3 years' experience in Banking Operations preferred.
• Minimum 5 years experience in Banking Operations.
• Minimum 3 years Leadership 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.

#LI-AS1

Pay Range: $25.00 - $33.00hourly

AIP Bonus Up To 5 %

Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. 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. Benefits package includes[1]:

• 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)

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

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