Fraud Risk Management Analyst – Protect & Prevent Loss

Webster Bank; Southington (CT); On-site; USD 60,000 - 70,000; Full time

Benefits offered by this job

Incentive compensation

Job summary

Webster Bank is seeking a dedicated Analyst Fraud Risk Management to analyze bank transactions, new accounts, and customer behavior for anomalies and risk mitigation. The role involves documenting findings, escalating as needed, and working with clients and colleagues to prevent losses.

The position requires 3-4 years in related fields, a BA/BS or equivalent, and strong analytical skills with MS Office proficiency.

Qualifications

• Bachelor’s Degree in Arts/Sciences (BA/BS) or equivalent work experience preferred.
• 3-4 years of experience in retail operations, wire/ACH, branch supervision, compliance, audit, investigation, law enforcement or related field required.
• Strong analytic and computer skills – Microsoft Word, Excel, Power Point.
• Ability to work independently in high volume environment with attention to detail.
• Ability to be flexible with work hours and daily workload requirements depending on need.

Responsibilities

• Monitors transactions across channels to identify trends and patterns of fraudulent activity and takes appropriate action.
• Reviews output of daily account warning reports using automated scoring system; researches fraudulent information or discrepancies.
• Mitigates identified potential fraud loss by: placing holds/restricting access; preparing STMs; performing necessary due diligence.
• Recommends closure of accounts deemed risky or suspicious; performs account maintenance as necessary.
• Review exception items on a daily basis.
• Provide phone support for calls from banking centers and the call center.
• Maintains accurate records to ensure accurate reporting and adherence to applicable laws and regulations.
• Based upon research and findings, makes recommendations to management for updates to fraud prevention strategies.
• Provides internal support to retail personnel on all issues concerning fraud and suspicious activity.

Skills

Analytical skills

Microsoft Excel

Microsoft Word

PowerPoint

Education

BA/BS or equivalent

Job description

Webster Bank is seeking a dedicated Analyst Fraud Risk Management to analyze bank transactions, new accounts, and customer behavior for anomalies and risk mitigation. The role involves documenting findings, escalating as needed, and working with clients and colleagues to prevent losses.

The position requires 3-4 years in related fields, a BA/BS or equivalent, and strong analytical skills with MS Office proficiency.