Fraud Specialist

Minnesota Bankers Association; Elk River (MN); On-site; USD 30,996 - 35,817; Full time

Benefits offered by this job

High-Deductible Health Plan

Health Savings Account

Flexible Spending Accounts

Dental Insurance

Vision Insurance

Company paid life insurance

Short-term disability insurance

Employee Assistance Program

401(k) Safe Harbor match

Gym Membership reimbursement

Job summary

A regional financial institution in Elk River is looking for a detail-driven Fraud Specialist. This role focuses on detecting, investigating, and preventing fraud while fostering strong relationships with customers and collaborating with internal teams. Successful candidates will have over 5 years of relevant experience, strong skills in fraud detection, and a commitment to exceptional customer service. Competitive compensation and benefits are offered.

Qualifications

• Minimum of 5 years job-related experience required.
• Experience in investigating fraud-related activities.
• Ability to handle sensitive customer information and issues.

Responsibilities

• Detect and prevent fraud-related activity.
• Investigate and respond to fraud incidents.
• Implement fraud prevention processes and strategies.

Skills

Fraud detection

Investigation skills

Customer service

Knowledge of BSA/AML compliance

Attention to detail

Education

High school diploma or GED

Tools

Jack Henry systems

Job description

Fraud Specialist

The Bank of Elk River

630 Main Street, Elk River, MN 55330

Job Description

The Fraud Specialist will focus on detecting and preventing fraud-related activity to minimize losses to the bank and enhance relationships with customers. The role works closely with the operations and compliance departments on a proactive strategy of fraud detection, protecting both the bank and customers. Responsibilities include identifying suspected deposit and payment fraud and conducting detailed examinations and investigations on depository relationships and transactions to confirm or disprove potential fraud and related activity.

QUALIFICATIONS

To perform this job successfully the individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Performs daily operational processes that include processing and monitoring overdrafts, reviewing fraud suspects in the BSA/AML compliance system, performing reviews of OFAC and 314a matches, and other fraud related monitoring.
• Responsible for investigating, containing, and collecting on fraud that the bank or customers encounter. Work with law enforcement agencies regarding fraudulent activity including the prosecution of fraudsters.
• Provides investigative support to the operations department for fraud related to debit cards and other deposit account fraud activity. Obtains documentary evidence to support confirmed fraud, proactively reviews a variety of fraud logs and reports to support or disprove evidence of fraud activities. Executes on resolving fraud disputes and resolutions including account closings, charge offs, and bank losses.
• Performs, monitors, and reports on collection activities including Bullseye updates, ChexSystems reporting, monitoring overdrawn accounts, and sending customer letters.
• Implement processes, procedures, and monitoring activity to help prevent fraud. Works in collaboration with the operations team and compliance team. Prepares management and board reports on fraud activity.
• Provides exceptional customer service to internal and external customers. Responds accurately and professionally to all internal customer requests and inquiries received and assesses the urgency of the situation to resolve problems in a timely and accurate manner.
• Regular, reliable attendance is required.

COMPENSATION

Starting Salary Range: $22.50–$26.00 per hour

Full-time Benefits

• High-Deductible Health Plan on the 1st of the month following hire date
• Health Savings Account on the 1st of the month following hire
• Flexible Spending Accounts on the 1st of the month following hire
• Dental Insurance on the 1st of the month following hire date
• Vision Insurance on the 1st of the month following hire
• Company paid life insurance on your date of hire
• Supplemental life and AD&D insurance available on your date of hire
• Short-term disability insurance paid for by TBER
• Long-term disability insurance paid for by TBER
• Employee Assistance Program
• Well-Being program
• Long-term care insurance
• Pet Insurance
• Employee Stock Ownership Plan (ESOP) after 6 months of service
• 401(k) Safe Harbor match up to 4% on the 1st of the month after 6 months of service
• Account fees waived and discounts on loans at The Bank of Elk River
• Discounts through Wellmark Blue365, LifeMart, Carhartt, and Microsoft Office
• Gym Membership/Fitness quarterly reimbursement up to $25 each month
• Company picnic, Christmas party, and employee appreciation events
• Casual dress days

Education & Experience

• High school diploma or general education degree (GED) preferred and minimum of 5 years job related experience.
• Jack Henry systems experience including core systems, auxiliary fraud systems and report writing software preferred.

PHYSICAL DEMANDS

While performing the duties of this job, the employee is regularly required to sit and use computer for extended periods. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. It is the individual responsibility of every employee to maintain a current awareness and understanding of and to fully comply with The Bank of Elk River's Code of Ethics Policy. Each employee is also expected to maintain an awareness of the laws, regulations, internal policies and procedures that are appropriate for his/her position. Each employee must also comply with consumer protection laws that relate to his/her position.

About Us

At The Bank of Elk River, we put people first and build trust that has lasted since 1885. We’re seeking a detail-driven Fraud Specialist to proactively detect, investigate, and prevent fraud while partnering with operations and compliance to protect our customers, our bank, and our communities. If you’re passionate about integrity, collaboration, and making a meaningful impact, we’d love to have you on our team.

Core Values

• We put people first: Our customers, co-workers, and communities inspire us every day. We are dedicated to your success and believe that by building strong relationships, empowering our team to make decisions, and developing genuine connections, we all succeed.
• We build trust: Since 1885, trust has been the foundation of our business. Our unwavering commitment to integrity, honesty, and respect guides us today. You can count on us now and in the future.
• We pursue excellence: We embrace a culture of innovative thinking and continuous learning. We leverage diverse perspectives through communication and collaboration to deliver relevant progressive solutions that exceed expectations.
• We strengthen communities: We are driven to make a positive and lasting impact. By investing financial resources, sharing our expertise, and devoting our time, we strengthen the communities we serve.

How to Apply

Go to our website and click here: https://www.thebankofelkriver.com/careers