Fraud Specialist

Security First Bank; Rapid City (SD); On-site; USD 38,000 - 56,000; Full time

Benefits offered by this job

Competitive Pay

Medical Insurance

Dental Insurance

Vision Insurance

401(k) with Company Match

Paid Time Off

Paid Holidays

EAP

Life Insurance

Disability Insurance

Professional Development

Job summary

Security First Bank is seeking an entry‑level Fraud Specialist to join the Fraud Prevention team in Rapid City, SD. The role involves monitoring transactions, investigating suspicious activity, and supporting fraud claims and prevention efforts.

The ideal candidate has a high school diploma with strong analytical and communication skills. Knowledge of banking operations and regulatory guidance is a plus, and the position offers growth within risk management.

Qualifications

• Entry-level role in fraud prevention and risk management.
• Prior banking experience is not required but helpful.
• Ability to handle confidential information with professionalism.

Responsibilities

• Monitor fraud alerts and review account activity for suspicious transactions.
• Investigate debit card, ACH, check, wire, and online activity.
• Contact customers to verify transactions and resolve concerns.
• Process fraud claims in line with bank policies and regulations.
• Document investigations and maintain case records.

Skills

Analytical thinking

Attention to detail

Problem solving

Verbal communication

Education

High School Diploma or equivalent

Associate or Bachelor’s in related field

Tools

Microsoft Excel

Microsoft Outlook

Job description

Job Details

Location: Rapid City, SD 57709

Position Type: Full-time

Education Level: High School

Job Shift: Day

Job Category: Banking

Position Overview

We are seeking a detail-oriented entry-level Fraud Specialist to join our Fraud Prevention team. This role helps protect the bank and its customers by monitoring transactions, investigating suspicious activity, assisting with fraud claims, and supporting fraud prevention efforts. This is an excellent opportunity for individuals interested in banking, risk management, and financial crime prevention.

Key Responsibilities

• Monitor fraud alerts and review account activity for potential fraudulent transactions.
• Investigate suspicious debit card, ACH, check, wire, and online banking activity.
• Contact customers to verify transactions and resolve fraud-related concerns.
• Process fraud claims and disputes in accordance with bank policies and regulatory requirements.
• Document investigations and maintain accurate case records.
• Escalate complex fraud cases to senior team members, as appropriate.
• Assist with fraud prevention initiatives, risk identification, and customer education efforts.
• Collaborate with branch, operations, and customer service teams to resolve fraud-related issues.
• Maintain confidentiality and compliance with all bank policies and regulations.

Qualifications

• High school diploma or equivalent required; associate’s or bachelor's degree in a related field preferred.
• Zero to two years of banking, customer service, financial services, or investigative experience.
• Strong analytical, problem‑solving, and attention‑to‑detail skills.
• Excellent verbal and written communication abilities.
• Ability to manage sensitive and confidential information with professionalism.
• Proficiency with Microsoft Office applications, including Excel and Outlook.
• Knowledge of banking operations, Regulation E, fraud prevention, or risk management is a plus.
• Interest in fraud prevention, financial crimes, or compliance-related career paths.

Benefits

• Competitive Pay
• Medical, Dental & Vision Insurance
• 401(k) with Company Match
• Paid Time Off & Paid Holidays
• Employee Assistance Program (EAP)
• Life & Disability Insurance
• Professional Development & Career Growth Opportunities

Security First Bank is an Affirmative Action and Equal Opportunity Employer, Minority / Female / Disabled / Veteran / Gender Identity / Sexual Orientation.