Sr. Fraud Analyst

Lumesse; Michigan City (IN); On-site; USD 60,000 - 90,000; Full time

Job summary

Horizon Bank in Indiana is seeking a Sr. Fraud Analyst to investigate forgery and theft within customers’ accounts and transactions. The role tracks and monitors debit activity, disputes, ACH and wire activity to detect suspicious patterns and protect customer assets.

The Sr. Fraud Analyst will lead research into fraud methods, adhere to BSA/OFAC/CIP and bank policies, and collaborate with Operations and Information Security to develop improved detection and controls.

Qualifications

• Five years general banking or regulatory agency experience, with an emphasis in compliance and/or operations.
• College degree or equivalent banking experience desired; High School diploma or GED is required.
• Basic knowledge of Bank administration, lending and operations products and services, related state and federal laws and regulations and other Bank policies.
• Ability to proactively identify and assess potential concerns and risk.
• Comprehensive understanding of general banking compliance regulations and laws.

Responsibilities

• Act as the main point person for managing the Fraud Watch Plus platform, with a strategy to block transactions where identified fraud has been determined.
• Conduct ongoing monitoring of existing fraud alerts through Fraud Watch Plus and the AML system Verafin. Recommend enhancements to improve fraud detection and reduce false positives.
• Support development and implementation of the new alerts.
• Manage the day to day consumer disputes for unauthorized debit transactions. Process all charge back transactions timely.
• Engage with key partners in the Operations Center and Information Security to develop data requirements.
• Ensure the quality, accuracy and completeness of data and alerting processes.

Skills

Fraud detection

Regulatory compliance

Data analysis

Interpersonal communication

Attention to detail

Education

College degree or equivalent banking experience

High School diploma or GED

Tools

Fraud Watch Plus

Verafin AML system

MS Office Suite

Job description

A Fraud Analyst investigates forgery and theft within customers’ accounts and transactions on behalf of a bank. They track and monitor the all bank’s transactions and activity that comes through the customers’ accounts. The monitoring includes debit transactions and disputes, check fraud, ACH and wire activity. It is the Sr. Fraud Analyst job to identify and trace any suspicious or high-risk transactions, determine if there is improper activity involved. This position performs various quality control reviews and monitoring pertaining to the overall compliance with all related bank regulations.

Principal Accountabilities

Responsible for researching criminal fraud methods and tools, tracking financial data, creating reports, identifying and investigating possible fraudulent activities, and developing techniques and tools useful in the prevention of fraud. Responsible for adhering to all Bank policies and procedures including to BSA, OFAC, CIP, and related acts, and participation in ongoing related training. Represent the Bank to both internal and external contacts in a courteous, professional manner in face-to-face, written and telephone communications.Actively protect confidentiality of customer and account information. Demonstrate Horizon Bank’s commitment to the communities we serve through involvement in local organizations and events.

Duties

• Act as the main point person for managing the Fraud Watch Plus platform, with a strategy to block transactions where identified fraud has been determined.
• Conduct ongoing monitoring of existing fraud alerts through Fraud Watch Plus and the AML system Verafin. Recommend enhancements to improve fraud detection and reduce false positives.
• Support development and implementation of the new alerts.
• Manage the day to day consumer disputes for unauthorized debit transactions. Process all charge back transactions timely.
• Engage with key partners in the Operations Center and Information Security department to develop requirements for new data needs.
• Ensure the quality, accuracy and completeness of data available and alerting process.
• Perform customer and transaction analytics to identify potential fraud trends.
• Participate in on-going training to stay abreast of new fraud trends and risk, s and procedures.
• Other duties as assigned.

Qualifications & Skills

• Five years general banking or regulatory agency experience, with an emphasis in compliance and/or operations.
• College degree or equivalent banking experience desired. High School diploma or GED is required.
• Basic knowledge of Bank administration, lending and operations products and services, related state and federal laws and regulations and other Bank operational policies and procedures.
• Ability to proactively identify and assess potential concerns and risk.
• Comprehensive understating of general banking compliance regulations and laws.
• Proficiency in Microsoft Office Suite (Word, Excel, and PowerPoint)
• Ability to demonstrate strong interpersonal skills and communicative skills as well as effective written and verbal communication.
• Must be highly organized, self-starter and adaptable to change.
• Must possess exceptional organization, time management and follow-up skills.

Core Competencies

• Problem Solving
• Decision Making
• Analytical Thinking
• Stress Management

Physical Requirements

Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions in compliance with the Americans with Disabilities Act (ADA)

Physical Demand:

Percentage of Time:

Communicate with regulators, vendors, advisors and managers regarding banking transactions and issues. Able to exchange accurate information with others.

90-100%

Able to verify authenticity of forms, documents and signatures. Able to verify identity of customers, vendors and service providers. Able to observe actions of others to ensure safety and security of the facility.

90-100%

Able to grasp, move and sort forms and papers.

90-100%

Constantly operate a computer and other office machinery such as calculator, copy machine, fax machine, scanner, printer and telephone

90-100%

Able to remain stationary at a desk for long periods of time

75-100%

Regularly move about the office to access file cabinets, storage drawers and various office equipment

75-100%

Occasionally position self to reach heights between floor and 6’

<25%

Horizon Bank is a proud Equal Opportunity Employer | Disability | Veteran Employer.