Sr Fraud Prevention Analyst

Stanford Federal Credit Union; Palo Alto, Northern (CA, KY); Hybrid; USD 95,000 - 120,000; Full time

Benefits offered by this job

Health insurance

Dental & Vision

Life insurance

401(k) match

Education reimbursement

Paid time off

Disability insurance

Holiday pay

Employee assistance program

Job summary

Stanford Federal Credit Union in Palo Alto is seeking a Sr Fraud Prevention Analyst to join a hybrid on-site team. The role focuses on investigating financial crimes, reviewing alerts, and reporting on fraud trends to protect members.

The ideal candidate has a Bachelor’s degree with 5+ years in a financial institution, strong knowledge of fraud schemes, and proficiency with fraud monitoring and case management systems. Competitive compensation and benefits accompany this opportunity.

Qualifications

• Bachelor’s degree and 5+ years’ experience in a similar role at a financial institution.
• Knowledge and understanding of common fraud schemes impacting financial institutions.
• Expert in identifying fraud red flags, reviewing transaction data, and managing fraud investigations.
• Proficiency in using Fraud and BSA/AML transaction monitoring systems & case management systems.
• Strong understanding of financial transactions (check, wire, cards, ACH, etc.) and financial accounts (savings, checking, loans, etc.)

Responsibilities

• Execute the Credit Union's Financial Crimes Program by performing independent investigations of suspected suspicious activities that may relate to, but not limited to, Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), Sanctions, and fraud.
• Review, research, and disposition alerts and referrals for fraud and suspicious activity.
• Excellent skills in case documentation.
• Develop and maintain reporting related to alerts, case volume, SAR filing, fraud losses.
• As needed perform high risk customer monitoring, CTR reviews and filing, and related activities.
• Support regulatory exams, audits, and internal reviews related to fraud and AML risk.
• Stay abreast of current laws and of regulations to ensure compliance with the BSA/AML and Sanctions regulations.
• Assist employees of the Credit Union with any financial crimes related questions or concerns.

Skills

Fraud prevention

Case management

SAR documentation

BSA/AML

CTR reviews

OFAC compliance

Regulatory knowledge

Education

Bachelor’s degree

Tools

Fraud monitoring systems

Case management software

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Full Time Professional Palo Alto, CA, US

3 days ago Requisition ID: 1688

Salary Range: $95,000.00 To $120,000.00 Annually

Sr Fraud Prevention Analyst Opportunity at Stanford Federal Credit Union!

We’re on a mission to improve financial lives! If you’re a high-energy, compassionate, and collaborative individual with a desire to make a difference, we encourage you to consider joining our SFCU team! Members really do come first at Stanford FCU because we’re non-profit, and owned by our members. Our members work for Stanford University or some of the most innovative companies in Silicon Valley—and we provide them with the most generous financial benefits in our industry.

Stanford FCU is a $4.5 billion company with a global reach of over 95,000 members in 90 countries and growing! Come grow with us and see what it’s like to work for a Bay Area Top Workplace. As our CEO says, “we work hard, and we play hard”, and we need your help to improve even more financial lives!

*Please note, this position is hybrid on site in Palo Alto, CA*

Who YOU are:

• Bachelor’s degree and 5 plus years’ experience in a similar role at a financial institution.
• Knowledge and understanding of common fraud schemes impacting financial institutions.
• Expert in identifying fraud red flags, reviewing transaction data, and managing fraud investigations.
• Skilled in review of unusual activities, case management, investigations, CDD, SAR documentation and reporting, CTR reviews, Sanctions/OFAC program requirements, and related regulation areas.
• Proficiency in using Fraud and BSA/AML transaction monitoring systems & case management systems
• Strong understanding of financial transactions (check, wire, cards, ACH, etc.) and financial accounts (savings, checking, loans, etc.)

What YOU’LL do:

• Execute the Credit Union's Financial Crimes Program by performing independent investigations of suspected suspicious activities that may relate to, but not limited to, Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), Sanctions, and fraud.
• Review, research, and disposition alerts and referrals for fraud and suspicious activity.
• Excellent skills in case documentation.
• Develop and maintain reporting related to alerts, case volume, SAR filing, fraud losses.
• As needed perform high risk customer monitoring, CTR reviews and filing, and related activities.
• Support regulatory exams, audits, and internal reviews related to fraud and AML risk.
• Stay abreast of current laws and of regulations to ensure compliance with the BSA/AML and Sanctions regulations.
• Assist employees of the Credit Union with any financial crimes related questions or concerns.

Some of our benefits for YOU:

• 100% paid employee medical, dental, vision, life/AD&D and short-term disability insurance for the employee; 50% paid for dependents
• Quarterly incentives up to 10% of your salary (based on position)
• Employer 401(k) matching up to 5% plus additional annual discretionary contributions
• Education reimbursement up to $5,200/year
• Employee recognition program with cash incentives
• Commuter Toll Benefit $100-$200/month (based on position)
• Wellness Benefits up to $1,200 per year
• Paid Sick Time accrues at two weeks per year
• Paid Vacation Time accrues at three weeks per year
• Paid Federal banking holidays (approximately 11 per year)
• Ongoing training and education, seminars, and conferences
• Loan rate discounts on some products (vehicle, mortgage and HELOC loans)
• Waived fees and deposit bonuses on Stanford FCU accounts
• Employee Assistance Program with free benefits like counseling, help finding legal assistance and day care resources

If you are ready for this awesome opportunity (or know somebody who is) please contact us today!

Stanford Federal Credit Union providescompetitivepay ranges based on factors such as (but not limited to) the scope and responsibilities,qualificationsneeded for the position andexternal market pay for comparablepositions.

Please Note: SFCU does not provide work visa sponsorship or accept visa transfers for any positions.

Stanford Federal Credit Union is an equal opportunity employer as to all protected groups, including protected veterans and individuals with disabilities.