Fraud Analyst
Location: Herndon, VA
Req ID: 2629
The Fraud Analyst will work cross-functionally to prevent, mitigate, and manage fraud issues and risks. This role is responsible for conducting detailed investigations of suspicious activity related to fraud, which includes determining the appropriate course of action, resolving client questions from internal or external members, evaluating trends to enhance fraud mitigation, and preparing reports for fraud analysis for various levels of management. The Fraud Analyst will provide oversight within the second line of defense while taking initiative to challenge and contribute ideas and concepts related to fraud control opportunities and enhancements.
Responsibilities
- Investigate, analyze, and respond to internal and external fraud alerts and reports received from multiple sources, including fraud detection software and other internal systems
- Prepare case documentation for SAR filings ensuring completeness, accuracy, and compliance with applicable regulations
- Identify and monitor key fraud indicators and trends using technical data analysis and interpretation in order to adjust existing strategies to ensure continued effectiveness
- Partnering with the lines of business to effect change and promote awareness through the coordination of fraud detection monitoring efforts
- Stay informed of current fraud trends and best practices in the industry and assist with the development and deployment of fraud mitigation procedures
- Identify and implement process enhancements to create efficiencies
- Communicate investigative findings and reports to management regarding trends and areas of exposure
- Assist in creating a fraud aware culture through the development and delivery of anti-fraud training and messaging to Credit Union members and member facing personnel
- Adhere to Bank Secrecy Act (BSA) regulations and all related Credit Union policies and procedures
- Perform other related duties as assigned
