[Hiring] Fraud Analyst @Municipal Credit Union

Role Description

The Fraud Analyst is responsible for continuously working towards preventing and mitigating losses to ensure the highest level of loss avoidance and reduction. Act independently with great latitude and is a primary liaison for the department with other channels/departments relating to internal needs/assistance. Work with the VP, Financial Crimes & Intelligence and Risk Management Team to improve investigations, analyses and identify control and procedural issues.

Responsibilities:

• Investigation and Analysis:
  • Assess and analyze fraud alerts generated by MCU fraud detection systems, or flagged by internal/external sources.
  • Determine the validity of alerts based on data, transaction patterns, and risk indicators.
  • Focus on civil and criminal violations of law relating to financial crimes including:
    • Bank Fraud
    • Check Fraud
    • Counterfeits
    • Alterations
    • Forged Endorsement
    • Forged Maker
    • Kitting
    • New Account Fraud
    • Loan Fraud
    • Identity Theft
    • Returned Deposited Items
    • ACH Fraud
    • Wire Fraud
    • ATM Fraud
    • ATM Skimming
    • Jackpotting
    • Unjust Enrichments
    • Other Losses
  • Evaluate the risk associated with individual cases and determine appropriate actions.
  • Perform Request for Information (RFI) with branch personnel regarding alerts.
  • Perform investigative practices including complying with regulatory requirements and compiling documentation.
  • Ensure accurate case notes and thorough documentation to support alert decisioning.
• Compliance and Reporting:
  • Ensure compliance with regulations including BSA/AML and Regulation CC.
  • Ensure quality, uniformity, and compliance with regulations throughout the MCU footprint.
• Fraud Prevention and Strategy:
  • Identify new and emerging fraud trends and patterns.
  • Research, evaluate, and identify control deficiencies/violations that contribute to fraud.
  • Proactively seek to improve operational efficiencies to reduce production hours and mitigate losses.
  • Work collaboratively with other departments to recommend solutions.
• Audits and Examinations:
  • Ensure appropriate documentation is maintained for internal/external audits and legal requests.
• Training:
  • Complete annual BSA/AML, Fraud, and Cyber training requirements.
  • Maintain up-to-date knowledge of fraud risks, regulatory changes, and industry best practices.
• Leadership and Team Support:
  • Provide support, guidance, and training to Investigative Support Specialist.
• Financial Crimes & Intelligence Operations Support:
  • Perform other related duties as requested and special projects as assigned.

Qualifications

• Bachelor or Associate degree in Criminal Justice, Business, or Accounting, related field or work experience required.
• Minimum of 3 years of fraud analysis and investigation experience in the financial industry.
• Omni-channel experience including ACH, Wire, Check Fraud, Identity Theft, etc.
• Industry recognized certifications (e.g., CFE) are a plus but not required.
• Basic knowledge and understanding of Federal/State/Local criminal statutes, bank regulatory, and compliance.
• Flexible hours as required.
• The ability to maintain confidential information.
• Proven initiative to be a self-starter and proactive approach.
• Professional appearance and demeanor.
• Must demonstrate a team mentality.
• Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail.
• Technologically proficient.
• Proficiency in Verafin Monitoring/Case Management (preferred).

Benefits

• Pay range: $66,300 - $75,330 annually.
• Discretionary bonus eligibility.
• 401(k) with a 6% employer match per pay period.
• Medical, vision, dental, life, and disability insurance.
• Flexible paid time off.
• 11 paid holidays annually.

Company Description

Municipal Credit Union (MCU) is an Equal Opportunity Employer. MCU provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by applicable federal, state or local laws.

We are committed to hiring, training, cultivating, promoting, and celebrating an environment where we have a welcoming and fulfilling place for all people to call home. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization.