1402 Fraud Prevention Analyst
1402 Fraud Prevention Analyst
Santa Maria, CA 93454
Under the direction of the VP Fraud Prevention, the Fraud Prevention Analyst assists in the implementation and administration of all aspects of fraud prevention and assists with various assignments.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The following statements are intended to describe the general nature and level of work being performed by this position. It is not intended to be an exhaustive list of all duties, responsibilities, and skills required of this position. Other duties may be assigned to meet business needs.
•Performs quality control reviews and fraud monitoring using industry standards and regulatory guidance to ensure CoastHills’ compliance efforts are maintained daily.
•Assists in the development and implementation of appropriate policies, procedures, disclosures, notices, and forms to comply with legislative and regulatory changes or new requirements related to fraud prevention or security.
•Assists employees in researching potential and actual fraudulent incidents, sharing best practices and risk alerts.
•Identifies control deficiencies, duplication of effort or lack of controls, and provides alternatives.
•Reviews and monitors consumer and business accounts for unusual or suspicious activity. Responsible for working with and monitoring suspicious items across various complex fraud detection tools and systems. Uses multiple reporting mechanisms to monitor and analyze member transaction data to prevent fraud by identifying suspicious activity patterns across all banking channels and member interfaces.
•Conducts time-sensitive investigations of alerted and referred transactions and individuals for suspicious activity, utilizing several internal and external resources, including law enforcement. Counsels members on identity theft and appropriate protection mechanisms; coordinates or assists with recovery of losses due to fraudulent, illegal or improper activities.
•Interacts directly with members to identify fraud/scam components and provides member service in regard to resources available to our members.
•Reviews internal suspicious incident reports and determines if Unusual Activity Reports (UAR) are warranted; assists BSA Officer with Suspicious Activity Report (SAR) research.
•Maintains current knowledge of the Red Flag Rules, FACT Act, Implementing Rules to the Fair Credit Reporting Act, Bank Secrecy Act and all related anti-money laundering and OFAC regulations.
•Provides research and evaluation of fraud cases and accurately and sufficiently document analysis and findings.
•Ensures all suspected and actual fraudulent situations are documented to ensure accurate data is available for auditing, training, and reporting purposes.
•Assists with the preparation of monthly reports to keep management informed of fraud related activities.
•Pursues specialized fraud prevention training to keep abreast of local, state, and federal trends.
•Maintains current job knowledge of Credit Union policies, procedures, and services.
•Regularly attends and participates in in-house training.
•Performs duties as assigned by management and may be assigned to work at any location.
•Member Service Orientation
The qualifications listed below are representative of the knowledge, skill and/or ability required to perform the essential functions of this position.
Education and Experience
•Five or more years increasingly responsible related experience within a financial institution.
•Knowledge of branch operational activities and a variety of federal and state laws and regulations.
Certificates, Licenses and Registrations
•Well-rounded background in all aspects of credit union department functions, policies, and procedures.
•Credit union laws and regulations.
•Advanced skills with MS Office Suite (Word, PowerPoint, Excel) required, as well as auditing software.
Other Skills and Abilities
•Ability to be bonded.
•Operates a variety of office equipment, machines, audio/visual equipment and aids, cameras and other digital equipment.
•Travels, attends, and participates in meetings, seminars, and conferences held before and after normal business hours that may require unaccompanied long-distance travel and overnight lodging.
•Ability to work a variety of hours, including evenings and weekends.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
Please apply online
Locations: California (CA)