Fraud Prevention Specialist

Job Description

SUMMARY: Creates and administers the credit union’s fraud awareness and prevention program.

ESSENTIAL FUNCTIONS:

Implements the credit unions fraud prevention, detection, and investigation strategies

Manages investigations of cross-department fraud situations that involve deposit account, consumer lending or real estate lending relationships and report’s findings and recommendations to management through written reports

Works with management to establish mitigation efforts are taken on any and all significant fraud issues

Responsible for understanding online and call center authentication tools and strategies

Maintains an in-depth understanding of all forms of electronic payments such as ACH, P2P (Zelle), Wire, RDC, Debit and Credit

Implements inter-department fraud reporting procedures

Recognizes opportunities for addressing fraud issues, risks and exposures

Implements account protection strategies as deemed necessary to prevent fraud losses

Conducts fraud training for employees and members

Establishes internal and external investigative procedures to ensure department tasks are documented and revised as needed, and workflows are developed for fraud management

Communicates with management to ensure staff are kept abreast of investigative activities and processes as it relates to fraud

Develops incident, fraud loss and trend analysis reporting for distribution to management.

Performs BSA duties, including investigations, suspicious activity, fraud incidents, regulatory reporting and account reviews

Maintains confidentiality of information and controls. Protects all credit union sensitive information and materials within the scope of the department functions

Works with Compliance to maintain the controls needed to protect the assets of the credit union

Assists with compliance related external examinations

Conducts audits of Member Authentication Procedures

Other duties as may be assigned

QUALIFICATIONS:

Education Required: High School Diploma or equivalent (GED)

Education Preferred: Associate’s Degree in business or related field

Experience Required: Two (2) years working in a financial institution

Experience Preferred: Two (2) years of experience in a fraud prevention/reporting position in a financial institution

TRAVEL: Up to 5% local travel. Occasionally attends national conferences and local peer networking events or trainings.

The base pay for this position is $20.28 to $33.80 per year. In specific locations, the pay range may vary from the range posted. Click here to learn more about ALEC and our benefits.

Full-time