Fraud Analyst

Job Description

Summary: This position is responsible for assessing various situations and identifying risk related to Fraud. Works closely with the Senior Fraud Investigator and BSA Manager as well as various teams within Operations to assist with the investigation and deterrence of fraud against First Foundation Bank. This role requires the ability to conduct alert triage, research, execute various methods and provide clear documentation of all findings

Salary Range: The salary range budgeted for this position is $52,700/yr to $65,000/yr and represents the Company's good faith minimum and maximum range for this role at the time of posting. The compensation offered to a candidate may vary depending on several factors, including a candidate's qualifications, skills, competencies, experience, and location.

The Company also offers various benefits, including medical, dental, vision, and a 401(K) match. Other rewards may include annual performance-based bonuses and wellness days.

Applicants must have current work authorization when accepting a First Foundation Inc. position. Currently, we cannot sponsor or take over the sponsorship of an Employment Visa.

Duties and Responsibilities:

Employee is responsible for adherence to all compliance programs and the completion of all required and assigned training by established due dates

Employee is responsible for understanding their duties and responsibilities as it relates to the Bank Secrecy Act, (“BSA”), Anti-Money Laundering Act (“AML”) and Office of Foreign Assets Control Regulations (“OFAC”). This includes understanding any responsibilities outlined under the Bank’s BSA/ OFAC Program, participating in any required training and promptly complying with all reporting requirements

Understands and complies with requirements of all laws and regulations applicable to position

Monitors alert transactions through the Bank’s transaction monitoring software as it relates to Fraud to identify unusual or suspicious account activity and / or financial crime patterns

Perform a series of reviews utilizing various tools and reports to identify potential fraudulent activities on new/existing Deposit and Loan accounts

Thoroughly research incidents and/or allegations and interact with other departments of Risk, Compliance and Operations

Some interaction may be necessary with other Banks, companies or local, state, and federal authorities

Provide excellent customer service to those clients impacted by potential fraud, ensuring we offer assistance as appropriate

Review of new accounts, negative balance accounts, ACH reports, Fiserv fraud notifications and any suspicious activity on an existing account

Assist Senior Fraud Investigator or BSA Manager in the preparation of reports as required for documentation to ensure adherence to policies and procedures

Utilize bank systems, resources, policies and procedures to evaluate accounts and situations that may require unique treatment and a specialized approach

Interview victims, witnesses and/or suspects in order to obtain details of an incident

Present case summaries to management team as needed

Conduct analysis on transactional data and alert monitoring to make determinations of irregular activity through understanding of historical client activity and regulatory definitions of suspicious activity

Responsible for Case narratives and initial Suspicious Activity Report (SAR) recommendations and write-ups

Assist with editing and updating internal departmental procedures

Performs all other duties as assigned

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience:

Bachelor’s Degree or the equivalent combination of education and experience

Minimum of 2 years of experience in related field of Fraud Investigations

Minimum of 3 years of experience in an operational environment, preferably with a financial institution

Skills:

Working knowledge of current bank fraud investigative techniques

Works independently to continuously monitor, review, analyze, detect and prevent unauthorized or fraudulent activity

Strong written and verbal communication skills

Effective time management and organizational skills

Must be analytical and focused with the ability to analyze documents and reports.

Remain apprised of industry fraud trends coupled with current detection and prevention applications

Physical Demands: 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 accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit for long periods of time; use hands to operate controls on computer; reach with hands and arms for phone and computer work; to communicate on the phone wearing a headset for extended periods. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and ability to adjust focus. This job description is subject to change at any time.

First Foundation is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

Full-time