Fraud Investigator

Bethpage has a commitment to excellence and the highest standards of member service. Our values and beliefs are critical to the success and growth of the business and they were all created with a unique cultural foundation.

Responsibilities Include:

The salary range for the position is $64,831.00 - $90,765,000.00 annually.

Conduct complex and deep-dive investigations, including reviewing evidence and documentation, to minimize the credit union’s loss exposure and increase recovery of stolen funds/assets. Based on results of investigations, recommend and/or perform corrective action for recovery and loss prevention.

Manage and prioritize case load using case management systems for tracking as well as preservation of fraud cases, evidence and relevant information. Ongoing monitoring of fraud reports and tool performance to ensure that agreed risk levels and positive member experience are maintained.

Provide in-depth research and detailed analysis to support the decision as to whether the suspicious or fraud activity requires a suspicious activity report (“SAR”) filing. Write initial SARs and Continuing Activity SARs for submission to FinCEN.

Analyze member transactional and relationship data to develop and improve transactional or authentication fraud prevention strategies and stay abreast of current fraud trends. Draft and maintain preventative policies and procedures associated with fraud, compliance and security.

Actively work with internal and external business partners on projects and/or department or strategic initiatives. Work collaboratively with law enforcement agencies and other financial institutions. Provide expert testimony in legal proceedings as needed.

Assist in the development of fraud & risk management training and conduct said training as needed. Work with Risk Management to improve investigations, analyze and identify control and procedural issues. Act as a Fraud Subject Matter Expert (SME) when requested or required.

Lend regular support to the branches, other departments and S3 representatives, as well as to other members of the Fraud and Risk team(s). Take on ad hoc projects or assignments related to Fraud.

Complete ongoing training to meet annual CFE or CFCI requirements and to promote growth and understanding of current/future fraud trends and fraud mitigation.

FourLeaf Federal Credit Union provides a range of benefits with various enrollment periods, including medical, dental, and vision coverage, a 401K plan with employer match, reimbursement programs, wellness programs, and an annual performance-based bonus