Financial Service Fraud Prevention
Resume:
Russ Bitely
Webster, NY *****
C: 585-***-****
E: ***********@*****.***
X: @russbites
OBJECTIVE
I am a highly motivated and results-driven professional with over 20 years experience in financial service and banking sector seeking a challenging opportunity to leverage my skills and experience in a dynamic environment.
WORK HISTORY
PwC – Fraud Detection Analyst
Remote ● 7/2022 – Present
● Conduct in-depth analysis of financial transactions, customer accounts, and user behavior to identify patterns indicative of fraud or suspicious activities.
● Utilize advanced fraud detection tools and software to monitor and detect potentially fraudulent activities in real-time, ensuring timely interventions and mitigating risks.
● Collaborate with cross-functional teams, including risk management, compliance, and law enforcement agencies, to investigate and resolve complex fraud cases.
● Conduct thorough research on emerging fraud trends and best practices to enhance the organization's fraud prevention strategies.
● Provide regular reports and presentations to management, outlining key findings, trends, and recommended actions to strengthen fraud prevention measures.
● Assist in designing and optimizing fraud prevention rules and parameters to adapt to changing fraud patterns and improve detection rates.
● Act as a subject matter expert, offering training and support to colleagues on fraud prevention techniques and tools. - Optimized fraud detection system, achieving a 25% decrease in false positives.
● Conduct in-depth analysis of financial transactions, customer accounts, and user behavior to identify patterns indicative of fraud or suspicious activities.
PwC – AML Investigation Analyst
Remote ● 2/2022 – 7/2022
● Conducted thorough investigations into suspicious financial activities to identify potential money laundering, terrorist financing, and other illicit transactions.
● Utilized various internal and external tools and resources to gather and analyze data, identifying patterns and anomalies that warrant further scrutiny. - Streamlined AML investigation procedures, reducing average investigation time by 25% and optimizing resource allocation.
● Collaborated with cross-functional teams, including compliance officers, legal representatives, and law enforcement agencies, to escalate and report suspicious cases.
● Prepared detailed investigative reports and maintain accurate records of findings and actions taken during each investigation.
● Monitored transaction alerts and conduct periodic reviews of customer accounts to ensure compliance with AML regulations.
● Stayed abreast of evolving AML laws and regulations to ensure adherence and recommend updates to internal policies and procedures.
Quality Mortgage Services/QC Verify – QA Mortgage Auditor (Contractor)
Remote ● 11/2020 – September 2022
Primary responsibilities included in-depth pre-fund and post-closing quality assurance audits. Extensive experience in detection and prevention of loan fraud with underwriting and guideline knowledge of both conventional and government loans. Working in a paperless environment and LOS, make loan level risk analysis and work closely with other operational departments.
● Ensured all loans are underwritten in accordance with all required investor and agency guidelines such as: FNMA, FHLMC, HUD, VA, FHA, USDA and Jumbo.
● Maintained knowledge of underwriting guidelines, AUS (DU, LP, GUS, and Manual) requirements.
● Performed risk analysis with identification of loan level defects with escalation to management.
● Working knowledge of mortgage compliance (TILA-RESPA, ECOA, CRA, HMDA, BSA, AML, USA Patriot Act, OFAC).
● Audit results incorporate risk ratings, standardized defect categories along with determination if the findings are related to underwriting, compliance or quality control related.
● Asset re-verification and tax transcripts.
● Field reviews of appraisals, credit reports, other ancillary items.
● Completed full credit analysis and review of all loan documents for eligibility and compliance.
Renzi Foods – District Sales Consultant
Rochester, NY ● 12/2019 – 3/2020 (COVID-19)
● Developed and grow customers and maximize profitable sales for Rochester area; make sales presentations to all customers – Grew territory by 10 new accounts in first 3 months.
● Cultivated new business; identify prospective customers by utilizing market intelligence.
● Performed administrative duties, such as preparing sales budgets and reports, maintaining sales records, preparing price quotes, and menu suggestions.
US Foods – Territory Manager
Rochester, NY ● 9/2014 – 11/2019
● Developed and grow existing customers and maximize profitable sales; made sales presentations to all customers – Grew territory to over $3 million sales less than 4 years.
● Developed new business; identify prospective customers by utilizing market intelligence following leads from existing clients, participating in organizations and clubs, and attending trade shows and conferences – Signed on 45 new accounts to portfolio in 4 years.
● Researched customer business needs and develop mix of products and service to meet needs; evaluate market trends, recommend products to customers, and utilize sampling and product cuttings, based on business needs and goals – Serviced 50 accounts in portfolio.
● Communicated and collect accounts receivable as necessary, working with the credit department and client; collect all balances due based on approved credit terms – Increased accounts receivables by over 30%.
● Performed administrative duties, such as preparing sales budgets and reports, maintaining sales records, preparing price quotes, and menu suggestions, and filing reports.
● Received US Foods Territory Manager $3M Sales Club, January 2019.
● Received US Foods Territory Manager $2M Sales Club, January 2018.
● Received US Foods Territory Manager of Month Award, June 2016.
Banking Compliance Consultants – Director of Compliance/Audit Services & Owner
Rochester, NY ● 1/2012 – 8/2014
Cavalry Group, Inc. – Director of Compliance & Audit Services
Syracuse, NY ● 10/2007 – 11/2011
Bank of America – Mortgage Underwriter
Charlotte, NC ● 5/2006 – 12/2006
JPMorgan Chase – Sr. Mortgage Underwriter
Rochester, NY ● 2/2003 – 5/2006
JPMorgan Chase – Mortgage Underwriter
Rochester, NY ● 12/2001 – 2/2003
JPMorgan Chase – Mortgage Processor
Rochester, NY ● 10/2000 – 11/2001
HARD SKILLS
● Loss Prevention, Data Analysis, Risk Level Determination, Trend Analysis, & Dispute Resolution
● Transacting Monitoring, KYC/Due Diligence, SAR, & Financial Crime Prevention
● Credit Risk Assessment & Mortgage Underwriting
● Banking Compliance & Auditing
● Sales & Marketing Professional, Direct B2B Consultative Selling
● Business & Client Management
● MS Office, Salesforce, CRM Proficient, Actimize, Lexis Nexis, Bridger, & Experian
SOFT SKILLS
● Adaptability, Creativity, Leadership
● Collaboration, Team Building, Interpersonal Skills
● Strong Work Ethic, Trustworthy, Time Management
● Project Management, Problem Solving, Communication Skills
● Analytical Skills, Detail Oriented, Financial Analysis, Research Skills
EDUCATION
MBA, Project Management – GPA 3.7
University of Phoenix, Phoenix, AZ –11/2004
BS, Business Administration (Management & Marketing) GPA 3.3
Elmira College, Elmira, NY – 6/1996
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