Experienced Fraud Prevention and Risk Investigations Specialist - Investigator II for a Leading Financial Institution

About Us

At [Company Name], we are committed to providing exceptional financial services to our members while maintaining the highest standards of integrity and security. Our team of dedicated professionals works tirelessly to prevent and investigate fraudulent activities, ensuring the trust and confidence of our members. As a leading financial institution, we are seeking an experienced Fraud Prevention and Risk Investigations Specialist to join our team.

Job Summary

We are looking for a highly skilled and motivated Investigator II to join our Fraud Prevention and Risk Investigations team. As an Investigator II, you will be responsible for detecting, reviewing, and reporting potential suspicious activities filtered by various AML systems. You will investigate external inquiries via law enforcement requests, internal investigations for other groups (fraudulent instruments and inquiries), and other related transactional activity. You will also support leadership and the investigations team in maintaining compliance with our fraud prevention program.

Key Responsibilities

• Utilize knowledge of credit union systems, processes, and contacts as resources for conducting investigations.
• Develop a plan of action and gather, analyze, and compile evidence for multiple case assignments.
• Prepare case documentation and write a complete final summary report of investigation.
• Investigate and respond to check fraud claims as received by members and/or other financial institutions.
• Investigate suspicious activity cases generated by the internal automated AML/BSA monitoring system or Unusual Activity Referrals reported by branch personnel and other lines of business.
• Review cases assigned for closure to ensure Verafin case has proper coding, and all steps are taken prior to closing account in DSUI.
• Assess internal controls and procedures associated with assigned cases, identifying control breakdowns and makes recommendations to prevent future losses.
• Assist with determining new procedures to prevent, detect, and investigate fraudulent activity.
• Review fraud data to ensure accuracy for reporting and audit purposes.
• Assist with computer crime investigations and investigate breaches of information security policies as requested.
• Prepare recommendations as to whether a member's transactional activity is fraudulent and thereby requiring a BSA UAR referral.
• Review individuals' and entities' accounts reported in a police report utilizing different management systems to determine if other suspicious activity noted in the accounts should be reported.
• Prepare police report and/or BSA UAR referral if necessary.
• Perform red flag alert reviews on account activity for submitted fraud closures, determines if the previously reported fraudulent activity has continued or ceased.
• File supplemental police report if additional suspicious activity is identified and works with BSA SAR Investigator on continued 90-day fraud referrals.
• Assist with auditing Investigator I BSA narratives prior to submitting to BSA department.
• Maintain current information on various systems as well as required files and documentation.
• Ensure records are complete and available for review and audit as needed.
• Comply with regulatory requirements, security, and applicable policies and identifies control and procedural issues.
• Serve as resource to branches/departments inquiries related to financial investigations questions to provide best information possible regarding fraud to better serve the members and the Credit Union's interest.
• Assist with the timely completion and investigation of assigned 314(b) requests.
• Complete annual BSA/AML/OFAC training requirements and keeps current with Money Laundering and Terrorist Financing trends.
• Provide support, guidance, and training of new staff and serves as the quality control reviewer for alerts, cases, and BSA UAR referrals.
• Assist in collecting documentation for examiners, auditors, law enforcement, and governmental agencies regarding fraudulent activity and BSA/AML monitoring records.
• Participate in moderate to complex project initiatives as the primary subject matter expert.
• Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.
• Assist and identifies other investigative efforts within the department, including creating and working moderately complex cases.
• Understand CTR filing requirements and be able to answer basic questions.
• Assist with the training of new staff and acts as a resource for all team members regarding a variety of loss prevention and fraud scenarios.
• Assist in development and facilitation of fraud prevention and awareness for all branch and HQ staff as applicable.
• Maintain accurate tracking of work performed, which will be used in department performance measurements.
• Prepare police reports for all losses over the established thresholds or established behaviors outlined in department procedures.
• Work with law enforcement as required, providing updates or additional information as needed.
• Responds to law enforcement agencies and financial institutions requesting documentation and/or images to support investigations involving credit union losses.
• Perform other duties as assigned.

Essential Qualifications

* Bachelor's degree or combination of experience and education. * Minimum of 5-6 years of financial institution or law enforcement experience and Fraud, AML, or card fraud experience. * Ability to effectively communicate with internal and external contacts. * Knowledge of Credit Union products, services, policies & procedures. * Operating knowledge of Visa regulations, AML/BSA, OFAC and Federal/State Regulations. * Good organizational skills, including the ability to prioritize daily activities and multi-task to complete assignments. * Strong attention to detail in working and investigating files with emphasis on deadlines. * Effective oral and written communication skills. * Basic Excel skills * Knowledge to operate facsimile machine, ten key, microfiche, electronic banking equipment, basic PC knowledge of Windows environment, and office filing logic. * Must be self-motivated and capable of working both independently as well as in a team environment. * Must be aware of high-risk activities to ensure regulatory compliance with check fraud regulations and Reg. E, Customer Identification Program (CIP), Customer Due Diligence/Enhanced Due Diligence, 314(b) Information Sharing requests, OFAC, and all investigations pertaining to potential fraud schemes or cybercrime.

Preferred Qualifications

* Professional Certified Investigator (PCI), Certified Fraud Investigator (CFI), Certified Financial Crimes Investigator (CFCI), Certified Credit Union Compliance Expert (CUCE), Certified Fraud Examiner (CFE), Bank Secrecy Act Compliance Specialist (BSACS) as well as, or Certified Anti-Money Laundering Specialist (CAMS) certification. * Experience with Verafin, DSUI, and other relevant systems.

Skills and Competencies

* Strong analytical and problem-solving skills. * Excellent communication and interpersonal skills. * Ability to work in a fast-paced environment and prioritize multiple tasks and deadlines. * Strong attention to detail and organizational skills. * Ability to maintain confidentiality and handle sensitive information. * Strong knowledge of financial regulations and laws. * Ability to work independently and as part of a team. * Strong analytical and problem-solving skills.

Career Growth Opportunities and Learning Benefits

At [Company Name], we are committed to providing our employees with opportunities for growth and development. As an Investigator II, you will have the opportunity to work on complex cases and projects, develop your skills and expertise, and advance your career. We also offer a range of training and development programs to help you achieve your goals.

Work Environment and Company Culture

Our office is a state-of-the-art and comfortable workspace, equipped with the latest technology and tools. We have a collaborative and supportive team environment, with a focus on teamwork and open communication. We also offer a range of benefits and perks, including flexible work arrangements, professional development opportunities, and a comprehensive benefits package.

Compensation, Perks, and Benefits

We offer a competitive salary and benefits package, including: * Competitive hourly rate: $33.36 - $36.25 * Comprehensive benefits package, including medical, dental, and vision insurance * 401(k) plan with company match * Flexible work arrangements, including remote work options * Professional development opportunities, including training and education programs * Access to the latest technology and tools * Collaborative and supportive team environment

How to Apply

If you are a motivated and experienced professional looking for a challenging and rewarding role, we encourage you to apply. Please submit your resume and cover letter to [insert contact information]. We look forward to hearing from you!

Equal Employment Opportunity

[Company Name] is an equal employment opportunity employer and welcomes applications from diverse candidates. We are committed to creating a workplace that is inclusive and respectful of all employees, and we strive to provide equal opportunities for employment, training, and advancement. Apply Now