Fraud Analyst II

Location
Herndon, Virginia
Posted
Jun 15, 2022
Closes
Jul 15, 2022
Ref
2066
Function
Analyst
Hours
Full Time
Overview

The Fraud Mitigation Analyst II will provides oversight within the scope of second line of defense, working cross-functionally, to prevent, mitigate (by detecting and analyzing), manage and challenge identified fraud issues/risks. Incumbent will take initiative to challenge and contribute ideas and concepts related to fraud control opportunities and enhancements.

Responsibilities

  • Investigate suspected, alleged or known internal and external fraud perpetrated against the credit union and or its members
  • Evaluate fraud cases for patterns and trends, determining failures in policies, procedures and internal controls, recommending changes for risk mitigation
  • Develop and deploy fraud detection strategies to detect and prevent fraud losses for the credit union
  • Identify control issues/policy violations and propose actions to mitigate reoccurrence
  • Independently analyze and respond to alerts and reports received from multiple sources including fraud detection software, and other credit union internal systems to detect and evaluate suspicious and fraudulent transactions
  • Reviews and understands fraud risks and risk management processes in order to identify, mitigate and monitor fraud risks
  • Maintain and update case management system for tracking of fraud cases and relevant information
  • Communicate investigative findings and reports to management that identify trends and exposure areas, while developing corrective actions that reduce exposure throughout the credit union
  • Monitors and adjusts existing detection strategies to ensure continued effectiveness
  • Deliver anti-fraud training program for branch, back office personnel and member
  • Serve as a fraud subject matter expert while developing and maintaining excellent working relationships with other credit union business units
  • Keep up-to-date with current fraud trends in the financial services industry
  • Contribute to the planning, research, design, development and implementation of process enhancements to create efficiencies
  • Perform other related duties as assigned. Management reserves the right to change or modify the functions of this job as required to meet the needs of the credit union
  • Remains cognizant of and adheres to NWFCU policies and procedures as well as regulations pertaining to the Bank Secrecy Act (BSA)

Qualifications

  • High School diploma or GED; college degree preferred
  • 4+ years of financial industry experience in financial fraud prevention and/or investigation
  • CFCI or other relevant certification preferred
  • Demonstrated strong attention to detail
  • Ability to work independently with minimal direct management supervision
  • Demonstrated initiative and resourcefulness as a self-starter

As a COVID-19 safety measure, our employees must provide vaccination status and follow all safety protocols, which may include testing.

EEO Notice

Northwest Federal Credit Union is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.

NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Department at 703-709-8900 or HRDepartment@nwfcu.org.

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