Fraud Analyst

This is a fully remote position, open to applicants in New York.

📋 Description

• Evaluate and analyze fraud alerts produced by MCU fraud detection systems or flagged by internal and external sources.

• Assess alert validity through data analysis, transaction patterns, and risk indicators across various types of financial crime.

• Analyze case risk and decide on actions such as clearing, escalating, or freezing accounts.

• Request further information from branch personnel regarding alerts.

• Execute investigations, adhere to regulatory requirements, compile necessary documentation and evidence, and prepare initial investigative reports.

• Keep precise case notes and comprehensive documentation for alert decision-making.

• Ensure adherence to BSA/AML regulations and Regulation CC.

• Uphold quality, consistency, regulatory compliance, and follow standard operating procedures.

• Identify emerging trends and patterns in fraud and communicate findings to the Fraud Mitigation Manager.

• Investigate control weaknesses and violations, and suggest improved controls.

• Enhance operational efficiencies to decrease production hours and minimize losses.

• Collaborate with various departments on solutions that impact performance, risk, losses, and organizational threats.

• Maintain documentation for internal and external audits as well as legal requests.

• Complete annual training in BSA/AML, Fraud, and Cybersecurity.

• Stay updated on fraud risks, regulatory changes, and industry best practices.

• Provide assistance, guidance, and training to Investigative Support Specialists.

• Carry out related duties and special projects as assigned.

⛳️ Requirements

• Bachelor’s or Associate degree in Criminal Justice, Business, Accounting, or a related field, or equivalent work experience.

• A minimum of 3 years of experience in fraud analysis and investigation within the financial sector.

• Experience in omnichannel fraud scenarios including ACH, wire, check fraud, and identity theft.

• Fundamental understanding of Federal, State, and Local criminal statutes, banking regulations, and compliance standards.

• Availability for flexible working hours as needed.

• Capacity to handle confidential information responsibly.

• Demonstrated initiative, self-starting attitude, and proactive mindset.

• Professional appearance and demeanor.

• Team-oriented mindset.

• Ability to thrive in a high-volume environment while meeting deadlines and maintaining exceptional attention to detail.

• Proficiency in technology.

• Familiarity with Verafin Monitoring/Case Management is preferred.

• Industry-recognized certifications such as CFE are advantageous but not mandatory.

🏝️ Benefits

• Eligibility for discretionary bonuses.

• 401(k) plan with a 6% employer match per pay period.

• Medical insurance coverage.

• Vision insurance coverage.

• Dental insurance coverage.

• Life insurance coverage.

• Disability insurance coverage.

• Flexible paid time off policy.

• 11 paid holidays each year.