Job Title: Fraud Risk Analyst

Classification: Exempt

Reports To: VP Fraud Risk

General Summary: The Fraud Risk Analyst has day to day Fraud operation responsibilities within the Financial Intelligence Unit of Congressional Bank. Responsibilities include but are not limited to reviewing and investigating fraud alerts, conducting investigative reviews, identifying fraud trends, and ensuring timely reporting of all activity to the VP Fraud Risk.

Duties and Responsibilities:

Supports the Financial Intelligence Unit activities and the VP Fraud Risk in ensuring the proper execution of the Fraud Program. This includes the regular exercise of discretion and independent judgment with respect to matters of significance.
Gather, organize, and analyze data through the use of analytical, tracking and data management tools
Evaluates system alerts for potential fraudulent activity and evaluates possible courses of conduct with respect to alerts and associated cases and acts or makes decisions or effective recommendations for actions or decisions after the various possibilities have been considered in a timely manner.
Engages in review of transactions from multiple systems to identify potential fraud.
Analyzes internal controls based on investigation findings and recommends enhancements/remediation.
Recommends account closures or declines when appropriate with the goal to minimize losses.
Escalate suspicious activity cases to the attention of the SAR Committee. Participate in and make recommendations with respect to the decision process for reporting suspicious activity to FinCEN.
Participate in the development, maintenance and updating of the fraud policies and procedures. Ensure policy communication and exceptions are properly reported and managed.

QUALIFICATIONS/SKILLS AND KNOWLEDGE REQUIREMENTS:

Bachelor’s Degree in Business, Finance, Management, or related field.
Minimum of five years of investigating financial crimes in the financial services industry.
Certified Fraud Examiner (CFE) certification preferred
Strong understanding of banking regulations, including FCRA-Red Flags, GLBA, Information Security.
Strong attention to details.
Excellent communication and writing skills.
Ability to work independently and with others.
Proficiency with Verafin software is a plus.
Proficiency in Microsoft Office Excel, Word, PowerPoint.
Ability to analyze potential courses of action on significant matters and make an informed decision on how to act and/or make and defend effective recommendations
Interpersonal Skills: A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports, and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance.