Fraud Analyst

$47,549 - $52,000/Yr

BCforward - New Castle, DE

Full-time - Entry Level

Remote - New Castle, DE

Professional, Scientific, and Technical Services

About the position

The Fraud Analyst position at BCforward Technologies is an entry-level role focused on fraud investigation and regulatory reporting. The analyst will work closely with various business units to monitor accounts for fraudulent activity, escalate suspicious cases, and ensure compliance with regulatory requirements. This role is essential in preventing financial losses and maintaining the integrity of the financial institution's operations.

Responsibilities

• Liaise with another business unit to detect fraud effectively.
• Case monitoring of existing accounts with fraudulent wire activity.
• Escalate suspicious cases to the investigation unit by providing all relevant information to prevent loss to the client.
• Ensure all case details are provided for accurate reporting.
• Review detailed fraud detection information from various sources that provide suspect or unusual activity requiring research and follow-up.
• Provide prompt and appropriate action on identified suspect customers and accounts.
• Draft narratives and file Suspicious Activity Reports (SARs) consistent with FinCEN requirements.
• Case management, providing detailed evidence and all supporting documentation.
• Adhere to all processes, procedures, compliance rules and regulations, applying sound ethical judgment regarding personal behavior, conduct, and business practices.
• Maintain a high level of productivity and accuracy.

Requirements

• Four Year College Degree or equivalent experience.
• Minimum 1 - 5 years of experience in reviewing customer transactions and identifying potentially suspicious activity and fraud reviews/investigations.
• Experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements preferred.
• Work experience in a financial institution with job-specific work experience in Fraud Monitoring.
• Excellent accuracy and strong attention to detail.
• Good organizational skills - ability to multitask and prioritize.
• Excellent research skills including experience with online search tools, such as KYC and Cognos.
• Advanced proficiency in Microsoft Word, Excel, Access, and Outlook.
• Strong writing, analytical, and communication skills.

Nice-to-haves

• Experience in a financial institution with job-specific work experience in Fraud Monitoring.
• Experience with online search tools, such as KYC and Cognos.

Benefits

• Hybrid work environment after onsite training.
• Competitive hourly pay range of $22.86 - $25.00.
• Potential for contract extension beyond 12 months.