Fraud Analyst

Commonwealth Financial Network - Waltham, MA

Full-time - Mid Level

Remote - Waltham, MA

1,001-5,000 employees

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

Commonwealth is seeking a Fraud Analyst to join its Fraud and Senior Investor Protection department. This role is crucial for investigating and preventing financial fraud and exploitation, particularly for vulnerable clients. The position offers a hybrid work schedule, allowing for a balance between remote and in-office work, and emphasizes a supportive work environment that values employee growth and work/life balance.

Responsibilities

• Conduct routine to complex investigations of suspected financial exploitation and fraud.
• Perform fraud risk identification and prevention functions, including suspicious activity monitoring and forensic accounting reviews.
• Work with internal and external stakeholders to advance investigations and reduce fraud loss.
• Consult financial advisors on identifying fraud risks and advising clients on asset protection strategies.
• Maintain awareness campaigns for the advisor community and home office employees.
• Provide regular reporting to management on alert and case volume, threats, and trends.
• Prepare and file suspicious activity reports in compliance with regulatory standards.
• Stay current on emerging trends in financial fraud and exploitation.

Requirements

• 2+ years of experience in an anti-money laundering or fraud investigation environment in the financial services industry or law enforcement.
• Proven expertise in financial investigations using risk-based judgment and problem-solving skills.
• Exceptional client focus with the ability to build relationships and establish trust quickly.
• Experience working with external entities such as law enforcement and regulators.
• Ability to handle highly confidential information with discretion.
• Exceptional verbal and written communication skills.

Nice-to-haves

• CAMS or CFE certification preferred or ability to obtain within 12-24 months of employment.
• Knowledge of estate planning and trust documentation.
• Knowledge of Bank Secrecy Act and related regulations.
• Experience in NICE Actimize is a plus.
• Active and valid FINRA Series 7 is a plus.
• Bachelor's degree preferred.

Benefits

• Generous bonus programs
• 401(k) programs
• Tuition reimbursement
• Flexible work schedules
• Hybrid work schedule