Fcb Banks - Swansea, IL

posted 5 months ago

Full-time - Entry Level
Swansea, IL

About the position

FCB Banks is seeking dedicated and skilled professionals to join our team as Fraud Analysts. This full-time position is based in Swansea, IL, and is integral to our mission of providing exceptional customer service while ensuring the security of our banking operations. As a locally owned community bank, we pride ourselves on our commitment to our customers and the community. The Fraud Analyst will play a crucial role in detecting and mitigating fraudulent transactions across various delivery channels, including ATMs, debit cards, credit cards, checks, wire transfers, and other negotiable instruments. In this role, you will utilize your expertise to research potential fraud and system issues related to all banking transactions, including online and mobile banking. You will be responsible for reviewing and analyzing accounts and customer situations that may require specialized mitigation tools or a high level of knowledge regarding the evolving landscape of payment systems and electronic banking environments. Your work will directly contribute to minimizing losses and inconveniences for both FCB and its customers. The position requires a proactive approach to assist customers and bank staff with fraud mitigation and recovery of fraudulent transactions. You will handle customer documentation and correspondence related to Regulation E, investigate fraud or other issues related to transaction disputes, and review system and user access reports for potential fraud or security access problems. Additionally, you will be tasked with contacting cardholders to verify transactions, processing affidavit claims, and maintaining a high level of expertise regarding current fraud trends. This role also involves developing and maintaining contacts with local, state, and federal law enforcement agencies to ensure effective collaboration in fraud investigations.

Responsibilities

  • Assist customers and bank staff with fraud mitigation and recovery of fraudulent transactions
  • Handle customer documentation and correspondence in regards to REG E
  • Investigate fraud or other issues related to all transaction disputes
  • Review System and user access reports for possible fraud or security access problems
  • Review ATM and Mobile deposits to analyze suspicious activity, apply holds and escalate if needed
  • Review large dollar items
  • Contact cardholders to verify if ATM and debit card transactions are valid; Close and reissue compromised cards when necessary
  • Process affidavit claims in order to ensure compliance; Work with all bank locations to gather information as needed
  • Conduct timely investigations of suspect fraudulent activity to ensure minimal loss/inconvenience to FCB and its customers
  • Ensure fraud alerts are documented and dispersed to appropriate employees in a timely manner
  • Develop and maintain contacts with local, state and federal law enforcement agencies
  • Research transactions and gather necessary documentation to develop a case file to maintain for internal use
  • Track fraudulent transactions and dollar amounts to report losses and recoveries
  • File records for retention (i.e. ATM disputes, Reg E issues, etc)
  • Maintain a high level of expertise relative to all transactions, including current fraud trends
  • Assist in customer and staff education
  • Identify and report to management suspicious activity that may warrant required regulatory report filings
  • Other duties as assigned by management

Requirements

  • Strong research skills
  • Excellent organizational skills
  • Knowledge of fraud prevention and detection techniques
  • Familiarity with the Bank Secrecy Act
  • Effective communication skills, both oral and written

Nice-to-haves

  • Experience in banking or financial services
  • Knowledge of Regulation E, Regulation CC, and Regulation D
  • Familiarity with BSA rules and regulations
  • Understanding of current fraud trends

Benefits

  • Health insurance
  • Paid time off
  • 401k retirement plan
  • Professional development opportunities
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