Cross River's Compliance team needs to ensure the business is consistent with current regulations, and the Fraud Analyst will play an important role in managing potential loss investigations, mitigating losses, enhancing preventive measures, recovering funds, and ensuring strong levels of controls.
Requirements
- Demonstrated prior fraud investigation experience and skills, including the ability to develop an investigation approach/strategy, obtain and analyze evidence, draw relevant conclusions, and recommend control enhancements.
- Experienced in writing and filing Suspicious Activity Reports (SAR).
- Strong analytical, problem-solving, and decision-making skills.
- Working knowledge of research methodology of fraud and financial crime activities.
- Knowledge of fraud detection, prevention, authentication strategies and techniques.
- Ability to handle a variety of tasks simultaneously and prioritize accordingly.
- Professional certifications such as CAMS, CFCS, CFE, etc.
Responsibilities
- Review and assess alerts generated by the fraud transaction monitoring platform to identify potentially suspicious activities.
- Review alerts/cases by analyzing transactional data, loan documentation, customer profiles and behavioral patterns to determine which alerts/cases require escalation or closure.
- Conduct independent investigations into suspected illegal, fraudulent, or unusual activity involving financial accounts, customers, and associates.
- Consult with peer institutions, partners, and/or law enforcement agencies when required.
- Manage multiple alerts/cases/investigations simultaneously and provide formal reporting.
- Prepare case files to adequately document investigations performed with supporting evidence for all forensic findings.
- Prepare clear, comprehensive and cohesive investigative reports and memorandum in a timely manner.
Other
- Ability to interact, influence, negotiate and challenge management when necessary.
- Demonstrated ability to work independently and complete cases/projects in a timely manner in a fast-paced and changing environment.
- Ability to effectively communicate with stakeholders and across business units to resolve risk and fraud issues.
- Strong organizational and communication skills, ability to work independently.
- Provide guidance and assistance to fellow associates when needed.
