Fraud Analyst

🔥 0 minutes ago

🗽 New York – Remote

🗽 New York – Remote

💵 $66.3k - $75.3k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

🧐 Analyst

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Municipal Credit Union

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 1916

🛡️ Insurance

⚖️ Legal

🏦 Banking

Insurance • Legal • Banking

Municipal Credit Union is a not-for-profit financial institution dedicated to serving the banking and lending needs of its members in New York City. Offering a range of personal banking products including checking and savings accounts, loans, credit cards, and insurance services, MCU focuses on helping its members achieve their financial goals through competitive rates and personalized support. With over 100 years of service, MCU emphasizes community engagement and the fulfillment of financial needs of local municipal workers and their families.

📋 Description

• Assess and analyze fraud alerts generated by MCU fraud detection systems or flagged by internal/external sources • Determine alert validity using data, transaction patterns, and risk indicators across financial crime types • Evaluate case risk and determine actions such as clearing, escalating, or freezing accounts • Request additional information from branch personnel regarding alerts • Conduct investigations, comply with regulatory requirements, compile documentation and evidence, and develop initial investigative reports • Maintain accurate case notes and thorough documentation for alert decisioning • Ensure compliance with BSA/AML and Regulation CC • Maintain quality, uniformity, regulatory compliance, and adherence to standard operating procedures • Identify emerging fraud trends and patterns and report findings to the Fraud Mitigation Manager • Research control deficiencies and violations, and recommend enhanced controls • Improve operational efficiencies to reduce production hours and mitigate losses • Collaborate with departments on solutions affecting performance, risk, losses, and organizational threats • Maintain documentation for internal/external audits and legal requests • Complete annual BSA/AML, Fraud, and Cyber training • Maintain current knowledge of fraud risks, regulatory changes, and industry best practices • Provide support, guidance, and training to Investigative Support Specialists • Perform related duties and assigned special projects

🎯 Requirements

• Bachelor or Associate degree in Criminal Justice, Business, Accounting, or a related field, or required work experience • Minimum of 3 years of fraud analysis and investigation experience in the financial industry • Omnichannel experience including ACH, wire, check fraud, and identity theft • Basic knowledge of Federal, State, and Local criminal statutes, banking regulations, and compliance • Flexible hours as required • Ability to maintain confidential information • Proven initiative, self-starter attitude, and proactive approach • Professional appearance and demeanor • Team mentality • Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail • Technological proficiency • Proficiency in Verafin Monitoring/Case Management preferred • Industry-recognized certifications such as CFE are a plus but not required

🏖️ Benefits

• Discretionary bonus eligibility • 401(k) with a 6% employer match per pay period • Medical insurance • Vision insurance • Dental insurance • Life insurance • Disability insurance • Flexible paid time off • 11 paid holidays annually