Apply on Employer Site

CFSB · 1 month ago

Associate, Fraud Risk Analyst

New York, NY

Full-time

Onsite

Entry Level

$75K/yr - $90K/yr

2+ years exp

CFSB is a full-service payments, lending and banking provider that delivers global financial services through a personal approach. CFSB is seeking an Associate, Fraud Risk Analyst, responsible for assisting the Bank’s Risk Team in fraud monitoring activities across all lines of business, identifying and resolving issues of moderate complexity.

BankingCommunitiesFinancial ServicesLending

Responsibilities

Observe customer transactions to identify fraudulent activity such as account take over, friendly fraud, theft and suspicious activity

Respond to inbound calls from customers and other financial institutions concerning unusual activity

Generate periodic reports and monitor real time queues to identify high risk transactions

Ensure escalation of fraud cases are properly handled and documented according to procedures

Develop suspicious activity reports (SARs) for identified unusual activity

Determine existing fraud trends by analyzing accounts and transaction patterns

Interact with the Bank’s data processors and clients to validate information and to confirm or cancel authorizations

Analyze transaction data with a view to optimize risk management strategies for clients

Recommend fraud mitigation processes for emerging transaction patterns and trends

Interact with other departments/lines of business on resolution of issues (ex. Operations Department, and CFSB clients)

Maintain knowledge of industry best practices and technologies within payment risk management

Develop in-depth knowledge of risk management products through research and testing in order to act as subject matter expert to clients and other team members

Effectively utilize and operate all tools and technology appropriate to role (ex. Lexis Nexis, SQL, Microsoft Office, Etc.)

Qualification

Fraud analysisData analysisRisk managementSQLMicrosoft OfficeCommunication skillsProblem-solvingAttention to detail

Required

Bachelor's degree in finance, Business, Science, Engineering, Computing or related field

2+ years of experience with interpreting results from fraud tools used to combat financial fraud

Background in analyzing large sets of transaction data to identify patterns and trends

Knowledge of various customer types and their respective functions (ex. Money service businesses, money transmitters, pre-paid card programs, debit card programs, and retail banking customers desired)