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Centreville Bank · 1 week ago

Senior Fraud Analyst

West Warwick, RI

Full-time

Onsite

Senior Level

5+ years exp

Centreville Bank is seeking a Senior Fraud Analyst to support the BSA Officer in the administration and execution of its Fraud Program. The role involves advanced fraud analysis, complex case investigation, and operational support to ensure effective fraud detection and prevention.

BankingCommunitiesFinancial Services

Responsibilities

Assist the BSA Officer in the administering of the Bank’s risk-based Fraud Program and Fraud Risk Assessment

Support the development and implementation of fraud-related forms, notices, procedures, and monitoring processes as directed

Provide input and support in the review and update of fraud policies and procedures to reflect regulatory updates and operational improvements

Assist in monitoring the effectiveness of fraud controls and provide recommendations for enhancements as needed

Conduct and support timely, thorough investigation and disposition of fraud alerts generated by the Bank’s Fraud and Anti-Money Laundering (FRAML) software

Investigate and document cases of elder financial exploitation, ensuring proper reporting in accordance with applicable state laws

Investigate and document identity theft incidents as needed

Prepare investigative reports for law enforcement, including collection, preservation, and documentation of evidence

Compile necessary documentation to support Suspicious Activity Report (SAR) decisions, including filings or no-filings; collaborate with internal business units and law enforcement as needed

Ensure accuracy and compliance in SAR preparation and submission, including:

Reviewing and validating supporting documentation

Drafting clear, comprehensive narratives

Completing and submitting SARs in Verafin for review by the BSA Officer or designee

Research and analyze fraud trends, industry benchmarks, and regulatory changes to support proactive identification of emerging fraud risks

Submit quarterly fraud and identity theft metrics to the BSA Officer for reporting to the Enterprise Risk Management Committee

Identify upstream fraud risks and provide recommendations to enhance fraud prevention

Contribute to the Bank’s enterprise risk and fraud mitigation strategies through reporting and participation in internal committees or working groups as directed

Maintain current knowledge of banking laws and regulations related to fraud

Support the BSA Officer in ensuring Bank policies, procedures, and systems remain compliant and updated as needed

Provide recommendations and assistance in implementing procedural improvements to strengthen internal controls

Mentor, coach, and support the development of the Fraud Analyst

Design and deliver fraud awareness and educational programs to Bank personnel to promote prevention and compliance

Keep staff informed about fraud trends, regulatory updates, and investigative best practices

Support the BSA Officer and senior management with special projects related to fraud and compliance

Collaborate with departments including BSA/AML, Compliance, Risk, and Information Security to strengthen the Bank’s overall control environment

Perform other duties as assigned in support of the Bank’s fraud risk management goals

Qualification

Fraud investigationsBank Secrecy Act (BSA)Analytical skillsMicrosoft Office SuiteCertified Fraud Examiner-CFECommunication skillsProblem solvingAttention to detailConfidentialityMentoring