Celtic Bank · 11 hours ago
Fraud Analyst
Salt Lake City, UT
Full-time
Hybrid
Entry, Mid LevelCeltic Bank is a leading nationwide lender specializing in various loan programs. They are seeking a Fraud Analyst to protect the bank from financial loss by identifying, investigating, and preventing fraud within commercial lending transactions.
BankingCrowdfundingFinancial ServicesReal Estate
Responsibilities
Review commercial loan applications, supporting documentation, and financial statements to identify indicators of fraud, misrepresentation, or unusual patterns
Conduct enhanced due diligence (EDD) on high-risk borrowers, entities, and transactions
Investigate suspected fraud cases, documenting findings and recommending appropriate actions
Utilize internal and external data sources—public records, credit bureaus, fraud databases, business verification tools—to validate borrower information
Analyze commercial lending activity for anomalies such as identity discrepancies, income/asset fabrication, shell companies, straw borrowers, and falsified collateral
Confirm the legitimacy of commercial borrowers, validate business registration details, and detect discrepancies or "red flags."
Assess business principals by evaluating authorized agents, beneficial owners, and associated persons for accuracy, legitimacy, and potential hidden connections
Interpret Customer Identification Program results to determine whether inconsistencies require escalation, including indicators such as invalid SSNs, mismatched address history, or multiple name associations
Ensure identity‑verification results support KYC/KYB compliance and identify fraud risks during the underwriting and onboarding processes
Review documents flagged for forgery, manipulation, AI-generated, or otherwise suspicious financial documents provided during commercial loan applications
Confirm bank account ownership, account status, and authenticity before funding commercial loans
Confirm borrower and business entity details by validating bank accounts for status and indicators of suspicious behavior, supporting secure disbursement decisions
Incorporate fraud risk insights into commercial loan reviews to prevent unauthorized transactions, identity theft, and account takeover attempts
Qualification
Required
Experience in commercial lending, fraud detection, credit risk, underwriting, or financial investigations
Strong analytical skills with attention to detail and ability to spot patterns or inconsistencies
Working knowledge of commercial lending structures, financial statements, and loan documentation
Proficiency in using fraud detection tools, document verification tools, and data analysis resources
Excellent written and verbal communication skills for documenting findings and advising stakeholders
Experience with SBA lending, equipment finance, or specialty commercial loan programs
Familiarity with BSA/AML regulations, red flags, and SAR processes
Preferred
Certification such as CFE, CRCM, or CAMS is a plus
Benefits
Medical, dental, vision
401(k) with employer match
Life and long-term disability coverage
HSA and FSA plans
Holidays and paid time off requests
Robust wellness program (we're talking catered meals three times a week, lunch and learns, and onsite gym!)
Company
Celtic Bank
Celtic Bank provides residential mortgages, construction loans, SBA and USDA loans, SBA 7(a) loans, and secured business loans.
Founded in 2001
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Andrew Yenchik
Chief Technology Officer
Jake Barney
CFO
Recent News
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2025-10-17
2025-09-17
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