50 applicants

Company

Ally · 20 hours ago

Auto Fraud Investigator, Business Line Risk

Texas, United States

Full-time

Remote

Mid Level

$55K/yr - $95K/yr

3+ years exp

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Responsibilities

Provide investigative and fraud risk services in support of the Automotive Finance Line of Business. Position is responsible for investigating external financial crimes; reviewing current controls, recommending control enhancements, ensuring applicable regulatory compliance, and preparing investigative reports for both senior leadership and FinCEN.

Utilize sound judgment and knowledge of financial investigative tools/techniques to establish an investigative plan; initiate investigation by gathering facts and evidence; prepare independent investigative reports that document findings while examining the current control environment; prepare confidential investigative reports; perform research and analysis using back-end customer profile and transactional systems; conduct appropriate research with industry peers and law enforcement.

Evaluate investigative findings, draft clear and concise investigative reports, communicate with referring source and supervisor and determine need for additional investigative activity.

Maintain current knowledge and awareness of investigative fraud techniques, privacy laws, bank regulations, investigation and security incident handling policy and procedure. Possess a strong working knowledge of an automotive line of business operating practices and policies; and maintain strong working relationships with appropriate industry groups and governmental agencies. Position will work closely with Legal, Compliance, LOB representatives, Risk, Audit, Human Resources, vendors and law enforcement.

Effectively execute countermeasures and various mitigation strategies to avoid additional losses to the company.

Work with other Ally functions to ensure optimal efforts are taken to recover potential losses (e.g. repo, restitutions, assumptions, insurance claims, etc.).

Work cooperatively with EFSI and collaborate on higher risk investigations, some interaction may be necessary with other industry partners and/or local, state and federal authorities.

Ensure enterprise-wide compliance with established standards, policies and procedures for auto, set by Enterprise Fraud, Security and Investigations or other Ally departments.

Support the development and refinement of the Risk Appetite Statement by maintaining and implementing Consumer Auto Portfolio risk appetites that align with the enterprise according to manager guidance.

Qualification

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Fraud investigationsConsumer Fraud IndustryCFE CertificationRisk management conceptsAutomotive fraud techniquesBusiness degreeFinance degreeEconomics degreeMathematics degreeStatistics degreeRelationship managementPrivacy laws knowledgeBank regulations knowledgeSecurity incident handlingInvestigative reporting

Required

Minimum of 3+ years’ experience in fraud investigations/Consumer Fraud Industry experience (auto, card, mortgage, etc) required

Understanding of risk management concepts and key performance drivers within consumer lending portfolios.

Strong understanding of the threats relating to both direct and indirect auto financing operations

Excellent organizational, management, and communications skills

Ability to foster collaborative work partnerships and influence people at all organizational levels

Relationship management with the ability to influence without authority.

Must have knowledge of fraud risks and schemes

Demonstrates the ability to work collaboratively and effectively at all levels of the organization

Preferred

Associate/Bachelor’s/MBA degree in Business, Finance, Economics, Mathematics or Statistics preferred.

Certification in area of specialization-CFE (Certified Fraud Examiner Certification) or equivalent-strongly preferred.

Should have knowledge of auto and bank fraud investigative techniques preferred.

Benefits

Time Away: 11 paid holidays, 20 paid time off days, and 8 hours of volunteer time off, yearly (paid time off is prorated based on start date)

Planning for the Future: plan for the near and long term with an industry-leading 401K retirement savings plan with matching and company contributions, student loan pay downs and 529 educational save up assistance programs, tuition reimbursement, employee stock purchase plan, and financial learning center and financial coach access.

Supporting your Health & Well-being: flexible health and insurance options including medical, dental and vision, employee, spouse and child life insurance, short- and long-term disability, pre-tax Health Savings Account with employer contributions, Healthcare FSA, critical illness, accident & hospital indemnity insurance, and a total well-being program that helps you and your family stay on track physically, socially, emotionally, and financially.

Building a Family: adoption, surrogacy and fertility assistance as well as paid parental and caregiver leave, Dependent Day Care FSA back-up child and adult/elder care days and childcare discounts.

Work-Life Integration: other benefits including Mentally Fit Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.

Other compensations: depending on the role for which you are considered, you may be eligible for travel allowances, relocation assistance, a signing bonus and/or equity.