Note: The job is a remote job and is open to candidates in USA. BankUnited is seeking a Fraud Operations Analyst I to monitor and investigate potentially fraudulent account activity across banking channels. The role analyzes fraud cases, validates transactions with customers, manages alerts and claims, identifies trends, and supports loss prevention and regulatory compliance efforts.
Responsibilities
- Analyze and monitor daily reports generated by various fraud detection tools, to detect fraudulent card, check, ACH, wire transfer, malware, online banking activity and other, and take the appropriate action according to applicable procedures
- Analyze fraud cases to identify possible trends and points of compromise and present case analyses to Senior Fraud Operations Analyst and/or Management when needed
- Manage Alerts/Cases, to ensure alerts and cases are handled timely and case details are documented accurately, with concise summary
- Use internal and external resources to obtain forensic evidence for investigative purposes when reviewing fraud detection reports or investigating cases
- Ensure investigations and resolutions comply with applicable laws, department procedures, Bank policy, and industry leading practices to reduce the Bank's exposure to civil litigation
- Process and analyze Electronic Funds Transfer (EFT) customer fraud claims according to regulatory guidelines
- Perform other fraud operational functions assigned, such as investigating credit report disputes for demand deposit and savings account, reporting charged off overdrawn accounts to consumer reporting agency, mailing applicable customer notification and managing overdrawn account collection
- Serve as a branch support and provides guidance regarding unusual, suspected/confirmed fraud, or undesirable activity
- Contact and effectively communicate with customers as needed via multiple channels (phone, email, secure messages) to validate information and confirm authorization of transactions (wires, Debit Card etc.) or other account activity. Review and analyze accounts and customer situation that may require differentiated treatment or specialized resolution
- Escalate cases to the Fraud Investigations Unit when applicable
- Remain current with arising fraud trends and activities by attending networking workshops and/or training
- Assist Senior Fraud Operations Analyst and CFD Management in loss, prevention, detection and recovery analysis when needed
- Other requests from management
- Must be able to travel occasionally as part of the Disaster Recovery Team
- Must be able to work flexible work schedule that may include shift work (i.e late shift up to 8:30PM)
- Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.)
- Adheres to Bank policies and procedures and completes required training
- Identifies and reports suspicious activity
Skills
- • Must be knowledgeable of Regulations/Acts that pertain to the job functions which include but are not limited to; Regulations E, CC, GG, and V; the FCRA, FACT Act, Bank Secrecy Act; NACHA and Visa Operating Rules
- • Must specialize in bank fraud prevention, detection, deterrence, and investigations
- • Intermediate to strong understanding of financial transactions, is required
- • College Degree preferred
- • 2-3 years work experience in similar setting with financial exposure preferred
- • 2+ years of financial fraud prevention and detection experience preferred preferred
- • Candidates residing in locations within BankUnited's footprint may be given preference
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