Fraud Prevention Senior Analyst na Comerica Bank
Comerica Bank · Farmington Hills, Estados Unidos Da América · Onsite
- Senior
- Escritório em Farmington Hills
FP Senior Analyst
Identify fraudulent situations through the review of suspicious activity reports. Initiate appropriate actions steps or seek appropriate assistance to protect bank from financial loss. Support Team Leader on a variety of other tasks.
Position Responsibilities:
Determine Suspicious Activity
Determine Suspicious Activity
- Review suspicious activity/exception reports to identify fraudulent or suspicious transactions and protect the bank from any loss using various internal systems i.e., shared database, Hogan, Check Vision, and COLD.
- Good working knowledge of various research and investigative software programs.
- Conduct routine phone interviews.
- Independently make decision to continue or terminate account relationships.
- Clear understanding of various fraud detection tools and their associated parameters.
- Take appropriate action steps to protect Comerica's assets and minimize losses.
- Ability to detect various fraud schemes and characteristics of red flags.
- Ability to identify identity theft and account takeover situations.
- Ability to identify fraud trends and patterns.
- Strong working knowledge of various fraud schemes (kiting, structuring, skimming, elder abuse, etc.) and characteristics of red flags.
- Excellent working knowledge of various fraud detection tools and their associated parameters.
- Recommend parameter changes to prevention tools based on fraud trends and patterns identified.
Documentation/Efficiencies
- Accurately and thoroughly document alert and case comments and all investigative steps, in compliance with department procedures and standards, with little to no supervision.
- Accurately document all case financial information.
- Write clear and concise narratives which support transactions observed using internal systems and information found on the Internet.
- Review, evaluate, and recommend changes to current group responsibilities, policies, and/or procedures.
- Identify gaps and potential efficiencies and draft recommendations to management for consideration.
Professional Leadership/Collaboration
- Coach and mentor other team members.
- Serve as back-up to Team Lead or other team members when necessary.
- Train new team members.
- Lead special projects and departmental initiatives as requested.
- Act as a liaison with business units, customers, outside agencies, and other financial institutions to communicate fraud situations and recommend action steps.
- Work with law enforcement if necessary.
- May testify on behalf of the bank in criminal and civil matters.
- Assist with implementation and testing upgrades to internal systems.
Compliance
- Accurately identify Suspicious Activity Reports (SARs) and Management Notifications and submit timely.
- Identify operational weaknesses contributing to losses and submit details and recommendations to manager.
- Ensure REG CC holds that are placed meet regulatory guidelines.
- Maintain a thorough understanding of regulatory requirements.
