Fraud Monitoring Analyst job at DFCU Bank | Apply Now

Monitor financial transactions and accounts to detect red flags and prevent potential fraudulent activities across all banking channels.

Analyze alerts generated by the Bank’s fraud monitoring systems to identify suspicious behavior, such as account takeovers or unauthorized access.

Interpret data from fraud detection dashboards/tools to identify trends or patterns indicative of fraud and take appropriate action to mitigate risk.

Engage with both internal stakeholders and external parties to validate transactions and gather necessary information as needed.

Contribute to the development and periodic review of fraud detection rules by providing data-driven insights.

Facilitate regular communication with Visa Risk Manager (VRM) and other partners to enhance fraud prevention strategies.

Escalate high-risk alerts to the Financial Crime Manager, Head of Financial Crime Management, or Chief Risk Officer when necessary.

Resolve flagged or queued transactions within established Service Level Agreements (SLAs) to minimize financial loss.

Prepare and submit detailed monthly reports on suspected and confirmed fraud cases, including estimated exposure and fraud savings.

Conduct first-level investigations into suspected fraud and other financial crime risks as assigned.

Collaborate with teams across the Bank to raise awareness and drive the implementation of fraud prevention measures.

Support fraud prevention initiatives through internal training and communication on high-risk areas and lessons learned.

Stay informed of emerging fraud techniques and continuously enhance detection capabilities.

Anticipate and assess the potential impact of identified fraud patterns or activities.