Fraud Investigator

Description:The Fraud Investigator will diligently safeguard the credit unions assets against loss by performing risk analysis in operational areas with exposure to monetary or legal implications. The Fraud Investigator is responsible for a wide range of complex duties, department and strategic initiatives, end to end investigations and decisions relating to fraudulent applications, transactions, and member fraud claims.

Conduct complex and deep-dive investigations, including reviewing evidence and documentation, to minimize the credit union’s loss exposure and increase recovery of stolen funds/assets. Based on results of investigations, recommend and/or perform corrective action for recovery and loss prevention.

Manage and prioritize case load using case management systems for tracking as well as preservation of fraud cases, evidence and relevant information. Ongoing monitoring of fraud reports and tool performance to ensure that agreed risk levels and positive member experience are maintained.

Provide in-depth research and detailed analysis to support the decision as to whether the suspicious or fraud activity requires a suspicious activity report (“SAR”) filing. Write initial SARs and Continuing Activity SARs for submission to FinCEN.

Analyze member transactional and relationship data to develop and improve transactional or authentication fraud prevention strategies and stay abreast of current fraud trends. Draft and maintain preventative policies and procedures associated with fraud, compliance and security.

Actively work with internal and external business partners on projects and/or department or strategic initiatives. Work collaboratively with law enforcement agencies and other financial institutions. Provide expert testimony in legal proceedings as needed.

Assist in the development of fraud & risk management training and conduct said training as needed. Work with Risk Management to improve investigations, analyze and identify control and procedural issues. Act as a Fraud Subject Matter Expert (SME) when requested or required.

Lend regular support to the branches, other departments and S3 representatives, as well as to other members of the Fraud and Risk team(s). Take on ad hoc projects or assignments related to Fraud.

Complete ongoing training to meet annual CFE or CFCI requirements and to promote growth and understanding of current/future fraud trends and fraud mitigation.

Additional Skills & Qualifications:

Fraud Investigations team includes a manager, a lead and 4 fraud investigators. The handle investigations and loss prevention for the Bethpage organization.

Typically work with internal Retail and Accounting teams, and external vendors, on shore and off shore.

Must have CFE or CFCI certification

About TEKsystems:

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company. The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.