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Fraud Analyst

Company: Northwest LLC
Location: Warren
Posted on: May 28, 2023

Job Description:

The Fraud Analyst is responsible for analyzing alerts from various systems and sources to determine perceived riskiness and determine appropriate course of action. This individual will support various fraud related activities, including investigating and resolving reported external fraud, monitoring the fraud detection system, and coordinating fraud alerts.
Essential Functions

  • Ensuring compliance with Northwest policies and procedures
  • Ensuring compliance with Federal/State regulations
  • Managing personal workload/workflow
  • Preparing and analyzing departmental reports
  • Ensuring total document/data integrity
  • Maximizing technology tools available
  • Providing back up to Fraud Specialist
  • Developing/implementing forms/procedures for manual
  • Conducting Fraud Training Presentations for employees and customers
  • Attending Fraud Group Meetings Fraud Activity:
    • Planning investigations/coordinating cases with law enforcement agencies
    • Conducting interviews with customers
    • Compiling documentation
    • Developing investigative reports
    • Investigating fraud schemes and patterns
    • Reconstructing sequence of fraudulent events
    • Substantiating findings
    • Consulting on issues of fraud, suspicious activity and security
    • Reporting large losses, internal fraud, critical cases
    • Developing relationships with vendors
    • Developing/analyzing fraud alerts
    • Recommending improvements to procedures
    • Implementing controls to minimize fraud occurrences
    • Assisting with verifying checks Technology:
      • Self-learning/knowledge of Word/Excel
      • Self-learning/knowledge of Power Point
      • Self-learning/knowledge of the Signature system
      • Self-learning/knowledge of the Transaction Processing Systems
      • Self-learning/knowledge of the Fraud Detection System Compliance:
        • Ensuring knowledge of Northwest's regulations impacting fraud investigation
        • Demonstrating knowledge of UCC check collection
        • Demonstrating knowledge of check cashing laws Education and Experience Preferred:
          • 3+ years Bank or fraud related experience
          • Knowledge of Signature system
          • Strong analytical and investigative skills
          • Understanding of account histories and transactions
          • Strong interpersonal and communication skills
            Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
            The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Keywords: Northwest LLC, Detroit , Fraud Analyst, Professions , Warren, Michigan

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