Fraud Analyst Job at Comerica Bank
Fraud Prevention Analyst
The Fraud Prevention Analyst identifies fraudulent situations through the review of suspicious activity reports and / or alerting systems. Initiate appropriate action steps or seek appropriate assistance to protect bank from financial loss.
The Fraud Prevention Analyst identifies fraudulent situations through the review of suspicious activity reports and / or alerting systems. Initiate appropriate action steps or seek appropriate assistance to protect bank from financial loss.
Position Responsibilities:
- 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.
- Conduct routine phone interviews and may participate in or observe more complex interviews with more experienced analysts.
- Independently make decision to continue or terminate account relationships.
- Take appropriate action steps to protect Comerica's assets and minimize losses, with guidance.
Documentation:
- Accurately and thoroughly document alert and case comments and all investigative steps, in compliance with department procedures and standards, with assistance.
- Accurately document all case financial information.
- Write clear and concise narratives which support transactions observed using internal systems and information found on the Internet.
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.
Collaboration/Other:
- Interact with business units, customers, and outside agencies to communicate fraud situations and recommend action steps.
- Participate in department projects as requested. Assist with testing upgrades to internal systems.
Position Qualifications
- Bachelor's Degree from an accredited University or 4 years of relevant experience
- 2 years of experience utilizing Microsoft Office Products including Excel, Word, and Power Point
- 1 years of experience with electronic invoicing tools
8:00am - 5:00pm Monday - Friday. This position offers a hybrid work model that includes onsite and remote days as determined by the manager.
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