Fraud Analyst

Payments Risk 

Financial Institution / Fintech Sponsor Bank
Are you a motivated team player with a passion for risk and an interest in innovative financial services? In this newly created opportunity, you will perform risk monitoring reviews and investigations with a specific focus on the prepaid card transaction channel for this fintech sponsor bank. Through your investigations, you will draw logical and reasonable conclusions based on behaviors and alerts, and communicate your findings to risk leadership. You will support and improve fraud prevention and monitoring processes of the risk department. If you have experience in transaction payment monitoring, prepaid programs and/or providers, and card networks, this could be your opportunity for advancement. Your exposure to BSA/AML will help you identify and report financial crimes. Enjoy success as you leverage your expertise to protect the integrity of the prepaid and payments systems, and adhere to the rules, policies, and procedures to mitigate fraud and chargeback risks to clients and customers.

Key Responsibilities:
  • Review and analyze transactional data and account activity for unusual, potentially suspicious, and suspected fraudulent activity that derive from the bank’s alert detection systems and processes. 
  • Conduct due diligence, evaluate the circumstances, and recommend appropriate risk-based actions for any cases of potential fraud; escalate as necessary. 
  • Collaborate with personnel from other departments when conducting investigations, as appropriate. 
  • Communicate with management on internal control deficiencies detected during the account monitoring/investigative processes. 
  • Maintain knowledge of the bank’s products, services, customers and geographic locations, and the potential fraud risks and mitigants associated with those activities. 
  • Maintain proficiency in all aspects of BSA/AML compliance.
  • Write and file Suspicious Activity Reports and apply appropriate risk mitigation measures, while ensuring appropriate documentation of all research and analysis is conducted in accordance with applicable recordkeeping guidelines. 
  • Actively support managers and supervisors with AML/Fraud investigations, while coordinating with team members and other departments to determine the proper course of action in handling potentially suspicious activity as required by applicable global regulatory, law enforcement or, Financial Intelligence Units (FIU). 
  • Communicate and document the review findings, take risk related decisions and act upon them
  • Work closely with other teams and departments to support the processes and products towards improving the monitoring oversight
Ideal Background:
  • High level of tact and integrity due to the frequency of communicating with high-level internal and external contacts, as well as regular exposure to confidential data 
  • Superior written and verbal communication skills, must speak English
  • Ability to work independently in conducting research and providing data-driven analytical risk insights 
  • Advanced analytical, investigative, and problem-solving skills 
  • Ability to work in a fast paced and dynamic environment, handle multiple tasks, consistently meet established deadlines, and deliver exceptional results 
  • Excellent technical skills including Microsoft Office 
  • Fraud experience - minimum three years in online risk (fraud/AML/CTF) prevention
  • 2+ years' experience in Prepaid and payment channels experience
  • 2+ years' experience in AML monitoring/investigations
  • Ability to utilize performance data to analyze and report
  • Experience developing and/or maintaining an organizational Fraud Policy
  • Bachelor’s Degree
  • Certified Fraud Examiner designation within six months of start date
Remote, US
Principal Consultant:
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R&P Group is an executive search firm specializing in credit card recruiting, commercial credit card recruiting, payment processing recruiting, fintech recruiting, card sales recruiting, and prepaid card recruiting. R&P Group's relationship-oriented approach, due diligence and personalized service have led to many long-term clients, both with employers and candidates. R&P Group is based in Sioux Falls, SD and has clients all over the United States.