Fremont Bank
Title:Senior Fraud Investigative Analyst
Job Location: Livermore, CA
Hiring salary range: $66,000.00 - $99,000.00 annual
Fremont Bank founded in 1964,
is one of the oldest independently owned banks in the Bay Area and is one of the top rated mid-tier banks in the nation. Voteda Top Workplace for 2025 and for the past fifteen consecutive years, Fremont Bank has an immediate opening for a Senior Fraud Investigative Analyst in Livermore, CA.
Position Overview
The
Senior Fraud Investigative Analyst
conducts meticulous investigation of various potentially fraudulent transactions and develops rules to assist with early fraud detection and prevention. The Senior Fraud Investigative Analystis responsible for evaluating the circumstances of suspected or confirmed fraud cases and handling them according to established procedures. Develops procedures to enhance fraud detection efforts; assists in calibration of fraud detection software and training of other investigative analysts.
Role and Responsibilities
Conduct ongoing analysis of existing fraud alerts related to deposit accounts. (Wires, ACH, Checks, Online Account Takeovers, New Accounts and claims: Reg E and Check, etc.)
Works with Vendor and recommends enhancements to improve fraud detection and reduce false positives
Analyzes and makes recommendations to implement new alerts
Contact clients via phone and/or email to validate transaction activity
Performs transactional and activity-based fraud analysis utilizing various tools and reports to identify potential fraudulent activities on deposit accounts
Draft assessment summaries and other written investigative/intelligence products to support decisions and recommendations
Assist business partners in identifying control deficiencies that resulted in a loss or exposure identified during an investigation
Develop procedures and provide training for new team members
Escalate cases for further investigation and potential recovery to Security
Reviews high risk transactions for potentially fraudulent activity
Complete other duties as assigned. Minimum Qualifications 4 years of risk management/fraud experience in financial industry or 4 year degree with 3 years of related banking experience
Working knowledge of research methodology of fraud and financial crime activities
Knowledge of fraud detection, prevention, authentication strategies and techniques
Detailed oriented and the ability to work independently
Strong interpersonal, analytical and problem-solving skills
Experience working in a fast-paced production-based environment and managing an assigned work queue
Ability to effectively communicate with clients to resolve risk and fraud issues
Solid knowledge of state and federal bank compliance procedures and card brand operating guidelines as they relate to fraud investigation and analyses
Ability to interpret complex documents such as federal regulations and operating guidelines
Ability to write procedure updates or implement new procedures
Proficient with Microsoft Word, Excel, PowerPoint, Outlook and Internet Explorer
Excellent communicator with strong written and verbal communication skills Willingness to be flexible
Preferred knowledge of Verafin, Fiserv banking software, MasterCard connect and DTS Preferred knowledge of the Check clearing and adjustment rules Preferred knowledge of NACHA Rules and Regulations Preferred knowledge of Wire related regulations and guidelines Preferred knowledge of MasterCard rules and regulations
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is one of the oldest independently owned banks in the Bay Area and is one of the top rated mid-tier banks in the nation. Voteda Top Workplace for 2025 and for the past fifteen consecutive years, Fremont Bank has an immediate opening for a Senior Fraud Investigative Analyst in Livermore, CA.
Position Overview
The
Senior Fraud Investigative Analyst
conducts meticulous investigation of various potentially fraudulent transactions and develops rules to assist with early fraud detection and prevention. The Senior Fraud Investigative Analystis responsible for evaluating the circumstances of suspected or confirmed fraud cases and handling them according to established procedures. Develops procedures to enhance fraud detection efforts; assists in calibration of fraud detection software and training of other investigative analysts.
Role and Responsibilities
Conduct ongoing analysis of existing fraud alerts related to deposit accounts. (Wires, ACH, Checks, Online Account Takeovers, New Accounts and claims: Reg E and Check, etc.)
Works with Vendor and recommends enhancements to improve fraud detection and reduce false positives
Analyzes and makes recommendations to implement new alerts
Contact clients via phone and/or email to validate transaction activity
Performs transactional and activity-based fraud analysis utilizing various tools and reports to identify potential fraudulent activities on deposit accounts
Draft assessment summaries and other written investigative/intelligence products to support decisions and recommendations
Assist business partners in identifying control deficiencies that resulted in a loss or exposure identified during an investigation
Develop procedures and provide training for new team members
Escalate cases for further investigation and potential recovery to Security
Reviews high risk transactions for potentially fraudulent activity
Complete other duties as assigned. Minimum Qualifications 4 years of risk management/fraud experience in financial industry or 4 year degree with 3 years of related banking experience
Working knowledge of research methodology of fraud and financial crime activities
Knowledge of fraud detection, prevention, authentication strategies and techniques
Detailed oriented and the ability to work independently
Strong interpersonal, analytical and problem-solving skills
Experience working in a fast-paced production-based environment and managing an assigned work queue
Ability to effectively communicate with clients to resolve risk and fraud issues
Solid knowledge of state and federal bank compliance procedures and card brand operating guidelines as they relate to fraud investigation and analyses
Ability to interpret complex documents such as federal regulations and operating guidelines
Ability to write procedure updates or implement new procedures
Proficient with Microsoft Word, Excel, PowerPoint, Outlook and Internet Explorer
Excellent communicator with strong written and verbal communication skills Willingness to be flexible
Preferred knowledge of Verafin, Fiserv banking software, MasterCard connect and DTS Preferred knowledge of the Check clearing and adjustment rules Preferred knowledge of NACHA Rules and Regulations Preferred knowledge of Wire related regulations and guidelines Preferred knowledge of MasterCard rules and regulations
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