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Job Details

Fraud Investigator

New York City, NY, United States

Posted on
Dec 04,2019

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Bachelor's Degree
Certified Fraud Examiner
Microsoft Word
Analysis Skills
Microsoft Office
Dental Insurance
Health Insurance
Paid Time Off
Retirement Plan
Member Focused, Employee Driven.
**MEMBERS ONLY**SIGN UP NOW***. has been serving the financial needs of its members for over 100 years. Headquartered in the financial district of Manhattan with assets of almost $3 billion, we serve over 500,000 members with 22 branches in the five boroughs. Currently, **MEMBERS ONLY**SIGN UP NOW***. is reinventing itself under new leadership with a mission of providing the best member service and exceptional value to our members. If you are interested in changing the status quo and making a difference in peoples’ lives, consider joining our new team! **MEMBERS ONLY**SIGN UP NOW***. offers a highly competitive total rewards package including retirement benefits, medical and dental plans, generous paid time off and much more.
Fraud Overview:
Responsible for executing on all assigned aspects of fraud identification, investigations and reporting, as well as Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance function applicable to activity meeting regulatory reporting requirements.
Specific duties include, but are not limited to, the following:
Executes duties with respect to MCU’s fraud program so that they operate in accordance with all applicable laws, rules and regulations.
Assist in monitoring and analyzes core system - generated financial reports to uncover money laundering or other illicit schemes and escalate as necessary.
Conduct escalated research and adjust accounts as needed.
Administer and monitor restrictions on member accounts reported on system.
Conduct escalated research and adjust accounts as needed.
Administer restrictions on member accounts as needed.
Collaborates with MCU personnel regarding interactions with Members to aid in investigations
Investigates daily fraud alerts, including alerts and case disposition.
Investigates and responds to any fraud inquiries from Credit Union members and employees.
Investigates claims submitted by Members to determine appropriate action, including recommending closure and recommending expulsion.
Prepares and completes Suspicious Activity Reports (SARs) when required.
Assists other investigators and departmental staff in more complex matters, as well as sensitive internal matters, including those that may involve employees.
Engages with law enforcement and other agencies on investigations.
Represents the credit union in both criminal and civil matters at the state and federal level as appropriate and necessary.
Completes annual BSA/AML/OFAC training requirements and keeps current with fraud trends and security risk management.
Perform other related duties as requested and special projects as assigned
College degree, preferably in a science, law or math discipline, or criminal justice, business or accounting depending on investigative role.
Three to Five years of related experience in a financial institution or in an investigatory/law enforcement position.
Professional Certification related to financial crimes investigations preferred (ACAMS, CFE).
Must have substantial knowledge of the BSA, USA PATRIOT Act, OFAC and related regulations and/or basic knowledge of Federal/State/Local criminal statutes.
Well-organized and detail oriented.
Analytical skills.
Requires independent thinking.
Ability to conduct basic research.
Ability to exercise discretion in dealing with sensitive and significant matters.
Ability to interpret and understand laws and regulations.
Ability to communicate effectively, written and verbal.
Financial, Financial Crimes and/or Banking Compliance knowledge.
Possess a strong sense of urgency. Effectively sets priorities, allocates resources, takes accountability and achieves results.
Possess a strong sense of urgency. Effectively sets priorities, allocates resources, takes accountability and achieves results.
Proficient in Microsoft Office (Word, Excel, and Outlook).
Highly ethical.
**MEMBERS ONLY**SIGN UP NOW***. (MCU) is an Equal Opportunity Employer.
MCU provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

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