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Fraud Detection Analyst

Company: MSi Workforce Solutions
Location: Chattanooga
Posted on: January 27, 2023

Job Description:

THIS POSITION IS IN CHATTANOOGA, TENNESSEE
Fraud Detection Analyst Job Description

At MSi Workforce Solutions we are passionate about helping our clients and job candidates in our community where we live, work, learn and play. As a triple certified (MBE., DBE., SWMBE) Human Resource and Workforce Development Firm, we're one of the regions most innovative and successful HR partners providing talent solutions to our clients. MSi is an equal opportunity employer committed to creating and building a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Position Overview

Bank fraud is defined as using deception to steal money or assets from a bank, financial institution, or a bank's clients. As a Fraud Detection Analyst, your responsibilities are to monitor bank accounts, financial transactions, banking history, and other financial documents to identify any potential fraudulent activity to mitigate real and potential losses. Our people and fraud experience offer the greatest benefit to our partners and their clients.

Job Description


  • Review and investigate customer cases, alerts, and reports for potential and actual loss.
  • Minimizes fraud and organizational risk. Performs early detection of suspicious activity. Controls and prevents losses.
  • Researches and analyzes bank activities and reports to detect and prevent possible fraudulent and suspicious activities. Recommends disposition, Identifies gaps and control enhancements.
  • Uses defined research procedures to identify and resolve issues, identifies trends and escalates as appropriate.
  • Follows standards and practices to mitigate fraud and other risk exposure and loss.
  • Interpret fraud data and trends


    Preferred Qualifications


    • Associate or Bachelor Degree Finance degree is a plus
    • Certified Fraud Examiner (CFE) and/or criminal justice experience
    • SQL experience
    • One year fraud operations experience
    • One year of banking, financial industry or related experience


      Minimum Qualifications


      • High school diploma or equivalent education, experience and related training
      • Ability to learn and perform complex processes in order to meet requirements of the procedures, policies, and regulations that govern the financial institution's department
      • Strong investigative, analytical, and critical thinking skills
      • Strong work prioritization and time management skills
      • Strong interpersonal, communication and client service skills
      • Demonstrated proficiency in basic computer applications such as Microsoft Office software products
      • Ability to work in a high-stress, fast-paced, rapidly changing environment, multitask, navigate multiple systems
      • Ability to work from reports, create reports, comprehend, decipher and return data
      • Ability to work in deadline driven environments
      • Ability to present and explain data to senior management
      • Ability to work independently with little supervision


        Desired Competencies

        The following desired competencies are skills need for productivity, time management, and effective fraud analysis:


        • Business Ethics Knowledge of practices, behaviors, applicable laws, rules, and regulations governing proper business conduct; ability to demonstrate ethical behavior in diverse situations, ability to work independently, self motivated.
        • Business Process Improvement Knowledge of and ability to use methods for identifying, evaluating, introducing, and implementing more efficient approaches to performing business related activities.
        • Decision Making and Critical Thinking Understanding of the issues related to the decision-making process; ability to analyze situations to reach accurate decisions.
        • Effective Communications Understanding of effective communication concepts, tools, and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
        • Fraud Detection and Prevention Knowledge of and ability to utilize processes, tools, and techniques for detecting, addressing, and preventing fraudulent situations.
        • Information Capture Knowledge of the processes and the ability to identify, capture and document relevant business information in an auditable, organized, understandable and easily retrievable manner, detail oriented, and be curious.
        • Operational Risk Knowledge of policies and processes for operational risk management; ability to use tools, data, and best practices to identify, assess, and manage operational risk exposures.
        • Problem Solving Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply this knowledge appropriately to diverse situations.
        • Knowledge of financial services products, knowledge of banking operations and banking regulatory guidelines.

Keywords: MSi Workforce Solutions, Chattanooga , Fraud Detection Analyst, Professions , Chattanooga, Tennessee

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