Fraud Management Financial Crimes Detection Specialist II

Bb&T Wilson , NC 27893

Posted 3 months ago

Specific information related to the position is outlined below. To apply, click on the button above.

You will be required to create an account (or sign in with an existing account). Your account will provide you access to your application information. Need Help?

Should you have a disability and need assistance with the application process, please request a reasonable accommodation by emailing BB&T Accessibility or by calling 866-362-6451. This email inbox is monitored for reasonable accommodation requests only. Any other correspondence will not receive a response.

Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:
1st shift (United States of America)

Please review the following job description:

Perform key fraud identification, detection, research and loss mitigation actions on multiple delivery channels and products to protect bank clients and assets from fraud. Ensure a regulatory compliant response to fraud and loss issues and enforce the corporation's legal rights under the account holder's agreement, Uniform Commercial Code (UCC), National Automated Clearing House Association (NACHA), Visa and other applicable industry operating rules and guidelines.

Utilize specialized fraud detection systems, reports and online screens to analyze client behavior, deposit accounts, checks and transaction history in order to identify and interdict fraudulent banking activity. Actions directly impact bank fraud and operating loss performance, client experience, regulatory compliance, as well as the attendant compliance, reputational and operational risk. Handle cases within level of expertise with moderate to high-level loss exposure, requiring judgment and decision making.

Essential Duties and Responsibilities:

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1.Utilize fraud risk detection systems and internal bank systems to review suspect items and warning reports on a daily basis. Interpret reason codes and follow specified procedures on how to handle suspect activity.
2.Gain and maintain strong working knowledge of three to four internal fraud monitoring and detection systems.
3.Gain and maintain effective knowledge and understanding to ensure processes comply with regulations (e.g. Regulation E, Visa Operating Rules, UCC, Federal Credit Reform Act (FCRA), Regulation J, Regulation CC, NACHA, Bank Secrecy Act/Anti-Money Laundering/Patriot Act (BSA/AML), Telephone Consumer Protection Act (TCPA), Office of Foreign Assets Control (OFAC) and Identity (ID) Theft red flags).
4.Make decisions that impact processes and clients with financial, compliance and legal implications (e.g. pay/no pay, block/hold an account and transaction or access based on analysis of research conducted).
5.May refer cases for special attention to BSA/AML, Corporate Investigations, Legal or other area where warranted.
6.Communicate and interact with external clients, Community Bank, various lines of business, and other financial institutions to verify authenticity of items or availability of funds. Educate clients about fraud issues including online banking safety and take appropriate action to protect clients' accounts.
7.Prepare documentation to return items, stop bill payments, close accounts/block cards, hold funds, block online access and complete client/branch notification forms and Suspicious Incident Reports (SIR). If applicable, prepare consumer claim documents on all on-us fraud transactions including fees and interest.
8.Perform in-depth research utilizing internal and external sources. Prepare financial spreadsheets or enter data into a database or system in order to capture and monitor loss information for further analysis.
9.Establish and maintain files and records while maintaining client confidentiality.
10. Provide input on obvious fraud trends or process improvements.
11. Perform the following functions based on the assigned area within the department:

a. Review and conduct advanced research on checks processed for endorsements, kiting, forgeries and counterfeit;

b. Review and conduct advanced research for electronic transactions and activity to detect victim and perpetrator fraud;

c. Review patterns and practices for indicators of possible identity theft;

d. Place holds or stop payments on suspicious and fraudulent transactions or checks;

e. Block or close client accounts and access based on risk and fraudulent exposure.

Required Skills and Competencies:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1.High School diploma or equivalent
2.One year of banking experience or equivalent job experience and training
3.Moderate regulatory knowledge (e.g. Regulation E, Visa Operating Rules, UCC, FCRA, Regulation J, Regulation CC, NACHA, BSA/AML/Patriot Act, TCPA, OFAC and ID Theft red flags)
4.Ability to work independently with minimum supervision in a detailed and deadline-oriented environment
5.Excellent verbal and written communication skills
6.Ability to efficiently communicate and interact with clients with limited use of documented scripting based on client responses
7.Ability and willingness to work flexible hours, including evenings, weekends and overtime as required
8.Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
9.Ability to travel, occasionally overnight

Desired Skills:

1.Associate's degree
2.One year of fraud experience
3.System knowledge of at least one fraud detection system (e.g. Early Warning Systems, Falcon Card Fraud Detection System, Actimize Fraud Systems, 41st Parameter, ASI 16 and ASI 19)

BB&T is an Equal Opportunity Employer and considers all qualified applicants regardless of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law.

EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify



See if you are a match!

See how well your resume matches up to this job - upload your resume now.

Find your dream job anywhere
with the LiveCareer app.
Download the
LiveCareer app and find
your dream job anywhere
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Fraud Management Financial Crimes Detection Specialist I

Bb&T

Posted 2 weeks ago

VIEW JOBS 11/29/2018 12:00:00 AM 2019-02-27T00:00 Specific information related to the position is outlined below. To apply, click on the button above. You will be required to create an account (or sign in with an existing account). Your account will provide you access to your application information. Need Help? Should you have a disability and need assistance with the application process, please request a reasonable accommodation by emailing BB&T Accessibility or by calling 866-362-6451. This email inbox is monitored for reasonable accommodation requests only. Any other correspondence will not receive a response. Regular or Temporary: Regular Language Fluency: English (Required) Work Shift: 2nd Shift - 10% Automatic Pay Differential (United States of America) Please review the following job description: Perform key fraud identification, detection, research and loss mitigation actions on multiple delivery channels and products to protect bank clients and assets from fraud. Ensure a regulatory compliant response to fraud and loss issues and enforce the corporation's legal rights under the account holder's agreement, Uniform Commercial Code (UCC), National Automated Clearing House Association (NACHA), Visa and other applicable industry operating rules and guidelines. Utilize specialized fraud detection systems, reports and online screens to analyze client behavior, deposit accounts, checks and transaction history in order to identify and interdict fraudulent banking activity. Actions directly impact bank fraud and operating loss performance, client experience, regulatory compliance, as well as the attendant compliance, reputational and operational risk. Handle cases within level of expertise with potential loss exposure. * Schedule will be a 2nd Shift with weekend scheduling* Essential Duties and Responsibilities: Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. 1. Utilize fraud risk detection systems and internal bank systems to review suspect items and warning reports on a daily basis. Interpret reason codes and follow specified procedures on how to handle suspect activity. 2. Gain and maintain working knowledge of internal fraud monitoring and detection systems. 3. Possess effective knowledge and understanding to ensure processes comply with regulations (e.g. Regulation E, Visa Operating Rules, UCC, Federal Credit Reform Act (FCRA), Regulation J, Regulation CC, NACHA, Bank Secrecy Act/Anti-Money Laundering/Patriot Act (BSA/AML), Telephone Consumer Protection Act (TCPA), Office of Foreign Assets Control (OFAC) and Identity Theft red flags). 4. Make decisions that impact processes and clients with financial, compliance and legal implications (e.g. pay/no pay, block/hold an account and transaction or access based on analysis of research conducted). 5. Escalate sensitive, complex and large financial, compliance or reputational issues to management where appropriate. 6. May refer cases for special attention to BSA/AML, Corporate Investigations, Legal or other area where warranted. 7. Communicate and interact with external clients, Community Bank, various lines of business, and other financial institutions to verify authenticity of items or availability of funds. Educate clients about fraud issues including online banking safety and take appropriate action to protect clients' accounts. 8. Prepare documentation to return items, stop bill payments, close accounts/block cards, hold funds, block online access and complete client/branch notification forms and Suspicious Incident Reports (SIR). If applicable, prepare consumer claim documents on all fraud transactions including fees and interest. 9. Perform significantly complex research utilizing multiple internal and external sources. Prepare financial spreadsheets or enter data into a database or system in order to capture and monitor loss information for further analysis. 10. Establish and maintain files and records while maintaining client confidentiality. 11. Provide input on obvious fraud trends or process improvements. 12. Perform the following functions based on the assigned areas within the department: a. Review and research checks processed for endorsements, kiting, forgeries and counterfeit; b. Review and research electronic transactions and activity to detect victim and perpetrator fraud; c. Review patterns and practices for indicators of possible identity theft; d. Place holds or stop payments on suspicious and fraudulent transactions or checks; e. Block or close client accounts and access based on risk and fraudulent exposure. Required Skills and Competencies: The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 1. High School diploma or equivalent 2. Basic regulatory knowledge 3. Ability to work independently with minimum supervision in a detailed and deadline-oriented environment 4. Excellent verbal and written communication skills 5. Ability to efficiently communicate and interact with clients with limited use of documented scripting based on client responses 6. Ability and willingness to work flexible hours, including evenings, weekends and overtime, as required 7. Demonstrated proficiency in basic computer applications, such as Microsoft Office software products 8. Ability to travel, occasionally overnight Desired Skills: 1. Associate's degree 2. One year of banking experience or equivalent work experience 3. Knowledge of card or check fraud detection systems (e.g. Early Warning Systems, Falcon Card Fraud Detection System, Actimize Fraud Systems, 41st Parameter, ASI 16 and ASI 19) BB&T is an Equal Opportunity Employer and considers all qualified applicants regardless of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify Bb&T Wilson NC

Fraud Management Financial Crimes Detection Specialist II

Bb&T