Fraud Prevention Specialist

Abbott Laboratories Employees Credit Union • Gurnee, IL

22h • $20 - $34

About The Position

SUMMARY: Creates and administers the credit union’s fraud awareness and prevention program.

Requirements

• Education Required: High School Diploma or equivalent (GED)
• Experience Required: Two (2) years working in a financial institution

Nice To Haves

• Education Preferred: Associate’s Degree in business or related field
• Experience Preferred: Two (2) years of experience in a fraud prevention/reporting position in a financial institution

Responsibilities

• Implements the credit unions fraud prevention, detection, and investigation strategies
• Manages investigations of cross-department fraud situations that involve deposit account, consumer lending or real estate lending relationships and report’s findings and recommendations to management through written reports
• Works with management to establish mitigation efforts are taken on any and all significant fraud issues
• Responsible for understanding online and call center authentication tools and strategies
• Maintains an in-depth understanding of all forms of electronic payments such as ACH, P2P (Zelle), Wire, RDC, Debit and Credit
• Implements inter-department fraud reporting procedures
• Recognizes opportunities for addressing fraud issues, risks and exposures
• Implements account protection strategies as deemed necessary to prevent fraud losses
• Conducts fraud training for employees and members
• Establishes internal and external investigative procedures to ensure department tasks are documented and revised as needed, and workflows are developed for fraud management
• Communicates with management to ensure staff are kept abreast of investigative activities and processes as it relates to fraud
• Develops incident, fraud loss and trend analysis reporting for distribution to management.
• Performs BSA duties, including investigations, suspicious activity, fraud incidents, regulatory reporting and account reviews
• Maintains confidentiality of information and controls. Protects all credit union sensitive information and materials within the scope of the department functions
• Works with Compliance to maintain the controls needed to protect the assets of the credit union
• Assists with compliance related external examinations
• Conducts audits of Member Authentication Procedures
• Other duties as may be assigned

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED