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Fraud Investigator

Fraud Investigator

Columbia BankFair Lawn, NJ, US
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Job Description

Job Description

Summary :

The Fraud Investigator will be responsible for preventing, detecting, investigating, and reporting fraudulent activities within the bank. This role requires a strong understanding of financial services, investigative techniques, and regulatory compliance to protect the bank and its customers from financial loss. The Fraud Investigator should be detail-oriented, analytical, and have strong familiarity with physical security controls such as video surveillance, card access, and burglar alarms.

Job Responsibilities :

Investigations and Fraud Prevention

  • Conduct thorough investigations of suspected fraudulent activities, including analyzing transaction patterns, reviewing account histories, and interviewing relevant parties.
  • Work closely with law enforcement and regulatory agencies to support investigations and prosecutions.
  • Perform site surveys, risk assessments, and recommend security enhancements.
  • Provide training and support to bank staff on fraud prevention measures and detection techniques.
  • Stay current on industry trends, regulatory requirements, and emerging fraud patterns to enhance investigative strategies.
  • Assist in the development and implementation of fraud detection systems and policies to strengthen internal controls.
  • Collaborate with internal departments including retail, lending, compliance, risk management, and legal to ensure a comprehensive approach to fraud prevention and detection.
  • Monitor and analyze alerts generated by fraud detection systems to identify potential fraud trends and patterns.

Response and Recovery

  • Respond to robberies, burglaries, and acts of vandalism as required.
  • Assist with recovering funds directly through the bank or through law enforcement and the court.
  • Perform General Ledger accounting entries as they relate to losses and recoveries.

    • Reporting

  • Prepare detailed reports documenting findings, evidence, and recommendations for further action.
  • Prepare and file accurate and timely Suspicious Activity Reports.

    • Other Responsibilities

  • Perform other job-related duties as may be assigned.

    • Job Requirements

  • Bachelor’s degree in Criminal Justice, Finance, Business Administration, or a related field.
  • Three to five years of experience in fraud investigations or related field, preferably within the banking, online banking, and / or financial services industry.
  • Strong analytical skills with the ability to interpret complex data and identify anomalies.
  • Excellent verbal and written communication skills, with the ability to present findings clearly and concisely
  • Proficient in using investigative tools and software, as well as Microsoft Office Suite.
  • Knowledge of relevant laws and regulations related to fraud and financial crimes.
  • Strong attention to detail with the ability to work independently and as part of a team.
  • Certification as a Certified Fraud Examiner (CFE) or similar credential is highly desirable
  • Former law enforcement experience a plus.

    • Columbia Bank offers the following benefits :

  • Medical, Dental, Vision and Rx which are contributory.
  • Bonus programs.
  • Employee Stock Option Program (ESOP).
  • Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
  • Paid Time Off (PTO) which includes Personal and Vacation Time.
  • Paid Sick Time.
  • Bank Holidays.
  • Employees may participate in the 401k program.

    • Schedule :

    Hybrid; 3 days in the office and 2 days work from home based on business need.

    Columbia Bank and its affiliates is an Equal Opportunity Employer, including individuals with disabilities and veterans.

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    Fraud Investigator • Fair Lawn, NJ, US