Fraud Detection Specialist I

Fraud Detection Specialist I

A Fraud Detection Specialist level I, will review alerts / transactions that are flagged as potentially fraudulent, or out of pattern, based on the client's normal activity. Alerts and / or transactions may consist of various payment types and colleagues in this department are tasked with reviewing and verifying these alerted transactions via outbound and / or inbound call, in addition to initiating dispute claims. This position will play a key role in the prevention of losses to City National Bank and its clients. The Fraud Detection Specialist I, is a position requiring banking operations and / or contact center knowledge, and a general knowledge of fraud identification and prevention.

Demonstrate resiliency and adaptability in a fast-paced contact center environment

The Fraud Specialist is responsible for reviewing fraud alerts and internal notifications to identify fraudulent or suspicious activity

Approach problems logically and with good judgment to ensure the appropriate customer outcome

Demonstrate personal excellence including punctuality, integrity, and accountability

Comfortable in a metrics driven environment that requires the ability to prioritize and multitask

Think critically and exercise independent judgement

Following established policies and procedures, initiates appropriate actions steps to mitigate risk and protect the Bank from financial loss

Opens cases / claims on all suspicious activity and appropriately investigate, and escalate when needed

Works to detect various fraud schemes (email compromise, elder abuse, counterfeit checks, ATO, etc.) and characteristics of red flags, performs additional duties as assigned.

Performs defined mitigation steps to reduce financial loss to our customers and the bank

Ability to complete assigned duties within daily deadlines, both efficiently, timely, and with minimal supervision to meet KPIs and SLAs

Required Qualifications

Bachelor's Degree or equivalent

Minimum 2 year of general office, back office banking or accounting experience required

Advanced computer experience required (e.g. MS Word, Outlook and Excel)

Minimum 3 years in banking operations.

Minimum 2 years of experience in fraud investigations, disputes, and / or fraud exposure.

Additional Qualifications

Must work well in a team environment, as well as independently

Must have a strong and positive work ethic and follow CNB core values

Must be flexible and adapt quickly to change

Ability to multi-tasks and meet specific performance goals

Advanced Knowledge of PC functions in a Windows based environment

Effective written and oral communication skills to interact effectively with all levels of bank personnel and clients.

CompensationStarting base salary : $22.27 - $33.43 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and / or commissions.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including :

Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date

Generous 401(k) company matching contribution

Career Development through Tuition Reimbursement and other internal upskilling and training resources

Valued Time Away benefits including vacation, sick and volunteer time

Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs

Career Mobility support from a dedicated recruitment team

Colleague Resource Groups to support networking and community engagement

About Us

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.

Inclusion and Equal Opportunity Employment

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.

• Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. Careers.cnb.com accepts applications on an ongoing basis, until filled.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.