Fraud Analyst

Fraud Analyst Role Overview

Teamware Solutions is seeking a dedicated Fraud Analyst to safeguard banking products and digital platforms. This pivotal role involves the meticulous identification, investigation, and prevention of fraudulent activities. You will leverage your analytical prowess to scrutinize financial data, inform commercial strategies, and meticulously monitor financial transactions.

Key Responsibilities

Fraud Detection, Alert Analysis & Case Management

• Proactively review alerts from sophisticated surveillance systems to discern patterns and identify emerging fraud schemes across various channels including ACH, wire transfers, card transactions, and cryptocurrency.
• Conduct in-depth analysis of customer profiles, transactional behaviors, and patterns to accurately assess fraud risk indicators.
• Meticulously document all findings and escalate complex cases for advanced investigation.
• Foster strong collaborations with client Fraud Risk and Compliance teams to optimize and refine existing monitoring scenarios.
• Formulate recommendations for process enhancements and control improvements aimed at significantly reducing false positives and improving efficiency.

Quality, Collaboration & Reporting

• Uphold stringent quality standards for all investigations, ensuring full compliance with documentation requirements.
• Engage effectively with investigators, compliance officers, and data analytics teams to drive improved outcomes and collective success.
• Provide critical insights into prevalent fraud trends and actively contribute to the development of management reports and informative dashboards.

Qualifications & Experience

• Education: A Bachelor's degree is mandatory, with a preference for fields such as Finance, Accounting, Criminology, Risk Management, or closely related disciplines.
• Experience: A minimum of 3-5 years of experience in transaction monitoring, fraud risk management, or financial crime investigations within the banking, fintech, or consulting/advisory sectors is required.
• Familiarity with digital asset/cryptocurrency transactions is highly advantageous.

Technical Skills

• Demonstrated proficiency with leading transaction monitoring systems such as Unit 21, Actimize, SAS AML, FIS, Oracle Mantas, or comparable platforms.
• Exceptional Excel and data analysis capabilities, with a proven ability to manage and analyze large datasets to detect anomalies.
• Solid understanding of key fraud detection techniques, including account takeover (ATO), first-party fraud, mule account identification, and social engineering tactics.

Certifications (Preferred)

• Relevant fraud/AML credentials such as CAMS, CFE, CFCS, or similar certifications are a strong plus.

Desired Attributes

• Possess exceptional analytical and critical thinking skills.
• Exhibit strong written communication abilities, essential for clear audit and regulatory documentation.
• Demonstrate meticulous attention to detail, ensuring high accuracy and accountability in all tasks.
• Be a collaborative team player, adept at thriving in fast-paced investigative environments.
• Maintain a proactive mindset, consistently suggesting process improvements and effective risk mitigation strategies.