Overall Purpose
The Fraud specialist will lead efforts to identify fraudulent activity and introduce pro-active industry-leading fraud prevention tools and techniques, to limit risk associated with fraud, anti-money laundering and counter-terrorist-financing. This individual will utilize advanced fraud detection techniques, tools, and analytics to safeguard the organization from financial and reputational harm. The Fraud Specialist will work closely with cross-functional teams and provide mentorship to fraud analysts.
Key Responsibilities:
- Lead and manage investigations into complex fraud cases across various channels, including transactions, accounts, and third-party relationships.
- Analyze large datasets to detect and predict fraudulent activities, using machine learning models, anomaly detection, and behavioral analytics.
- Review fraud patterns and trends, proposing proactive measures to mitigate risks.
- Provide expert guidance and mentoring to the Fraud Analyst team to improve their skills and efficiency.
- Collaborate with business, legal, compliance, and security teams to ensure fraud cases are handled in accordance with company policy and regulations.
- Develop fraud detection strategies, testing methodologies, and recommend new tools or systems.
- Assist with regulatory reporting and investigations related to fraud.
- Document and present findings, including the development of reports and presentations.
- Stay up to date with industry fraud trends, regulatory changes, and emerging technologies.
Skills & Qualifications:
- Bachelor’s degree in Criminal Justice, Business, Finance, or a related field.
- Certified Fraud Examiner.
- 4+ years of experience in fraud prevention, investigations, or financial crime.
- Strong analytical skills and proficiency in data analysis tools (Excel, SQL, Python, Snowflake etc.).
- In-depth knowledge of fraud detection tools and methodologies.
- Ability to interpret complex data, identify patterns, and recommend actions.
- Experience leading investigations and collaborating with cross-functional teams.
- Excellent written and verbal communication skills.
- Strong attention to detail, organizational skills, and the ability to manage multiple investigations at once.
