Fraud Analyst - $50,000 annual salary

Location: Jersey City
Posted on: September 19, 2023

Job Description:

Terrific and unique temporary-to-hire opportunity for a Fraud Analyst

Position is located in Jersey City, NJ

$50,000 annual salary

Flexible schedule!

Monday - Friday position with 1 working weekend per month

Responsibilities:

In this role you will be supporting Compliance, Customer Service, Marketing, Collections / Fraud and Financial Services.

The primary role of this position is:

- Work will be in the prevention and detection of fraud (losses) utilizing a number of detection techniques in-order to identify high risk accounts, detect unusual activity, investigate and subsequently close suspicious accounts in order to mitigate risk.

- This position has fundamental responsibilities for the accuracy and timeliness of daily (week days & weekends) operational processing of customer payments, adjustments, corrections and fund transfers.

Fraud Responsibilities:

- Identification of suspicious activity using fraud monitoring tools and other systems.

- Performing initial investigations and taking immediate corrective action to mitigate losses to the business.

- Monitoring of products, providing product oversight and identifying changes in platform activity which may indicate system exploitation.

Payments Responsibilities:

- Make payment transactions using a broad range of payment methods, including credit/debit cards, bank transfers, checks, and e-wallet solutions.

- Monitor daily reporting and flag any deviation from normal patterns of system behavior

- Examine client data to look for errors and take action to ensure client records are accurate.

- Interact with internal client data tools, and software to extract information upon request.

- Check account payment activity to identify possible fraudulent transactions and work with the fraud and Anti-Money Laundering teams regularly to help prevent crime.

Key Working Relationships:

- Corporate Finance

- State Investigations teams

- Customer Operations & Corporate Partnerships

- Working closely with Reporting and Projects team to ensure that detection tools are effectively identifying accounts of interest

Experience & Qualifications Required:

- 4 year college degree

- Work experience ? banking, finance or analytical

- Good Communications ? written & verbal

- Excel & MS skills

Desire:

- Some knowledge of Money Laundering, detection methods and regulation

- Knowledge of Credit / Debit card processing

- Knowledge of ACH processing

- Reconciliation techniques of diverse systems We are an equal employment opportunity employer and will consider all qualified candidates without regard to disability or protected veteran status.

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