Fraud Analyst

Job Description

Key Responsibilities: Monitor transactions, customer activity, and account behavior to detect potentially fraudulent activity. Investigate alerts generated by fraud detection systems and escalate confirmed fraud cases. Analyze trends and patterns to identify emerging fraud threats and modify detection rules. Prepare Suspicious Activity Reports (SARs) and file reports in compliance with internal policies and regulatory bodies. Collaborate with cross-functional teams including compliance, legal, and IT to improve fraud detection measures. Document investigation results clearly, ensuring audit trails are maintained. Recommend and implement process improvements to enhance fraud detection and prevention capabilities. Support law enforcement inquiries and internal/external audits as needed. Required Skills & Qualifications: Bachelor's degree in Finance, Business, Criminology, Data Analytics, or a related field. 1–3 years of experience in fraud detection, risk analysis, or financial crime investigation. Knowledge of AML regulations, fraud prevention techniques, and financial products. Experience using fraud monitoring tools (e.g., Actimize, SAS, ACI, Falcon, or similar). Strong analytical and problem-solving skills. Proficiency in Excel, SQL, and data analysis tools. Excellent written and verbal communication skills.