Fraud Loss Specialist
Company: Teachers Federal Credit Union
Posted on: May 3, 2021
Position: H8 Fraud Loss Specialist
Reports To: AVP- Fraud
Internal Closing Date: 3/19/2021
EDUCATION and/or EXPERIENCE:
(1) 2 years of Financial Fraud experience or a two year college
degree in Criminal Justice. (2) Completion of a specialized and
extensive in-house training or apprenticeship program. (3)
Completion of a specialized course of study at a business or trade
ESSENTIAL DUTIES include the following.
Create and maintain electronic fraud cases in case management
system from information received/provided/obtained from staff and
Investigates cases of possible fraud by reviewing all documents
submitted comprising of transactions and notes from staff;
analyzing the nature and severity of the possible fraud.
Attempt to recover funds acquired fraudulently by contacting
members. Monitor accounts to ensure that full restitution is made
to the Teachers.
Regularly reviews and analyzes reports and logs for possible
fraudulent or suspicious activity reporting all findings to
Verify the validity of any suspicious negotiable instruments
presented at Teachers. Report all findings to management.
Create case files for returned checks. Attempt to recover any lost
funds on accounts as directed by management.
Maintains watch lists consisting of law enforcements most wanted,
financial crimes committed in the news and lists from
financial/fraud trade groups and associations. Regularly scanning
watch lists against Teachers members and potential members and
taking action as directed by management for any positive
Performs other duties as assigned.
Keywords: Teachers Federal Credit Union, Westport , Fraud Loss Specialist, Other , Hauppauge, Connecticut
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