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Fraud Loss Specialist

Company: Teachers Federal Credit Union
Location: Hauppauge
Posted on: May 3, 2021

Job Description:

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 school.

ESSENTIAL DUTIES include the following.

Create and maintain electronic fraud cases in case management system from information received/provided/obtained from staff and law enforcement.

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 management.

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 results.

Performs other duties as assigned.

Keywords: Teachers Federal Credit Union, Westport , Fraud Loss Specialist, Other , Hauppauge, Connecticut

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