Fraud Detection Associate jobs in New York

Fraud Detection Associate monitors account activity to detect possible customer fraud. Performs analysis to identify possible front-end and/or back-end fraud. Being a Fraud Detection Associate identifies areas for increased security procedures and reports to fraud prevention associates. May contact customers to verify or explain unusual account activity. Additionally, Fraud Detection Associate requires a high school diploma. Typically reports to a supervisor or manager. The Fraud Detection Associate possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)

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Associate, Fraud/Risk Analyst
  • CFSB
  • NEW YORK, NY OTHER
  • Job Details

    Job Location:    Headquarters - NEW YORK, NY
    Salary Range:    Undisclosed

    Description

    JOB SUMMARY:

    The position will report to the Bank’s Fraud Risk Manager and is responsible for assisting the Bank’s Risk Team in fraud monitoring activities across all of the Bank’s lines of business. This position requires identifying and resolving issues of moderate complexity. This position is at an intermediate professional level and requires strong execution and analytical abilities.

    Responsibilities:

    • Observe customer transactions to identify fraudulent activity such as account take over, friendly fraud, theft and suspicious activity.
    • Respond to inbound calls from customers and other financial institutions concerning unusual activity
    • Generate periodic reports and monitor real time queues to identify high risk transactions.
    • Ensure escalation of fraud cases are properly handled and documented according to procedures.
    • Develop suspicious activity reports (SARs) for identified unusual activity.
    • Determine existing fraud trends by analyzing accounts and transaction patterns.
    • Interact with the Bank’s data processors and clients to validate information and to confirm or cancel authorizations.
    • Analyze transaction data with a view to optimize risk management strategies for clients.
    • Recommend fraud mitigation processes for emerging transaction patterns and trends.
    • Interact with other departments/lines of business on resolution of issues (ex. Operations Department, and CFSB clients).
    • Maintain knowledge of industry best practices and technologies within payment risk management.
    • Develop in-depth knowledge of risk management products through research and testing in order to act as subject matter expert to clients and other team members.
    • Effectively utilize and operate all tools and technology appropriate to role (ex. Lexis Nexis, SQL, Microsoft Office, Etc.).

    Qualifications


    Knowledge, Skills, and Abilities:

    • Background in analyzing large sets of transaction data to identify patterns and trends.
    • Knowledge of various customer types and their respective functions (ex. Money service businesses, money transmitters, pre-paid card programs, debit card programs, and retail banking customers desired).

    Education, Training, and Experience:

    • Bachelor degree in Finance, Business, Science, Engineering, Computing or related field.
    • Experience with interpreting results from fraud tools used to combat financial fraud

    Salary Range: $60,000 plus/ yearly

    "Actual base salary offer will vary based on skills and experience. Additional benefits and performance-based bonus offered where applicable."

     

  • 23 Days Ago

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Associate Fraud Investigator
  • NYC Careers
  • Manhattan, NY FULL_TIME
  • Associate Fraud Investigator Apply Associate Fraud Investigator Agency: BUSINESS INTEGRITY COMMISSION Posted on: 03/26/2024 Job type: Full-time Location MANHATTAN Title Classification: Exam may be req...
  • Just Posted

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Fraud and Payments Associate
  • Underdog Sports
  • Brooklyn, NY FULL_TIME
  • About the role and why it’s unique: Utilize internal data and reporting tools to detect fraudulent or suspicious activity Gather risk-related data from external resources Perform manual AML and KYC ch...
  • 6 Days Ago

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Fraud Prevention Associate
  • onbe
  • New York, NY FULL_TIME
  • Onbe, a fast-growing FinTech, bringing innovation to a rapidly growing global marketplace, stands for “on behalf.” Because that’s exactly how we work: on behalf of our clients, as their comprehensive ...
  • 27 Days Ago

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Associate Attorney: Investigate/Prosecute Medicaid Fraud(3663)
  • Attorney General, Office of the
  • Rochester, NY FULL_TIME
  • Qualifications: A minimum of four (4) years of practice experience, including grand jury, trial and/or substantial complex business litigation practice that must include criminal practice experience a...
  • 21 Days Ago

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Associate I (Rep), Non-Fraud Claim Investigations
  • CardWorks/Merrick Bank
  • Woodbury, NY FULL_TIME
  • Position Summary:This position is responsible for working both fraud and dispute files to determine if further chargeback rights exist, in accordance with the Association Rules and Regulations, and to...
  • 13 Days Ago

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Associate Dentist
  • Taylor Dental & Braces - a Benevis company
  • Shreveport, LA
  • *Please note: this position is located in Shreveport, LA. Overview: Work for a company that is truly making the world a ...
  • 3/28/2024 12:00:00 AM

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Sales Associate
  • Orangetheory Fitness
  • Wauwatosa, WI
  • Be fit. Change lives. Have fun. If you mention fitness within moments of meeting someone...if you encourage friends and ...
  • 3/28/2024 12:00:00 AM

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Retail Associate
  • Hudson Group
  • Roanoke, VA
  • $300 HIRING BONUS FOR JOINING OUR TEAM! Grow With Us! Hudson is North America's leading travel retailer. For over 30 yea...
  • 3/28/2024 12:00:00 AM

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Assembly Associate
  • Manpower
  • Niagara Falls, NY
  • Our client in Niagara Falls, NY are seeking skilled and experienced assembly associates to join their team, highly recog...
  • 3/28/2024 12:00:00 AM

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Warehouse Associate
  • Manpower
  • Mesa, AZ
  • Inbound/Outbound Warehouse Associate– $18.50 hourly (this is not entry level-you must have experience) Our client in (Me...
  • 3/28/2024 12:00:00 AM

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Production Associate
  • Forterra Pipe & Precast
  • Rapid City, SD
  • Production Associate FULL-TIME $19/hr - Complying with all safety regulations, maintaining clean and orderly work areas,...
  • 3/28/2024 12:00:00 AM

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Warehouse Associate
  • ULINE
  • Hudson, WI
  • Warehouse Associate Pay from $25 to $32 per hour - That's up to $63,000 - $80,000 per year with bonuses! Minnesota Branc...
  • 3/27/2024 12:00:00 AM

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Manufacturing Associate
  • Manpower
  • Casper, WY
  • Our client, in Casper, WY is seeking several Assemblers to join their team. As an Assembler, you will be part of the Man...
  • 3/27/2024 12:00:00 AM

New York is a state in the Northeastern United States. New York was one of the original thirteen colonies that formed the United States. New York covers 54,555 square miles (141,300 km2) and ranks as the 27th largest state by size.[3] The highest elevation in New York is Mount Marcy in the Adirondacks, at 5,344 feet (1,629 meters) above sea level; while the state's lowest point is at sea level, on the Atlantic Ocean. In contrast with New York City's urban landscape, the vast majority of the state's geographic area is dominated by meadows, forests, rivers, farms, mountains, and lakes. Most of...
Source: Wikipedia (as of 04/17/2019). Read more from Wikipedia
Income Estimation for Fraud Detection Associate jobs
$37,712 to $51,103

Fraud Detection Associate in Lowell, MA
One of the jobs that are highly recognized in the public is a fraud detection associate.
January 16, 2020
Fraud Detection Associate in Lompoc, CA
They analyze all angles of people’s activity to determine if there is really the presence of fraud, either from the back end or front end of a specific activity.
December 31, 2019
Fraud Detection Associate in Springfield, OH
They are the ones responsible for monitoring any activity, done by the customers, to determine the presence of the customer’s fraud.
February 09, 2020