Fraud Investigation Officer jobs in Minnesota

Compeer Financial is seeking collaborative, innovative and dynamic professionals to be a part of our Top Workplace culture!

Tell me more about this opportunity.

Position Overview:
This position plays a pivotal role in safeguarding the organization against fraud risk and is responsible for developing, implementing, enhancing and maintaining a fraud program to promote adherence to internal fraud-related policies and procedures and existing, new or revised regulatory requirements and/or best practices. Responsibilities include conducting fraud risk assessments, performing comprehensive fraud risk analysis, investigating suspicious activities, and leading efforts to mitigate fraud-related risks. This position serves as the fraud subject matter expert for the organization and manages the organization’s regulatory criminal referral responsibilities as directed by the Criminal Referral Officer.

This hybrid position (50% in-office) i s open to any Compeer Financial office location in Illinois, Minnesota, or Wisconsin.

Essential Functions:

Develops, implements and maintains a formal fraud program for identifying, measuring, monitoring and reporting fraud risk.
Monitors emerging fraud issues, develops reporting that outlines shifting fraud trends to mitigate fraud losses and assists leadership in determining acceptable fraud risk tolerances.
Collaborates with business units to develop and maintain controls and processes to mitigate fraud risk while ensuring an optimal balance between risk management and customer experience.
Serves as a subject matter expert on fraud-related matters as projects and initiatives are introduced, implemented and revised.
Participates in the front end of new product and service development to proactively consider and address fraud issues during implementation as well as provide ongoing support post-implementation.
Ensures policies, procedures and programs comply with applicable regulatory requirements and mitigate fraud risk.
Provides guidance and training to team members on fraud awareness, prevention, and response.
Develops and enhances fraud detection tools, systems, and processes.
Conducts thorough fraud risk assessments to identify potential vulnerabilities and areas of concern within the organization's operations.
Analyzes complex data sets to detect patterns, trends, and anomalies indicative of fraudulent activities.
Investigates fraud-related cases referred by business partners, and assist internal investigations of potential fraud incidents as directed.
Prepares detailed reports on findings from fraud investigations, including analysis of evidence, recommended actions, and mitigation strategies.
Gathers information and evidence to present to the organization’s Criminal Referral Officer to make criminal referral de terminations.
Files criminal referrals with the Farm Credit Administration and appropriate law enforcement when required and as directed by the Criminal Referral Officer.
Facilitates partnership with law enforcement when necessary to assist investigations.

Minimum Qualifications & Required Knowledge, Skills & Abilities:

Bachelor’s degree in business administration, finance, criminal justice or related field or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
Minimum of 5 years of experience in fraud or anti-money laundering field, preferably in the financial services industry.
Certified Fraud Examiner (CFE) or Certified AML and Fraud Professional (CAFP) designation preferred.
Proven ability to perform fraud risk assessments, conduct comprehensive fraud investigations, and develop effective mitigation strategies.
Strong understanding of f raud processes and activities common to a financial services company.
Sound knowledge of financial services operations, lending processes, and regulatory requirements.
Strong analytical and problem-solving skills, with the ability to interpret complex data sets and identify trends.
Excellent communication skills, both written and verbal, with the ability to convey complex information clearly and concisely.
Proficiency in using fraud detection tools, data analysis software, and Microsoft Office Suite.
Familiarity with relevant regulations and laws related to fraud prevention and investigation.
Demonstrated ability to work collaboratively in cross-functional teams and to lead initiatives.


Who is Compeer Financial?
Compeer Financial exists to champion the hopes and dreams of rural America. By joining our team, you will help empower those in agriculture and rural communities to achieve their goals and expand their possibilities. We embrace business agility and innovative approaches to serving our clients and communities.

Why join our team?

Amazing team members who are passionate about serving agriculture and rural America.
Investment in our team members’ education, growth and development.
Engagement in our communities through giving back and volunteerism.
Flexible, collaborative and dynamic work environment.
Great benefits:

Medical, Dental, Vision insurance
401K (3% Compeer contribution & up to an additional 6% match)
Paid time off (vacation, sick leave, holidays, volunteer time)


Find out why our team members choose Compeer Financial by watching this video.

How do I apply?
Qualified candidates, please apply online at www.compeer.com/careers.

Compeer Financial is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.