Financial Crimes Fraud Specialist

Financial Crimes Fraud Specialist

At Regions, the Financial Crimes Fraud Specialist monitors fraud prevention reports and/or reviews and resolves claims to address potentially fraudulent activity and reduce possible losses.

Primary Responsibilities

• Researches and analyzes potentially fraudulent activity related to customer accounts or other bank products
• Identifies valid and fraudulent charges, sets up fraud files, uses multiple research techniques to resolve issues, reconciles and summarizes fraud losses and communicates with customers to notify of inquiry and problem resolution
• Analyzes suspicious activity on customers' accounts and researches history for customer activity
• Contacts account officer(s) to assist in the verification of items
• Maintains company fraud database records
• Responds to emails, phone calls and voicemails from branches and account officers
• Completes database for Suspicious Activity Report (SAR) referrals
• Works under limited supervision following established guidelines and procedures
• Ensures compliance with risk management programs, rules and regulations, and cybersecurity practices; identifies opportunities for and supports process improvements; applies disciplined change management practices
• May monitor fraud prevention reports and ensure appropriate steps are taken to reduce possible losses

This position requires the tracking of time and is eligible for overtime hours worked in excess of 40 per week under the Fair Labor Standards Act.

Requirements

• High School Diploma or GED
• Two (2) years of fraud or related work experience

Preferences

• Bachelor's degree in a related field
• Banking loss prevention experience

Skills and Competencies

• Ability to interpret and ensure compliance with applicable rules, regulations, and industry guidance
• Ability to learn additional systems as needed
• Ability to work independently with minimal instruction
• Efficient in handling and dealing with peak work volumes
• Proficiency with Microsoft Office Suite
• Strong organizational, analytical and judgment skills

The shift for this role will be Monday - Friday, 11AM - 8PM

Highly Preferred Skills

• Comfortable making inbound and outbound calls
• Ability to quickly learn and adapt to new systems
• Previous experience with fraud claims or banking loss prevention
• Strong analytical and sound judgment skills
• Prior experience effectively managing multiple responsibilities in a fast-paced environment
• Strong verbal and written communication skills

*This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.

This position is intended to be onsite, now or in the near future in Birmingham, AL. Associates will have regular work hours, including full days in the office three or more days a week. The manager will set the work schedule for this position, including in-office expectations. Regions will not provide relocation assistance for this position, and relocation would be at your expense.

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$40,000.00 USD

Median:

$48,310.00 USD

Incentive Pay Plans:

This job is not incentive eligible.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time.

Location Details

Riverchase Complex North Building

Hoover, Alabama

Equal Opportunity Employer/including Disabled/Veterans