GRC Fraud Analyst

GRC Fraud Analyst

First Entertainment Credit Union is looking for a GRC Fraud Analyst who resides within Enterprise Risk Management (ERM) and provides independent second-line oversight of enterprise fraud risk across products, channels, technologies, and third-party relationships.

The GRC Fraud Analyst partners closely with Fraud Operations, Compliance, Technology, Innovation, Legal, and Business Leaders to ensure fraud risks are identified, assessed, monitored, and governed within the organization's risk appetite. This position also supports responsible innovation, data-driven risk practices, and forward-looking fraud risk management aligned with regulatory expectations.

This is a full-time opportunity reporting to the VP, ERM. Candidates must reside within Arizona, California, Colorado, Florida, Georgia, Idaho, Nevada, New Mexico, Ohio, Texas, and Washington to be considered. Candidates who reside within the Los Angeles county are expected to work with our hybrid work model. Depending on the location, the targeted salary for someone in the state of California is between $90k ~$110k.

Responsibilities

Enterprise Fraud Risk Oversight (Second Line)

• Provide independent ERM oversight of fraud risk across all business lines and delivery channels.
• Develop, maintain, and refresh enterprise fraud risk assessments, scenarios, and typologies.
• Map fraud risks to products, processes, technologies, and third-party relationships.
• Align fraud risk ratings with enterprise risk appetite statements, tolerances, and limits.

Governance, Controls & Issue Management

• Assess the design and effectiveness of fraud prevention and detection controls.
• Support and challenge first-line Fraud Operations through RCSAs, control reviews, and issue validation.
• Track fraud-related issues, action plans, and remediation through closure.
• Contribute to fraud-related policies, standards, procedures, and governance documentation.

Innovation, Analytics & Emerging Risk

• Leverage data analytics, dashboards, and key risk indicators (KRIs) to identify trends and emerging fraud risks.
• Support fraud risk considerations for innovation initiatives, including advanced monitoring, rule optimization, behavioral analytics, and AI/ML-enabled fraud controls.
• Conduct horizon scanning for new fraud typologies related to digital banking, payments, fintech partnerships, and evolving customer behavior.
• Partner with Technology and Innovation teams to assess fraud risk impacts of new products, platforms, and integrations.

Monitoring, Reporting & Board Communication

• Prepare executive-level and board-ready fraud risk reporting.
• Monitor fraud losses, near misses, KRIs, and control effectiveness.
• Provide risk-based insights on residual risk, trends, concentrations, and forward-looking exposure.
• Support enterprise risk committees, working groups, and governance forums.

Regulatory & Exam Readiness

• Support regulatory exams, internal audits, and independent reviews related to fraud risk management.
• Ensure fraud risk oversight aligns with applicable laws, regulations, and supervisory guidance, including Reg E, NACHA, UCC, GLBA, BSA/AML, and NCUA/OCC expectations.
• Assist in drafting management responses and remediation plans for fraud-related findings.

Cross-Functional Collaboration

• Partner with Fraud Operations, Compliance, Cybersecurity, Legal, Internal Audit, and Business Leaders
• Support third-party and vendor fraud risk assessments.
• Serve as an ERM advisor on fraud risk for strategic initiatives and innovation programs.

At First Entertainment, your role and every role are essential to our Mission [We build lifelong financial relationships with the people in entertainment based on a deep understanding of how they live and work], Core Values [Members First + Ownership + Integrity + Innovation + Inclusivity + One Team], and we expect you to uphold them.

Requirements

• Bachelor's degree in Risk Management, Finance, Business, Data Analytics, or a related field.
• 3–7 years of experience in fraud risk, ERM, GRC, compliance, audit, or financial crime.
• Strong understanding of fraud typologies, risk assessment methodologies, and internal control frameworks.
• Experience preparing risk assessments, issue management documentation, and senior management reporting.
• Experience in banking, credit unions, fintech, or other regulated financial institutions highly preferred.
• Familiarity with GRC platforms such as Archer, MetricStream, or ServiceNow GRC a plus.
• Exposure to fraud analytics, automation, AI/ML tools, or innovation programs preferred.
• Professional certifications such as CFE, CRISC, CAMS, CIA, or similar desired.
• Proficiency in Microsoft Office Suite products.
• Effective communication skills across all audience levels.
• Ability and flexibility to travel to HQ for business meetings as requested.