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Cross River · 3 days ago

Analyst, AML/CFT & OFAC Compliance, FIU, Fraud

Fort Lee, New Jersey, United States

Full-time

Hybrid

Entry, Mid Level

$80K/yr - $90K/yr

2+ years exp

Cross River builds the infrastructure behind the world’s most innovative financial products. The Fraud Analyst will play an important role in managing potential loss investigations and will assist in the development and implementation of industry best practices to mitigate losses and enhance preventive measures.

BankingFinancial ServicesFinTech

Comp. & Benefits

Responsibilities

Review and assess alerts generated by the fraud transaction monitoring platform to identify potentially suspicious activities

Review alerts/cases by analyzing transactional data, loan documentation, customer profiles and behavioral patterns to determine which alerts/cases require escalation or closure

Conduct independent investigations into suspected illegal, fraudulent, or unusual activity involving financial accounts, customers, and associates

Consult with peer institutions, partners, and/or law enforcement agencies when required

Manage multiple alerts/cases/investigations simultaneously and provide formal reporting

Prepare case files to adequately document investigations performed with supporting evidence for all forensic findings

Prepare clear, comprehensive and cohesive investigative reports and memorandum in a timely manner

Interface and build effective relationships with various levels of the organization, including Senior Management, as well as legal counsel, and law enforcement as required

Provide guidance and assistance to fellow associates when needed

Assist department management by ensuring department activities are compliant and efficient

Provide relevant training and guidance to bank associates of all levels and job functions

Qualification

Fraud investigation experienceWriting Suspicious Activity ReportsRisk management experienceFraud detection techniquesAnalytical skillsStakeholder communicationPrioritization skillsTraining skillsInfluencing skillsResearch methodology knowledgeControl enhancement recommendationsCase/project completionConsultation skillsMulti-taskingEvidence analysisControl complianceForensic findings documentationBehavioral pattern analysisCustomer interactionPeer institution consultationFormal reportingCase file preparationTimely reportingFraud recovery strategiesFinancial crime knowledgeIndustry best practicesControl measures enhancementCustomer profile analysisCommunication skillsProblem-solving skills

Required

Demonstrated prior fraud investigation experience and skills, including the ability to develop an investigation approach/strategy, obtain and analyze evidence, draw relevant conclusions, and recommend control enhancements

Experienced in writing and filing Suspicious Activity Reports (SAR)

Ability to interact, influence, negotiate and challenge management when necessary

Demonstrated ability to work independently and complete cases/projects in a timely manner in a fast-paced and changing environment

Strong analytical, problem-solving, and decision-making skills

2+ years of risk management/fraud experience within financial services, banking, fintech, or crypto

2+ years of related banking experience

Bachelor's Degree or working knowledge of research methodology of fraud and financial crime activities

Knowledge of fraud detection, prevention, authentication strategies and techniques

Ability to handle a variety of tasks simultaneously and prioritize accordingly

Ability to effectively communicate with stakeholders and across business units to resolve risk and fraud issues

Strong organizational and communication skills, ability to work independently