Fraud Analyst (Chicago, IL)

at Byline Bank in Chicago, Illinois, United States

Job Description

The Fraud Analyst works with all Byline Staff in order to safeguard the Bank and its Customers against Fraud. As a Fraud Analyst at Byline Bank, you will investigate fraudulent/illegal activities perpetrated by customers and/or employees. You will also have an opportunity to create process improvements to prevent high risk fraudulent activities and to recover any incurred losses.

+ Perform manual fraud reviews to detect fraudulent transactions.

+ Perform independent, investigative reviews related to fraudulent and suspicious activity involving, but not limited to check fraud, ACH fraud, wire fraud, eBanking, Zelle payments, and elder financial abuse.

+ Complete timely assigned fraud alerts and case investigations.

+ Complete Suspicious Activity Reports (SARs) and 90 Day SAR follow-up reviews.

+ Review queued transactions to determine if transactions are fraudulent or legitimate.

+ Review and maintain Red Flag cases and Concern Reports.

+ Assist in maintaining basic ecommerce duties including chargeback, ATM/Mobile deposits handling and review.

+ Analyze customer banking transactions to detect common patterns of suspicious behavior.

+ Perform specialized reporting and tasks delegated by leadership

Essential Knowledge, Skills, and Abilities:

+ Bachelor’s Degree required and/or minimum 5 years banking experience with knowledge of Fraud, Loss Mitigation, and Bank Secrecy Act regulatory requirements and/or other program related compliance functions. General compliance or operational work related to Fraud elements to be considered.

+ Skill in time management, organizational, and ability to maintain composure while meeting multiple deadlines.

+ Expertise in collecting and evaluating information to draw logical conclusions.

+ Effective verbal and written communication skills, including active listening skills, and skills in presenting findings and recommendations.

+ Ability to effectively communicate the applicability of Fraud issues to front line personnel for execution in the day-to-day working environment.

+ Continuous fraud knowledge related trends, theories, and practices. om

+ Demonstrated proficiency in Microsoft Word, Excel, and other financial systems.

+ Ability to communicate with colleagues and the BSA Officer regarding issues and findings.

+ Certified Fraud Examiner (CFE) designation is highly desired, and if not already attained, will be a requirement within a reasonable period of time from starting date depending on examination availability/scheduling.

Skills/Abilities:

+ Collecting and analyzing complex data, evaluating information and drawing logical conclusions;

+ Ability to effectively communicate the applicability of Fraud issues to front line personnel for execution in the day-to-day working environment;

+ Effective verbal and written communication skills, including active listening skills, and skills in presenting findings and recommendations;

+ Skill in planning and project management, and in maintaining composure under pressure while meeting multiple deadlines;

+ Ability to research issues and suggest uses of the information to resolve problems;

+ Ability to work with confidential information;

+ Ability to communicate with colleagues and the BSA Officer regarding issues and findings.

Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.

The salary range for this position is $50,000 to $65,000. Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, Byline Bank offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with Byline Bank, you’ll find a far-reaching choice of benefits and incentives.

Byline Bank is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.