Fraud Mitigation Manager
Company: UNIFY Financial Credit Union
Location: Allen
Posted on: September 25, 2024
Job Description:
Overview:
UNIFY Financial Credit Union is one of the nation's largest 100
credit unions with a reputation for being financially sound and
growth-oriented. We're expanding rapidly to meet the needs of a
growing member base. At UNIFY, our team members work together to
strive toward a common goal, "providing superior service to our
members." In doing so, we promote a culture where your ideas
matter, your growth matters, and you matter. We encourage all team
members to challenge and encourage themselves and their teammates
to work smarter and to be more successful
Summary:
The Fraud Mitigation Manager will be responsible for managing and
coordinating fraud prevention, mitigation, and investigation
activities. The expertise in this role will help protect the credit
union and its members from financial losses due to fraudulent
transactions.
This role will work a flex-hybrid work schedule with 2-3 days in
office.
Responsibilities:
- Develop, implement, and continuously enhance fraud prevention
and detection strategies to protect the organization from
fraudulent activities.
- Lead, mentor, and manage a team of investigators, providing
direction and support to ensure thorough and timely
investigations.
- Conduct detailed investigations on suspected fraudulent
incidents, working collaboratively with the team to gather evidence
and analyze findings.
- Collaborate with legal experts and law enforcement agencies to
address and resolve fraudulent cases effectively.
- Analyze financial data and transactions to identify potential
instances of fraud and implement strategies to prevent future
occurrences.
- Design and deliver training programs to educate employees on
fraud awareness, prevention measures, and response
protocols.
- Prepare comprehensive reports on investigation results,
recommend corrective actions, and communicate findings to relevant
stakeholders.
- Stay informed about industry trends and advancements in fraud
detection and prevention techniques, implementing best practices
within the organization.
- Coordinate with external auditors to ensure compliance with
regulatory requirements and internal policies related to fraud
prevention and detection.
- Assess risk potential of current procedures and recommend new
ones to minimize loss exposure.
- Evaluate the adequacy and effectiveness of policies,
procedures, processes, and internal controls.
- Collaborate with appropriate business partners, as well as
local, state, and federal authorities. Recover funds lost due to
fraudulent activities. Acts as an escalation point for more complex
cases.
- Ensure thorough management of fraud alerts, SARs, and
regulatory filings.
- Prepare detailed reports on fraud incidents, trends, and
mitigation efforts and present findings to senior management and
recommend necessary actions.
- Ensure compliance with all relevant regulations, including Bank
Secrecy Act (BSA), Anti-Money Laundering (AML), and other industry
standards.
- Work closely with the compliance team to maintain a robust
fraud prevention framework.
- Keep abreast of regulatory changes and adjust strategies
accordingly.
- Evaluate and implement fraud detection tools, software, and
systems; staying informed about advancements in fraud detection
technology while optimizing existing tools for maximum
effectiveness.
- Ensure full compliance with UNIFY Financial Credit Union
Service Standards, policies, procedures, and the Bank Secrecy
Act.
- Perform all other duties as assigned.
Qualifications:
- A Bachelor's or Master's degree in Finance, Risk Management,
Business Administration, or a related field is preferred.
- A minimum of 10 years of experience in fraud prevention,
investigation, or risk management, specifically in a financial
institution setting.
- A proven track record in fraud management and operations,
including experience in detecting and preventing fraud, managing
operational risks, and implementing risk management
strategies.
- Professional certifications such as Certified Risk Manager
(CRM),
- Certified Fraud Examiner (CFE), Financial Risk Manager (FRM),
or relevant certifications in Enterprise Risk Management and/or
Fraud Management are required. These certifications demonstrate a
deep understanding of risk management principles and
practices.
- Strong analytical, organizational, and decision-making skills
are essential.
- Excellent communication and interpersonal skills are needed for
effective stakeholder engagement. A deep understanding of fraud
mitigation and risk management principles/practices is also
essential.
- Proficiency in fraud/risk management software is required.
Extensive experience with investigations, fraud prevention, and
regulatory compliance is also necessary.
See the UNIFY Difference!
At UNIFY, we believe that each team member is a valued contributor.
Through a teamwork approach, we strive to provide a positive and
rewarding workplace that helps our team succeed. UNIFY provides a
work environment which promotes learning, growth, and the
opportunity for team members to challenge themselves.
Competitive Compensation and Excellent Benefits Package*
Includes:
Medical (PPO/HMO), Prescription, Dental (PPO/DMO), Vision, Life,
and Short- and Long-Term Disability Insurance
Dependent and Medical Care - Flexible Spending Accounts
Vacation, Sick, Personal and Holiday Pay
401(K) Plan with employer match
Education reimbursement for approved programs
UNIFY banking privileges for you and your family
*All programs subject to review and change
An offer of employment is conditioned upon complying with UNIFY's
requirements including, but not limited to, signing a consent to
conduct a background investigation.
UNIFY is proud to be a drug-free, EOE including disability/vets.
For more information on UNIFY, visit us at www.unifyfcu.com
Keywords: UNIFY Financial Credit Union, Allen , Fraud Mitigation Manager, Accounting, Auditing , Allen, Texas
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