Fraud/security Investigator I - Wilmington, United States - WSFS Bank

WSFS Bank

Verified Company

Wilmington, United States

4 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

At WSFS Bank, we empower our team members to advance their careers, guide our clients to secure their financial futures, and actively support our communities so they can truly thrive.

Careers at WSFS Bank offer an inclusive and supportive environment, competitive compensation, opportunities for growth, and more. As the locally headquartered bank and wealth management firm in the region, we prioritize creating a positive workplace that leads to impactful results for the individuals, businesses, and communities we serve.

Being recognized as a Top Workplace by our team members reflects our commitment to excellence and service. 'We Stand For Service' is not just a phrase but the core of our mission and values.

The role of a Fraud Investigator I involves investigating and resolving both internal and external fraud cases that could potentially lead to financial losses. This position plays a crucial role in identifying and mitigating risks associated with fraudulent activities.

The Investigator will employ various methods to investigate, prevent, and address losses resulting from different types of fraud like wire and ACH fraud, check fraud, ATM fraud, identity theft, and more. Collaborating with multiple teams across different departments, the Investigator will work towards protecting the bank and its customers from fraudulent activities.

Moreover, the Investigator will liaise with law enforcement, financial institutions, and merchants to minimize fraud losses and assist in recovering funds. Attending court proceedings on behalf of the bank may also be part of the responsibilities.

To excel in this role, the Investigator must possess strong analytical skills, the ability to interpret data from various sources, and stay updated on the latest fraud trends in the industry to prevent losses effectively.

Job Responsibilities:

Manage and lead investigations by setting clear strategies and anticipating challenges.
Conduct thorough investigative tasks, develop plans, compile evidence, and create detailed reports.
Identify new trends in fraud and collaborate with stakeholders to implement preventive measures.
Assess fraud prevention controls and define long-term strategies to mitigate risks without compromising customer experience.
Collaborate with cross-functional teams to address fraud risks and communicate findings effectively.
Stay informed about terrorism, money laundering, and other financial crimes.

Minimum Qualifications:

Bachelor's Degree in Criminal Justice, Accounting, or Finance preferred.
3 to 5 years of experience in financial crime or fraud investigations in a banking environment.
Certifications like Certified Fraud Examiner (CFE) or Certified Anti-Money Laundering Specialist (CAMS) preferred.
Strong understanding of financial transactions and bank products required.
Knowledge of State and Federal regulations and criminal statutes beneficial.
Experience in investigating various types of fraud including identity theft, check fraud, ACH fraud, and more.
Familiarity with relevant regulations such as Regulations E, V, CC, and Bank Secrecy Act (BSA).