Fraud Investigator Job at Columbia Bank, Fair Lawn, NJ

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  • Columbia Bank
  • Fair Lawn, NJ

Job Description

Job Description

Job Description

Summary:

The Fraud Investigator will be responsible for preventing, detecting, investigating, and reporting fraudulent activities within the bank. This role requires a strong understanding of financial services, investigative techniques, and regulatory compliance to protect the bank and its customers from financial loss. The Fraud Investigator should be detail-oriented, analytical, and have strong familiarity with physical security controls such as video surveillance, card access, and burglar alarms.

Job Responsibilities:

Investigations and Fraud Prevention
  • Conduct thorough investigations of suspected fraudulent activities, including analyzing transaction patterns, reviewing account histories, and interviewing relevant parties.
  • Work closely with law enforcement and regulatory agencies to support investigations and prosecutions.
  • Perform site surveys, risk assessments, and recommend security enhancements.
  • Provide training and support to bank staff on fraud prevention measures and detection techniques.
  • Stay current on industry trends, regulatory requirements, and emerging fraud patterns to enhance investigative strategies.
  • Assist in the development and implementation of fraud detection systems and policies to strengthen internal controls.
  • Collaborate with internal departments including retail, lending, compliance, risk management, and legal to ensure a comprehensive approach to fraud prevention and detection.
  • Monitor and analyze alerts generated by fraud detection systems to identify potential fraud trends and patterns.
Response and Recovery
  • Respond to robberies, burglaries, and acts of vandalism as required.
  • Assist with recovering funds directly through the bank or through law enforcement and the court.
  • Perform General Ledger accounting entries as they relate to losses and recoveries.
Reporting
  • Prepare detailed reports documenting findings, evidence, and recommendations for further action.
  • Prepare and file accurate and timely Suspicious Activity Reports.
Other Responsibilities
  • Perform other job-related duties as may be assigned.

Job Requirements

  • Bachelor’s degree in Criminal Justice, Finance, Business Administration, or a related field.
  • Three to five years of experience in fraud investigations or related field, preferably within the banking, online banking, and /or financial services industry.
  • Strong analytical skills with the ability to interpret complex data and identify anomalies.
  • Excellent verbal and written communication skills, with the ability to present findings clearly and concisely
  • Proficient in using investigative tools and software, as well as Microsoft Office Suite.
  • Knowledge of relevant laws and regulations related to fraud and financial crimes.
  • Strong attention to detail with the ability to work independently and as part of a team.
  • Certification as a Certified Fraud Examiner (CFE) or similar credential is highly desirable
  • Former law enforcement experience a plus.

Columbia Bank offers the following benefits:

  • Medical, Dental, Vision and Rx which are contributory.
  • Bonus programs.
  • Employee Stock Option Program (ESOP).
  • Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
  • Paid Time Off (PTO) which includes Personal and Vacation Time.
  • Paid Sick Time.
  • Bank Holidays.
  • Employees may participate in the 401k program.

Schedule:

Hybrid; 3 days in the office and 2 days work from home based on business need.

Columbia Bank and its affiliates is an Equal Opportunity Employer, including individuals with disabilities and veterans.

Job Tags

Bank staff, Work at office, Work from home,

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