Analyst, Fraud Investigations & Reporting

Job Description Summary

Provides detailed records of suspicious activity, analyzes trends, communicates security threats to management and provides recommendations for loss mitigation.

Job Description

The Fraud Investigations & Reporting Analyst is responsible for conducting comprehensive investigations into potential fraud and suspicious activity across various channels, including account surveillance, branch escalations, and regulatory inquiries. This role involves analyzing transactions, performing due diligence, drafting Suspicious Activity Reports (SARs), and collaborating with internal and external stakeholders to mitigate fraud risk and respond to potential fraud events.

Knowledge of

• Concepts, practices and procedures of the securities industry and/or banking compliance reviews.

• External and internal fraud typologies, detection methods, and regulatory reporting requirements.

• Research tools and practices, such as internet research and third-party systems (e.g., LexisNexis).

• Fraud surveillance systems, case management tools, and SAR filing practices.

• Rules and regulations of the USA PATRIOT Act, Bank Secrecy Act, Regulation E, Reg S-ID, and any other applicable fraud-related regulatory or industry rules and guidance.

Skill in

• Identifying irregularities and red flags.

• Performing critical analysis supported by clear and accurate documentation.

• Drafting clear, concise, and compliant alert, case and SAR narratives and e-mails.

• Cross-functional collaboration and stakeholder communication.

• Investigating compliance issues and irregularities.

• Making risk-based decisions, using creativity, resourcefulness, expertise, and sound due diligence.

• Time management and prioritization in a high-volume environment.

• Written and verbal communication.

• Administering anti-fraud policies and procedures.

• Planning and scheduling work to meet organizational and regulatory requirements.

• Operating standard office equipment and using required software applications.

Ability to

• Work independently as well as collaboratively and manage complex investigations with minimal supervision.

• Complete high-volume, deadline-driven work in a timely manner, with a focus on quality and compliance.

• Use sound judgment supported by research and expertise make informed decisions in response to potential fraud.

• Communicate effectively with associates and investigators as well as management, senior management, and internal and external stakeholders (both verbally and through written correspondence).

• Receive and apply feedback on work product and practices.

• Prioritize work effectively.

• Adapt to evolving fraud threats and regulatory changes.

• Gather information, identify linkages, trends, and significance and communicate findings.

• Interpret and apply regulations and identify and recommend compliance changes as appropriate.

• Provide a high level of customer service.

• Establish and maintain effective working relationships at all levels of the organization.

• Maintain confidentiality and exercise sound judgment.

• Foster a culture of integrity, accountability, and continuous improvement.

Licenses/Certifications

• CFE required or the ability to obtain in 12 months

• CAMS preferred

• SIE and/or Series 7 preferred

Travel Required: 

• Yes, 10 % of the Time

Education

Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance

Work Experience

General Experience - 13 months to 3 years

Certifications

Certified Anti-Money Laundering Specialist (CAMS) - Association of Certified Anti-Money Laundering Specialists (ACAMS), Certified Fraud Examiner (CFE) - Association of Certified Fraud Examiners

Salary Range

$70,000.00-$70,000.00

Travel

Less than 25%

Workstyle

Remote

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. 
We expect our associates at all levels to:
•  Grow professionally and inspire others to do the same
•  Work with and through others to achieve desired outcomes
•  Make prompt, pragmatic choices and act with the client in mind
•  Take ownership and hold themselves and others accountable for delivering results that matter
•  Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.  When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.