Fraud Prevention Analyst I

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Fraud Prevention Analyst I is responsible for the detection, prevention, and mitigation of fraudulent transactions. Researches and analyzes potential customer fraud cases to identify and prevent future fraud. Being a Fraud Prevention Analyst I reviews and responds to complex fraudulent service requests and identifies fraudulent transactions using various research methods. Follows standard procedures to document a loss and prepares a summary and reconciliation. Additionally, Fraud Prevention Analyst I communicates the status and resolution of the incident to the customer and/or bank. Identifies areas that need increased security procedures or software to protect customer accounts. Evaluates processes to identify internal control weaknesses and potential for loss and develops recommendations to remediate and mitigate loss. Provides training and guidance to new employees. Typically requires a bachelor's degree. Typically reports to a manager. The Fraud Prevention Analyst I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Fraud Prevention Analyst I typically requires 0-2 years of related experience.