Underwriting Fraud Analyst at Rosabon Financial Services

Job Summary

• The Underwriting Fraud Analyst will perform various duties to protect the credit underwriting unit and the entire organization from known or suspected internal or external fraudulent activities, with a primary focus on detecting, preventing and following policies and procedures to ensure the reduction of potential losses.
• The analyst proactively prevents fraud/loss by analyzing fraud patterns/trends, and monitors high-risk account activity.
• Coordinates activities to resolve and prevent fraud across the organization.

Duties & Responsibilities

• Interacts with members as needed who are reporting fraudulent activity.
• Reviews suspicious accounts for potential fraud.
• Reviews suspicious documentation submitted for both new transactions and loans.
• Review and Process all consumer statements on credit bureaus.
• Assist the Compliance department in compiling relevant information and narrative to make the determination if needed.
• Analyzes and conducts investigations of potentially fraudulent activity, to ensure minimal loss to the organization.
• Coordinates cross-functional communication, to resolve fraud situations and provides recommendations to resolve fraud.
• Collaborates with the internal audit department to monitor the underwriting activities, prevent and mitigate risks and potential losses.
• Maintains the fraud analytics database, tracks fraud trends and statuses of various types of fraud.
• Periodically train and educate the underwriting team to identify and respond to potential fraud trends and situations.
• Develop, build and prioritize risk into classes
• Compiles various reports for management, to update the status of current investigations, and necessary actions needed to either mitigate.
• Develops, maintains, and implements policies/procedures to detect and prevent fraudulent activity.
• Assists the internal audit and compliance analyst in investigating suspicious activity on account.

Job Requirements

• The ideal candidate should have 2 years and above experience with a financial background.
• A knack for figures and passionate about analysis and process optimization.
• In-depth knowledge of IFRS principles and changes.
• Proven experience in recognizing fraudulent items and items that merit more detailed analysis by
• reviewing accounts and transactions to determine fraud trends.
• Broad knowledge of the operations of a financial institution.