Description:
SUMMARY OF JOB:
The Fraud Manager is responsible for developing, implementing, and managing the bank's fraud prevention and detection strategies. This includes overseeing the investigation of suspected fraudulent activity, maintaining fraud monitoring systems, training staff on fraud awareness, and ensuring compliance with regulatory guidelines. The role requires strong analytical, investigative, and leadership skills to minimize financial losses and protect the bank and its customers.
ESSENTIAL JOB RESPONSIBILITES:
- Develop and maintain fraud detection programs, policies, and procedures.
- Monitor real-time fraud detection systems and alerts across all banking channels (e.g., debit/credit cards, ACH, wire, mobile and online banking).
- Investigate and analyze suspected fraudulent transactions and behaviors.
- Identify fraud trends and implement strategies to mitigate emerging threats.
- Manage end-to-end fraud investigations, including evidence collection, documentation, and resolution.
- Work with law enforcement and regulatory agencies (e.g., FinCEN, FBI) as needed.
- File Suspicious Activity Reports (SARs) when appropriate.
- Maintain accurate and comprehensive records of all fraud incidents and outcomes.
- Ensure compliance with relevant laws, regulations, and internal policies (e.g., BSA/AML, Reg E, OFAC).
- Perform regular fraud risk assessments across departments and processes.
- Coordinate with compliance and internal audit teams on fraud-related reviews.
- Supervise and mentor fraud analysts or fraud prevention staff.
- Provide training and guidance to bank personnel on fraud awareness and prevention practices.
- Promote a culture of ethical behavior and fraud risk awareness throughout the organization.
- Evaluate and manage fraud detection tools, software, and third-party service providers.
- Partner with IT and cybersecurity teams to enhance digital security and fraud detection capabilities.
- Recommend and implement system enhancements to improve fraud prevention.
- Maintain current knowledge and follow all bank financial and security regulations and procedures.
- Embody, embrace, and demonstrate InBank's Core Values: Commitment, Innovation, Responsibility, Teamwork, Happiness, and Authenticity.
- Other duties as assigned.
Requirements:
JOB REQUIREMENTS:
Education: Bachelor's degree in Finance, Accounting, Business, or related field.
Work Experience: 3+ years of experience in fraud investigation, fraud risk management, or financial crimes, preferably in a banking or financial institution.
Supervisory Experience: 2+ years of experience managing teams
Licenses/Accreditations: (preferred but not required)
Certified Fraud Examiner (CFE)
Certified Anti-Money Laundering Specialist (CAMS)
Certified Financial Crime Specialist (CFCS)
Computer Skills: Proficiency in fraud detection software, core banking systems, and Microsoft Office.
Other Requirements: Deep understanding of fraud typologies in banking (card fraud, wire fraud, synthetic ID, check fraud, etc.). Strong investigative and analytical skills with attention to detail. Knowledge of relevant laws and regulations: Reg E, Reg CC, BSA/AML, UDAAP, OFAC, etc. Excellent communication and interpersonal skills; able to work cross-functionally. Strong decision-making and risk assessment abilities.
The applicant who is selected for this position will be eligible for the following compensation and benefits:
- Targeted hiring range based on experience: $60,000 - $85,000 yearly. This range is an estimate based on potential employee qualifications and other considerations permitted by law under the Colorado Equal Pay for Equal Work Act and Equal Pay Transparency Rules.
- Bonus Eligibility: Annual bonus based on Company Bonus Plan/Individual Performance and is at the Company Discretion.
- Benefits: Medical, Dental, Vision insurance. Disability insurance. Employee assistance program. Flexible spending account. Health savings account. Life insurance.
- Paid Time Off: Vacation and sick leave, as well as paid Bank Holidays.
- 401(k): Company match begins with the first contribution and follows the company vesting schedule.
- Other: access to career training and development opportunities, employee discounts.
- For more about InBank and our culture, visit us here: Who We Are
InBank is an Equal Opportunity Employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, or any other characteristic protected by applicable federal, state, or local laws.
PIca969e384616-37437-38557667
