Fraud Intake Specialist

Position Title

Location

Job Summary

Job Responsibilities:

• Monitoring and responding to “fraud in progress” and other suspicious calls from internal and external customers.
• Retain authority during afterhours/weekends to determine whether law enforcement intercession is necessary.
• Advise branch personnel and bank customers when situations arise which have resulted from holds or freezes placed on their accounts due to potential fraud activity.
• Participate in the on-call weekly rotational schedule which includes afterhours and weekends (Saturdays).
• Evaluate loss situations and fraudulent activity to identify suspects and root cause.
• Use knowledge of Uniformed Commercial Code articles, Regulation CC, Regulation E, and other regulatory criteria to reduce bank’s exposure to loss or gain recovery.
• Respond to inquiries or complaints from customers, law enforcement, regulatory agencies, or members of the business community.
• Facilitate asset recovery actions.
• Report findings/deficiencies and make value added recommendations.
• Recommend preventative measures or process improvements to reduce risk.

• Maintain familiarity with systems and applications in order to research inquiries.
• Ensure familiarity with the most up-to-date policies and procedures to communicate accurate information to customers.
• Complete all required eLearning classes.
• Actively participate in monthly performance meetings; meet or exceed all performance metrics.
• Recognize and communicate the need for potential additions and/or modifications to current policies and procedures.
• Perform additional responsibilities as assigned by management

• Partners with internal partners across the company to effect change and promote awareness through providing targeted training as approved by Fraud department management.
• Establishes, maintains and/or enhances the Flagstar reputation through professionally respected relationships with local, state, and federal law enforcement agencies as well as fraud prevention/investigation professionals throughout the financial community.

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

• Education level required: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent.
• Minimum experience required: 2+ years of relevant fraud/loss prevention experience related to the financial industry or other similar industry.

• General knowledge of banking core systems (DNA, Intracheck, ACM, Salesforce, etc.).
• Understanding of Loss Prevention concepts.
• Proficient in Microsoft Office.
• Intermediate technical and computer skills required; ability to navigate quickly within various computer programs.
• Exceptional analytical and problem-solving skills with an ability to think quickly under pressure and make sound decisions.
• Ability to look for ways to improve and promote quality.
• Ability to work independently with minimal supervision.
• Ability to multi-task and set priorities.
• Ability to display a high level of confidentiality.
• Knowledge of various fraud schemes and Loss Prevention concepts including but not limited to; online fraud, check fraud, card related fraud, deposit fraud, and employee fraud, understanding prevention and investigation methods for each.
• Excellent written, oral, and presentation skills with the ability to organize information and make clear, concise recommendations on a course of action.
• Strong understanding of local, state, and federal laws relative to loss/fraud related matters.
• Strong knowledge and understanding of various regulatory structures, Regulation CC, Regulation E, and Uniformed Commercial Code articles.
• Creative team-focused, effective problem solver.
• Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
• Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
• Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.
• Physical demands (ADA): No unusual physical exertion is involved.

We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank

Pay Range