What are the responsibilities and job description for the Fraud Investigator position at Old Second National Bank?
Who We Are
At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!
Position Overview
The Fraud Investigator role is responsible for conducting complex investigations that may result in Suspicious Activity Report (SAR) filings. The incumbent will conduct investigative research, document case evidence, and as appropriate, SAR referrals, and complete approved SARs in accordance with Bank policies and procedures.
Primary Job Functions
- Utilizes critical thinking to investigate fraudulent activity including complex and/or high dollar check, account, and loan fraud cases in which customers are victims or perpetrators and document all appropriate evidence in accordance with Bank policies and procedures.
- As needed, create SAR referrals and required case files on unusual activity for SAR committee approval.
- Completes SAR forms and on-going reviews based on Bank standards and government filing requirements.
- Complete grand jury subpoena reviews and prepare SAR referral, if appropriate.
- Conduct QA reviews of SARs completed by other team members prior to filing SARs with FinCEN.
- File reviewed SARs with FinCEN.
- Ensures fraud investigations are within applicable laws and standards.
- Performs other duties and investigative activities as assigned by management.
Secondary Responsibilities
- Assist with the creation/updating of procedures related to investigations.
- Complete BSA investigations, SAR referrals, complete SAR forms and/or ongoing reviews; ensure complete and accurate SAR content and documentation.
- Assist with various tasks including corresponding with branches, departments, local and federal agencies regarding fraud issues.
- Interact with customers on fraudulent/potentially fraudulent activity.
Minimum Requirements
- Two or more years of college, and three years of experience in a depository financial institution including a minimum of two years of Fraud or AML compliance experience; or equivalent combination of education and experience.
- Must have previous experience completing SARS (2 years strongly preferred)
Preferred, but not required
- Related certification preferred (e.g., CFE, CFI, CAMS).
- Bachelor's degree in related area of study preferred.
Competencies
- Proficient in using core banking software, Fraud monitoring software such as Jack Henry's YellowHammer and Windows 2010 Office software.
- Experience working in a fast-paced environment, understanding that urgency and meeting deadlines are frequently part of the work.
- Strong interpersonal, communication (written and verbal) and organizational skills with the ability to work independently, as well as, collaboratively within a team environment.
- Interact effectively with all levels of management, law enforcement, regulators and examiners, while maintaining strict confidentiality.
- Strong decision making, analytical and investigative abilities with attention to detail and accuracy.
Thanks for considering Old Second!
