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Associate, Fraud Investigations Support

Santander Holdings USA Inc

This is a Contract position in Sewell, PA posted December 28, 2020.

Associate, Fraud Investigations Support
– 2004283 As a member of Santander’s retail banking division, you will serve Santander’s retail and small business customers as part of one of the top banks in the United States based on deposits.

With principal presence in the northeast U.S., Santander’s retail division offers consumer and lending products to help our customers reach their financial goals.

Santander currently serves nearly 2 million retail customers and 5.2% of the 2.7 million small businesses in the US footprint have a transactional account with Santander Bank.

The Fraud Investigation Support Associate is responsible for collecting, reviewing, responding to, and analyzing data, documentation, and other evidence to ensure compliance with department service level agreements, policies, procedures, and/or regulatory and risk requirements in a fast-paced environment.

A successful candidate will help facilitate the investigation of various types of suspicious activity and will coordinate with internal and external partners (including law enforcement agencies) to take care of customer accounts and to reduce potential exposure to criminal activities and perform recoveries where possible .

In this role the associate may perform a variety of the following critical activities including: Quality Control (QC) of case documentation to ensure all procedures were followed, appropriate evidence is documented, and proper decisions were made regarding the case.

Quality Control of Suspicious Activity Reports (SARs) to ensure all SARs meet regulatory requirements and are completed in a timely and thorough manner.

Review of continuing activity in accounts where suspicious activity had previously been identified.

Initial review of cases to determine who they should be assigned to and to identify any potential trends in case activity, including identifying if cases should be grouped together to help law enforcement apprehend suspects.

Data analysis and reporting to ensure that the team and the work content are managed properly using clear management information and the creation of reports to senior leaders and various internal stakeholders.

Responsibilities Actively interface with peer banks and industry organizations to Maintain and broaden awareness of industry risks, trends, solutions, and best practices.

Acts as the subject matter expert in external fraud investigations and in communication with various departments to obtain/provide information for key projects and problem resolution purposes.

Conduct interviews of victims, witnesses, and suspects (both internal and external to the Bank).

Conducts ad-hoc reporting and analysis as required to support investigations.

Coordination with Law Enforcement to arrest/convict suspects and recover Bank assets.

Demonstrate technical expertise and strong knowledge base in the area of fraud prevention risk management.

Develops and maintains comprehensive documentation for investigations.

Develops deep subject matter expertise in fraud and other key indicators that may result in potential vulnerability/risk.

Ensure that all Suspicious Activity Reports consistently meet heightened quality standards before being submitted.

Identifies and monitors trends and/or abnormalities with regards to external fraud activity.

Provide proactive recommendations to management.

Identify and pursue process enhancements and continuous improvement opportunities.

Investigate various types of suspicious activity to determine fraud exposure to the Bank.

Leverage deep understanding of various financial crime schemes to mitigate losses and propose strategies to fortify the bank’s defenses against threats.

Maintain compliance with the Bank Secrecy Act by ensuring that Suspicious Activity Reports are filed on all qualified activity and within the established timelines.

Maintain high level of performance in terms of working/closing out cases in a timely fashion, securing recoveries and achieving consistently high quality assurance scores for casework.

Maintains an in-depth awareness of company goals and industry trends.

Off hours availability for escalated fraud events (on a rotation).

Participates in the evaluation of new applications and the identification of systems requirements for planning purposes.

Perform ad-hoc analysis as potential risks are identified.

Prepare cases for civil litigation and/or criminal prosecution.

Recover stolen funds and/or assets.

Qualifications Bachelor’s Degree;,or equivalent work experience.

5-9 years; Banking experience preferably in operations and/or fraud prevention.

Ability to maintain confidentiality,Ability to think out of the box and recommend feasible solutions under the circumstances.

Able to adjust to a rapidly changing environment,Able to manage multiple tasks or projects.

Able to work independently as part of team.

Excellent inter-personal and partnering skills to facilitate effective working relationships.

Excellent problem solving skills and ability to make swiftly escalate issues to senior staff when needed.

Exceptional documentation and process management skills Excellent verbal and written communication skills.

Good planning and organizational skills.

Knowledge of FIS fraud products and service offerings.

Knowledge of back-end systems supporting payment transactions, servicing products and operational procedures.

Knowledge of federal and state regulations and laws regarding fraud-related issues.

Knowledge of the principles, processes, procedures and trends of fraud and fraud prevention.

Self-directed and results-driven with demonstrated ability to capture and document the needs of the business.

Self-starter who proactively seeks learning and development opportunities.

Strong Technical Skills and proficiency in launching applications and maneuvering in a Windows based environment.

Strong analytical, research and attention to details skills.

Understands our risk systems and supports analysis that surfaces patterns, trends, and bugs that help inform our fraud policies and processes while directly impacting the business.

Working knowledge of MS Office, i.e., Excel, Word, PowerPoint and computer navigation and operation skills.

Minimal physical effort such as sitting, standing, and walking.

Addresses customer’s requests, ensures concerns are recorded accurately and action is initiated appropriately.

Makes extra effort to satisfy customers needs and meet commitments.

Builds and maintains one’s network of contacts and resources and knows who to involve in problem resolution.

Communicates in a timely and straightforward manner.

Probes for additional information, clarifies assumptions and confirms agreed-upon actions.

Keeps everyone involved informed about progress and issues.

Creates a good working environment in the team; works towards shared goals contributing ideas and accepting change.

Provides assistance and coaches less experienced team members.

Executes risk management process and procedures without management direction, and demonstrates awareness of expected results.

Knows the relationship and impact of actions and results.

Has an understanding of regulations impacting area supported.

Follows through to meet commitments to others.

Takes responsibility for achieving strong results, despite balancing multiple complex demands.

Identifies the component parts of a complex situation or problem and the relationship among variables that are not obvious.

Stays current with industry and regulatory trends and emerging risk issues.

Has good understanding of current market and competitive landscape that the organization operates within.

At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams.

We actively encourage everyone to apply Job : Business Operations Primary Location : New York-New York-200 Liberty Street
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– Villanova Aldwyn 2 Organization : SBNA Operations (5000) Schedule : Full-time Job Posting : Dec 10, 2020, 11:30:06 PM