Primary Location:
Oaktec Building

Locations:
Auburn Hills, MI US

Additional Locations:
Comerica Great Lakes Campus

Job Type:
Full-time

WorkBest Job Category:
Category C – Days may vary based on workweek schedule (1-5 days in office)

Job Category:
Risk/Audit/Fraud

Required Experience:
0-2 years

Overtime Status:
Non-Exempt

Job ID:
245255

Fraud Prevention Analyst

Fraud Prevention Analyst
 
The FP Analyst will identify fraudulent situations through the review of suspicious activity reports and / or alerting systems. Initiate appropriate action steps or seek appropriate assistance to protect bank from financial loss.
 
Position Responsibilities:
 
Determine Suspicious Activity:
  • Review suspicious activity/exception reports/In clearing check queues to identify fraudulent or suspicious transactions and protect the bank from any loss using various internal systems i.e. shared databases, Hogan, Net Image Viewer, and COLD.
  • Conduct routine phone interviews and may participate in or observe more complex interviews with more experienced analysts.
  • Independently make decisions to continue or terminate account relationships.
  • Independently make decisions to pay or return in-clearing checks.
  • Take appropriate action steps to protect Comerica’s assets, minimize losses, and recommend account protections, with guidance.
Documentation:
  • Accurately and thoroughly document alert and case comments and all investigative steps, in compliance with department procedures and standards, with assistance.
  • Accurately document all case financial information.
  • Write clear and concise narratives which support transactions observed using internal systems and other available resources.
Compliance:
  • Accurately identify Suspicious Activity Reports (SARs) and Management Notifications and submit timely.
  • Identify operational weaknesses contributing to losses and submit details and recommendations to manager.
  • Ensure REG CC holds that are placed meet regulatory guidelines.
  • Maintain a thorough understanding of regulatory requirements.
Collaboration/Other:
  • Interact with business units, customers, and outside agencies to confirm/communicate fraud situations and recommend action steps.
  • Participate in department projects as requested.
  • Assist with testing upgrades to internal systems.

Position Qualifications:
  • Bachelor’s degree from an accredited university OR High School Diploma / GED
  • 2 years of relevant work experience

Oaktec Building
8:00am – 5:00pm Monday – Friday