Fraud Detection Associate jobs in Union, NJ

Role Description

This position sits within the Compliance Anti-fraud Team which is part of the SMBC Compliance department (CPAD). The Anti-fraud Team is responsible for developing, overseeing, maintaining, and supporting the Anti-fraud program including, Internal Fraud Risk Management. This team acts in an advisory capacity and as a subject matter expert providing credible challenge to in-scope first line of defense activities and performing second level controls.

This role will report and assist the VP of Anti-Fraud Governance, CPAD, with initiatives pertaining to the Internal Fraud program. The chosen candidate will assist in developing policies and procedures, related training, and communications as well as support with assigned projects aimed to improve program effectiveness and efficiencies.

Role Objectives

The job responsibilities are described herein, but are not all inclusive:

• Assist management in re-mediating open Audit Findings and Self-Identified Issues linked to the Anti-Fraud program.
• Assist in updating related trainings, communications, and support the development and maintenance of fraud policies and procedures.
• Support the team with multiple and simultaneous projects, liaising with other stakeholders in planning, knowledge management, and standards development.
• Coordinate and assist gathering of documents, tracking activities, and requirements associated with issue management, audit, risk assessments, and deliverables related to CPAD’s Anti-Fraud initiatives.
• Assist with identifying, analyzing, monitoring, and reporting fraud metrics, and creating dashboard reports.
• Coordinate with stakeholders to ensure timely and accurate completion of project deliverables.
• Develop and maintain partnerships and good working relationships with stakeholders.
• Adhere to proper departmental practices to consistently maintain and safeguard confidentiality of information and support the highest level of ethical standards.
• Identify opportunities and recommend enhancements to systems and processes
• Assist with ad-hoc projects, reviews, and investigations when the need arises.

Qualifications and Skills

• Knowledge in banking regulations and experience with working in Fraud, Financial Services Compliance, auditing, or another regulatory field.
• Ability to support formulating policies, procedures, and related documentation.
• Highly analytical with effective research, professional networking, and interpersonal skills
• Demonstrated ability to build and maintain strong credible relationships with key stakeholder groups
• Ability to work in a dynamic environment, and adjust to changing priorities
• Technical proficiency in Microsoft Office (Word, Excel, Power Point, etc.) and have strong verbal and written communication skills to relay information efficiently.
• Self-motivated and able to handle tasks with minimal supervision