Senior Fraud Analyst

NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk.

Newtek's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.

Newtek Bank, N.A. is looking to add a Senior Fraud Analyst to its team.

This Senior Fraud Analyst will be responsible for supporting the compliance department with the day-to-day administration of the Bank's financial crimes program, established procedures and internal controls. This position may function in more than one of the following areas: decisioning automated monitoring fraud alerts, escalating appropriate alerts for investigation, documenting the outcome of the investigation; preparing and filing required regulatory reports (SAR) to FinCEN; identifying and investigating incidents of fraud.

Essential Functions & Responsibilities

• Reviews the Bank's automated monitoring software's fraud alerts on a daily basis to determine if potential fraudulent activity has occurred and if further investigation and escalation to the Bank's business lines for further investigation and transaction decsioning is warranted.
• Investigates all matters of internal and external fraud attempted or perpetrated against the Bank
• Investigates reported fraud and confers with Bank counsel, operations, and law enforcement to resolve fraud investigations.
• Compiles all fraud cases for SAR reporting to FinCEN and law enforcement.
• Provides the Bank's BSA/AML & OFAC Officer and Chief Compliance Officer with data relative to frauds attempted and perpetrated for Board reporting purposes.
• As the second line of defense, identifies trends in fraud attempts through monitoring and/or industry groups and advises Bank management so that they may implement or enhance internal controls.
• Collaborates with business lines to ensure that fraud controls are considered as part of their risk management activities and incorporated into product or service risk assessments.
• Independently assesses risks and management's controls for adequacy and makes recommendations to Bank business line management in order to strengthen their control environment to reduce the risk and impact of frauds.
• Assists in providing fraud related training to Bank business units as assigned and directed.
• Assesses automated onboarding fraud mitigation system parameters and automated transaction monitoring system parameters and makes recommendations to adjust based on identified trends.
• Investigates and assists in responses to law enforcement requests related to bank fraud.
• Provides guidance to business lines with regards to fraud risk related to new products and services, including digital products and services.
  
  

Knowledge, Skills & Abilities

• Working knowledge of bank operations, policies, and procedures, with ability to research, analyze and recommend policy and procedural enhancements.
• Working knowledge of fraud and financial crimes banking laws, regulations, operations and procedures.
• Strong analytical capability and the ability to identify potential concerns, recommend operational improvements to management and initiate action.
• Excellent communication (verbal and written), organizational, and follow-up skills.
• Must exhibit the ability to work both independently and in a team oriented environment.
• The ability to negotiate and collaborate with others, initiate action, adapt to change and accept challenging assignments is essential.
• Proficiency in Microsoft Office suite software, including but not limited to Excel, Word, PowerPoint, and Outlook, as well as Teams. Knowledge of Alloy solutions is a plus.
  
  

Education & Certification Requirements

• 5+ years of financial crimes experience at a financial institution or as a consultant or regulator.
• Professional designation as a Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS), or Certified AML and Fraud Professional (CAFP) preferred.
• Bachelor's Degree required (may consider commensurate work experience)
  
  

Salary Range: $80,000 to $100,000 per year

NewtekOne is an Equal Opportunity Employer; M/F/D/V. We require all of our employees to perform work in an ethical manner and uphold our Code of Business Conduct and Ethics at all times.