Published on

Jun 10, 2024

Published on

Jun 10, 2024

Published on

Jun 10, 2024

Published on

Jun 10, 2024

Fraud Analyst

Fraud Analyst

Fraud Analyst

Fraud Analyst

Full-time

/

United States

/

Remote

Full-time

/

United States

/

Remote

Full-time

/

United States

/

Remote

Full-time

/

United States

/

Remote

About the job

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 for a Fraud Analyst.

This position is 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: decision 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

Fraud Detection and Prevention:

Monitor and analyze banking transactions for signs of suspicious or fraudulent activity.

Use advanced fraud detection tools and software to identify potential fraud patterns.

Develop and implement strategies to prevent fraud, including rule modifications and new procedures.

Investigation And Analysis

Conduct thorough investigations of suspected fraudulent activities.

Gather and analyze data from various sources to build cases and support findings.

Prepare detailed suspicious activity reports (SARs) on investigative findings and recommend actions to mitigate risks.

Collaboration And Reporting

Work closely with internal teams such as IT, compliance, legal, and operations to address and resolve fraud incidents.

Report findings and trends to senior management and suggest improvements to fraud prevention strategies.

Participate in regular meetings to review fraud metrics and discuss ongoing cases.

Training And Education

Stay updated on the latest fraud trends, techniques, and regulatory requirements.

Assist in training bank staff on fraud awareness and prevention techniques.

Compliance

Ensure all fraud detection and investigation activities comply with regulatory requirements and internal policies.

Maintain accurate and up-to-date records of all fraud-related activities and investigations.

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, Velocity FinCrime Software and other fraud monitoring tools, is a plus.

Education & Certification Requirements

3+ years of financial crimes experience at a financial institution or as a consultant or regulator.

Professional designation as a Certified Fraud Examiner (CFE) or Certified AML and Fraud Professional (CAFP) preferred.

Bachelor's Degree Required (may Consider Commensurate Work Experience)

Salary Range: $60,000 to $85,000 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.

About the job

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 for a Fraud Analyst.

This position is 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: decision 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

Fraud Detection and Prevention:

Monitor and analyze banking transactions for signs of suspicious or fraudulent activity.

Use advanced fraud detection tools and software to identify potential fraud patterns.

Develop and implement strategies to prevent fraud, including rule modifications and new procedures.

Investigation And Analysis

Conduct thorough investigations of suspected fraudulent activities.

Gather and analyze data from various sources to build cases and support findings.

Prepare detailed suspicious activity reports (SARs) on investigative findings and recommend actions to mitigate risks.

Collaboration And Reporting

Work closely with internal teams such as IT, compliance, legal, and operations to address and resolve fraud incidents.

Report findings and trends to senior management and suggest improvements to fraud prevention strategies.

Participate in regular meetings to review fraud metrics and discuss ongoing cases.

Training And Education

Stay updated on the latest fraud trends, techniques, and regulatory requirements.

Assist in training bank staff on fraud awareness and prevention techniques.

Compliance

Ensure all fraud detection and investigation activities comply with regulatory requirements and internal policies.

Maintain accurate and up-to-date records of all fraud-related activities and investigations.

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, Velocity FinCrime Software and other fraud monitoring tools, is a plus.

Education & Certification Requirements

3+ years of financial crimes experience at a financial institution or as a consultant or regulator.

Professional designation as a Certified Fraud Examiner (CFE) or Certified AML and Fraud Professional (CAFP) preferred.

Bachelor's Degree Required (may Consider Commensurate Work Experience)

Salary Range: $60,000 to $85,000 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.

About the job

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 for a Fraud Analyst.

This position is 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: decision 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

Fraud Detection and Prevention:

Monitor and analyze banking transactions for signs of suspicious or fraudulent activity.

Use advanced fraud detection tools and software to identify potential fraud patterns.

Develop and implement strategies to prevent fraud, including rule modifications and new procedures.

Investigation And Analysis

Conduct thorough investigations of suspected fraudulent activities.

Gather and analyze data from various sources to build cases and support findings.

Prepare detailed suspicious activity reports (SARs) on investigative findings and recommend actions to mitigate risks.

Collaboration And Reporting

Work closely with internal teams such as IT, compliance, legal, and operations to address and resolve fraud incidents.

Report findings and trends to senior management and suggest improvements to fraud prevention strategies.

Participate in regular meetings to review fraud metrics and discuss ongoing cases.

Training And Education

Stay updated on the latest fraud trends, techniques, and regulatory requirements.

Assist in training bank staff on fraud awareness and prevention techniques.

Compliance

Ensure all fraud detection and investigation activities comply with regulatory requirements and internal policies.

Maintain accurate and up-to-date records of all fraud-related activities and investigations.

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, Velocity FinCrime Software and other fraud monitoring tools, is a plus.

Education & Certification Requirements

3+ years of financial crimes experience at a financial institution or as a consultant or regulator.

Professional designation as a Certified Fraud Examiner (CFE) or Certified AML and Fraud Professional (CAFP) preferred.

Bachelor's Degree Required (may Consider Commensurate Work Experience)

Salary Range: $60,000 to $85,000 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.

About the job

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 for a Fraud Analyst.

This position is 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: decision 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

Fraud Detection and Prevention:

Monitor and analyze banking transactions for signs of suspicious or fraudulent activity.

Use advanced fraud detection tools and software to identify potential fraud patterns.

Develop and implement strategies to prevent fraud, including rule modifications and new procedures.

Investigation And Analysis

Conduct thorough investigations of suspected fraudulent activities.

Gather and analyze data from various sources to build cases and support findings.

Prepare detailed suspicious activity reports (SARs) on investigative findings and recommend actions to mitigate risks.

Collaboration And Reporting

Work closely with internal teams such as IT, compliance, legal, and operations to address and resolve fraud incidents.

Report findings and trends to senior management and suggest improvements to fraud prevention strategies.

Participate in regular meetings to review fraud metrics and discuss ongoing cases.

Training And Education

Stay updated on the latest fraud trends, techniques, and regulatory requirements.

Assist in training bank staff on fraud awareness and prevention techniques.

Compliance

Ensure all fraud detection and investigation activities comply with regulatory requirements and internal policies.

Maintain accurate and up-to-date records of all fraud-related activities and investigations.

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, Velocity FinCrime Software and other fraud monitoring tools, is a plus.

Education & Certification Requirements

3+ years of financial crimes experience at a financial institution or as a consultant or regulator.

Professional designation as a Certified Fraud Examiner (CFE) or Certified AML and Fraud Professional (CAFP) preferred.

Bachelor's Degree Required (may Consider Commensurate Work Experience)

Salary Range: $60,000 to $85,000 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.

About Company

NewtekOne has helped businesses grow since 1998. Publicly traded with full transparency (NASDAQ: NEWT) since 2000, we are a leading provider of key business and financial solutions to thousands of companies in all 50 states. Our goal is to partner with businesses, from small to enterprise, to improve their bottom line. NewtekOne’s solutions are innovative and cost effective, including: Lending, Insurance, Technology, Payment Processing, POS, Payroll, Banking and Marketing. The Newtek Advantage, our cloud-based operating platform, gives business owners instant access to digital tools, a team of experts and a suite of core services.

Total Employees

406

Company 2-Year Growth

0%

Median Employee Tenure

5.2 years

Because no one goes to school
for fighting fraud.