As part of the External Fraud Working Group's strategic initiative, this role is designed to centralize and enhance the bank's use of fraud prevention and detection tools and technologies. The Fraud ...
Quick apply
As part of the External Fraud Working Group's strategic initiative, this role is designed to centralize and enhance the bank's use of fraud prevention and detection tools and technologies. The Fraud ...
As part of the External Fraud Working Group's strategic initiative, this role is designed to centralize and enhance the bank's use of fraud prevention and detection tools and technologies. The Fraud ...
Quick apply
As part of the External Fraud Working Group's strategic initiative, this role is designed to centralize and enhance the bank's use of fraud prevention and detection tools and technologies. The Fraud ...
As part of the External Fraud Working Group's strategic initiative, this role is designed to centralize and enhance the bank's use of fraud prevention and detection tools and technologies. The Fraud ...
Quick apply
As part of the External Fraud Working Group's strategic initiative, this role is designed to centralize and enhance the bank's use of fraud prevention and detection tools and technologies. The Fraud ...
As part of the External Fraud Working Group's strategic initiative, this role is designed to centralize and enhance the bank's use of fraud prevention and detection tools and technologies. The Fraud ...
Quick apply
As part of the External Fraud Working Group's strategic initiative, this role is designed to centralize and enhance the bank's use of fraud prevention and detection tools and technologies. The Fraud ...
As part of the External Fraud Working Group's strategic initiative, this role is designed to centralize and enhance the bank's use of fraud prevention and detection tools and technologies. The Fraud ...
As part of the External Fraud Working Group's strategic initiative, this role is designed to centralize and enhance the bank's use of fraud prevention and detection tools and technologies. The Fraud ...
As part of the External Fraud Working Group's strategic initiative, this role is designed to centralize and enhance the bank's use of fraud prevention and detection tools and technologies. The Fraud ...
As part of the External Fraud Working Group's strategic initiative, this role is designed to centralize and enhance the bank's use of fraud prevention and detection tools and technologies. The Fraud ...
ACH fraud, Wire fraud, Check fraud, Card fraud, Digital banking fraud, Account takeover prevention, Identity verification solutions * Familiarity with machine learning models and fraud analytics ...
ACH fraud, Wire fraud, Check fraud, Card fraud, Digital banking fraud, Account takeover prevention, Identity verification solutions * Familiarity with machine learning models and fraud analytics ...
Relationship Banker
Grand Rapids, MI · On-site
$17 - $27.50/hr
... bank policies, procedures, and regulatory requirements. * Follows all fraud prevention procedures and attends training to stay up-to-date on evolving fraud tactics. Key Competencies for Position ...
Relationship Banker
Grand Rapids, MI · On-site
$17 - $27.50/hr
... bank policies, procedures, and regulatory requirements. * Follows all fraud prevention procedures and attends training to stay up-to-date on evolving fraud tactics. Key Competencies for Position ...
... prevention within auto finance, consumer lending, or banking, including prior people-leadership or team-lead experience. Strong working knowledge of fraud typologies relevant to auto lending ...
... prevention within auto finance, consumer lending, or banking, including prior people-leadership or team-lead experience. Strong working knowledge of fraud typologies relevant to auto lending ...
Several years of experience in fraud investigation, fraud strategy, credit risk, or loss prevention within auto finance, consumer lending, or banking, including prior people-leadership or team-lead ...
Several years of experience in fraud investigation, fraud strategy, credit risk, or loss prevention within auto finance, consumer lending, or banking, including prior people-leadership or team-lead ...
Market Relationship Banker
Grand Rapids, MI · On-site
$17 - $27.50/hr
... bank policies, procedures, and regulatory requirements. * Follows all fraud prevention procedures and attends training to stay up-to-date on evolving fraud tactics. Key Competencies for Position ...
Market Relationship Banker
Grand Rapids, MI · On-site
$17 - $27.50/hr
... bank policies, procedures, and regulatory requirements. * Follows all fraud prevention procedures and attends training to stay up-to-date on evolving fraud tactics. Key Competencies for Position ...
This role supports Bank Secrecy Act (BSA) compliance, fraud prevention and investigations, suspicious activity monitoring, and regulatory reporting. Role Overview As a Risk Management Specialist, you ...
This role supports Bank Secrecy Act (BSA) compliance, fraud prevention and investigations, suspicious activity monitoring, and regulatory reporting. Role Overview As a Risk Management Specialist, you ...
Risk Management Specialist
Livonia, MI · On-site
This role supports Bank Secrecy Act (BSA) compliance, fraud prevention and investigations, suspicious activity monitoring, and regulatory reporting. Role Overview As a Risk Management Specialist, you ...
Risk Management Specialist
Livonia, MI · On-site
This role supports Bank Secrecy Act (BSA) compliance, fraud prevention and investigations, suspicious activity monitoring, and regulatory reporting. Role Overview As a Risk Management Specialist, you ...
Risk Management Specialist
Livonia, MI · On-site
This role supports Bank Secrecy Act (BSA) compliance, fraud prevention and investigations, suspicious activity monitoring, and regulatory reporting.Role OverviewAs a Risk Management Specialist, you ...
Quick apply
Risk Management Specialist
Livonia, MI · On-site
This role supports Bank Secrecy Act (BSA) compliance, fraud prevention and investigations, suspicious activity monitoring, and regulatory reporting.Role OverviewAs a Risk Management Specialist, you ...
Relationship Banker
Grand Rapids, MI · On-site
$17 - $29.75/hr
Follow established procedures to protect clients and the bank, including fraud prevention and risk awareness practices. * Maintain strong attention to detail in all client interactions and ...
Relationship Banker
Grand Rapids, MI · On-site
$17 - $29.75/hr
Follow established procedures to protect clients and the bank, including fraud prevention and risk awareness practices. * Maintain strong attention to detail in all client interactions and ...
Relationship Banker
Manchester, MI · On-site
$17 - $29.75/hr
Follow established procedures to protect clients and the bank, including fraud prevention and risk awareness practices. * Maintain strong attention to detail in all client interactions and ...
Relationship Banker
Manchester, MI · On-site
$17 - $29.75/hr
Follow established procedures to protect clients and the bank, including fraud prevention and risk awareness practices. * Maintain strong attention to detail in all client interactions and ...
Relationship Banker
Holland, MI · On-site
$17 - $29.75/hr
Follow established procedures to protect clients and the bank, including fraud prevention and risk awareness practices. * Maintain strong attention to detail in all client interactions and ...
Relationship Banker
Holland, MI · On-site
$17 - $29.75/hr
Follow established procedures to protect clients and the bank, including fraud prevention and risk awareness practices. * Maintain strong attention to detail in all client interactions and ...
Relationship Banker
Dexter, MI · On-site
$17 - $29.75/hr
Follow established procedures to protect clients and the bank, including fraud prevention and risk awareness practices. * Maintain strong attention to detail in all client interactions and ...
Relationship Banker
Dexter, MI · On-site
$17 - $29.75/hr
Follow established procedures to protect clients and the bank, including fraud prevention and risk awareness practices. * Maintain strong attention to detail in all client interactions and ...
Product Manager Sr.
Detroit, MI · On-site +1
$125K - $165K/yr
The Treasury Management Fraud Prevention Product Management team is seeking a strategic, market ... Bachelor's Degree * 5+ years of Treasury Management and/or banking related experience * 2+ years ...
Product Manager Sr.
Detroit, MI · On-site +1
$125K - $165K/yr
The Treasury Management Fraud Prevention Product Management team is seeking a strategic, market ... Bachelor's Degree * 5+ years of Treasury Management and/or banking related experience * 2+ years ...
Relationship Banker II
Bellevue, MI · On-site
$17 - $29.75/hr
Follow established procedures to protect clients and the bank, including fraud prevention and risk awareness practices. * Maintain strong attention to detail in all client interactions and ...
Relationship Banker II
Bellevue, MI · On-site
$17 - $29.75/hr
Follow established procedures to protect clients and the bank, including fraud prevention and risk awareness practices. * Maintain strong attention to detail in all client interactions and ...
Bank Fraud Prevention information
What is bank fraud prevention?
Bank fraud prevention refers to the strategies, technologies, and processes that banks use to detect, prevent, and respond to fraudulent activities. This includes monitoring transactions for suspicious behavior, implementing security measures like multi-factor authentication, and educating customers about common scams. Effective fraud prevention minimizes financial losses and protects both the institution and its customers from criminal activities.
What are the key skills and qualifications needed to thrive as a bank fraud prevention specialist?
To thrive as a Bank Fraud Prevention Specialist, you need a strong understanding of financial systems, fraud detection techniques, and risk analysis, often supported by a degree in finance, criminology, or a related field. Familiarity with fraud monitoring software, data analytics tools, and industry certifications like Certified Fraud Examiner (CFE) are typically required. Strong attention to detail, analytical thinking, and clear communication are crucial soft skills for effectively identifying and addressing suspicious activities. These capabilities are vital for protecting the bank’s assets, maintaining customer trust, and ensuring compliance with regulatory standards.
What are some common challenges faced by professionals in bank fraud prevention roles?
Professionals in bank fraud prevention often face the challenge of staying ahead of increasingly sophisticated fraud schemes, which require continuous learning and adaptation to new technologies and tactics. Balancing the need to prevent fraudulent transactions while ensuring a smooth customer experience can also be demanding. Additionally, collaborating with cross-functional teams such as IT, compliance, and customer service is essential to effectively investigate and resolve incidents. The fast-paced environment and the pressure to respond quickly to potential threats make strong analytical and communication skills crucial for success in this role.
What is the difference between Bank Fraud Prevention vs Bank Compliance Officer?
| Aspect | Bank Fraud Prevention | Bank Compliance Officer |
|---|---|---|
| Primary Focus | Detecting and preventing fraudulent activities in banking transactions | Ensuring bank operations comply with laws and regulations |
| Certifications | Certifications like CFE, CAMS often preferred | Certifications like CRCM, CAMS may be relevant |
| Work Environment | Fraud detection teams, security departments | Compliance departments, legal teams |
| Industry Usage | Common in retail banking, financial institutions | Widespread across banking sectors for regulatory adherence |
While both roles operate within banking security and regulation, Bank Fraud Prevention focuses on identifying and stopping fraudulent activities, whereas Bank Compliance Officers ensure the bank adheres to legal standards and internal policies. Both roles require similar certifications and often collaborate to protect the bank from risks.
What degree do you need to be a bank fraud prevention specialist?
A bank fraud prevention specialist typically needs at least a bachelor's degree in fields such as criminal justice, finance, accounting, or cybersecurity. Relevant skills include knowledge of financial regulations, fraud detection tools, and data analysis, and certifications like Certified Fraud Examiner (CFE) can enhance job prospects.
What are popular job titles related to Bank Fraud Prevention jobs in Michigan?
For Bank Fraud Prevention jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Bank Fraud Prevention jobs in Michigan look for?
The top searched job categories for Bank Fraud Prevention jobs in Michigan are:
What cities in Michigan are hiring for Bank Fraud Prevention jobs?
Cities in Michigan with the most Bank Fraud Prevention job openings:
Full-time
Medical, Dental, Vision, Retirement, PTO
Posted 18 days ago
First Merchants Bank rating
7.8
Based on 22 frontline employees who took The Breakroom Quiz
89th of 174 rated banks
Job description
First Merchants Bank is seeking a Fraud Strategy & Tools Specialist to join our team! As part of the External Fraud Working Group’s strategic initiative, this role is designed to centralize and enhance the bank’s use of fraud prevention and detection tools and technologies. The Fraud Strategy & Tools Specialist will be responsible for fully understanding, optimizing, and aligning fraud tools with business goals, while proactively identifying trends and recommending improvements. This role will serve as a key liaison between fraud operations, line of business (LOB) teams, and external vendors. This role is approved for a hybrid work schedule within our operational footprint.
Essential Duties and Responsibilities:
- Tool Optimization & Oversight
- Attend vendor and user group meetings to stay current on tool capabilities and updates.
- Monitor system changes and assess their impact—both positive and negative—on fraud detection and prevention.
- Fully understand the capabilities of existing fraud tools and identify opportunities for enhancement.
- Strategic Coordination & Documentation
- Understand fraud practices and control effectiveness.
- Coordinate with LOBs to support decision-making related to fraud tools and strategies.
- Document current state, key decisions, and maintain up-to-date records of tool configurations and usage.
- Research and recommend leading practices in fraud prevention and technology utilization.
- Fraud Intelligence & Triage
- Identify and analyze fraud trends across channels and products.
- Participate in the fraud triage team to support rapid response and resolution.
- Provide recommendations for ongoing tuning and configuration of fraud detection systems.
- Proactive Engagement & Business Alignment
- Bring forward ideas and recommendations to improve fraud prevention strategies.
- Align fraud tool usage with broader business goals and risk appetite.
- Serve as a proactive partner to internal stakeholders and external vendors.
To be successful in this position, we require the following:
- Bachelor’s degree in business, finance, information systems, or related field.
- A minimum of three (3) years of experience in fraud prevention, risk management, or financial technology.
- Fraud Analytics Experience with one or more fraud detection tools or platforms such as NICE/Actimize, Q2 Sentinel, FICO, Abrigo BAM+, Vertifi, TrueChecks, Alloy, etc.
The following would be a plus:
- Strong analytical and problem-solving skills.
- Excellent communication and collaboration abilities.
- Experience working with cross-functional teams.
- Knowledge of fraud typologies and emerging threats.
- • Ability to translate technical capabilities into business value.
- Detail-oriented with strong documentation and organizational skills.
First Merchants offers the following:
- Base Pay PLUS Bonuses
- Medical, Dental and Vision Insurance
- 401k
- Health Savings and Flexible Spending Accounts
- Vacation/Sick Time
- Paid Holidays
- Paid Parental Leave
- Tuition Reimbursement
- Additional Benefits
A little about us:
First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.
Our Vision is:
To enhance the financial wellness of the diverse communities we serve.
Our Mission is:
To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.
Our Team:
"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."
Apply today to begin your career with us!
What First Merchants Bank employees say
Pay
Benefits
Hours and flexibility
Workplace
Get the full story on Breakroom
About First Merchants
Sourced by ZipRecruiter
Industry
Finance and insurance
Company size
1,001 - 5,000 Employees
Headquarters location
Muncie, IN, US
Year founded
1893