Fraud Risk Analyst Jobs in Houston, TX (NOW HIRING)

Join our team as a Compliance/Risk Specialist

The primary role of this position is to identify, mitigate and prevent fraud risk and financial loss while supporting Compliance with BSA/AML regulations in the Credit Union. This role reviews fraud and compliance alert investigations  and provides advice and guidance to staff, management, directors, and officers on compliance and risk matters. To  accomplish this role, you will execute fully on the review of system-produced fraud and compliance alerts, investigate alerts and cases with urgency and thoroughness, process Regulation E claims to meet regulatory deadlines and protect the Credit Union from loss, mitigate plastic card, check, and ACH fraud through timely action on suspicious activity, and review third party systems/reports to identify compliance/fraud concerns and take proper measures for mitigation and/or resolution. . This role will also work collaboratively with processors and peers to reduce the potential for fraudulent card usage. Is responsible for maintaining and monitoring compliance of Credit Union with all required regulations and policies, especially with all Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) policies, procedures, and regulations.

Our culture

• Service: We show up every day ready to do our best for our members, our teammates, and our community. We are committed to continuously improving so every member feels supported, valued, and cared for.
• Inclusive: We believe our strength comes from the people who make up our team and the members we serve. We welcome different perspectives and work together to create a respectful, welcoming environment for everyone.
• Resilience: We face challenges together, support one another through obstacles, and stay focused on finding solutions that help our members and community move forward.

What you’ll do

• Utilizes resources and programs such as Verafin, debit card processor reports , and member account activity monitoring tools to investigate and resolve BSA/AML and fraud alerts with accuracy and urgency. This includes calling members on suspected fraud, Falcon alerts, and other potential fraud situations that arise from daily operations as well as preparing compliance/regulatory reports (SARs/CTRs) as needed and within regulatory timeframes.
• Reviews new accounts, high risk accounts, online banking activity, and payments systems such as ACH originations or share drafts processing for fraud potential and takes action as needed to mitigate losses.
• Attends fraud/compliance networking events and industry webinars to stay current on trends. Provides recommended changes to policies and procedures for emerging topics.
• Maintains monthly reports on fraud cases, fraud losses/prevention, and compliance filings. Discusses emerging trends with Compliance/Risk Manager and/or Third-Party Vendors to adjust strategies as appropriate.

What we’re looking for

• One year to three years of similar or related experience in fraud prevention, fraud investigations, compliance, risk management, financial services, or a related field. Experience with fraud analytics, transaction monitoring, risk scoring, case management, and investigation platforms is preferred. Demonstrated ability to identify suspicious activity, analyze trends and patterns, conduct investigations, document findings, and escalate potential fraud or compliance risks in accordance with established policies and procedures. 
• A two-year college degree, or completion of a specialized certification or licensing, or completion of specialized training courses conducted by vendors, or job-specific skills acquired through an apprenticeship program.
• A commitment to delivering friendly, professional, and accurate service to members, vendors, and associates.
• Strong attention to detail and the ability to follow established policies, procedures, and regulatory requirements.
• Reliability, punctuality, and consistent attendance.
• A team-focused mindset with a desire to support branch goals, sales performance, and financial objectives.
• Alignment with our company culture and commitment to internal and external service standards.

Why you’ll love working here

• Health, dental, and vision insurance
• Paid time off
• Incentive opportunities
• Retirement plan
• Company-paid LTD, STD, and life insurance
• Professional development opportunities
• Wellness benefit with tax savings

Equal Opportunity Employer
We are an equal opportunity employer. All applicants will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, or disability status.