Risk Analyst - Fraud Prevention

Risk Analyst - Fraud Prevention Expert

Do you have a sharp eye for spotting fraud? Are you a data-driven problem solver who thrives on safeguarding financial institutions? If so, we want you on our team!

At UNIFY Financial Credit Union, we're looking for a Risk Analyst, who knows how to detect fraud before it happens. You'll analyze transactions, investigate suspicious activity, and work with cutting-edge fraud detection tools to keep our members protected.

What You'll Do

• Work daily on-site at our Allen, TX location, starting at 10AM CST.
• Spot fraud patterns in transactions involving ACH, Zelle, checks, cash, new account set-up, and even Bitcoin.
• Investigate fraud claims and suspicious accounts.
• Analyze big data to refine fraud detection strategies.
• Collaborate with cross-functional teams and external partners to stay ahead of fraud trends.
• Help shape the future of fraud prevention at UNIFY.

What You'll Need

• 3+ years of experience in fraud detection or risk management (preferably in financial services).
• Knowledge of regulatory guidelines like REG E, REG Z, and NACHA.
• Experience with fraud prevention tools like Verafin, Centix DTS (Dispute Tracking System), CATS, and other fraud detection tools.
• Strong analytical skills, Excel & SQL expertise, and a keen attention to detail.
• Ability to multitask and communicate effectively in a fast-paced environment.
  
  

Ready to join a team that makes an impact? Apply now!

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Detailed Overview:

UNIFY Financial Credit Union is one of the nation's largest 100 credit unions with a reputation for being financially sound and growth-oriented. We're expanding rapidly to meet the needs of a growing member base. At UNIFY, our team members work together to strive toward a common goal, "providing superior service to our members." In doing so, we promote a culture where your ideas matter, your growth matters, and you matter. We encourage all team members to challenge and encourage themselves and their teammates to work smarter and to be more successful

Summary:

The Risk Analyst is responsible for identifying, analyzing, and mitigating a wide range of risks, with a strong emphasis on fraud detection and prevention. This role combines operational risk assessment and fraud mitigation efforts to safeguard the organization from financial losses caused by fraud, abuse, and negligence.

Notes: This role is not eligible for remote work. This role will work onsite daily from our Operations Center in Allen, TX.

To support our West Coast locations, this role will report in with a start time of 10:00AM CST.

Responsibilities:

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  Review and analyze various transaction types (ACH, cash transactions, Zelle, checks, Bitcoin) to identify patterns of fraudulent activity by using fraud detection tools (Visa Risk Management, Verafin, Fidelity Information System (FIS), Sentry alerts) to proactively flag and report high-risk transactions and member accounts.

  
  
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  Investigate, research, and process fraud claims (checks, ACH transactions, Zelle, and other methods) to determine the degree of risk and ensure accurate reporting.

  
  
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  Review high-risk new account applications and transactions for fraud indicators, including online accounts and ATM/eDeposits (Remote Deposit Capture).

  
  
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  Investigate member accounts suspected of fraud or abuse, and take appropriate actions (e.g., restricting services or flagging accounts) to mitigate risk and prevent further fraudulent activity.

  
  
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  Monitor and investigate fraudulent activity alerts and conduct research on suspicious accounts and high-risk transactions to identify potential fraud and prevent losses.

  
  
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  Identify fraud patterns and anomalies by analyzing large volumes of transactional data. Use these insights to recommend new fraud detection rules or system enhancements.

  
  
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  Collaborate with cross-functional teams (Operations, IT, Member Services) to refine risk management strategies and contribute to the development of new fraud prevention methodologies and continuously improve internal fraud mitigation processes.

  
  
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  Partner and maintain a relationship with external vendors to stay updated on fraud trends, fraud prevention technologies, and industry best practices.

  
  
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  Perform periodic risk assessments of merchants and other partners to evaluate potential vulnerabilities and enhance fraud prevention measures.

  
  
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  Prepare and maintain detailed reports on fraud trends, suspicious activity, and high-risk accounts. Complete Suspicious Activity Reports (SARs) in compliance with government regulations and credit union policies.

  
  
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  Provide support to internal teams (Operations, Finance, and Customer Service) to address fraud-related inquiries, disputes, and claims. Work closely with the Fraud Investigations team to handle high-risk cases and ensure that appropriate actions are taken.

  
  
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  Assist in internal audits and quality assurance reviews to ensure compliance with fraud prevention protocols, regulatory standards (Reg E, Reg Z, NACHA), and organizational policies.

  
  
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  Provide ad-hoc analysis and support as needed to assist in risk mitigation efforts, fraud investigations, and operational risk assessments.

  
  
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  Perform duties in accordance with UNIFY Financial Credit Union's processes and regulations.

  
  
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  Other duties as assigned.

  
  

Qualifications, Experience, & Education:

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  High school diploma or equivalent required.

  
  
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  Bachelor's Degree in Business, Finance, Data Analytics, or a related field strongly preferred. Relevant work experience may be considered in lieu of a degree.

  
  
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  Minimum of 3 years' experience in Risk Management of Fraud within a financial institution, with a focus on fraud detection and mitigation.

  
  
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  Familiarity with REG E, REG Z, NACHA rules, and other relevant regulatory guidelines within the financial services industry.

  
  
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  Current proficient knowledge in Verafin, Centix DTS (Dispute Tracking System), CATS, and other fraud detection tools.

  
  
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  Advanced proficiency in Excel, SQL, or other data analysis tools for extracting, analyzing, and interpreting large datasets.

  
  
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  Current in all required training (e.g., Reg E, Reg Z, NACHA, and other fraud-related laws), with established avenues for continually staying updated on the latest fraud prevention strategies, industry trends, and regulatory changes.

  
  
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  Ability to organize and manage time to multi-task and meet strict deadlines in a fast-paced environment.

  
  
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  Strong verbal and written communication skills to all team levels within the credit union.

  
  

See the UNIFY Difference!

At UNIFY, we believe that each team member is a valued contributor. Through a teamwork approach, we strive to provide a positive and rewarding workplace that helps our team succeed. UNIFY provides a work environment which promotes learning, growth, and the opportunity for team members to challenge themselves.

Competitive Compensation and Excellent Benefits Package* Includes:

Medical (PPO/HMO), Prescription, Dental (PPO/DMO), Vision, Life, and Short- and Long-Term Disability Insurance

Dependent and Medical Care - Flexible Spending Accounts

Vacation, Sick, Personal and Holiday Pay

401(K) Plan with employer match

Education reimbursement for approved programs

UNIFY banking privileges for you and your family

*All programs subject to review and change

An offer of employment is conditioned upon complying with UNIFY's requirements including, but not limited to, signing a consent to conduct a background investigation.

UNIFY is proud to be a drug-free, equal-opportunity employer including disability/vets. For more information on UNIFY, visit us at www.unifyfcu.com