Fraud Prevention Analyst

Fraud Prevention Analyst Identify fraudulent situations through the review of suspicious activity reports and / or alerting systems. Initiate appropriate action steps or seek appropriate assistance to protect bank from financial loss. Position Responsibilities: Determine Suspicious Activity

• Review suspicious activity/exception reports to identify fraudulent or suspicious transactions and protect the bank from any loss using various internal systems i.e., shared database, Hogan, Check Vision, and COLD.
• Conduct routine phone interviews and may participate in or observe more complex interviews with more experienced analysts.
• Independently make decision to continue or terminate account relationships.
• Take appropriate action steps to protect Comerica's assets and minimize losses, with guidance.

Documentation

• Accurately and thoroughly document alert and case comments and all investigative steps, in compliance with department procedures and standards, with assistance.
• Accurately document all case financial information.
• Write clear and concise narratives which support transactions observed using internal systems and information found on the Internet.

Compliance

• Accurately identify Suspicious Activity Reports (SARs) and Management Notifications and submit timely.
• Identify operational weaknesses contributing to losses and submit details and recommendations to manager.
• Ensure REG CC holds that are placed meet regulatory guidelines.
• Maintain a thorough understanding of regulatory requirements.

Collaboration / Other

• Interact with business units, customers, and outside agencies to communicate fraud situations and recommend action steps.
• Participate in department projects as requested.
• Assist with testing upgrades to internal systems.