Fraud Analyst Jobs in Silicon Valley Bank - Bangalore

Job Description

Responsibilities:

• Review payment channels in a fast-paced environment generated from Bank fraud monitoring products and rapidly decision fraud alerts.

• Investigate and research cases and potentially suspicious situations; efficiently arriving at sound risk-based conclusions in order to minimize fraud losses.

• Clearly document and support judgments, decisions, and rationale, which will necessitate strong writing skills and the ability to maintain files and records in accordance with business unit standards.

• Prepare regulatory and investigative reports (SARs).

• Identify fraud trends and communicate observations to management.

• Maintain and update case management system for tracking of fraud cases and relevant information.

• Work closely and collaboratively with members of the Fraud Department.

• Provide advisory guidance in fraud prevention techniques and best practices for both internal and external clientele.

• Identify internal procedural violations and recommend actions to mitigate reoccurrence

• Demonstrate sound judgment and decision making in the context of regulatory requirements, Bank policies, and industry best practices.

• Apply project management and organization skills to a variety of tasks, demonstrating flexibility and problem-solving skills.

• Possess proficiency in understanding banking products and workflows, especially payment systems (check, wire, ACH, and online banking).

• Builds relationships with teams/stakeholders and other internal clients and collaborates to resolve issues.  Recommends potential process improvements.  Special Projects as assigned by management.

• Recommends potential process improvements. Special Projects as assigned by management and provide excellent service and support

• Participates in meetings, coaching and other duties as assigned by management

Skills/ Qualifications:

Knowledge

• Demonstrated expertise of bank products, expertise on regulations, processes and procedures

• Demonstrated Fraud management expertise and support through every step of improving anti-fraud strategy including analyzing current processes, implementing new processes, and constantly refining and improving the approach to fraud detection and prevention.

• Demonstrated knowledge of the associated processes, procedures, controls, and documentation associated with Fraud reviews

Skills

• Strong ability to multi-task, handle high volumes, and support cross-functional teams

• Excellent written and verbal communication skills with ability to convey information

• Proficient at independently researching and solving complex scenarios

• Good networking skills, strong ability to establish relationships with internal clients.
  Strong attention to detail

• Critical thinking with the awareness to know when to challenge or question

• Able to work in a transforming environment and be an ambassador for change

• Aptitude for following process and procedures

• Able to act as a Subject Matter Expert and leader for less experienced team members and work independently with Business Partners as a SME on projects and initiatives as assigned

• Ability to learn and use a variety of systems and technology.

• Ability to work independently on special projects.

• Demonstrate aptitude to utilize computer systems, adhere to bank policies and procedures, and ensure compliance with applicable bank regulations.

• Excellent communication skills.

• High level of professionalism and confidentiality.

• Works well in a team environment.

Competencies

• Organizational Skills

• Thoroughness

• Technical Capacity/Ability to Work with Variety of Systems

• Problem Solving/Analysis

• Accountability

• Time Management

• Flexibility

• Collaboration

• Fosters Team

Education and certifications:

• Bachelor’s Degree (preferably commerce)

• At least 2 years of specifically relevant business experience preferably within the Banking industry or financial crime law enforcement; plus, a basic understanding of fraud detection and prevention.