Fraud Detection Specialist

If you are hired to this position, you will be employed by Magnit Global. You will not be employed by City National Bank.

A Fraud Detection Specialist level I will review alerts/transactions that are flagged as potentially fraudulent or out of pattern, based on the client's normal activity. Alerts and/or transactions may consist of various payment types and colleagues in this department are tasked with reviewing and verifying these alerted transactions via outbound and/or inbound call, in addition to initiating dispute claims. This position will play a key role in the prevention of losses to the client and its clients.

The Fraud Detection Specialist I is a position requiring banking operations and/or contact center knowledge, and a general knowledge of fraud identification and prevention.

• Demonstrate resiliency and adaptability in a fast-paced contact center environment
• Review fraud alerts and internal notifications to identify fraudulent or suspicious activity
• Approach problems logically and with good judgment to ensure the appropriate customer outcome
• Demonstrate personal excellence including punctuality, integrity, and accountability
• Comfortable in a metrics driven environment that requires the ability to prioritize and multitask
• Think critically and exercise independent judgement
• Following established policies and procedures, initiates appropriate actions steps to mitigate risk and protect the Bank from financial loss
• Opens cases/claims on all suspicious activity and appropriately investigates, and escalates when needed
• Works to detect various fraud schemes (email compromise, elder abuse, counterfeit checks, ATO, etc.) and characteristics of red flags, performs additional duties as assigned
• Performs defined mitigation steps to reduce financial loss to our customers and the bank
• Ability to complete assigned duties within daily deadlines, both efficiently, timely, and with minimal supervision to meet KPIs and SLAs
• Responsible for detecting fraudulent transactions and maintaining a minimal error rate in high-volume, high risk (large dollar) department
• Performs fraud alert review activities by following standard scripts and procedures
• Review/decision alerts in Fraud application, and work independently while applying operating guidelines to make informed independent decisions
• Consults with senior peers and team leads on moderate to complex issues to learn through experience
• Experience working in a fast paced environment that demands excellent organizational and interpersonal skills
• Strong communications skills to handle complicated or sensitive information to customers and other outside parties in a timely manner

• Preferred 1 year of general office, back office banking or accounting experience
• Advanced computer experience required (e.g. MS Word, Outlook and Excel)
• Preferred 1 year in banking operations or contact center experience
• Preferred 1 year of experience in fraud investigations, disputes, and/or fraud exposure
• Must work well in a team environment, as well as independently
• Bachelor's degree a plus

This is the pay range that Magnit reasonably expects to pay for this position: $24.63/hour - $26.40/hour

Medical, Dental, Vision, 401K