Sign upLog in
See more jobs

Fraud Investigator

Bank of Utah

  • Ogden, Washington
  • 17 days ago

    Highlights

    As a subject matter expert, the Fraud Analyst stays current on fraud trends, schemes, and prevention techniques, and may assist in training bank staff and educating members of the public on common fraud risks. Alerts management and institutional AML, Fraud, or Compliance committees of transactions and accounts that warrant further review; assists in investigations and preparation of Suspicious Activity Reports (SARs).

    Numbers & Facts

    LocationOgden, Washington
    Websitehttps://www.bankofutah.com

    Description

    Thanks for your interest in applying to the Bank of Utah. My name is Brady Shepherd, and I work as AVP, Fraud and Bank Security Officer. As an introduction to our company, the Bank of Utah was founded in 1952, and is one of Utah’s largest privately owned community banks. We were named S&P Global Top 20 Bank two years in a row and a Top 100 Fastest Growing Company.
     
    Our Mission Statement:
     
    We strive to unlock the potential of our team members, clients, and community. We act with integrity in every decision, build trust through every interaction, and exceed expectations at every opportunity. We seek to responsibly create lasting prosperity today and for generations to come.
     
    Job Opening Details:
     
    If our mission statement piques your interest, we encourage you to apply for the currently open position of Fraud Investigator to work Monday - Friday at our Ogden Branch located at 2605 Washington Blvd, Ogden, UT. The Fraud Investigator is responsible for detecting, investigating, and preventing fraudulent activity across bank products and services. This role analyzes data to identify suspicious patterns to mitigates financial loss in order to protect clients and the institution. The position requires strong analytical ability, sound judgment, and a working understanding of banking regulations and financial‑crime statutes. The Fraud Analyst conducts independent investigations, performs interviews, and communicates findings to internal partners, external agencies, and, when necessary, the courts.
    As a subject matter expert, the Fraud Analyst stays current on fraud trends, schemes, and prevention techniques, and may assist in training bank staff and educating members of the public on common fraud risks. A motivated and driven mindset is essential to proactively protect the bank, its customers, and its reputation from fraudulent activity.
     
    Analyzes suspicious transactions and associated account histories to identify money laundering or other suspicious/non-compliant behavior. Alerts management and institutional AML, Fraud, or Compliance committees of transactions and accounts that warrant further review; assists in investigations and preparation of Suspicious Activity Reports (SARs). Ensures compliance with associated regulations or legislation, including the Bank Secrecy Act (BSA) and the USA PATRIOT Act.
     
    Qualifications: 
    • Bachelor’s degree is required
    • 4+ years of investigative experience (financial services or fraud-related experience preferred)
    • Proficient with fraud case management systems and secure communication protocols
    • Ability to read and interpret procedures, alerts, and fraud indicators
    • Strong sense of urgency and accountability
    • Critical thinking and problem-solving skills in high-pressure situations
    • Excellent written and verbal communication skills, with the ability to document investigations clearly, professionally and with integrity.  This position requires interfacing with various departments within the organization, Senior Management, members of the public, Law Enforcement Agencies, and may require court testimony during legal proceedings
    • Empathy and professionalism when supporting clients impacted by fraud 
    Regular Duties and Responsibilities:
    • Interpret and apply BSA/AML, fraud, and regulatory requirements to business processes, system enhancements, and operational workflows.
    • Analyze fraud vulnerabilities and recommend mitigation strategies.
    • Monitor customer accounts and transactional activity to detect potential fraud, suspicious behavior, or policy violations
    • Conduct thorough investigations into suspected fraudulent activity, including reviewing account history, documentation, and transactional data
    • Prepare clear, accurate, and well-documented case notes, reports, and investigative summaries
    • Collaborate with internal teams such as Risk, Compliance, BSA, Operations, and Customer Service to resolve fraud cases efficiently
    • Support audits, regulatory exams, and internal reviews by preparing documentation, data, and process explanations.
    • Communicate findings and recommendations effectively to management and other stakeholders
    • Stay current on emerging fraud trends, typologies, and regulatory requirements
    • Support loss prevention efforts and recommend process improvements to reduce fraud risk
    • Be a subject matter expert and train staff on identified fraud trends
    • Provide fraud awareness presentations to members of the public and vulnerable groups
    • Database tracking and trend analysis
    • Other duties as assigned
    Benefits of Working with Us
     
    Bank of Utah's comprehensive benefits package includes:
    • Great work-life balance, with a Monday-Friday schedule
    • Competitive pay and benefits, including medical, dental and vision plans
    • 401(k) plan and match up to 5 percent in our employee stock ownership program (eligibility requirements must be met)
    • 12 paid bank holidays + paid time off, including paid parental leave
    • Volunteer opportunities to make a difference in the communities where you work and live
    • Awards and recognition to celebrate you and your colleagues for living the bank's values 

    Similar Jobs