Debit Card Fraud Lead
Middletown, Connecticut, United States of America
Full Time
5 days ago
Key skills
AnalyticsCommunication
About this role
At Liberty, we strive to maximize our impact and exceed goals by investing in our teammates to deepen our relationships in the workplace and communities we serve. We take pride in promoting a socially responsible and sustainable future through initiatives and investment.
SUMMARY OF THE JOB:
Reporting to the Bank Security Officer and the Debit Card Fraud Manager, the Debit Card Fraud Lead would collaborate with the Banks Debit Card vendor(s) with fraud trends and continuously working to understand and mitigate losses to ensure the highest level of loss avoidance and reduction while balancing the customer experience. Fraud in the financial services industry continues to increase with more in-depth and complex fraud schemes. To address this ever-increasing risk, it requires forward thinking and strategic assessment on how to predict the next possible fraud scheme and prevent/limit fraud losses. The Debit Card Fraud Lead is responsible for the implementation of effective fraud solutions across the digital banking, branch, phone, debit card, and ATM channels. This role will work closely with Corporate Security/Fraud Intelligence Unit, Deposit Operations, Online Banking, Retail, external vendors, consumers and business owners, to ensure our fraud solutions are performing as expected, prioritizing any necessary remediation activities. The Debit Card Fraud Lead will supervise the implementation of fraud solutions intended to reduce fraud, improve overall operating efficiency and resolution of cases in a timely manner.
The Debit Card Fraud Lead will conduct regular case, TAB rule reviews and reporting. Prepare monthly and yearly reporting to create and deliver reporting appropriate for managing Debit Card fraud and analytics necessary to develop tools and strategies to prevent and reduce fraud trends.
ESSENTIAL FUNCTIONS:
• Supervises and Monitors daily Fiserv report CM31 Cardholder Suspicious Activity Report for fraud trends and alerts branches of transactions and/or debit card cards that need customer reach out for review of possible fraudulent activity. Routinely handles escalated calls to customers, involved merchants and law enforcement, as needed.
• Prepares and maintains TranBlocker Rules and schedules monthly fraud performance reviews with Fiserv’s Fraud Team.
• Manages and supervises the review Enfact cases in Case Tracker daily by evaluating denial codes used and reviewing how each transaction was processed to recommend fraud mitigation rule enhancements to Fiserv’s Fraud Team.
• Weekly case reviews with Corporate Security, Fraud Intelligence Unit and Bank Secrecy Act Teams, able to submit recommendations for account closure, when a customer is putting the bank at risk.
• Creates and provides Training and support to Retail, Frontline and Customer Service Center team members on Debit Card products and troubleshoots customer related card inquires.
• Prepares monthly Centrix DTS reporting for submission to Operational Risk Committee.
• Prepares periodic and adhoc debit card fraud analysis to be presented to Risk and Governance Committees.
SECONDARY FUNCTIONS:
• Supervise case analysis and investigations with Corporate Security on all Debit Card & ATM fraud, completes investigations on all merchant breaches and skimming devices.
• Assist Corporate Security with other regulatory requirements, and branch inspections knowledgeable on vid-center in the event of an emergency.
• Research and respond to Pathfinder Complaints
• Mastercard liaison for mobile token risk reviews, manages all red alert enrollments, revoke debit card access when fraudulent activity is detected.
MINIMUM KNOWLEDGE/SKILLS:
• Strong knowledge of banking operations, fraud investigations, and Regulation E
• Detailed oriented and analytical skills are required. Ability to analyze and solve problems quickly.
• Strong accounting knowledge (general ledger, accounts reconciliation, accounting entries)
• Ability to perform highly detailed work on multiple, concurrent tasks, while navigating multiple applications and external resources
• Ability to work under strict deadlines
• Ability to work independently while supporting a team environment and availability to be on-call to handle events/cases after regular business hours and weekends with FSM.
• Coordinate and schedule 24/7 coverage to respond to fraud events/cases with the Debit Card Fraud Analyst
• Strong Advanced computer skills in Excel, Word and Outlook
• Good Advanced written and oral communication skills
• Strong communication skills for use across the enterprise, with customers, third parties such as vendors & merchants, and with law enforcement
• Associates degree or equivalent required. Education requirement may be replaced with at least 3 years of relevant work experience, which must include general ledger and banking operations knowledge.
PHYSICAL REQUIREMENTS:
• General Office Equipment
• Keyboard Dexterity
• Lifting/carrying up to 25 lbs.
• Use of general office equipment
• Ability to travel
COMPLIANCE:
Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The Bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin, or veteran status.
Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
SUMMARY OF THE JOB:
Reporting to the Bank Security Officer and the Debit Card Fraud Manager, the Debit Card Fraud Lead would collaborate with the Banks Debit Card vendor(s) with fraud trends and continuously working to understand and mitigate losses to ensure the highest level of loss avoidance and reduction while balancing the customer experience. Fraud in the financial services industry continues to increase with more in-depth and complex fraud schemes. To address this ever-increasing risk, it requires forward thinking and strategic assessment on how to predict the next possible fraud scheme and prevent/limit fraud losses. The Debit Card Fraud Lead is responsible for the implementation of effective fraud solutions across the digital banking, branch, phone, debit card, and ATM channels. This role will work closely with Corporate Security/Fraud Intelligence Unit, Deposit Operations, Online Banking, Retail, external vendors, consumers and business owners, to ensure our fraud solutions are performing as expected, prioritizing any necessary remediation activities. The Debit Card Fraud Lead will supervise the implementation of fraud solutions intended to reduce fraud, improve overall operating efficiency and resolution of cases in a timely manner.
The Debit Card Fraud Lead will conduct regular case, TAB rule reviews and reporting. Prepare monthly and yearly reporting to create and deliver reporting appropriate for managing Debit Card fraud and analytics necessary to develop tools and strategies to prevent and reduce fraud trends.
ESSENTIAL FUNCTIONS:
• Supervises and Monitors daily Fiserv report CM31 Cardholder Suspicious Activity Report for fraud trends and alerts branches of transactions and/or debit card cards that need customer reach out for review of possible fraudulent activity. Routinely handles escalated calls to customers, involved merchants and law enforcement, as needed.
• Prepares and maintains TranBlocker Rules and schedules monthly fraud performance reviews with Fiserv’s Fraud Team.
• Manages and supervises the review Enfact cases in Case Tracker daily by evaluating denial codes used and reviewing how each transaction was processed to recommend fraud mitigation rule enhancements to Fiserv’s Fraud Team.
• Weekly case reviews with Corporate Security, Fraud Intelligence Unit and Bank Secrecy Act Teams, able to submit recommendations for account closure, when a customer is putting the bank at risk.
• Creates and provides Training and support to Retail, Frontline and Customer Service Center team members on Debit Card products and troubleshoots customer related card inquires.
• Prepares monthly Centrix DTS reporting for submission to Operational Risk Committee.
• Prepares periodic and adhoc debit card fraud analysis to be presented to Risk and Governance Committees.
SECONDARY FUNCTIONS:
• Supervise case analysis and investigations with Corporate Security on all Debit Card & ATM fraud, completes investigations on all merchant breaches and skimming devices.
• Assist Corporate Security with other regulatory requirements, and branch inspections knowledgeable on vid-center in the event of an emergency.
• Research and respond to Pathfinder Complaints
• Mastercard liaison for mobile token risk reviews, manages all red alert enrollments, revoke debit card access when fraudulent activity is detected.
MINIMUM KNOWLEDGE/SKILLS:
• Strong knowledge of banking operations, fraud investigations, and Regulation E
• Detailed oriented and analytical skills are required. Ability to analyze and solve problems quickly.
• Strong accounting knowledge (general ledger, accounts reconciliation, accounting entries)
• Ability to perform highly detailed work on multiple, concurrent tasks, while navigating multiple applications and external resources
• Ability to work under strict deadlines
• Ability to work independently while supporting a team environment and availability to be on-call to handle events/cases after regular business hours and weekends with FSM.
• Coordinate and schedule 24/7 coverage to respond to fraud events/cases with the Debit Card Fraud Analyst
• Strong Advanced computer skills in Excel, Word and Outlook
• Good Advanced written and oral communication skills
• Strong communication skills for use across the enterprise, with customers, third parties such as vendors & merchants, and with law enforcement
• Associates degree or equivalent required. Education requirement may be replaced with at least 3 years of relevant work experience, which must include general ledger and banking operations knowledge.
PHYSICAL REQUIREMENTS:
• General Office Equipment
• Keyboard Dexterity
• Lifting/carrying up to 25 lbs.
• Use of general office equipment
• Ability to travel
COMPLIANCE:
Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The Bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin, or veteran status.
Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.