About Company
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. We are dedicated to making financial lives better through the power of every connection. Our commitment to our customers and communities is unwavering, and we continuously strive to innovate and protect their financial well-being. Joining our team means becoming part of an organization that values integrity, diversity, and professional growth, empowering you to make a significant impact every day.
Job Description
Bank of America is seeking a vigilant and dedicated Fraud Analyst to join our dynamic team in Downtown Oxnard. This is an exceptional opportunity for an individual with a keen eye for detail and a passion for financial security, offering an immediate start to contribute significantly to our mission of protecting our customers and the bank from financial crime. As a Fraud Analyst, you will be at the forefront of identifying, investigating, and mitigating fraudulent activities across various banking channels. You will analyze complex financial transactions, customer behaviors, and data patterns to detect suspicious activities and potential fraud schemes. This role demands critical thinking, excellent analytical skills, and the ability to act swiftly and decisively in a fast-paced environment. We are looking for someone who is not only proficient in fraud detection techniques but also committed to upholding the highest standards of ethics and compliance. You will play a crucial role in safeguarding our assets, maintaining customer trust, and ensuring the integrity of our financial systems. If you’re ready to jump into a challenging yet rewarding career where your contributions directly impact the security of millions, we encourage you to apply.
Key Responsibilities
- Conduct thorough investigations of suspicious transactions and potential fraud alerts using various internal and external tools and resources.
- Analyze customer accounts and transaction histories to identify fraudulent patterns and anomalies.
- Communicate effectively with customers, internal teams, and law enforcement agencies as required during investigations.
- Document findings accurately and comprehensively, preparing detailed reports for review and resolution.
- Stay updated on emerging fraud trends, techniques, and regulatory requirements to proactively enhance detection and prevention strategies.
- Collaborate with cross-functional teams, including risk management, compliance, and product development, to improve fraud prevention measures.
- Process and review alerts generated by fraud detection systems, making informed decisions on case disposition.
Required Skills
- Minimum of 2 years of experience in fraud detection, financial crimes, or a related analytical role.
- Strong analytical and problem-solving skills with the ability to interpret complex data sets.
- Excellent written and verbal communication skills, capable of conveying complex information clearly.
- Proficiency in using analytical tools and software, including Microsoft Excel.
- Demonstrated ability to work independently and as part of a team in a fast-paced environment.
- High level of integrity and ability to handle confidential information with discretion.
- Solid understanding of banking products, services, and transaction types.
Preferred Qualifications
- Bachelor's degree in Finance, Criminal Justice, Business Administration, or a related field.
- Experience with fraud detection systems (e.g., Actimize, Verafin, SAS Fraud Management).
- Knowledge of relevant financial regulations (e.g., AML, KYC, SAR reporting).
Perks & Benefits
- Comprehensive health, dental, and vision insurance plans.
- 401(k) retirement plan with company match.
- Generous paid time off (PTO) and paid holidays.
- Opportunities for career development, training, and internal mobility.
- Employee assistance programs and wellness initiatives.
- Tuition reimbursement programs.
- Employee discounts on various financial products and services.
How to Apply
Ready to make an immediate impact? If you meet the qualifications and are eager to join a leading financial institution, please click on the application link below. We encourage you to submit a detailed resume outlining your experience and qualifications.