The fraud analyst role will be responsible for reviewing fraud alerts and notifications as well as the gathering and analyzing of underlying data to assess reasonable causeResponsibilities would also include escalating an inquiry related to fraudThe data would be accompanied by full documentation, supporting artifacts to include internal and external due diligence checks as well as a business case justificationThe analyst will work primarily at an individual level, but will collaborate closely with other members of the fraud operations team as well as the financial intelligence unit (fiu); compliance, legal, and risk (clr), care risk personnel as well as key business partners.
Responsibilities include
Ability to analyze large data sets and find the commonalities
Daily review of risk based transaction alerts to determine the validity of request using investigative methods such as client history, open source tools, and document signature/ip address review.
Effectively communicate with lpl advisors office staff via phone and email when needed as part of investigative process
Act as point of contact for advisors office and lead efforts for recovery of lost client funds
Provide impacted advisors with a single point of contact during the fraud resolution process
Strong partnership with fraud detection effectively managing the oversight of workflow queue alert prioritization and effectiveness based on roi
Conducting ongoing analysis to identify root cause of fraud trends
Collaborating with other fraud teams to deliver requirements for implementation of new fraud strategies
Effectively managing competing priorities of requests working under strict deliverable
Ability to identify gaps or risk in policies along with the technical skills to create reporting
Managing existing operational policies and procedures as well as the creation of new guidelines to more accurately identify and document fraud, fraud prevention and the like
Qualifications
Bachelor’s degree
Minimum 3 years of fraud investigation/detection experience preferred
High level of analytical skills, strategic mindset, self-starter, desire to learn quickly and problem solving abilities
Excellent written and oral communication skills with the ability to present information to various levels of management and areas within lpl organization
Ability to work independently
Exceptional ability to manage time efficiently
Strong ability to adapt to ever changing organizational and fraud landscape
