Salary Range: $100,000- $130,000
The Loss Prevention Team Lead assists in the overall administration and management of Loss Prevention monitoring and loss mitigation. The Team Lead oversees a team of Analysts in their daily responsibilities and provides guidance and direction to the Apple Bank’s branch network on loss alerts for customer contact/confirmation and resolution.
- Collaborates with the Head of Fraud Prevention and Investigations to implement new/revised Operational Policies and Procedures that prevent potential losses to limit exposure and liability.
- Support the development and implementation of Operations risk procedures for branches and other areas, if applicable, by regularly communicating with intra-divisional departments.
- Research Verafin and Card alerts related ton account activity and work with branch personnel, FCC and business partners to validate suspicious activity and prevent losses.
- Conducts Quality Assurance on Analyst’s work and escalates as needed.
- Manage Analyst performance, development, projects and training.
- Review Card fraud and Verafin related reports and assist in the analytic processes utilized and/or developed by the department to address areas of financial exposure (check kiting, new accounts, dormant accounts).
- Implement new or revised operational procedures that prevent losses and limit exposure and liability.
- Detect fraud trends and recommend preventive measures to management.
- Develop, recommend and document adjustments to workflow to streamline processes.
- Prepare monthly detailed analysis of all investigations and losses incurred.
- Participates in or supports additional projects related to fraud prevention.
- Participate in employee fraud training awareness training.
- Participate in the installation and testing of the Verafin fraud monitoring solution.
- Work closely with the Bank’s AFC Investigations Department with related pending investigations.
- Prepare monthly detailed analysis of losses and fraud patterns.
- Remain up to date with all regulations, policies and procedures, and ensures full branch compliance.
- Perform additional duties as required.
- 5-8 years of retail banking experience with a focus on fraud management and loss mitigation.
- 3-5 years of retail banking experience with a focus on fraud mitigation.
- Experience with implementation and testing of fraud monitoring solutions helpful.
- Bachelor’s Degree or comparable work experience.
- Knowledge of the Uniform Commercial Code (UCC), Reg E, Reg CC, and other rules and regulations.
- ADDITIONAL SKILLS
- Strong interpersonal, motivational, organizational and leadership skills.
- Demonstrates sound decision-making ability and follow-up skills
- Strong analytical, research, and attention to detail skills.
- Excellent verbal and written communication skills.
- Excellent inter-personal and partnering skills to facilitate effective working relationships
- Exceptional documentation and process management skills
- Strong technical and PC skills.
- Strong knowledge of the Bank’s operating Core System and related systems.
- Able to adjust to a rapidly changing environment
- Able to work independently or as part of team
- Able to manage multiple tasks or projects
- Advanced knowledge of Microsoft Office suite of products.