Bank Loss Prevention Associate at Bridgewater

Job Description

GE is an equal opportunity employer, offering a great work environment, challenging career opportunities, professional training and competitive compensation.

Incumbent works with Loss Prevention Manager to identify, document and report on issues related to three major areas; Fraud, AML/ BSA compliance, and General Compliance and Legal Processing.

Essential Responsibilities

Responsible for crucial tasks of preventing fraud losses, performing daily reviews of reports pertaining to loss prevention such as ATM withdrawals and ACH transfers, significant balance changes and large transactions

Review results from various systems and processes (i.e. authentication system, NSF and deposit return exception processing) using bank established guidelines and decisioning and documenting the results

Responsible for Fraud File creation including obtaining documentation, organizing files, tracking payments and communicating results to management and audit

Input Suspect and Loss information into the ICMS system and run reports as required

Interface regularly with Bank management, Audit, Security, other institutions, customers as required during the course of account reviews

Perform ongoing reviews with an awareness of AML and Red Flags. Review and document results for presentation to Compliance committee and refer any suspects for SAR creation and SAR committee.

Perform functions related to operational compliance and legal processes such as Regs D and E, PEP screen, OFAC, FINCEN and Levy and Decedent processing

Job Requirements

3+ years experience in risk analytics and/or fraud

1+ year of experience with bank processing systems (Fidelity, E-Funds, ICMS and others) and bank products & services

1+ year of experience with related regulations including Reg CC and UCC, Patriot Act and NACHA

Work with MS Office including Outlook, Word, PowerPoint and Excel

YOU MUST BE ABLE TO SATISFY THE REQUIREMENTS OF SECTION 19 OF THE FEDERAL DEPOSIT INSURANCE ACT

Eligibility Requirements :

All applications for employment must be submitted through either www.gecareers.com or the Career Opportunity System (COS) to be considered

You must be 18 years or older

You must have a high school diploma or equivalent

You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the selection process

If currently a GE employee, you must have been in your current position for at least 6 months (AP) or 24 months (PB or greater), have at least a consistently meets expectations performance rating and have the approval of your manager to post (or the approval of your manager and HR to apply if you dont meet the time-in-job or performance requirement)

Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening.

Additional Eligibility Qualifications

GE will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a background investigation and drug screen.

Desired Characteristics

Associates or Bachelors degree in business or related field

Experience using data mining tools (SAS, SPSS, SQL, etc..)

Detail-oriented; able to review & understand account, and file documentation, correspondence, etc

Demonstrated knowledge of fraud sources, collection and resolution clues known to identify fraud situations

Ability to perform operational as well as organizational tasks related to Loss Prevention, and Compliance/Legal related tasks

Previous related work experience in a bank or other financial services company

Basic knowledge of accounting Section 19 Job YOU MUST BE ABLE TO SATISFY THE REQUIREMENTS OF SECTION 19 OF THE FEDERAL DEPOSIT INSURANCE ACT.
Country: USA, State: New Jersey, City: Bridgewater, Company: GE Capital.