Fraud Risk Analyst

Rockland Trust is currently seeking a Fraud Risk Analyst.

The Fraud Risk Analyst is a member of the second line of defense Operational Risk Management team within Enterprise Risk Management.

The role supports the continuous maturation of several key Operational Risk programs with a focus on Fraud Risk Management, reporting directly to the Fraud Risk Management Officer.

The successful candidate will be able to identify concerns, produce risk assessments, and serve as a risk advisor and partner in a maturing risk culture.

This position works closely with various business units, including Fraud Prevention, Information Technology, Operations, and as applicable, second line risk management teams. We offer options to work at our Norwood office in a hybrid model.

Primary Duties and Responsibilities


* Work independently and collaborate with business partners, including first line Fraud Prevention, to enhance all Fraud centric programs and procedures.

Ensure adherence to applicable regulations and suggest modifications based upon updates to regulatory guidance.


* Assist with annual risk assessment efforts, under the guidance of the Fraud Risk Management Officer and Assistant Operational Risk Officer, for the Fraud Risk Management, Physical Security, and Red Flag Identity Theft programs. 


* Work with the Fraud Risk Management Officer to document and test relevant controls across the organization.


* Partner with Third Party Risk Management to determine third-party vendors that validate customer identity on the Bank’s behalf; execute continuous monitoring requirements as applicable.


* Lead coordination and tracking efforts for all fraud incidents in accordance with the Incident Management Standard, including reporting and providing updates as necessary.


* Provide analysis and reporting on key risk assessments, initiatives and trends to inform internal and external stakeholders on the status of the Bank’s Fraud, Physical Security and Red Flag Identify Theft risk posture.


* Track remediation and resolution status of Issues, partnering across various business units to promote a risk focused culture.


* Assist with reporting across Operational Risk programs, to ensure consistency.

Qualifications:


* Minimum of Bachelor’s degree, or compensating on-the-job experience.


* Minimum of three or more years of experience in financial services risk management with involvement in at least one related program (Operational Risk, Fraud Prevention, Internal Audit, Risk & Control Self-Assessment (RCSA), Third Party Risk, or other related risk & control function).


* Experience creating process maps and identifying risk and control points.


* Prior experience with a GRC system, such as Archer, is preferred.


* Working knowledge of the financial industry, fraud risk management, and associated regulatory requirements and expectations is preferred.


* Advanced working experience with tools such as Microso...