Principal Compliance Specialist - Deposit Fraud
Welcome to Discover Financial Services, where we strive to provide exceptional financial solutions and services to our customers. We are currently seeking a highly skilled and experienced individual to join our team as a Principal Compliance Specialist for Deposit Fraud. As a leading financial institution, it is crucial for us to maintain compliance with all regulations and laws related to deposit fraud. In this role, you will be responsible for developing and implementing strategies to prevent and detect fraudulent activities related to deposits. We are looking for a driven and detail-oriented individual with a strong understanding of compliance regulations and experience in fraud prevention. If you are passionate about protecting our customers and ensuring the integrity of our financial services, we encourage you to apply for this exciting opportunity.
- Develop and implement strategies to prevent and detect fraudulent activities related to deposits.
- Stay up-to-date on all regulations and laws related to deposit fraud and ensure compliance within the organization.
- Conduct thorough investigations into suspected fraudulent activities and report findings to management.
- Collaborate with cross-functional teams to identify potential risks and implement measures to mitigate them.
- Train and educate employees on fraud prevention best practices and procedures.
- Monitor and analyze data to identify patterns and trends in fraudulent activities.
- Serve as a subject matter expert on deposit fraud and provide guidance to team members and other departments as needed.
- Develop and maintain relationships with law enforcement and other external partners to aid in fraud prevention efforts.
- Prepare and present reports to senior management on the status of deposit fraud prevention and detection efforts.
- Continuously evaluate and improve existing fraud prevention processes and procedures.
- Maintain accurate records and documentation related to deposit fraud investigations and prevention efforts.
- Ensure all customer information is handled in a confidential and secure manner.
- Represent the organization in external meetings and events related to deposit fraud prevention and detection.
- Adhere to all company policies and procedures as well as industry best practices.
Extensive Knowledge Of Banking Regulations: The Principal Compliance Specialist - Deposit Fraud Must Possess A Thorough Understanding Of Banking Regulations, Including But Not Limited To The Bank Secrecy Act, Usa Patriot Act, And The Dodd-Frank Act.
Experience With Deposit Fraud Investigations: Candidates For This Role Should Have A Minimum Of 5 Years Of Experience Conducting Deposit Fraud Investigations, With A Track Record Of Success In Identifying And Preventing Fraudulent Activity.
Excellent Analytical Skills: The Ideal Candidate Will Possess Strong Critical Thinking And Problem-Solving Abilities, Along With A Keen Eye For Detail. They Should Be Able To Analyze Large Amounts Of Data To Identify Trends And Patterns Related To Deposit Fraud.
Effective Communication And Collaboration Skills: The Principal Compliance Specialist Will Be Working With Various Teams And Departments Within The Organization, As Well As External Partners And Regulatory Agencies. Therefore, Strong Communication And Collaboration Skills Are Essential For Success In This Role.
Compliance Certifications: A Bachelor's Degree In A Relevant Field, Along With Professional Certifications Such As Certified Fraud Examiner (Cfe) Or Certified Regulatory Compliance Manager (Crcm) Are Preferred For This Position. These Certifications Demonstrate A Commitment To Staying Current With Industry Best Practices And Regulations.
Data Analysis
Communication
Policy Implementation
Team Leadership
Risk assessment
Audit management
Regulatory compliance
Fraud prevention
Problem-Solving
Training Development
Fraud detection
Investigative Techniques
Communication
Conflict Resolution
Decision Making
Leadership
Time management
Interpersonal Skills
creativity
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Principal Compliance Specialist - Deposit Fraud in Riverwoods, IL 60015, USA is $110,000-$130,000 per year. This salary range may vary depending on factors such as level of experience, education, and specific job responsibilities.
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Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.
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