Fraud Investigator I (Fraud Detection)

Why USAA?

The Opportunity

The Opportunity

Conducts internal or external fraud investigations and files regulatory reports according to legal requirements while ensuring adherence to all applicable deadlines. Completes interviews with internal and external parties. Performs mitigation and remediation activities while utilizing multiple applications and platforms in support of fraud operation activities to alleviate any potential negative impact to members and/or the organization.

We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position can be based in one of the following locations: Phoenix, AZ, San Antonio or Plano, TX or Tampa, FL.

Relocation assistance is not available for this position.

What you'll do:

• Manages and conducts fraud investigations with a higher level of complexity of suspected or known criminal activity involving multiple bank or investment products, payment types, and fraud categories.
• Reviews monetary and non-monetary fraud transaction to detect fraudulent patterns and trends in support of the investigative process.
• Performs thorough analysis of evidence; assesses veracity of information compiled, to include documentary materials and results of interviews, to develop investigative conclusions.
• Utilizes advanced knowledge of the Bank Secrecy Act, USA Patriot Act, applicable laws and regulations, company policies, and best practices in the investigative field to organize investigative results.
• Prepares cases for criminal prosecution and presents evidence to appropriate law enforcement agencies for prosecution.
• Provides testimony to the grand jury and trial courts and file regulatory reports as necessary.
• Participates, in task groups and committees for the purpose of reviewing and improving policies, procedures, and processes or providing subject matter expertise.
• Utilizes deep product and system knowledge within USAA’s Bank to conduct investigations.
• Identifies and resolves issues; identifies appropriate issues for escalation such as fraudulent trends, vulnerabilities causing increased fraudulent activity and/or larger than normal losses.
• Serves as a liaison with law enforcement agencies and other institutions to ensure USAA is informed of all relevant potential risks.
• Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

What you have:

• Bachelor’s Degree; OR 4 years of related financial services or federal, state, local, or military law enforcement investigations experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
• 4 years of experience in financial services or financial crimes experience to include 2 years of federal/local/state/military law enforcement investigations.
• Advanced knowledge of the Bank Secrecy Act, USA Patriot Act, and other applicable laws and regulations.
• Advanced knowledge of Microsoft Office.
• Strong oral and written communication skills.
• Demonstrated experience analyzing and interpreting data to identify trends and patterns.

What sets you apart:

• 3+ years of fraud/compliance experience.
• Knowledge of fraud scams/typologies.
• Prior financial crimes (fraud) investigation experience in a financial institution or government position.
• Demonstrate effective writing through clear, concise, and persuasive narrative creation that documents complex fraud investigations.
• Experience reviewing, analyzing, and making recommendations on investigations, while identifying enhancements to ensure cases meet or exceed closure and quality metrics.
• US military experience through military service or a military spouse/domestic partner.

The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.

What we offer:

Compensation: USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market data of the position. The actual salary for this role may vary by location. The salary range for this position is: $67,220 - $128,480.

Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors.

Benefits: At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.

Relocation assistance is not available for this position.

Applications for this position are accepted on an ongoing basis, this posting will remain open until the position is filled. Thus, interested candidates are encouraged to apply the same day they view this posting.

USAA is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.