Analyst, Fraud Risk

COMPANY DESCRIPTION:  Forbright is a nationwide full-service bank and lender helping accelerate the transition to a sustainable and low-carbon economy. Headquartered in Chevy Chase, Maryland, Forbright is committed to accelerating the transition to a sustainable economy by financing visionary leader in clean energy, healthcare, technology, financial services, real estate, and other industries with extraordinary service.

COMPANY CULTURE:  We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible environmental, social, and governance (ESG) practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back.  We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.

COMPANY MISSION:  We are a mission-driven institution. We operate a sound dynamic institution that is well capitalized, liquid, profitable and uses best practices to manage risk and assure compliance with laws and regulations. We use Forbright’s capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a more sustainable future.

JOB SUMMARY: The Analyst, Fraud Risk is responsible for identifying and eliminating fraud and credit losses to Forbright Bank and our clients. This role will also collaborate with key operational teams and governance bodies to further enhance the company's risk and security posture. To succeed in this role, the Fraud Risk Analyst will work closely with various internal teams and external partners to ensure our risk management programs provide associate safety and protection of the company's interests and assets.  

• Work in a fast-paced environment reviewing a high volume of risk alerts to identify potentially high risk/suspicious processing activity to protect the firm against financial loss 
• Conduct research and analyze member accounts for possible cases of fraud and ensure the most efficient fraud loss prevention strategies are utilized 
• Perform detailed and timely fraud analysis including identifying and solving emerging fraud patterns 
• Monitor the implementation of Fraud Risk Assessment solutions while maintaining a perspective of business impact and customer experience of fraud rules 
• Perform ongoing due diligence on all high-risk accounts and maintain appropriate documentation and controls 
• Review, assess, and document information system security risks and controls 
• Act as a resource and provide a high level of service to internal clients, providing interpretive advice as to the application of securities regulations to various business scenarios 
• Support the company’s governance through risk analysis, engage in discussions associated with new initiatives and change management, and providing overall support as needed to include documentation and meeting preparations 
• Work with very sensitive information and maintains confidentiality of all sensitive information as it pertains to members and member related research/investigations 
• Comply with all bank policies and procedures and all applicable laws and regulations 
• Apply analytical and technical skills leveraging sophisticated tools/detection systems 

• Bachelor's Degree or equivalent professional/relevant work experience required 
• Minimum of 4+ years’ experience working in fraud prevention, risk management, information security, financial services, internal audit, or other professional work associated with the occupational field required 
• Demonstrate knowledge of or ability to learn and understand the banking/financial services industry regulatory reporting frameworks 
• High proficiency with Microsoft Office products (Word, Excel, Outlook) 
• Excellent interpersonal, oral, and written communication skill 
• Ability to define problems, collect data, establish facts, and draw valid conclusions 
• Must have analytical skills and a proven ability toward conflict resolution 
• Detail oriented, self-starter, and prior demonstration of good judgment 
• Certified Fraud Examiner (CFE) or similar fraud-related certification preferred 

The pay range for this position is below. The specific rate will depend on the successful candidate’s qualifications and prior experience. $71,000 (entry level qualifications) to $90,000 (highly experienced).

POSITION REQUIREMENTS: The requirements described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. Work is conducted primarily in an office; however, some positions may be conducted remotely via technology. While performing duties of this job, the employee may be regularly required for prolonged periods of time to:

• Sit or stand at a desk

• Walk, stoop down, crouch, kneel or bend over

• Use hands and fingers

• Utilize a computer monitor with visual acuity

• Operate technology and other office machinery such as printers, fax machines, scanners, etc.

• Communicate clearly both verbally and in writing with others

ADDITIONAL DUTIES: For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description.

PERKS/BENEFITS:

• Comprehensive health, dental, and vision plans

• 4 weeks PTO

• 401k + company match

• Metro SmartTrip benefits ($50/mo)

• Remote or hybrid work schedules for most positions

• Bonuses for purchasing solar panels, electric vehicles, biking to work, etc.

• Paid subscriptions to Veterans Compost, Imperfect Foods, and more!

• Best Workplaces for Commuters 2023 & 2024 winner

• The Washington Post Top Workplaces 2023 & 2024 winner

• American Banker Best Banks to Work For 2023 winner

It is the policy of Forbright Bank to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics.