Fraud Detection Analyst - Risk Management & Compliance in Columbia, South Carolina at State of South Carolina

The South Carolina Public Employee Benefit Authority (PEBA) is the administrator and co-trustee of retirement and insurance programs for over half a million active and retired public employees of the State of South Carolina and their dependents.

Under general supervision, this position is responsible for monitoring and identifying emerging issues with suspected fraud, to include establishing key risk indicators (KRIs) in work flows to ensure understanding of how processes are operating for both assurance and early warning indicators.

Job duties include:

• Reviewing and investigating customer cases, alerts, and reports for potential and actual loss.
  
  
• Mitigating fraud and organizational risk. Performing early detection of suspicious activity.
  
  
• Researching and analyzing financial database activities and reports to detect and prevent possible fraudulent activities. Identifying gaps, control enhancements and escalates as appropriate.
  
  
• Performing independent, investigative reviews related to fraudulent and suspicious activity involving, but not limited to check fraud, ACH fraud, wire fraud, eBanking, and elder financial abuse.
  
  
• Completing ad-hoc requests for Business Intelligence information products such as queries, data visualizations, reports, and dashboards to be used in performance management and decision support.
  
  
• Planning, developing, and administering BI&A tools and systems for use by the organization. Monitoring systems for performance and stability, and identifies, researches, and resolves technical problems, coordinates vendor support as needed.

A bachelor's degree and at least three (3) years of related experience in banking, financial industry, or retirement administration. An equivalent combination of education and related experience may be substituted for the required degree.

• Strong investigative, analytical, and critical thinking skills.
• Strong interpersonal, communication and client service skills.
• Ability to handle confidential and sensitive information with discretion.

• Fraud knowledge related trends, theories, and practice.
• Certified Fraud Examiner (CFE) credential.

In addition to 13 paid holidays, this position is eligible for comprehensive insurance programs, retirement plans, and a generous paid leave program. Upon successful completion of one-year of service with the agency, employees may be eligible to be considered for a hybrid work schedule with up to 50% remote work.