Fraud Analyst I

About the role

As a Fraud Analyst I, you will help protect the bank by keeping a close watch on current and newly opened customer relationships for signs of financial crime, reputational exposure, and fraud risk. This role focuses on reviewing alerts generated by the bank’s BSA/AML/Fraud and Sanctions monitoring tools, spotting activity that may be suspicious, and supporting compliance efforts tied to BSA, AML, and OFAC requirements.

Key duties

• Examine new customer applications escalated by internal teams to detect possible fraudulent openings.
• Investigate, document, and either resolve or escalate alerts in the bank’s compliance monitoring systems within the required timelines.
• Handle customer relationship reviews in line with CIP, CDD, and Beneficial Ownership rules, and complete enhanced due diligence for selected accounts.
• Analyze reports and transaction activity for indications of suspicious or fraudulent behavior, including large cash activity, returned deposit items, and ACH account verification transactions.
• Support review of new accounts to ensure compliance with customer identification, customer due diligence, and ownership disclosure requirements.
• Serve as a point of contact for fraud-related questions from other internal departments.
• Take on additional responsibilities as needed.

What the bank is looking for

The position calls for at least two years of front-line or operational banking experience, or two years in a fraud-focused role in another industry, such as investigative work in financial crimes. Candidates should be able to explain findings clearly in both spoken and written form, understand basic banking transactions and terms such as ACH transfers and wires, and be comfortable working with Microsoft Office tools.

Working environment

This is a professional office-based role in which most of the day is spent seated and working at a computer. The job also requires moving around the office and buildings to gather or share information. Candidates must be able to carry out the essential functions of the role with or without reasonable accommodation.

About the company

Since 1999, First Internet Bank has positioned itself as an innovator in digital banking, becoming the first state-chartered, FDIC-insured bank to operate entirely online. The organization looks for people who challenge conventional thinking and are excited by change, creativity, and continuous improvement.

Why join

The workplace is centered on collaboration and growth, with guiding values that emphasize teamwork, agility, impact, and putting people first. The company has earned recognition as a Top Workplace multiple times and as one of the Best Banks to Work For. Its headquarters in downtown Fishers includes thoughtfully designed workspaces, an onsite fitness center, and The Backyard, an open-air deck featuring fire pits, covered pergolas, a waterfall, and greenery. Additional highlights include free snacks, soft drinks, beer on tap, unlimited volunteer time off, ongoing education opportunities, and regular team events.

Benefits

• Medical, dental, and vision coverage for full-time employees, with eligibility starting on day one
• 401(k) retirement plan with a generous employer match for full-time and part-time employees, with eligibility starting on day one
• Professional development reimbursement
• At least 3 weeks of paid vacation each year; vacation for new hires is adjusted based on start date
• 11 paid holidays
• Paid volunteer time
• Annual allowance for First Internet Bank-branded merchandise

Equal opportunity statement

The employer states that it is an equal opportunity employer and welcomes women, minorities, veterans, and individuals with disabilities.

Privacy notice

For California residents, there may be rights related to personal information. The company notes that more details about data collection practices and location-specific notices are available in its privacy policy.

Pay transparency notice

The employer includes a notice explaining that applicants and employees will not be discriminated against for discussing or disclosing their own pay or the pay of others, except in legally permitted circumstances. The notice also references applicable federal regulations.