Wealthfront is currently hiring a fully remote Fraud Operations Analyst I to be responsible for daily fraud monitoring and investigation functions. Fraud Operations is a division of Wealthfront Brokerage and works closely with Brokerage Operations, Compliance, and all other divisions of Wealthfront Corporation, including the engineering and product teams.

Responsibilities

Fraud Investigations

• Assist in the identification of unusual financial activity indicative of money laundering, financial fraud and/or financial crime.
• Conduct complex investigations aimed at identifying criminal activities and preventing fraud on our platform.
• Perform data-driven analysis to identify vulnerabilities and/or proactively determine potential issues or areas of improvement.
• Perform thorough analyses of account and transaction history to detect and elaborate on established patterns related to fraud and anti-money laundering (AML) typologies.
• Conduct holistic account and transaction monitoring in support of Wealthfront’s BSA/AML and Sanctions programs.
• Coordinate fraud investigations and recoveries with contra firms.
• Present findings of investigations to different stakeholders within the firm.
• Create, implement, and update policies and procedures to further develop Wealthfront’s anti-financial crime and transaction monitoring program.
• Research fraud, identity and user behavior to contribute to rules, models and other detection systems.
• Maintain subject matter expertise and ensure work completed adheres to applicable regulations, policies, and procedures.
• Assist in the identification of process improvements and automation opportunities.

Cross Functional

• Coordinate with Financial Crimes Compliance to ensure fraud and non-fraud-related cases are properly escalated for investigation and SAR filing consideration.
• Partner with Engineering teams to implement automated solutions.
• Work with other product areas to develop new data driven controls for optimizing user experience while detecting and preventing fraud.