Senior Cyber Fraud and AML Compliance Analyst

Position overview

The Senior Cyber Fraud and AML Compliance Analyst role is a compliance position centered on supporting PFS fraud & anti money laundering (AML) risk mitigation and related tasks with a special focus on mitigating digital fraud risks. The position will focus on conducting investigations and performing complex and in-depth analysis pertaining to potential fraud, identified fraud, and money laundering activities, which may compromise or threaten the business interests of Porsche Financial Services. In addition, the position will be responsible for performing periodic fraud and AML related portfolio checks . The role will also assist in developing an enterprise-wide strategy for investigative procedures, risk mitigation, and operational effectiveness, as well as providing overall support for the PFS Compliance Management System.

Roles & responsibilities

Fraud Prevention and AML Compliance responsibilities

• Assist in the management and review of fraud alerts on credit applications within a tracking portal, including research and timely response for funding decision.
• Oversee the development and maintenance of processes to identify and mitigate risks of cyber fraud including but not limited to that posed by external instances of Generative AI or synthetic ID fraud.
• Conduct routine account and transaction reviews to investigate suspicious payment activity.
• Function as point of contact between business colleagues and liaise with local, state, and federal authorities in order to facilitate vehicle recovery.
• Provide support in the execution of PFS’ holistic fraud strategy (surveillance, monitoring and detection of potential threats).
• Assist with the identification and implementation of tools to assist the business with cyber fraud mitigation efforts.
• Document and produce detailed narratives summarizing investigative results for ID theft complaints, suspicious activity referrals, and other alerts.
• Perform research to determine the necessity for Suspicious Activity Report (SAR) filing, and oversee production of the SAR documentation.
• Complete detailed narratives of investigation findings in the form of a SAR or No SAR Memo to file, as appropriate. Ensure compliance with approved policies and procedures related to AML including case documentation.
• Conduct informational and/or investigative reviews to obtain information to confirm facts and support investigative findings.
• Assist with compiling data and evidence required to support investigative findings and summary presentations for reporting to the Senior Leadership Team, PFSD, PFS BoD, and/or PAG.
• Utilize tools and resources to develop and maintain fraud dashboards and databases for regular reporting and analysis. In addition, track and identify KPIs, process improvements, and preventative measures based on trends noted and provide recommendations to management.
• Provide management with periodic Fraud and AML reporting on a scheduled or ad-hoc basis as required or necessary.
• Provide support for PFS AML and Fraud Prevention strategy including drafting and reviewing Directives and regulation documents.
• Assist in the development, maintenance, and administration of AML and Fraud Awareness training for Credit Services and Customer Service and Remarketing representatives to support employee awareness and adherence with all applicable laws and regulations.
• Maintain subject matter expertise in the areas of cyber and digital fraud as well as industry trends, risks, and developing/emerging technology relating to cyber/digital fraud risk.
• Maintain a comprehensive knowledge and understanding of financial industry regulations, and laws, including, but not limited to Anti-Money Laundering (AML), Fair Debt Collections Practices Act (FDCPA), Graham Leach Bliley Act (GLBA), Fair Credit Reporting Act (FCRA), Equal Credit Opportunity Act (ECOA), & Consumer Financial Protection Bureau (CFPB) Supervision.Collaborate with business stakeholders, Senior Leadership Team, and PFS Legal to identify potential regulatory risks evidenced through fraud related trends.
• Support management with regular Quarterly Compliance Committee meeting documentation.
• Perform other related work as assigned.

Qualifications

Education:

• Bachelors’ Degree in Business Management, Finance, Information Security, Criminal Justice and experience in the financial services industry.

Experience:

• Certified Fraud Examiner (CFE) certification required.
• Minimum 6 years business experience with at least 2 years experience in the evaluation and mitigation of cyber or digital fraud.
• Previous auto finance experience preferred.
• Knowledge of consumer collection procedures, credit application process, skip tracing, and recovery regulations.
• Knowledge of AML regulations, FDCPA and related state and federal statutory regulations essential.
  

Skills:

• Demonstrated research, deductive, problem solving and analytical skills.
• Ability to integrate information from a variety of sources with varied levels of complexity
• Excellent verbal and written communication skills, ability to seek out improvement ideas.
• Understanding of automotive financing principles, strategies, systems, and processes.
• Demonstrated ability to collaborate with multiple groups on multiple levels, including senior management.
• Commitment to excellence –quality driven

Percentage of required travel: Travel not anticipated.

Schedule/Shift: Employee work schedules are determined by business need, managed accordingly and communicated to staff.

Physical requirements

• Must be able to lift 15 pounds at times.
• While performing the duties of this job the employee is required to talk, hear, walk, sit, stand for long period of time during events, climb stairs on occasion with prolonged periods of sitting at a desk and working on a computer.
• Must be able to effectively work and complete tasks in an open office/noisy environment.

Direct reports

• N/A

The salary range for this role is $88,000-$95,000. However, it is important to note that at Porsche, compensation range is dependent on geographic location. Individual salaries within each range are determined through a wide variety of factors including but not limited to education, experience, knowledge and skillset. Porsche reviews compensation regularly and may adjust base salaries to reflect market competitiveness.

In addition to salary, individuals may be eligible for a discretionary performance bonus. Our full suite of benefits includes:

• Paid Vacation
• Paid Holidays
• Paid Sick leave
• 401(k) match
• Medical, dental and vision coverage
• Tuition and certification reimbursement
• Life Insurance
• Short and Long Term Disability Coverage
• Subsidized gym membership program
• Subsidized Porsche and VW leasing programs

Porsche is an equal opportunity employer and we take pride in our diversity. In order to provide equal employment and advancement opportunities to all individuals, employment decisions at Porsche will be based on merit, qualifications and abilities. Porsche does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, pregnancy, status as a parent, national origin, age, disability, family medical history, ancestry, medical condition, genetic information, sexual orientation, gender, gender identity, gender expression, marital status, familial status, registered domestic partner status, family and medical leave status, military status, criminal conviction history, or any other characteristic protected by federal, state or local law.

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