CIT Group Inc.

Fraud Analyst

Location US-FL-Jacksonville
Job ID
# Positions
Job Family



Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information, visit


Review daily alerts in fraud detection systems and recommend appropriate follow-up (ie. place holds, create a fraud case, complete Questionable Activity Report, terminate banking relationship or continue monitoring); Review and work daily alerts inlcuding, but not limited to, Kiting Report, Returned Deposit Items, ACH transactions, Anamolous wire activity; Analyze forgery claims and utilize the Uniform Commercial Code to provide a pay/no pay decision; Document findings and recommendations in a concise, understandable manner; Interact with Bank Operations Dept and retail banking center employees in identifying fraud detection/trending issues; make recommendations to management on improvements of policies and procedures; respond to incoming phone calls; refer cases to the Financial Crimes Investigations Team; handle a high volume of customer inquiries via inbound and outbound phone calls, as well as email and other methods of communication; manage a significant caseload while multitasking between job functions and various reports; maintain daily and weekly metrics of all cases worked, calls received, etc.; cross train on different Fraud Prevention duties as appropriate


Strong understanding of fraud prevention, banking operations and money transfer processes; 3+ years fraud or loss prevention experience in a retail banking environment; understanding of regulations related to deposit products and those impacting fraud detection/investigation including Suspicious Acitivty Reports, USA PATRIOT Act, OFAC, Reg CC, FCRA, FACTA; strong organizational skills, ability to research and make appropriate decisions regarding fraud cases; ability to work effectively in a team environment; ability to maintain professionalism in stressful and potentially confrontational situations; ability to work in fast paced environment and meet required deadlines; experience with User Acceptance Testing a plus; Bachelor's Degree preferred and Business/Management area of study ot equivalent work experience; CFE credentials a plus;


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