Fraud Examiners, Investigators and Analysts

The unit clears millions of cases of money laundering on a yearly basis. Some small, say $10k, but some large (in the millions). It's a large regulatory burden. Your job is to resolve these cases as quickly and efficiently as possible.

Every day at the department is different. Fraud investigation is very broad, and activities vary based on the project, the industry etc. You can expect a lot of “field work” at the client’s office, plant etc. Some projects are very short, others last months. This type of work is quite unpredictab...

Based on my interview I would say you have to show interest in fraud investigation. Know what you’re talking about. Read about fraud investigation before your interview. EY FIDS run blogs on forensics, they publish global fraud surveys. Go through their publications. Be prepared to give examples ...

To help yourself at obtaining full time employment with Bank of America/Merrill Lynch is to work hard and perform well. Remember that good quality work is better than quantitative work. The quantity part will come with your good quality work.

To help yourself at obtaining full time employment with Bank of America/Merrill Lynch is to work hard and perform well. Remember that good quality work is better than quantitative work. The quantity part will come with your good quality work.

Your role in Bank of America/Merrill Lynch is fortunately a very important role. You help to save the bank money by keeping its customer’s business. More importantly, you help the customers to feel at ease with the bank handling their money. Finally, every claim that you complete helps the bank t...

The skills you should have as a fraud analyst are the ability to work under Little to no supervision, organizational skills, research skills, basic computer skills, and customer service skills as well.

I like numbers and finding patterns so looking through the HARs and explaining patterns was very interesting for me. They had us work a lot with the other interns with lots of teams and it really helped me to learn to work with others better. Since JP Morgan is such a big bank they had very large...

KYC stands for know your customer. The bank had to submit a file for each client to the government in regards to the ethics of each client and to make sure nothing illegal is going on. So what we did was look through historical activity reports (HARs) and read some information from someone close ...

You’re given a client for me it was a company. We called them Ultimate Parents because they owned multiple company’s underneath them which are called subsidiaries. Your job is to keep the clients profile up to date to determine the risk level either it be high or low. KYC is crucial because we ne...

You need to firstly be an excellent and experienced writer. The primary means of conducting AML investigations and summary dispositions is by written reports. These follow a very specific style and require close attention to detail, but not for irrelevant details. Effective writing requires brevi...

You need to highlight your writing ability and communication skills. You should have something published to display. I’ve written several law review articles that have gotten me jobs in the AML space, specifically one of the regulation of Islamic financial services. In my experience, there’s very...

The job is mostly analytically based. Looking through transactions, trying to see a pattern of behavior and if anything deviates from whatever you expect to be normal to that customer take action to protect the customer and the banks interests. It involves a deep level of customer service and att...

A day in the life consists of lots of multitasking. I use about 9 systems on every phone call that I handle. Each account has a different fraud concern, whether it be transactional or identity and each is handled completely different. It’s important to remember that you’re talking to a person and...

With this position at Capital One, they don’t offer internships, only full time positions. However, there are work at home and part time positions available as well. If you’re interested in an internship with Capital One, I would recommend contacting Capital One General Correspondance and see if ...

My training many years ago was to sit with a senior associate for a week. The first couple days was watching and learning, the last couple of days was doing their work with them over your shoulder. This way you were exposed to many different things and knew how to do the work once on your own. ...