Member Care Fraud Specialist

At Allegacy, our roots run deep — anchored in a longstanding commitment to doing right by our members and the communities we serve. Every role within our organization plays a vital part in nurturing the relationships that make that promise real. As a member of our team, you'll be empowered to live out our brand every day, building meaningful connections that support the financial wellbeing of those who count on us most.

Nature and Scope

This position reports directly to the Member Care Fraud Supervisor. The Fraud Specialist will be the initial point of contact to assist with inbound member inquiries in a call center environment, as well as team member inquiries. The Fraud Support Team will work closely with fraud, compliance, retail banking and operations to assist with fraud-related member inquiries. This role involves opening fraud cases within Verafin, reviewing alerts, and escalating concerns to management as needed. Some investigative tasks may include gathering documentation, supporting regulatory compliance efforts, and communicating with members or internal teams. The position requires attention to detail, good judgment, and the ability to work both independently and collaboratively with other departments.

Specific Accountabilities

• Review financial transactions and account activity to help identify unusual or potentially fraudulent behavior.
• Ability to handle sensitive information with discretion and confidentiality
• Stay informed of common fraud schemes and trends through internal training or shared resources.
• Review member accounts through analysis for fraud or prevention of fraud by utilizing software such as, Visa Risk Manager, Visa Data Manager, Visa DPS CATS, Verafin, or Lumin
• Serve as an expert for card-based fraud in accordance with department and organization standards, policies, guidelines, regulations and controls.
• Complete the initial intake of processing fraud and dispute cases, from initial reporting to resolution, including documenting, tracking progress and ensuring appropriate follow up guidelines are being provided.
• Collaborate with internal departments (e.g., Card Services, Deposit Operations, IT Security) to coordinate fraud investigations and recovery efforts.
• Take appropriate action on compromised accounts, including placing holds, closing accounts, or initiating new accounts as necessary.