Job Description

Job Description

Job Description

About Byline Bank:
Headquartered in Chicago, Byline Bank is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.6 billion in assets and operates 46 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top Small Business Administration lenders in the United States according to the national SBA ranking by the U.S. Small Business Administration by volume FY2023. Byline Bank is a member of FDIC and an Equal Housing Lender.

At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:

• U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest in 2024-2025
• Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management)
• Forbes America’s Best Small Employers 2023

By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.

About the Opportunity:
At Byline Bank, we're looking for hardworking, client-focused individuals to join our dynamic team. As part of our organization, you'll have the opportunity to contribute to the success of our clients and make a real difference in the communities we serve. If you're passionate about delivering quality service and thrive in a supportive, growth-oriented environment, let's connect to discuss this Fraud Analyst opportunity!

Objective of Position :

The Fraud Analyst works with all Byline Staff in order to safeguard the Bank and its Customers against Fraud. As a Fraud Analyst at Byline Bank, you will investigate fraudulent/illegal activities perpetrated by customers and/or employees. You will also have an opportunity to create process improvements to prevent high risk fraudulent activities and to recover any incurred losses.

• Perform manual fraud reviews to detect fraudulent transactions.
• Perform independent, investigative reviews related to fraudulent and suspicious activity involving, but not limited to check fraud, ACH fraud, wire fraud, eBanking, Zelle payments, and elder financial abuse.
• Complete timely assigned fraud alerts and case investigations.
• Complete Suspicious Activity Reports (SARs) and 90 Day SAR follow-up reviews.
• Review queued transactions to determine if transactions are fraudulent or legitimate.
• Review and maintain Red Flag cases and Concern Reports.
• Assist in maintaining basic ecommerce duties including chargeback, ATM/Mobile deposits handling and review.
• Analyze customer banking transactions to detect common patterns of suspicious behavior.
• Perform specialized reporting and tasks delegated by leadership

Essential Knowledge, Skills, and Abilities:

• Bachelor’s Degree required and/or minimum 5 years banking experience with knowledge of Fraud, Loss Mitigation, and Bank Secrecy Act regulatory requirements and/or other program related compliance functions. General compliance or operational work related to Fraud elements to be considered.
• Skill in time management, organizational, and ability to maintain composure while meeting multiple deadlines.
• Expertise in collecting and evaluating information to draw logical conclusions.
• Effective verbal and written communication skills, including active listening skills, and skills in presenting findings and recommendations.
• Ability to effectively communicate the applicability of Fraud issues to front line personnel for execution in the day-to-day working environment.
• Continuous fraud knowledge related trends, theories, and practices. om
• Demonstrated proficiency in Microsoft Word, Excel, and other financial systems.
• Ability to communicate with colleagues and the BSA Officer regarding issues and findings.
• Certified Fraud Examiner (CFE) designation is highly desired, and if not already attained, will be a requirement within a reasonable period of time from starting date depending on examination availability/scheduling.

Skills/Abilities:

• Collecting and analyzing complex data, evaluating information and drawing logical conclusions;
• Ability to effectively communicate the applicability of Fraud issues to front line personnel for execution in the day-to-day working environment;
• Effective verbal and written communication skills, including active listening skills, and skills in presenting findings and recommendations;
• Skill in planning and project management, and in maintaining composure under pressure while meeting multiple deadlines;
• Ability to research issues and suggest uses of the information to resolve problems;
• Ability to work with confidential information;
• Ability to communicate with colleagues and the BSA Officer regarding issues and findings.

Physical Demands/Work Environment:
Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.

At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.

Compensation & Benefits:
Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.

The salary range for this position is between $50,000 to $60,000.

In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off and much more! Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.

Additional Information:
Byline Bank is an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.

All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.

Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773-475-2900, Option #2.

If applying within the US, this role is not eligible for visa sponsorship now or in the future.

Note to Recruitment Agencies and Third-Party Recruiters:
Byline Bank kindly requests that third-party recruiters, staffing agencies, and recruitment firms refrain from submitting resumes or candidate profiles without a prior agreement in place. Any unsolicited submissions will be considered property of Byline Bank, and no fees will be paid for placements resulting from such submissions. We appreciate your understanding and cooperation.

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