Job Description
About Byline Bank Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.7 billion in assets and operates 45 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 U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024. 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, Finance & Overall in 2024-2025, 2025-2026. Chicago Sun Times Chicago’s Best Workplaces 2024 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. Objective Of Position The Fraud Analyst is responsible for helping all Byline Staff in order to safeguard the Bank and its customers against Fraud. Investigates fraudulent/illegal activities perpetrated by customers or employees. Help designs and implements programs to prevent such activities and to recover any incurred losses. May work with external local, state and federal authorities as well as internal teams with matters relating to fraudulent/illegal activities. Duties And Responsibilities Help reviews case management software, alerts and investigate alerts as required. Performs independent analysis for cases involving suspicious activity including, but not limited to, elder financial abuse, check kiting, and counterfeit checks. Completes and assists with Suspicious Activity Reports (SARs) and Suspicious Activity Investigation Reports (SAIRs). Investigates fraud or Whistleblower issues. Facilitates and performs periodic (90 Day) SAR follow-up reviews. Assists Bank staff with instances of identified Fraud. Help reviews and maintains Red Flag cases and Concern Reports. Proactively identifies instances of potential fraud and abuse. Maintains a solid working knowledge of current fraud trends. Attends Fraud training sessions and networks with industry groups. All other duties as assigned. Note: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Qualifications Bachelor’s degree preferred. 2+ years of 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. 2+ years of experience in the lending industry, preferably in fraud detection and investigation, risk management or compliance. Knowledge of fraud related trends, theories, and practices. Fraud certification(s) or willingness to pursue. Ability to collect and analyze 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 Ability to work with confidential information Ability to communicate with colleagues and the BSA Officer regarding issues and findings. Ability to work collaboratively with a variety of stakeholders at all levels. Be self-motivated with a strong attention to detail. Have strong change management, organizational and planning capabilities. Proficiency in MS Office Suite. 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