Location Designation:Hybrid - 3 days per week

This position is hybrid - Tuesday - Thursday in the New York or Tampa Office and Monday and Friday work from home.

Business Overview:

As part of Risk Management, you'll play a pivotal role in safeguarding New York Life's strategic goals. By analyzing and mitigating potential risks, you contribute to three crucial areas: strengthening the company's defenses, informing sound business decisions, and advancing risk capabilities across the organization. Your expertise empowers informed risk-taking, fostering sustainable growth and protecting the financial security of millions of policy owners.

Role Overview:

The SIU Fraud Analyst is responsible for working with SIU investigators to detect, investigate, and prevent fraudulent activities within the company. This role involves the initial review and triage of potentially fraudulent activities, analyzing data, prioritizing cases, preparing them for further investigation, and producing detailed reports on findings and trends. The ideal candidate will possess strong analytical skills, attention to detail, and a background in fraud detection.

What You'll Do:

Conduct initial reviews of flagged cases to assess the likelihood of fraud.
Gather preliminary evidence and documentation to support the initial assessment.
Conduct internal and external database searches as part of the investigative process.
Prepare detailed summaries and case files for investigators, ensuring they have all necessary information to conduct a thorough investigation.
Perform data analysis to identify trends, patterns, and anomalies related to fraudulent activities.
Produce detailed analytical reports on fraud trends, risk factors, and potential vulnerabilities.
Identify patterns and trends in fraudulent activities to inform prevention strategies.
Work closely with internal departments, such as claims, underwriting, and service, to gather additional information and context for cases.
Coordinate with the SIU investigation team to ensure a smooth handoff of cases.
Ensure all documentation is compliant with legal and regulatory requirements.
Document the SIU Case Management System with daily investigative activity.
Recommend improvements to policies, procedures, and controls based on findings from the triage and data analysis process.
Assist with company-wide fraud awareness training, including developing training materials, scheduling sessions and maintaining records and reports.
Stay updated on the latest fraud trends, techniques, and regulatory changes by interacting with industry associations.
Participate in professional development opportunities, such as training sessions and industry conferences.

What You'll Bring:

Bachelor's degree in Criminal Justice, Finance, or a related field preferred
Minimum 3-5 years of relevant work experience (Life Insurance/ Fraud Investigations/Law Enforcement preferred)
Ability to build relationships quickly
Strong analytical, assessment, and data analysis skills
Strong written and verbal communication skills
Proficiency in using fraud detection software, data analysis tools, and reporting tools; Tableau experience a plus
Proficient in Microsoft Office Suite
Ability to work independently and as part of a team
High level of integrity and ethical standards

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Pay Transparency

Salary Range:$77,500-$132,500

Overtime eligible:Exempt

Discretionary bonus eligible:Yes

Sales bonus eligible:No

Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.

Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by theFoundation.We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

Job Requisition ID:90885