Hybrid Fraud Analyst

at Celtic Bank

• Job title: Fraud Analyst
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Salt Lake City, United States

About the role

• Fraud Analyst reviewing commercial lending transactions for fraud indicators at Celtic Bank. Conducting investigations and ensuring compliance with bank policies and regulatory requirements.

Responsibilities

• Review commercial loan applications, supporting documentation, and financial statements to identify indicators of fraud, misrepresentation, or unusual patterns.
• Conduct enhanced due diligence (EDD) on high-risk borrowers, entities, and transactions.
• Investigate suspected fraud cases, documenting findings and recommending appropriate actions.
• Utilize internal and external data sources—public records, credit bureaus, fraud databases, business verification tools—to validate borrower information.
• Analyze commercial lending activity for anomalies such as identity discrepancies, income/asset fabrication, shell companies, straw borrowers, and falsified collateral.
• Confirm the legitimacy of commercial borrowers, validate business registration details, and detect discrepancies or “red flags.”
• Assess business principals by evaluating authorized agents, beneficial owners, and associated persons for accuracy, legitimacy, and potential hidden connections.
• Interpret Customer Identification Program results to determine whether inconsistencies require escalation, including indicators such as invalid SSNs, mismatched address history, or multiple name associations.
• Ensure identity‑verification results support KYC/KYB compliance and identify fraud risks during the underwriting and onboarding processes.
• Review documents flagged for forgery, manipulation, AI-generated, or otherwise suspicious financial documents provided during commercial loan applications.
• Confirm bank account ownership, account status, and authenticity before funding commercial loans.
• Confirm borrower and business entity details by validating bank accounts for status and indicators of suspicious behavior, supporting secure disbursement decisions.
• Incorporate fraud risk insights into commercial loan reviews to prevent unauthorized transactions, identity theft, and account takeover attempts.

Requirements

• Experience in commercial lending, fraud detection, credit risk, underwriting, or financial investigations.
• Strong analytical skills with attention to detail and ability to spot patterns or inconsistencies.
• Working knowledge of commercial lending structures, financial statements, and loan documentation.
• Proficiency in using fraud detection tools, document verification tools, and data analysis resources.
• Excellent written and verbal communication skills for documenting findings and advising stakeholders.
• Experience with SBA lending, equipment finance, or specialty commercial loan programs.
• Familiarity with BSA/AML regulations, red flags, and SAR processes.
• Certification such as CFE, CRCM, or CAMS is a plus

Benefits

• Medical, dental, vision
• 401(k) with employer match
• Life and long-term disability coverage
• HSA and FSA plans
• Holidays and paid time off requests
• Robust wellness program (we’re talking catered meals three times a week, lunch and learns, and onsite gym!)