MNC InsiderMNC Insider
Bank of America logo

Wealth Management Fraud & Claims - Sr. Fraud Analyst

Bank of America

Wealth Management Fraud & Claims - Sr. Fraud Analyst

full-timePosted: Jul 29, 2026Updated: Aug 28, 2026Pennington

Job Description

Job Description:Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Wealth Management is one of the largest businesses of its kind in the world specializing in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance.Merrill’s Financial Advisors and Wealth Management Client Associates help clients pursue the life they envision through a personal relationship with their advisory team committed to their needs. We believe trust comes from transparency. Our trusted advisory teams are equipped with access to the investment insights of Merrill coupled with the banking convenience of Bank of America.At Merrill, we empower you to bring your whole self to work. We value diversity in our thoughts, business, and within our employees and clients. Our Wealth Management team represents an array of different backgrounds and bring their unique perspectives, ideas and experiences, helping to create a work community that is culture driven, resilient, results focused and effective.Job Description:This job is responsible for handling complex and escalated customer situations regarding possible fraudulent account activity. Key responsibilities include receiving inbound calls and takes appropriate action requiring accuracy on complex transactions. Job expectations include performing functions related to research and resolution of fraudulent activity, service support, and delivering practical, innovative solutions to clients while focusing on retention and re-establishing client confidence.Wealth Management Fraud & Claims associates will handle inbound calls from clients, branch offices, banking centers, and various internal associates. They will also be responsible for the claim initiation and status updates of various fraud and billing disputes, on our clients’ bank accounts. Associates will handle a wide variety of claim types including but not limited to: credit card, debit card, ATM, check fraud, ACH, and online wire transfers for wealth banking products.Responsibilities:Services banking products with high-risk activity to maximize approval of legitimate transactions, minimize client impact at the point of sale, identify fraudulent activity and restrict account activityAssists Fraud Strategy partners with development of new tactics by facilitating controlled tests and simulations within the production environmentTests existing customer facing capabilities (credit, debit, transactions, deposit activity, and online activities) for unknown vulnerabilities resulting in potential fraudulent exploitation and unplanned lossParticipates in triage related to Executive Escalations & Incident Response fraud activitiesReviews and investigates reports of suspected fraudulent activity with accurate recording of data captured during client interactionsFollows established processes and guidelines in daily activities to do what is right for clients and the bank, adhering to all applicable laws and regulationAssist clients and internal partners with banking claim and suspicious alert inquiries, initiation and updatesRequired Qualifications:1+ years of fraud servicing or call center experience.Has strong analytical and organizational skills and demonstrates the ability to solve complex problems by reviewing related informationDemonstrates a strong sense of urgency and is able to work in a fast-paced, ever-changing environment with a strong focus on risk mitigation and client experience.Displays passion, integrity, commitment and drive to deliver a positive, differentiated service that improves our clients’ financial livesFully understands how life events can impact a client’s financial situation and is prepared to actively advise solutions and analyze/resolve complex client problems through creative solutionsCommitment to excellent attendance with proven reliability and can adhere to the agreed upon work scheduleDependable team-player attitude with an understanding that calls must be handled immediately, including weekends and holidaysCommunicates effectively and confidently with all clients to make their financial lives betterAbility to engage with clients while navigating multiple screens – begin a conversation, anticipate what questions a client will have, actively share information using plain language, build rapport, and handle objectionsComfortable receiving ongoing performance feedback and coachingAbility to learn and adapt to new information and technology platformsMinimum of an intermediate level of proficiency with computers and current technologyDesired Qualifications:Experience in a call center or a financial/banking centerFraud Detection and PreventionCredit RiskSkills:Customer and Client FocusData Collection and EntryDue DiligenceIssue ManagementOral CommunicationsActive ListeningAdaptabilityAttention to DetailPolicies, Procedures & GuidelinesWritten CommunicationsBusiness AcumenCollaborationCritical ThinkingShift:1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - NJ - Pennington - 1400 American Blvd - Princeton Place At Hopewell Bldg. 4 (NJ2140)Pay and benefits informationPay range$24.04 - $31.25 hourly pay, offers to be determined based on experience, education and skill set.Predictable payThis role is compensated with a base salary and is not incentive eligible.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Locations

  • Pennington
  • Chandler
  • Newark

Skills Required

  • computersintermediate
  • call centerintermediate

Required Qualifications

  • 1+ years of fraud servicing or call center experience. (experience, 1 years)
  • Has strong analytical and organizational skills and demonstrates the ability to solve complex problems by reviewing related information (experience)
  • Demonstrates a strong sense of urgency and is able to work in a fast-paced, ever-changing environment with a strong focus on risk mitigation and client experience. (experience)
  • Displays passion, integrity, commitment and drive to deliver a positive, differentiated service that improves our clients’ financial lives (experience)
  • Fully understands how life events can impact a client’s financial situation and is prepared to actively advise solutions and analyze/resolve complex client problems through creative solutions (experience)
  • Commitment to excellent attendance with proven reliability and can adhere to the agreed upon work schedule (experience)
  • Dependable team-player attitude with an understanding that calls must be handled immediately, including weekends and holidays (experience)
  • Communicates effectively and confidently with all clients to make their financial lives better (experience)
  • Ability to engage with clients while navigating multiple screens – begin a conversation, anticipate what questions a client will have, actively share information using plain language, build rapport, and handle objections (experience)
  • Comfortable receiving ongoing performance feedback and coaching (experience)
  • Ability to learn and adapt to new information and technology platforms (experience)
  • Minimum of an intermediate level of proficiency with computers and current technology (experience)
  • Experience in a call center or a financial/banking center (experience)
  • Fraud Detection and Prevention (experience)
  • Credit Risk (experience)

Responsibilities

  • Services banking products with high-risk activity to maximize approval of legitimate transactions, minimize client impact at the point of sale, identify fraudulent activity and restrict account activity
  • Assists Fraud Strategy partners with development of new tactics by facilitating controlled tests and simulations within the production environment
  • Tests existing customer facing capabilities (credit, debit, transactions, deposit activity, and online activities) for unknown vulnerabilities resulting in potential fraudulent exploitation and unplanned loss
  • Participates in triage related to Executive Escalations & Incident Response fraud activities
  • Reviews and investigates reports of suspected fraudulent activity with accurate recording of data captured during client interactions
  • Follows established processes and guidelines in daily activities to do what is right for clients and the bank, adhering to all applicable laws and regulation
  • Assist clients and internal partners with banking claim and suspicious alert inquiries, initiation and updates

Target Your Resume for "Wealth Management Fraud & Claims - Sr. Fraud Analyst" , Bank of America

Get personalized recommendations to optimize your resume specifically for Wealth Management Fraud & Claims - Sr. Fraud Analyst. Takes only 15 seconds!

AI-powered keyword optimization
Skills matching & gap analysis
Experience alignment suggestions

Check Your ATS Score for "Wealth Management Fraud & Claims - Sr. Fraud Analyst" , Bank of America

Find out how well your resume matches this job's requirements. Get comprehensive analysis including ATS compatibility, keyword matching, skill gaps, and personalized recommendations.

ATS compatibility check
Keyword optimization analysis
Skill matching & gap identification
Format & readability score

Tags & Categories

GeneralGeneral

Answer 10 quick questions to check your fit for Wealth Management Fraud & Claims - Sr. Fraud Analyst @ Bank of America.

Quiz Challenge
10 Questions
~2 Minutes
Instant Score

Related Books and Jobs

No related jobs found at the moment.