Wells Fargo has a new position for a fraud and claims specialist: Matthew Valles. He previously worked as a Financial Crimes Specialist 3 in the Loss Prevention Line of Business Referrals unit in Portland, Oregon. But last month, the bank terminated his employment. Why? Wells Fargo's decision stems from an ongoing review of its fraud and claims policies. The company cites a number of factors, including the applicant's experience in a related field.
In addition to fraud and claims, the bank has a history of closing accounts in the wake of a fraudulent account. Wells Fargo has long denied these allegations, but a recent class action lawsuit filed by a former customer has exposed these problems. If you've recently opened an account with Wells Fargo, you may qualify for a class action lawsuit through the Fair Fund. Just remember, to file a claim, you'll need to provide personal cell phone numbers for verification purposes.
As a fraud and claims specialist, you'll identify control failures and mitigate risk by identifying suspicious activity and customer decisions. You'll be able to manage multiple claims types and participate in special projects, such as audits and compliance programs. Your job will be to balance strong investigative research skills with managing daily work flows. For example, a fraud and claims specialist may also manage multiple types of account activity, analyze transactions, and manage a team of associates and analysts. And they may also participate in monitoring control deficiencies and reporting to management.
As a fraud and claims specialist, you'll be responsible for tracking illegal transactions on customers' accounts. You'll report suspicious account activity to your supervisors and flag accounts for investigation. In addition, you'll have to make sure that your work is done confidentially. The role requires excellent communication skills and critical thinking skills. And you'll need to be quick to resolve financial cases. You'll have to work under pressure and solve problems within a short timeframe.
Boots to Banking has helped 530 veterans get a job with Wells Fargo. With 31 events held across eight businesses, including virtual ones can i get my money back from a bank transfer to COVID-19, you'll be able to get coaching from veteran employees. Afterward, you'll be on your way to interviews and job offers. If you're interested in this new role, consider applying today! If you're looking for a new position in a financial institution, apply today! You won't regret it!
A job as a fraud and claims specialist involves monitoring card transactions and exercising judgment and decision making. You'll work with a diverse team and will cross-train as needed to stay sharp and ahead of fraud. Most fraud and claims specialists hold bachelor's degrees, but you don't need a degree to be successful. One in five Fraud and Claims Specialists at Wells Fargo don't even have a college degree!
Another role for a fraud and claims specialist is Fraud Examiner. These professionals typically earn the same salaries as fraud specialists, though they are more likely to hold a Doctorate Degree. A fraud investigator's duties, however, vary widely based on the industry in which they work. Their duties usually revolve around identifying and reporting suspicious transactions, conducting security lapses, and implementing company policies. They also conduct investigations into suspicious activity.
