Fraud Program Coordinator

Who We Are

First Fed is a local community bank on an exciting growth trajectory with 17 locations including 12 full-service branches in Western Washington. First Fed was recognized by the Puget Sound Business Journal as a Best Workplace and a Top Corporate Philanthropist. By popular vote, First Fed received awards for Best Bank in The Best of the Northwest, Best Banker in Readers’ Choice by Cascadia Daily News, and Peninsula Daily News named us Best Bank on the Olympic Peninsula. We also received a Best-In-State bank award from Forbes.  

For over 100 years First Fed has served our customers and communities throughout the PNW. We’ve donated over $9 million to non-profit organizations in the past 8 years through our foundations, sponsorships, direct donations, and matched employee donations. Our amazing team has volunteered over 25,000 hours in the past 5 years – many by using our benefit of 3 paid volunteer days per year!  

We welcome applicants from all backgrounds – our diversity makes us stronger. Join our award-winning team!  

Our Values

Optimism:  We are positive and decisive. We believe the future will be better than the past. Our attitude demonstrates persistence which leads to success.

Initiative:  We are self-starters and find innovative solutions. We are courageous, entrepreneurial, and passionate. We take action for good.

Respect:  We include individuals from diverse backgrounds and with different perspectives. We are committed to honoring and serving others.

Growth:  We learn and adapt so we can continually improve. We believe in personal growth through grit and determination.

Ownership:  We are invested in our endeavors. We are accountable and take responsibility for our actions and decisions.

Position Purpose

The Fraud Program Coordinator supports the bank’s efforts to prevent, detect, investigate, and respond to fraud across products, services, and delivery channels. This position helps protect customers and the bank by monitoring suspicious activity, supporting investigations, identifying trends for fraud, and partnering with internal teams to strengthen fraud awareness and controls.

Essential Functions

• Use the bank’s fraud detection and prevention tools to identify suspicious activity, elevated fraud risk, and potential losses.

• Conduct fraud investigations using system tools, research, and customer communication to resolve complex cases.

• Compile complete documentation of fraud cases, providing summary reports of the results to management.

• Review and respond to fraud-related alerts involving identity theft, account takeover, card fraud, and other monitored activity.

• Analyze account, transaction, and channel activity to identify fraud trends, emerging risks, and control gaps, and report findings to management.

• Communicate with customers in a professional, respectful, and empathetic manner, including during sensitive or high-stress situations.

• Partner with teams across compliance, legal, operations, BSA, and community banking to support fraud prevention and response efforts. Coordinate with law enforcement when appropriate.

• Assist with fraud awareness and prevention training for employees, including new hires, and reinforce best practices across the organization.

• Assist with the development, maintenance, and ongoing improvement of fraud-related policies and procedures.

• Support the ongoing administration of the bank’s fraud program and recommend process, monitoring, and control enhancements as needed.

• Review online account applications and related fraud screening results and provide recommendations consistent with bank procedures and risk standards.

• Support internal loss prevention activities and related investigations.

• Maintain regular and predictable attendance.

• Assist with the creation of customer fraud education materials.

• Provide fraud loss and prevention reporting to management.

• Ensure case files, investigations, and supporting documentation are complete, accurate, and maintained in accordance with internal procedures and retention requirements.

Qualifications & Requirements

• High school diploma or certified equivalency. 

• Experience working with Verafin preferred.

• At least four (4) years of relevant experience in fraud prevention, investigations, loss prevention, compliance, operations, audit, or other analytical work, preferably in a financial institution or similarly regulated environment required.

• Working knowledge of fraud risk, banking operations, account activity analysis, and investigative or case management practices.

• Proficiency with Microsoft Office applications; intermediate to advanced Excel skills preferred.

• Strong written and verbal communication skills, with the ability to work effectively with internal teams and customers.

• Strong analytical, organizational, and problem-solving skills, with close attention to detail and sound judgment.

• Commitment to ongoing professional development and staying current on fraud trends, scams, and prevention practices.

• Relevant fraud, financial crimes, or investigative certifications are a plus; Certified Fraud Examiner (CFE) preferred but not required.

Physical Requirements

The work requires the ability to operate office machines and equipment, such as personal computers, printers, copying machines and telephones. The work requires the ability to communicate clearly with customers, coworkers, and others in person and on telephones.  Work activities involve combinations of sitting/standing for extended periods. This role may be required to provide fraud-related support after business hours.

Pay Range

• The pay range for this position is $26.45 - $44.96 per hour

• The typical hiring range for this position is $26.45 - $30.35 per hour

• The incentive plan for this position is the Partnership Incentive plan. It is paid out quarterly with a 5% target payout.

• Employees will be eligible for our benefits package including medical, dental, and vision insurance, paid time off, retirement plans (401k with company match and Employee Stock Ownership Plan), gym membership reimbursement, discounts on our banking products, and more!  Additional information on our benefits package can be viewed at https://www.ourfirstfed.com/careers 

As a community Bank, we know the power in bringing people together from all walks of life. Our communities are beautiful and strong because of their diversity, and it’s important to us that all of our locations reflect the unique diversity of the places we live and work. We are passionate about hiring the very best talent and welcome applicants from all backgrounds.Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran

First Fed invites all qualified interested applicants to apply for our career opportunities.  If you are a person with a disability and need a reasonable accommodation to use our online job search or application tools, please email Human Resources  via [email protected] or call 360-460-2605.  Note: This contact information is reserved solely for job seekers requesting accessibility assistance or accommodation in the application process.  Messages left for other purposes may not receive a response.

We are required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.