Ankit Chaudhary

Bank of America – Fraud Operations

• Fraud Detection & Prevention: Identified suspicious cheque, ACH, mobile cheque, and card fraud activities using Early Warning System triggers; suspended high-risk accounts to prevent losses and protect customer assets.
• Transaction Monitoring: Monitored high-risk ACH transfers, cheque deposits, mobile cheque deposits, and card transactions, enabling early detection and closure of accounts engaged in fraudulent activity.
• Cheque Fraud Investigation: Performed detailed cheque fraud analysis by reviewing signatures, endorsements, transaction patterns, and account history to detect counterfeit or altered cheques.
• Account Takeover (ATO) Investigation: Reviewed login history, device details, IP location mismatches, and behavioral anomalies to identify Account Takeover attempts and secure compromised accounts.
• Identity Theft Investigation: Managed customer identity theft claims by validating documentation, reviewing account activity, and confirming unauthorized usage to prevent further misuse.
• SAR Filing & Compliance Reporting: Drafted and filed Suspicious Activity Reports (SARs) for escalated cases; created detailed fraud summaries and presented findings to leadership and onshore stakeholders.
• Fraud Ring Identification: Detected coordinated cheque fraud rings, ACH fraud rings, and card fraud networks by analyzing shared account attributes, common locations, IP patterns, and linked customer information.
• Card Fraud Management: Investigated card fraud claims, reviewed transaction patterns, validated customer disputes, and ensured compliance with regulatory guidelines.
• Account Review & Risk Assessment: Conducted periodic and event-based account reviews to identify early signs of account fraud, unauthorized activity, and suspicious financial behavior.