Kloudhire

Sr. Fraud Risk Analyst loc : Santa Ana, CA

Posted on : 09-08-2023
Job Type : Full Time only
Salary : 100,000 - 200,000

Job Description:

Essential Duties And Responsibilities

Proactively assists in the oversight of a proactive Fraud Risk Management Program using data extraction, data analytics and management reporting.
Solid understanding of fraud risks, and risk management processes in order to identify and monitor fraud risks within the organization.
Contributes to the development and implementation of Fraud Risk processes, tools, policies, standards, and procedures in alignment with the Enterprise Risk Framework Program.
Analyzes activity to detect and prevent fraudulent activity based on reports, alerts, or notifications from third parties requesting assistance.
Analyzes potential check and deposit fraud, debit card, and checking irregularities, including returned deposited items, wire and ACH activity, check kiting, new account fraud activity, commercial and consumer loan fraud, and any other suspicious activities.
Oversees and performs investigations regarding actual and suspected fraud activities, providing oversight and appropriate resolution to the business units.
Prepares in-depth fraud case investigation narratives, which support; Suspicious Incident Reporting, Elder Abuse Reporting, Subpoenas, Human Resource corrective action and police reports.
Prepares and Analyzes internal and external fraud loss data reporting to monitor risk management activities associated with significant losses.
Risk assesses the effectiveness of antifraud programs and controls in place.
Effectively communicates emerging and/or changing risk and related control opportunities and enhancements to senior management.
Collaborates with Operational Risk Management team to comprehend, develop, and perform Key Risk Indicators reporting.
Maintains awareness of key process changes, system changes, organization or governance structure, and key outsourcing arrangements/vendor exposure and how they impact operational risk management.
Assists management in the development and implementation of the Antifraud control activities both preventive and detective controls.
Prepares monthly/quarterly management reports of all activities, including averted and sustained losses, and recovered monies.Adheres to all regulatory filing timelines.
Follow policies and procedures, complete tasks correctly and on time, and support the companys goals and values.
Perform the position safely without endangering the health or safety to themselves or others and be expected to report potentially unsafe conditions.
The employee shall comply with occupational safety and health standards and all rules, regulations, and orders issued pursuant to the OSHA Act of 1970, which are applicable to ones own actions and conduct.
Perform duties specific to the position and other functions as assigned.is an equal opportunity employer committed to creating a diverse workforce.
We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, disability or veteran status, among other factors.

Essential Knowledge, Skills, And Abilities

Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following:
Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), FHA (Fair Housing Act), Home Mortgage Disclosure Act, Real Estate Settlement Procedures Act,
Fair Credit Reporting Act, Bank Secrecy Act in conjunction with the USA PATRIOT Act, Anti-Money Laundering and Customer Information Program, Right to Financial Privacy Act (state and federal) and Community Reinvestment Act (CRA).
Strong knowledge of Bank administration, lending and operations products and services; related state and federal laws and regulations, and other Banking operational policies and procedures.
Excellent written and verbal communication with ability to create clear and concise summary documents of on-going investigations, and provide detailed instructions to team members.
Ability to analyze complex situations and provide guidance, makes recommendations, and/or escalates arising issues timely.
Strong organization skills and ability to handle multiple projects efficiently in order to ensure projects are completed timely.
Able to interact and communicate effectively with all management levels to assess business needs in a professional manner.
Strong proficiency with MS Office Suite required (MS Word, MS Excel, and MS PowerPoint).
SharePoint proficiency, including document maintenance and SharePoint updates.
Ability to make informal and formal presentations, inside and outside the organization; speaking before assigned team or other groups as needed.
Ability to deal with complex difficult problems involving multiple facets and variables in non-standardized situations.
Ability to work with little to no supervision while performing duties.

Education, Experience And/Or Licenses

Bachelors Degree from an accredited university, and a minimum of 5 years related work experience with Fraud investigations.
Minimum 5-7 years in banking/finance industry experience.
Minimum 5 years in experience of direct work experience in Fraud prevention or investigation in the Banking industry.
CFE Credentials preferred