Senior Fraud Analyst

Hanmi Bank • Los Angeles, CA

9d

About The Position

The Senior Fraud Analyst executes the Bank’s fraud program, assisting with program development, oversight, and monitoring to prevent, identify, and resolve fraud risks across the organization. The role collaborates with business units to account for fraud risks in new initiatives and ensures compliance with company policies and procedures and applicable laws and regulations. Relevant regulatory requirements include Regulation Z, Regulation B, the Home Mortgage Disclosure Act, the Real Estate Settlement Procedures Act, the Fair Credit Reporting Act, the Bank Secrecy Act and USA PATRIOT Act, anti-money laundering and customer information program requirements, the Right to Financial Privacy Act, and the Community Reinvestment Act.

The position develops and maintains fraud risk assessments, frameworks, controls, policies, processes, metrics, and reporting. It investigates fraud incidents, coordinates responses to suspected fraud with business units and control functions, and works closely with the BSA department on suspicious activity reporting. The Senior Fraud Analyst also serves as a subject matter expert, implements and monitors fraud detection systems and tools, and interacts professionally with regulators and auditors as requested.

The role requires sound judgment, collaboration, communication, integrity, and the ability to work independently. The employee must follow company policies, EEO and safety requirements, and perform other duties as assigned. The listed salary range is $55,000–$82,000 per year. Candidates may be eligible for discretionary bonus, stock, commissions, and incentives. A comprehensive benefits package varies by position; all employees are offered paid sick time, and available benefits may include vacation leave, paid holidays, insurance, voluntary benefits, and optional retirement accounts.

Requirements

• At least three years of related experience in fraud risk management responsibilities in an operating or oversight function.
• Five or more years of experience and/or training, preferably in the financial services industry, or an equivalent combination of education and experience.
• Extensive knowledge of leading and managing fraud risk assessments.
• Solid presentation and reporting skills using in-house tools and databases, and strong understanding of Microsoft Office, including Excel and PowerPoint.
• Working knowledge of bank operations, lending products and services, and bank operational policies and procedures.
• Working knowledge of enterprise risk and related controls.
• Ability to collaborate to achieve objectives, influence others, build teams, and communicate effectively with senior management.
• Basic computer skills, including terminal and personal computer operation, mainframe systems, word processing, typing, and spreadsheet software.
• Basic math skills, including calculating interest, commissions, proportions, and percentages; balancing accounts; and interpreting bar graphs.
• Exceptional verbal, written, and interpersonal communication skills, including the ability to follow instructions, instruct and train others, write reports and procedures, and communicate clearly with customers and employees.
• Thorough understanding of management procedures and the ability to plan activities, set objectives, develop strategies and policies, staff and develop employees, direct work, and measure and control results.
• Ability to deal with complex problems involving multiple variables in non-standardized situations.
• Ability to perform duties without supervision.
• Bachelor’s degree from a college or university is preferred.

Nice To Haves

• Bachelor’s degree from a college or university.
• Experience and/or training within the financial services industry.

Responsibilities

• Assist with developing, performing, and maintaining the enterprise fraud risk assessment in partnership with business unit management and the Risk Manager, considering internal and external fraud.
• Assist with developing and implementing a fraud framework and program to detect and monitor fraud.
• Execute anti-fraud strategies to reduce and manage financial losses from fraudulent activities.
• Collaborate on developing controls to prevent fraud losses.
• Inform the CRO of decisions on disputed transactions and suspected activity flagged for investigative review.
• Lead investigations of fraud incidents and collaborate with appropriate business units to identify and address root causes.
• Assist in developing and maintaining metrics for managing and reporting fraud risk to management and the Board.
• Assist in developing, implementing, and maintaining enterprise policies and processes to mitigate fraud risk while balancing risk management and customer experience.
• Collaborate with business unit management to establish fraud risk management protocols and preventive and detective controls, and assess their effectiveness.
• Coordinate with business units, compliance, information security, and BSA as needed to ensure timely and appropriate responses to suspected fraud.
• Collaborate with the BSA department to ensure appropriate suspicious activity reporting is completed.
• Serve as a subject matter expert regarding fraud functions, systems, and policies.
• Identify, configure, and implement fraud detection tools, and refine detection calibration to balance fraud risk management and operational efficiency.
• Implement and monitor real-time fraud warning queues, authorization systems, and fraud risk management applications.
• Interact appropriately and professionally with regulators and auditors as requested.
• Follow company policies and procedures, support organizational goals and values, and complete tasks correctly and on time.
• Perform the position safely, report potentially unsafe conditions, and comply with applicable occupational safety and health standards.
• Perform position-specific duties and other functions as assigned.

Benefits

• Paid sick time off for all employees.
• Depending on the position offered, benefits may include vacation leave and paid holidays.
• Depending on the position offered, medical, dental, vision, life, and disability insurance for employees and dependents may be available.
• Depending on the position offered, various voluntary benefits and optional retirement accounts may be available.
• Successful candidates may be eligible for bonus, stock, commissions, and incentives at the Company’s sole discretion.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed