Senior Fraud Analyst

Hanmi Bank • Los Angeles, CA

9d • $55,000 - $82,000

About The Position

The Senior Fraud Analyst executes the Bank’s fraud program, including assisting with program development, oversight, and monitoring to prevent, identify, and resolve fraud risks across the organization. The role collaborates with business units to consider fraud risks in business initiatives and ensures compliance with Company policies and procedures and applicable laws and regulations.

The position is responsible for compliance with relevant state and federal requirements, including 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.

Requirements

• Bachelor’s degree preferred, plus five or more years of experience and/or training, preferably in financial services, or an equivalent combination of education and experience.
• At least three years of related experience in fraud risk management in an operating or oversight function.
• Extensive knowledge of leading and managing fraud risk assessments.
• Solid presentation and reporting skills using in-house tools and databases, with strong knowledge 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, achieve objectives, influence others, build teams, and communicate effectively with senior management.
• Basic computer terminal, personal computer, mainframe, word processing, typing, and spreadsheet skills.
• Basic mathematics skills, including calculating interest, commissions, proportions, and percentages; balancing accounts; performing arithmetic; identifying routine mathematical errors; and computing and interpreting rates, ratios, percentages, and bar graphs.
• Exceptional verbal, written, and interpersonal communication skills, including the ability to follow and explain instructions, train personnel, prepare reports, correspondence, and procedures, and communicate clearly with customers and employees.
• Thorough understanding of management procedures and the ability to plan activities, set objectives, develop strategies, budget, establish policies and procedures, organize functions, staff and develop employees, delegate and motivate, resolve problems, set performance standards, measure results, take corrective action, and reward employees as appropriate.
• Ability to address complex problems involving multiple facets and variables in non-standardized situations.
• Ability to work without supervision while performing duties.

Nice To Haves

• Bachelor’s degree from a college or university.
• Experience and/or training in 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 suspicious activity flagged for investigative review.
• Lead investigations of fraud incidents and collaborate with business units to identify and address root causes.
• Assist with developing and maintaining metrics for managing and reporting fraud risk to management and the Board.
• Assist with 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 control effectiveness.
• Coordinate with business units, compliance, information security, and BSA 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 on 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, complete tasks correctly and on time, and support Company goals and values.
• Demonstrate ethical conduct, respect, integrity, accountability, and adherence to organizational values.
• Support equal employment opportunity and diversity practices, including maintaining a work environment free of harassment.
• Perform the position safely, report potentially unsafe conditions, and comply with applicable occupational safety and health standards.
• Perform other position-specific duties and functions as assigned.

Benefits

• Paid sick time off is offered to 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 may be available for employees and dependents.
• 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