Senior Fraud Monitoring Analyst

Western Alliance Bank•Phoenix, AZ

About The Position

As a Senior Fraud Monitoring Analyst, you will act as primary escalation point for complex and sensitive fraud cases. You'll develop and maintain comprehensive Fraud investigation and prevention policies and procedures, in adherence with regulatory requirements and industry standards. You'll conduct regular fraud risk assessments and build ad-hoc reports to evaluate the effectiveness of existing fraud prevention policies and practices. Enter and verify outgoing wires; process outgoing wires from various electronic channels and process incoming wires received via FED (Federal Reserve Bank) or SWIFT (Society for Worldwide Interbank Financial Telecommunication). Respond to inquiries from internal customers; investigating wire issues, completing end-of-day reconciliation of system activity, and performing other duties associated as assigned within the Bank’s Wire Operations group. Work with multiple system queues, research, repair, and process all incoming and outgoing wires that require manual intervention. Provide support to all branches and affiliate banks where service or assistance is needed as it relates to wire transfers.

Requirements

5+ years of related experience in BSA/AML & Financial Crimes or similar field.
Bachelor's degree in related field required.
Intermediate to advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
Intermediate to advanced Knowledge of transaction types across the spectrum of commercial and consumer products (deposit, lending, ACH, ATM, RDC, and correspondent banking).
Intermediate to advanced knowledge of BSA/AML transaction monitoring and/or case management software.
Intermediate speaking and writing communication skills.

Nice To Haves

Certified Anti-Money Laundering Specialist preferred.

Responsibilities

Act as primary escalation point for complex and sensitive fraud cases.
Develop and maintain comprehensive Fraud investigation and prevention policies and procedures, in adherence with regulatory requirements and industry standards.
Conduct regular fraud risk assessments and build ad-hoc reports to evaluate the effectiveness of existing fraud prevention policies and practices.
Enter and verify outgoing wires
Process outgoing wires from various electronic channels and process incoming wires received via FED (Federal Reserve Bank) or SWIFT (Society for Worldwide Interbank Financial Telecommunication).
Respond to inquiries from internal customers
Investigating wire issues, completing end-of-day reconciliation of system activity, and performing other duties associated as assigned within the Bank’s Wire Operations group.
Work with multiple system queues, research, repair, and process all incoming and outgoing wires that require manual intervention.
Provide support to all branches and affiliate banks where service or assistance is needed as it relates to wire transfers.