Senior Fraud Analyst at Hanmi Financial in Los Angeles, CA

Job description

SUMMARY The Senior Fraud Analyst is responsible for execution of the Bank's fraud program. This includes assistance with program development, oversight and monitoring to ensure prevention, timely identification and resolution of Company fraud risks across the organization. The position will collaborate with business units to ensure fraud risks are considered in the development of business initiatives. Ensures compliance with established Company policies and procedures, laws and regulations. Ensures compliance with established Company policies and procedures. 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), 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. REQUIRED DUTIES 1. Assists with the development, performance and maintenance of the enterprise fraud risk assessment through partnership with business unit management and the Risk Manager, considering both potential internal and external fraud. 2. Assists with development and implementation of a fraud framework and program to detect and monitor fraud. 3. Executes anti-fraud strategies to reduce and manage financial loss from fraudulent activities. 4. Collaborates on development of controls to prevent fraud losses. 5. Informs CRO of decisions on disputed transactions and/or suspect activity flagged for investigative review. 6. Leads investigations of fraud incidents and collaborate with appropriate business units to identify and address root causes. 7. Assists in developing and maintaining metrics for managing and reporting fraud risk to management and the Board. 8. Assists in developing, implementing and maintaining enterprise policies and processes to mitigate fraud risk while ensuring an appropriate balance between risk management and customer experience. 9. Collaborates with business unit management to establish fraud risk management protocols, detective and preventive fraud controls, and to assess the effectiveness of controls for fraud risks. 10. Coordinates with business units, compliance, information security and BSA as needed to ensure timely and appropriate response to suspected fraud. 11. Collaborates closely with BSA department to ensure appropriate suspicious activity reporting is completed. 12. Serves as subject matter expert regarding fraud functions, systems and policies. 13. Identifies, configures and implements fraud detection tools, and refine detection calibration to maintain optimum tradeoff between fraud risk management and operational efficiency. 14. Implements and monitors real-time fraud warning queues, authorization systems, and fraud risk management applications. 15. Interacts appropriately and professionally with Regulators and auditors as requested. 16. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions. 17. Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action. 18. Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values. 19. Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, reg