Senior Fraud Risk Analyst

Overview

Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly-owned banking subsidiary, Banc of California (the “bank”). Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small-, middle-market, and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more.

Job Summary 

Responsible for managing escalation queue and inbox, analyzing moderate to complex account activity utilizing various fraud tools to detect and prevent fraudulent activity.  Identifies and escalates to Management, any suspected, alleged or known internal and external fraud investigations.  As a Senior level, handles more complex investigations. In addition to investigations, responsible for assisting Loss Prevention in researching and identifying all possible avenues to the recovery of funds and/or property obtained by such fraud, and coordinate with Corporate Security to help identify and facilitate the prosecution of the person(s) perpetrating such fraud. Responsible for Elder Abuse identification and reporting.  Ensures compliance with established Bank policies and procedures, supporting the Fraud Risk Management Policy and Standard. Performs all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.

Responsibilities

• Proactively assists in the oversight of a proactive Fraud Risk Management Program using data extraction, data analytics and management reporting. 
• Extensive 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 all potential or actual fraud within the Bank, including, but not limited to:  check, deposit, new account, card issuing (debit and credit), ACH receipt, ACH origination, card acquiring, wires, consumer and commercial loans, suspicious activities, etc.
• 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.
• Identifies and reports in a timely manner suspected Elder Abuse to applicable APS Reporting agencies
• Effectively communicates emerging and/or changing risk and related control opportunities and enhancements to senior management.
• Performs Key Risk Indicator (KRI) and Key Performance Indicator (KPI) reporting; analyzing, tracking and reporting data.
• 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 antifraud control activities both preventive and detective controls.
• Prepares monthly/quarterly management reports of all activities, including averted and sustained losses, large losses and recovered monies.
• Adheres to all regulatory filing timelines.
• Follow policies and procedures, complete tasks correctly and on time, and support the company’s goals and values.
• Assists management in annual Fraud Risk Assessment, including data procurement, analyzation and authoring.
• Performs the position safely without endangering the health or safety to themselves or others and be expected to report potentially unsafe conditions.  Complies with occupational safety and health standards and all rules, regulations, and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.