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Bank of the West Sr. Risk Analyst – Fraud Prevention in San Ramon, California

Sr. Risk Analyst – Fraud Prevention


At Bank of the West, our people are having a positive impact on the world. We’re investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. From our locations across the U.S., Bank of the West is taking action to help protect the planet, improve people’s lives, and strengthen communities. We are part of BNP Paribas, a global leader supporting the UN Sustainable Development Goals (SDGs). Yes, we’re a bank, but as the bank for a changing world, we are continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth.

Job Description Summary

The Sr. Fraud Prevention Risk Analyst is responsible for performing a qualitative control analysis of fraud incidents to determine the root cause of control failures and/or process gaps and identifying corresponding remediation opportunities. The ideal candidate should have expertise assessing fraud controls ranging from digital to check/deposit controls and processes. The position will interact closely with Online Banking, Consumer Banking, Contact Center, back-office operations, 2LOD Operational Risk, and other key business partners to investigate control enhancement opportunities. You will also manage the Anti-Fraud tools inventory, support the control plan and fraud risk assessment initiatives. The risk assessment process includes risk identification, measurement, monitoring, control, reporting, including the understanding and management of risk through appropriate practices and processes.

Essential Job Functions

  • Applies fraud prevention best practices and continuously gains in-depth knowledge of various fraud prevention methodologies

  • Drives the root cause analysis of fraud incidents to identify control and process gaps

  • Manage the Anti-Fraud tools inventory to ensure the information is current in the system of record

  • Support the Operational Risk control plan and risk assessment processes

  • Partners with key stakeholders across the enterprise to identify, assess, aggregate and document risks and controls, including risks associated with new or modified products, services for customer facing applications.

  • Undertakes complex assessments of fraud risk exposures, identifying risks, analyzing and evaluating their potential impact and reviewing the strengths and weaknesses of the firm's existing controls

  • Ensures assigned areas are well designed, looks for and implements continuous process improvement, is a subject matter expert in their areas, and is able to communicate/educate others on the process.

  • Communicates results of fraud incident and risk assessments to governance committees, business process owners and various levels of leadership to gain acceptance.

  • Serves as a key contributor in cross-functional teams to identify, assess, aggregate and mitigate current and emerging risk events.

  • Enhances and contributes to strategies, tools, and methodologies to measure, monitor, and report fraud risks.

  • Partners with Fraud Solutions, Fraud - Emerging Threats and Controls & Governance to ensure alerting strategies are measured for efficacy and loss prevented are tracked through automated reporting and/or dashboards

  • Performs other duties as assigned.


Required Experience

  • Bachelor's degree in Risk Management, Business, Finance, or a related field. 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.

  • 6 years of risk management, regulatory or operations experience in a relevant functional area to include banking, insurance, financial services, audit, project management, public accounting or other related operational area. Or advanced degree/designation in Risk Management, Business, Finance, or other discipline relevant to risk management and 4 years of work experience in a discipline relevant to risk management. Or PhD in Risk Management, Business, Finance, or other discipline relevant to risk management and 2 years of work experience in a discipline relevant to risk management.

  • Risk management experience in a complex institution and/or highly matrixed environment related to banking, insurance and/or financial services.

  • Demonstrated experience in conflict resolution management and ability to effectively challenge at all levels of management and influence business outcomes.

  • Ability to effectively work with both internal and external partners in a highly collaborative environment.

  • Demonstrated critical thinking and knowledge of data analysis tools and techniques and decision-making abilities, to include demonstrated ability to effectively make data-driven decisions.

  • Proactively identifies potential concerns and follows-up to resolve issues.

  • Advanced knowledge of Microsoft Office products including Excel and PowerPoint.

Required Experience

  • 5 years of experience within a large financial institution subject to Heightened Standards, specifically in risk, compliance, or corporate governance

  • Working knowledge of and experience with FFIEC Internet Banking and Mobile Banking Authentication Guidelines.

  • Experience developing clear and concise written analysis and communicating conclusions/findings to senior management and Board committees.

  • Experience building reports and presentations and managing projects.

  • Working knowledge of credit, financial, operational, compliance, strategic, and reputation risks

  • Experience contributing to governance documentation including frameworks, policies, standards, procedures, or similar materials.

Working Location Statement

This position has the option to work in one of our key hubs (San Ramon, CA, Tempe, AZ, Omaha, NE) or to work remotely as long as it is in within our 27 state working footprint which includes AZ, CA, CO, FL, GA, ID, IA, IL, KS, MI, MN, MO, NE, NV, NM, NC, ND, OH, OK, OR, SD, TX, UT, WA, WI, WY, NY.

Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.

Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.

Job: Security

Location: United States-Arizona-Tempe

Other Locations: United States-California-San Ramon, United States-Nebraska-Omaha, United States-California-City of Industry, United States-California-San Francisco

Requisition ID: 060572