What are the responsibilities and job description for the Fraud Prevention Strategist position at East West Bank?
At East West Bank, we are committed to providing our customers with the highest level of service and security.
We are seeking a highly skilled Fraud Prevention Strategist to join our team and play a key role in protecting our customers' assets.
The ideal candidate will have a strong background in fraud operations, risk management, and leadership, with experience in developing and implementing effective fraud prevention strategies.
In this role, you will be responsible for leading the strategic direction of fraud prediction, prevention, and remediation at East West Bank. You will work closely with cross-functional teams to minimize and mitigate fraud risk, while ensuring operational efficiency and compliance with regulatory standards.
Key Responsibilities:
- Develop and implement fraud risk management programs, including key performance indicators, fraud analysis frameworks, and reporting.
- Assess and mitigate fraud risks through the implementation of fraud risk assessments and prevention and detection processes.
- Lead the development and execution of internal fraud training programs and customer training programs to ensure foundational fraud prevention and identification measures are in place.
- Partner with the BSA team to ensure fraudulent/suspicious applications are vetted for fraud activity.
- Oversee vendor relationships and ensure service levels and performance standards are met for all outsourced functions related to fraud.
You will also lead investigation initiatives with identified and measurable milestones and goals, ensuring that fraud investigations result in optimized recoveries and all regulatory and internal fraud reporting is completed timely and accurately.
Additionally, you will provide support regarding any internal fraud investigation matters as required.
This role requires a strong understanding of federal/state laws and regulations relating to bank fraud, check and debit card rules and compliance.
The ideal candidate will have 7 years of banking experience, including fraud operations with a heavy focus on retail banking, and 7 years of leading or influencing people.
A Bachelor's degree in criminal justice, finance, business administration, or a related field is preferred.
About Us:
East West Bank is a top-performing commercial bank with an exclusive focus on the U.S. and Greater China markets. We are headquartered in California and have over 120 locations across the U.S. and Asia.
We offer a competitive salary range of $200,000.00/Yr. - $280,000.00/Yr., based on job-related knowledge, skills, experience, and location.
Salary : $200,000 - $280,000
