Silicon Valley Bank
Sr. Fraud Analyst (M-F, 11am - 8pm shift) (ACH) (Finance)
We have an exciting opportunity in our Fraud team within SVB's Compliance and Risk organization.
The Senior Fraud Analyst, reporting to the Supervisor of External Fraud Investigations, is part of SVB's Financial Intelligence Unit. Senior Fraud Analysts are responsible for the detection and prevention of fraudulent activity occurring through the Bank. In addition, when fraud is identified, this individual is responsible for processing fraud claims, working with external financial institutions to recover potential fraud losses, and conducting a thorough investigation into suspicious activity and individuals/entities in accordance with Financial Crimes Enforcement Network (FinCEN) and regulatory guidelines. This position is Professional Level 2 and requires strong analytical, investigative, and writing skills. This role partners closely with SVB's Relationship Teams, AML Investigations, BSA Compliance, KYC/EDD, and Global Payments while working independently to drive individual and team results.
- Conducts time-sensitive investigations of alerted and referred transactions/clients for fraudulent activity, primarily involving Automated Clearing House (ACH) Originating (ODFI) and Receiving (RDFI) payments;
- Produces thorough but concise documentation of investigative findings including activity analysis, and decision rationale; and
- Engages with external financial intuitions to recovery potential losses.
Applicants should exhibit strong investigative, analytical, and writing skills. Must be able to exercise judgment within defined procedures and practices to determine appropriate action. Ability to manage multiple deadlines, while remaining timely with obligations is essential. The ability to work independently as well as contribute to the success of the Team. Communicating effectively with internal and external partners, clients, and various levels of management is essential. The following backgrounds are required:
- 3 years banking experience
- High School Diploma or equivalent required
- Bachelor's degree or comparable industry certification(s) including Certified Fraud Examiner, Accredited ACH Professional, or Accredited Payments Risk Professional preferred
- General knowledge of fraud detection, prevention, and investigative techniques
- In-depth knowledge of ACH ODFI and RDFI payments and NACHA operating rules and standards