Come join Cathay Bank and be a part of a successful organization that values Integrity, Strategic and Effective Leadership, Exceptional Employees, and Extraordinary Services to Customers. Our employees play an integral part of our missions to be a bank with an open door and the premier financial partner to our customers and assist them in reaching their financial goals and dreams!
In 1962, Cathay Bank opened for business with the mission of providing financial services to the growing but underserved Chinese-American community in the greater Los Angeles area, thus becoming the first Chinese-American bank in Southern California. Recognizing that the community it served was part of a more diverse one, Cathay Bank adopted the motto "An Open Door for All." Its rapid expansion was fueled by successive waves of immigration, burgeoning trade between America and Asia, and the economic development of the surrounding community.
Today, Cathay Bank is a subsidiary of Cathay General Bancorp (NASDAQ: CATY), a publicly held bank holding company with over $11.5 billion in assets as of December 31, 2014. Its service network extends from California and Washington on the West Coast to Nevada, Texas, and Illinois, and New York, New Jersey, Maryland, and Massachusetts on the Eastern Seaboard. Overseas, it has a presence in the three important commercial centers in the Asian-Pacific Rim - Hong Kong, Taipei and Shanghai.
Under some supervision and following established policies and procedures, the Deposit Fraud Analyst is responsible for performing investigations related to potential losses and/or suspected fraud and mitigating fraud losses and risk for the retail deposit network.
- Research, analyze and investigate fraud attempts and losses, including potential criminal activity. Assist with investigating circumstances related to claims of unauthorized activity that represent a potential loss.
- Review wire transfer transactions for potential fraud; perform research and obtain wire validations.
- Monitor customer transactions to identify unauthorized transactions and fraudulent activity such as account take-over, identity theft, kiting, check fraud, and other similar risks.
- Communicate with branch and other department employees to determine facts and to obtain statements and appropriate documentation.
- Evaluate and determine the type of governing financial code applicable to the fraud or potential fraud being investigated.
- Prepare and send written communications and documentation, including breach of warranty and payment demands and hold harmless and indemnity agreements.
- Communicate with other financial institutions, entities, individuals or local, state and federal enforcement agencies to resolve incidents of fraud or potential fraud and to mitigate losses.
- Maintain investigative notes, prepare investigative summaries and maintain tracking and reporting record of investigations.
- Associate’s degree preferred or equivalent banking experience in a related field required.
- Minimum of 2-3 years investigating fraud and mitigating fraud losses in a financial institution. Very good knowledge of Uniform Commercial Code (UCC) and other state and federal regulations pertaining to financial fraud.
- PC proficient with strong analytical skills. Ability to communicate effectively and professionally. Excellent organizational skills and ability to prioritize multiple assignments and to meet required timelines.