FRAUD DETECTION INVESTIGA

WHAT IS THE OPPORTUNITY?

Responsible for the research, analysis, investigation and resolution of fraudulent activities and any resulting Potential Suspicious Activity Referrals and filing of SARs. Review account records and/or transactions involving potential fraudulent activity submitted to Corporate Security in accordance with the Bank Secrecy Act. Monitors and samples KYC/EDD/Compliance files and SAR Investigation files to identify Ponzi activities, investor fraud, pyramid schemes, kiting and other criminal activity. Use fraud detection alerts and other potential indicators of client fraud, to conduct investigations into potential fraudulent activities. May oversee and provide guidance to other Corporate Security colleagues in the preparation of Suspicious Activity Reports (SAR) and submitting data to FinCEN. Partner with other department investigators and collaborate on Investigations which may include internal matters.

Legal and Corporate Administration Group
Make a meaningful difference as a member of City National's Legal & Corporate Administration Group, the area of the bank that manages legal and corporate governance, community reinvestment, corporate premises and corporate security.

WHAT WILL YOU DO?

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  Prepares all Suspicious Activity Reports of the activity identified as suspicious or fraud related. Is the primary person responsible to maintain the records of reported activity as required under the Bank Secrecy Act.
• Develops, implements, and manages the investigation of SARW’s and related fraudulent activity. Prioritize focus toward areas identified as having the highest levels of risk to the company.
• Responsible for monitoring and sampling of KYC/EDD/Compliance files and SARW/SAR files to identify Ponzi activities, investor fraud, pyramid schemes, kiting and other criminal activity.
• Responsible for immediate escalation of any possible Ponzi/Investor fraud case to Manager of Investigations upon earliest identification.
• Obtains further documentation as required for the analysis from appropriate areas and resources.
• Ensures that all assigned files identified as potential Ponzi/Fraud are reviewed, analyzed and investigated in a timely manner.
• Conducts internal and external investigations and interviews relative to potential colleague involvement in criminal and/or unethical activities.
• Works closely with Human Resources and Legal, providing detailed investigative notes.
• Acts as liaison with other areas of the Bank and law enforcement agencies as needed.
• Maintains close liaison with law enforcement, other financial institution investigators to expedite exchange of information and elicit their assistance.
• Analyzes and evaluates compliance risks and recommends changes to policies and procedures.
• Makes recommendations to appropriate business unit regarding the closing of accounts or other actions that may be necessary to mitigate the risk to the Bank.
• Maintains up-to-date knowledge of Bank policies and procedures. Complies fully with all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Code of Conduct, etc.).
• Acts as a lead and resource for colleagues with less experience, overseeing, guiding and directing the day to day activities and can assume the duties of the Manager in the Managers absence when needed.
• Serves as resource to internal and external customers; ensures quality customer service and effective and efficient operational support.
• Applies both technical and general business knowledge to resolve the most complex issues in assigned function.
• Ensures compliance with specified CNB compliance guidelines.
• Submits completed file of SARs to FinCEN within established timeframe.
• Establishes and maintains case files and obtains required documentation.
• Monitors and follows up on open cases.
• Prepares summary reports.
• Attends internal and external meetings, seminars, workshops, etc. to expand professional expertise.
• Identifies and addresses compliance training needs by partnering with business areas and Compliance Training Manager.
• Integrates activities with other departments to accomplish common goals.
• Maintains up-to-date knowledge of Bank policies, procedures and industry best practices.
• Ensures compliance with all Bank policies and procedures and applicable regulations with assigned areas.
• Other duties as assigned.
  

WHAT DO YOU NEED TO SUCCEED

Must-Have*

• Minimum 4 years of experience with investigations, banking operations, government regulations
• Minimum 4 years of experience with cyber fraud, financial investigations and forensic accounting
• Minimum 4 years of experience in preparing suspicious activity reports (SARS)
  

Skills and Knowledge

• Requires in-depth knowledge and experience. Must have excellent knowledge of investigations, banking operations, government regulations, and account reconcilement.
• Strong knowledge of SAR requirements.
• Knowledge of bank policies and procedures and regulatory requirements with specific emphasis on BSA and USA Patriot Act.
• Knowledge of Criminal Law and regulations.
• Background and knowledge of complex financial investigations and Forensic Accounting.
• Certified Anti-Money Laundering Specialist (CAMS) and/or Certified Fraud Examiner (CFE) preferred.
• Cyber Fraud knowledge and experience required.
• This position generally has expertise in more than one specific technique or investigative process.
• Applies subject matter knowledge; requires capacity to understand specific needs or requirements to apply skills/knowledge.
• Provides guidance to unit staff regarding SAR questions and filings.
• Presentation and public speaking skills required.
• Excellent problem solving and analytical skills required.
• Excellent verbal and written communication skills required to interact with all levels of personnel, clients and outside contacts.
• Excellent interpersonal/customer service skills.
• Excellent leadership skills, able to interact effectively with management and staff at all levels.
• Works independently; receives minimal guidance, under limited supervision.
• Solves complex problems; takes a new perspective using existing solutions.
• Ability to analyze complex situations and provide guidance, makes recommendations, and/or escalates the issues.
• Ability to handle problem situations with colleagues and clients effectively.
• PC skills required. Experience using Microsoft Word, Excel and Access required
• Ability to proofread and edit documents.
• Excellent organizational, time management and analytical skills.

Compensation

Starting base salary: $82,601 - $104,065 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

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  To be considered for this position you must meet at least these basic qualifications

The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.

ABOUT CITY NATIONAL

We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.

Positions based in New York City:
In order to work on-site at City National Bank in New York City, you must be fully vaccinated against COVID-19, per city requirements. Shortly after your start date, you will be required to attest to your vaccination status and will be required to provide proof of vaccination.