Commercial Deposit and Risk Operations Associate

Axos Bank

$70,304.00/Yr.

- $72,000.00/Yr.

Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.

Eligible for an Annual Discretionary Cash Bonus Target: 10%

Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 10%

These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.

The Commercial Deposit and Risk Operations Associate provides critical operational and risk management support to the Commercial Banking Operations and Risk teams. The Associate is responsible for safeguarding clients’ financial transactions and the bank from fraud and financial loss through proactive monitoring, real-time alert decisioning, and comprehensive fraud investigation. This role operates in a high-volume, time-sensitive environment and requires independent judgment, strong knowledge of banking regulations, and expertise in fraud risk management across multiple payment channels including wire, ACH, check, and instant payments.

Areas of responsibility include real-time wire and instant payment alert review, fraud investigation and case management, ACH operations and compliance, Positive Pay administration, and ongoing adherence to applicable banking rules and regulations. The ability to make sound risk decisions quickly, maintain operational integrity, and collaborate across teams is essential to this role.

• Monitor and assess payment transactions across Wire, ACH, Check, and Instant Payment channels for potential risks and fraudulent activities; respond to alerts and notifications in a timely and accurate manner to minimize client impact and financial loss
• Review and decision real-time Wire alerts in Verafin, including holding, analyzing, and releasing or rejecting flagged wire transactions in a time-sensitive environment in accordance with established risk guidelines
• Monitor and review Instant Payment send alerts in real time, applying fraud risk judgment to approve or elevate transactions in accordance with established guidelines
• Clear flagged ACH credit transactions in compliance with NACHA operating rules governing RDFI monitoring of incoming credits, ensuring timely and accurate decisioning
• Conduct and process comprehensive fraud investigations across ACH, Check, Wire, and Instant Payment channels, including client and counter party interviews, evidence discovery, transaction analysis, case documentation, regulatory reporting, and ongoing case management
• Perform ACH Debit Originator Review including return rate monitoring, remediation tracking, and credit utilization analysis to ensure compliance with NACHA operating rules and bank risk standards
• Review and handle ACH Returns, research requests, Proof of Authorization (POA) requests, and Late Return Claims in accordance with NACHA rules and internal procedures
• Administer the Positive Pay services, including exception research and decisioning; leverage Positive Pay data within Verafin investigations by matching item details to alerts and informing fraud disposition decisions
• Process Federal Reserve adjustments accurately and in accordance with established deadlines and procedures
• Communicate via phone, email, and written correspondence with bank employees, account holders, and other financial institutions to gather information, resolve disputes, and support fraud investigations
• Escalate suspicious activity via submission of Questionable Activity Reports (QARs) and support BSA/AML referral processes as appropriate
• Maintain a working knowledge of fraud prevention techniques, industry trends, and emerging payment fraud typologies across Wire, ACH, Check,…