Job Description
Performs investigations of suspicious activity on member accounts in compliance with the Bank Secrecy Act, Anti-Money Laundering, and Patriot Act. Ensures regulations set by the Financial Crime Enforcement Network (FinCen) are followed. Performs work critical to protecting the Credit Union from legal, regulatory risks, and reputation risks.
• Investigates suspicious activity on member accounts to protect the Credit Union from internal and external criminal activity with primary focus on Money Laundering, Patriot Act, and Bank Secrecy Act issues. Responsible for case management and data analysis from automated monitoring system, referrals, reports, and workflows.
• Completes written analyses and investigative summary reports. Compiles documentation and evidence, maintains accurate investigative notes, and produces referrals for prosecution where appropriate. Assists in coordination and preparation of documents for law enforcement.
• Completes accurate and timely Suspicious Activity Reports.
• Maintains a current understanding of the USA Patriot Act, Bank Secrecy Act, Office of Foreign Assets Control (OFAC), and related laws and regulations.
• Attends job-specific training classes as requested by manager. Completes annual BSA/AML compliance training and understands employee’s role in maintaining an effective BSA/AML compliance program, and completes FACT Act Red Flag training.
Minimum Education, Experience and Skill Requirements
• Bachelors degree in Business Administration, Finance, or a related field. (A comparable combination of work experience and training may be substituted for education requirements.
• 1 or more years previous work experience with a financial institution, preferably in fraud investigations or BSA/AML compliance.
• Bank Secrecy Act Compliance Specialist (BSACS) certification preferred, or must obtain within 6 months of job start date.
• Able to prioritize tasks, deal effectively with competing and changing priorities, and meet deadlines. Accurate, detail-oriented, and organized. Able to analyze and resolve routine problems and situations.
Basic knowledge and understanding of Credit Union products, services, policies, and procedures pertinent to the job.
• Basic knowledge and understanding of regulatory compliance necessary to successfully perform job responsibilities.
• Basic knowledge and understanding of all Credit Union computer systems and software applications required to perform job duties.
• Good verbal and written communication skills and interpersonal skills in order to interact professionally and effectively with members, staff, vendors, and government regulators. Able to explain fact, policies, and practices.
• Work is closely supervised.
* Bachelors degree in Business Administration, Finance, or a related field. (A comparable combination of work experience and training may be substituted for education requirements. * 1 or more years previous work experience with a financial institution, preferably in fraud investigations or BSA/AML compliance. * Bank Secrecy Act Compliance Specialist (BSACS) certification preferred, or must obtain within 6 months of job start date. * Able to prioritize tasks, deal effectively with competing and changing priorities, and meet deadlines. Accurate, detail-oriented, and organized. Able to analyze and resolve routine problems and situations. Basic knowledge and understanding of Credit Union products, services, policies, and procedures pertinent to the job. * Basic knowledge and understanding of regulatory compliance necessary to successfully perform job responsibilities. * Basic knowledge and understanding of all Credit Union computer systems and software applications required to perform job duties. * Good verbal and written communication skills and interpersonal skills in order to interact professionally and effectively with members, staff, vendors, and government regulators. Able to explain fact, policies, and practices. * Work is closely supervised. At least 1 year experience. Employment Type: Full-Time