Job Description
POSITION TITLE: BSA/AML Fraud Analyst
REPORTS TO: Assistant Vice President of BSA/AML
PAY GRADE: 10
DEPARTMENT: Enterprise Risk Management
FLSA STATUS: Exempt
PURPOSE: The BSA/AML Fraud Analyst position exists to fulfill the components of the credit union’s BSA/AML and fraud program, minimizing risk of loss through the analysis and review of member activity reports that have been identified as high risk. The position also supports the credit union’s Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and fraud program to ensure overall compliance.
This position exists to fulfil our member service pledge to every member, every time by delivering consistently high-quality service to both internal and external member.
CULTURAL EXPECTATIONS
Adheres to Financial Center’s Policy and Procedures
Acts as a role model within and outside Financial Center
Maintains a positive and respectful attitude
Communicates regularly with supervisor about department issues
Demonstrates flexible and efficient time management and ability to prioritize workload
Consistently reports to work on time prepared to perform duties of position
Meets Department productivity standards
Demonstrate enthusiastic support of corporate mission, core values and long term objectives
Performs daily assignments independently
Resolves questions or problems on the basis of past precedent and interpretation of policy and procedural guidelines
Work is reviewed for adherence to policies and procedures
ESSENTIAL DUTIES:
Review fraud and money laundering alerts generated by the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and fraud detection software for suspicious activity in the time frame allowed
Provide clerical and analytical support for the execution of the BSA/AML and fraud program
Responsible for watch list monitoring, including OFAC and 314a list.
Monitoring to ensure transactions are imported into the BSA/AML and fraud program monitoring software daily
Completes and files CTRs within regulatory requirements. Assists with SARs, fraud investigations and any other regulatory forms.
Updates profiles for expected activity as appropriate
Keeps supervisor informed of potential fraud, suspicious activity, losses and trends
May work with the Departments and law enforcement involving fraud cases incurred at the credit union
Reviews and tests new fraud software modules
Monitors and responds to fraud prevention work queue in time frame allowed
Other duties as assigned
REQUIRED BACKGROUND:
High school education or equivalent
Preferred five to ten year’s previous experience working in a similar support function, with a focus on fraud prevention and BSA/AML compliance
BSA Compliance Certification required or obtained within the first year
Must be tactful and have the ability to explain Credit Union policies, procedures, and services
Knowledge of applicable policies, procedures and regulations
Proficiency in the use of Microsoft Office products: Word, Excel and PowerPoint Must have the ability to perform detailed work and use problem-solving skills for complex issues
Must be able to effectively communicate, both oral and written
Must be able to maintain strict confidentiality of information
WORK ENVIRONMENT: The work requires physical mobility within the general work environment, continual communication with members, repetitive tasks and a high level of attention to security. The work is performed in a general office environment. Some travel may be required to the outlying branches. Financial Center First Credit Union
Job Tags
Flexible hours,