Description
- Follows-up and works in conjunction with team members to resolve any irregularities that come from newly opened accounts identified through internal systems. Utilizes internal/external resources to investigate and analyze potential fraudulent or suspicious activity. Conducts investigations as a result of accounts identified through analysis or in response to reports of unusual activity.
- Regularly runs OFAC and 314a checks, researching any and all matches.
- Answers calls received through the risk management department's phone system and assists, or reviews, as necessary.
- Assists team members with researching member accounts (account reviews, CIP, Wire Review, etc.) when questions arise (based on red flags).
- Assists with BSA/AML/Fraud/ OFAC/ alerts to case workflow.
- Reviews accounts for potential illicit activity based on scope of normal account activity in order to triage alerts before moving the case to a specific queue in the AI system.
- Conducts phone interviews and obtains information related to account activity as needed from both team members and credit union members alike.
- Recommends a course of action to BSA Office, based on findings from the BSA/ AML/ Fraud/ OFAC alert triage process.
- Presents potential SAR cases to BSA Officer; recommends File/Do Not File decisions based on analysis performed
- Prepares SAR documents and composes written narratives documenting account activity. Performs end- to-end investigations from alert to SARS filing.
- Prepares accurate and efficient processing of Currency Transaction Reports (CTRS).
- Performs accurate review of BSA/AML/ Fraud/ OFAC alerts with appropriate written decisioning.
- Conducts risk-based analysis/review of member files with certain BSA/AML risk attributes, such as presence of politically exposed persons, exposure to sensitive or sanctioned jurisdictions, usage of higher risk products, etc.
- Assists in conducting training classes (BSA/AML/ OFAC) to help educate team members of BSA regulatory requirements.
- Performs other BSA /AML/ OFAC duties, working closely with the Bank's BSA Officer and Compliance team, as assigned.
- Stays informed of developments in the fraud/BSA field affecting Credit Union operations. Completes projects as assigned.
- Promotes and establishes strong, positive and productive working relationships within the organization through commitment to the company's purpose, mission and core values.
Behaviors
Detail Oriented - Capable of carrying out a given task with all details necessary to get the task done well
Team Player - Works well as a member of a group
Education
Bachelors of Business Administration (preferred)
Experience
Computer proficiency with MS Office, including Word, Excel and PowerPoint, Internet, and Email. (required)
Understanding of regulatory requirements. (required)
Knowledge of types and detection methods for fraud and money laundering activities (required)
Fraud and/or BSA certification preferred. (preferred)
3 - 5 years: 3-5 years of related experience in a financial setting. (required)
Accuracy (required)Communication (required)Attention to Detail (required)Analysis (required)
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
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Georgia United Credit Union
Feb 19, 2025