Fraud, Anti Money Laundering and BSA Analyst

Job Description

Job Description

Salary : $23 / hr

About Us

Credit Unions are not-for-profit organizations that exist to serve their members rather than to maximize profits. As a member-owned institution, our focus is on providing a safe place to save and borrow at reasonable rates! That is why our mission at Mid American Credit Union is to be the best choice for quality financial services, above and beyond all other alternatives.

Who Should Apply

Mid American Credit Union is looking for individuals that like to be challenged, rewarded and inspired! This job is perfect for self-motivated, quick thinkers with unmatched problem solving skills.

Are you ready to be a part of a team that exceeds member expectations every day?

What You'll Do

Work, review, and analyze fraudulent and suspicious activity, to include working with the internal MACU team, members, law enforcement, and others.

The BSA Analyst will use various monitoring systems and reports to identify suspected fraudulent or suspicious activity, along with completing other tasks as they relate to the compliance items such as, but not limited to BSA and OFAC.

Research and take appropriate measures to validate transactions, prevent a loss, and report as necessary. Responsible for contributing, coordinating, and executing projects with a focus on initiatives involving FRAML and BSA.

Provide support, testing, and product knowledge for projects. Attend and participate in calibration meetings. Monitor and track progress of project developments.

Assist in training opportunities with credit union employees on FRAML and BSA topics. Work closely with necessary internal departments, vendors, and members to ensure all compliance and due diligence is properly completed.

Responsible for reviewing and analyzing transactions, accounts, activity, and alerts across all system platforms for, but not limited to, fraud, money laundering, currency transactions reporting, and suspicious activity.

Ensure cases and reviews are effectively managed from end to end through the collection of evidence, conducting interviews (internally, with members, law enforcement, and others), creation of reports, maintaining accurate and complete notes, and the submission of accurate and timely reports (SARs, CTRs, MILs, and mandated reporting).

• Collaborate with Director, Operations and Compliance to coordinate finding or needed action, such as, but not limited to, members warranting potential CTR exemption or members acting as a Money Servicing Business.
• Serves as subject matter expert and work with management to identify, develop and implement strategies for improved efficiencies in processes related to FRAML and BSA.

Responsible for coordinating and executing projects with a focus on initiatives involving, but not limited to, FRAML and BSA.

Provide support, testing, and product knowledge for these projects. Attend and participate in calibration meetings. Monitor and track progress of project lifecycles.

Create status reports as designated.

Problem solve and escalate appropriately to resolve issues encountered as they relate to assigned projects and tasks. Proactively identify risks and coordinate mitigation plans to minimize impacts.

Collaborate and build good working relationship with vendors and internal team members.

Demonstrate a proficiency in the processes associated with OFAC, 314a searches, 314b sharing, reporting, and escalations for OFAC or 314 suspects.

Perform ADD / CDD / EDD / SDD reviews and other risk alerts or analysis.

Understand regulatory landscape and compliance requirements; with emphasis on applicable BSA / AML requirements including customer identification procedure, due diligence best practice, sanction screening requirements, and anti-money laundering protocols.

Provides branches and departments with guidance on fraud related issues. Assists in the development of new and / or updated policies and procedures related to BSA, AML, OFAC and the USA Patriot Act.

Assist in training opportunities with credit union employees on FRAML and BSA topics. Work closely with necessary internal departments, vendors, and members to ensure all compliance and due diligence is properly completed.

Must be willing to attend and participate in training, which may include travel, to develop knowledge, skills, and certifications, as required for this position.

Must comply with all company policies and procedures, applicable laws and regulation including but not limited to BSA, Patriot act, and OFAC.

Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Assist team with non-standard postings such as error corrections, card disputes, documentation for audits, examines, and year-end processes, and other complex file maintenance activity.

Back up needs in Operations department.

Cultural Responsibilities

Committed to being part of the Mid American team! Show commitment to learning and growth. Consistently demonstrate a positive attitude and strong interpersonal skills during interactions with co-workers and members.

Be able to work individually as well as with a team. Embrace change and be able to think of new ideas to assist our members.

Demonstrate financial responsibility and professionalism.

What You Need to Get the Job Done

• A two-year college degree or two years of equivalent experience in BSA / AML, fraud, or related activity.
• Two years to five years of similar or related experience.
• Knowledge of Bank Secrecy Act compliance and various money laundering typologies. Previous experience writing and / or reviewing regulatory filings.

Knowledge of CU functions & departments, and interactions between primary systems, vendors, and software.

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to work in a fast-paced environment

and adjust quickly as things change. Ability to present information to groups.

• Courtesy, tact, and diplomacy are essential elements of the job.
• Proficient with Microsoft Office applications; understanding of databases. Strong written and oral communication skills.
• Ability to self-initiate. Excellent time management skills and the ability to work both independently, with limited supervision, and as a member of a team.

Physical Requirements

• Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 20 lbs. Must be capable of climbing / descending stairs in emergency situation.
• Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours whenever required or requested by management.

Must be capable of regular, reliable and timely attendance.

• Must be capable of travel by automobile (as driver and passenger), commercial airlines, rental vehicles and public transportation and be able to lodge in public facilities.
• Must be able to perform responsibilities with composure under the stress of deadlines requirements for extreme accuracy and quality and / or fast pace.

Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on both internal and external confidential matters.

What You'll Love About Us

• A Company that Cares. We are more than a financial institution; we give back to our community. We teach financial literacy and donate to and support local organizations.
• Work that Stays at Work. Genuine work / life balance served here!
• Rest and Relaxation. Paid vacation time and paid holidays!
• Health Benefits. Medical with HSA and FSA options, dental, and vision.
• Prepare for the Future. 401(k) with a generous company match.
• Invest in YOU. Tuition Reimbursement Program.

An Equal Opportunity Employer

Because our team members are trusted to handle sensitive information, we require all candidates that receive and accept employment offers to complete a background check before being hired.

This company participates in E-Verify

The Right to Work

Este Empleador Participa en E-Verify

El Derecho a Trabajar