• BSA/AML &Fraud Prevention Analyst

    Financial Center First Credit Union (Indianapolis, IN)


    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.