Bank Secrecy Act Specialist - (Hybrid) Anaheim - $
Company: Wescom Central Credit Union
Location: Anaheim
Posted on: August 2, 2022
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Job Description:
POSITION SUMMARY:
The role of the Bank Secrecy Act (BSA) Specialist is to identify
suspicious and fraudulent activity and preform investigations of
monetary fraud losses, prepare written analyses and reports in
support of the Credit Union's BSA Anti-Money Laundering (AML) and
Fraud programs under the direction of the BSA Officer. The fraud
prevention program is designed to protect the Credit Union and its
members from losses from financial crime.
This position is also responsible for monitoring and analyzing
reports for compliance with Bank Secrecy Act, Anti-Money Laundering
activity, OFAC and USA Patriot Act. Updates and maintains the
department procedures and originates and/or participates in special
projects as assigned by the BSA Officer.
ESSENTIAL POSITION FUNCTIONS:
The BSA Specialist must:
Assist the designated project owner of the Credit Union's AML,
check fraud and kiting detection system in configuring and
operating the system for optimal results including the processing
of cases/alerts generated by the system
Under the direction of the BSA Officer, deliver professional
communication and outreach to foster awareness regarding financial
crimes and suspicious activity trends
Be a self-starter and master of time management, consistently
sustaining high levels of productivity and quality in a fast paced
high volume environment.
Investigate and research cases/alerts and potentially suspicious
situations; efficiently arriving at sound risk based
conclusions
Clearly document and support judgments, decisions and rationale,
which will necessitate strong writing skills and the ability to
maintain files and records in accordance with business unit
standards
Demonstrate sound judgment and decision making in the context of
regulatory requirements, Credit Union policies, and industry best
practices
Apply project management and organization skills to a variety of
tasks; demonstrating flexibility and problem solving skills
Meets with department managers and/or vendors and attends training
classes as appropriate to become knowledgeable.Assists with the
implementation of the new procedures, equipment, etc. as
assigned
Performs other related duties as requested
Responsibilities will include case/alert processing, transaction
analysis, member due diligence reviews and special projects focused
on specific risks. The BSA Specialist will work closely and
collaboratively with the members of the financial crimes group and
Security Officer. Assign cases/alert may include but are not
limited to ATM/Debit card, credit card, new account, checks,
identity theft, elder financial abuse and loan losses. Prepares and
files reports with federal and local law enforcement agencies. May
also represent the credit union in criminal and civil
proceedings.
Responsible for all aspects of investigation of assigned
cases/alerts including documentation of interviews with witnesses,
suspects, other financial institution investigators and law
enforcement agencies. Assigned cases/alerts may be of moderate to
high complexity and/or high profile including internal employee
investigations and organized fraud rings.
Reviews and analyzes assigned cases/alerts to determine criminal
intent and proper jurisdiction for proper filing. Identifies state
or federal penal code violation.
Reviews and analyzes losses to determine if they are controllable
tor uncontrollable and the Credit Union policies that were not
adhered to. Prepares internal report for controllable losses with
recommendation to prevent further losses.
At conclusion of investigation, prepare case report summary on
fraud detection system. Prepares written reports to law enforcement
and/or regulatory agencies as required.
Identifies, utilizes, and recommends appropriate data-related
system resources to enhance investigative efforts and fraud
detection and/or prevention.
Conducts fraud detection and/or prevention classes/meetings for all
levels of Credit Union personnel and outside agencies as requested.
Represents the Credit Union at external financial investigator/law
enforcement functions.
Responsibilities also include preparing material for reporting by
senior management to the Credit Union's Board of Directors and/or
Supervisory Committee.
The BSA Specialist must continuously evaluate AML and fraud risks
and proactively identify methods to enhance risk mitigation. This
may require participating in the risk assessment of new products,
services, systems, or other material changes. The BSA Specialist
also follows emerging threats and keeps current with risk factors
to ensure appropriate controls (including implementation of new
technology) are in place to manage the level of risk.
Other duties, and special projects, may be assigned at the
discretion of the BSA Officer.
EDUCATION AND EXPERIENCE:
Bachelor's Degree or equivalent work experience in a financial
institution investigation field. Three to five years of experience
in the banking industry investigating all aspects of financial
fraud with moderate to high degree of complexity are preferred.
Knowledge of banking products, services, systems and workflows,
transaction processing applicable regulations, especially the Bank
Secrecy Act as amended by the USA PATRIOT Act; and financial crime
typologies including terrorist financing.
OTHER SKILLS AND ABILITIES:
Excellent oral and written communication skills.
Ability to solve practical problems and carry out responsibilities
with minimal supervision.
Must be logical, analytical and detail oriented.
Ability to plan and organize workload for effective
implementation.
Ability to compose documentation.
Computer proficiency with expertise in word processing
Able to work independently.
Professional appearance and demeanor.
COMPUTER SKILLS:
Proficient in Microsoft Applications (Word, Excel, PowerPoint,
Outlook). Proficient at learning new computer programs as
necessary.
PHYSICAL DEMANDS:
The physical demands described here are representative of those
that must be met by an employee to successfully perform the
essential functions of this job.
While performing the duties of this job, the employee is frequently
required to stand; walk; sit; use hands to finger, handle or feel;
reach with hands and arms, climb or balance, stoop kneel, crouch,
crawl; talk or hear and taste or smell. The employee must
occasionally lift and/or move up to 10 pounds. Vision abilities
required by this job include close vision, distance vision, color
vision, peripheral vision, depth perception and ability to adjust
focus.
WORK ENVIRONMENT:
The work environment characteristics described here are
representative of those an employee encounters while performing
functions of this job. The noise level in the work environment is
moderately quiet. It is a non-smoking environment.
The above job requirements are representative of minimum levels of
knowledge, skills, and abilities. The marginal functions have not
been included. Reasonable accommodations may be made to enable
individuals with disabilities to perform the essential
functions.
This job description in no way implies that these are the only
duties to be performed. An employee will be required to follow any
other job-related instructions and duties as requested by the
supervisor and/or management.
Keywords: Wescom Central Credit Union, Anaheim , Bank Secrecy Act Specialist - (Hybrid) Anaheim - $, Other , Anaheim, California
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