BSA/Fraud Analyst
Newburgh, IN Newburgh, IN Estimated:
$40.
1K - $50.
8K a year Estimated:
$40.
1K - $50.
8K a year 17 hours ago 17 hours ago 17 hours ago Start your career with Heritage Federal Credit Union! Are you seeking a fresh start or looking to embark on a new career path? If so, we have an opportunity waiting for you! Join our team at Heritage Federal Credit Union as a BSA/Fraud Analyst and experience a dynamic and fulfilling career.
It is a fun, caring environment, where what you do matters.
Under the direction of the Manager of BSA/Fraud and BSA Officer, the BSA/Fraud Analyst assists in all aspects of the Bank Secrecy Act (BSA) program and assists with various assignments supporting the BSA program of the credit union.
The position performs various quality control reviews and monitoring pertaining to the Bank Secrecy Act/Anti-Money Laundering Program, USA Patriot Act, OFAC, Customer/Member Identification Program (CIP/MIP), Beneficial Ownership, Customer/Member Due Diligence/Enhanced Due Diligence (CDD/EDD), and other regulatory compliance areas using regulations to ensure the credit union's compliance efforts are maintained on a daily basis.
What you'll do:
Detection of potential fraud across all payment channels by reviewing member accounts.
Review alerts from external sources and ensure appropriate actions are taken to mitigate fraud.
Investigates suspected internal and external fraudulent acts perpetrated against the credit union and assisting with BSA/AML related investigations.
Recommends or implements monitoring to prevent or detect possible fraud schemes and scenarios for areas with high fraud risk exposure.
Track and identify fraud trends by regularly monitoring reports for the Manager of BSA/Fraud and BSA Officer and management.
Report risk information and findings to the Manager of BSA/Fraud and BSA Officer in a timely manner, share information, and make suggestions for improvements to fraud operations.
Work with law enforcement and other external investigation organizations as appropriate.
Maintain and review the Monetary Instrument log to determine, based on analyzing the transaction report, if a SAR needs to be filed for any suspicious activity.
Files SAR reports as required.
Maintain incoming and outgoing wire transfer log for BSA record retention and review for any suspicious activity.
Scan and file any items related to record retention including but not limited to FACTA, supplemental forms and cash audit reports.
File SAR reports as required.
Ensure all Currency Transaction Reports (CTRs) are prepared accurately and submitted within required timeframes.
Ensure all initial and continuing SARs are prepared accurately and submitted within required timeframes.
Assist in the compliance responsibilities with 314(b) of the USA Patriot Act.
Review new accounts for compliance with the credit union's CIP/MIP, OFAC, and CDD/EDD requirements including new consumer and business account risk profiles.
Qualifications/Experience Required:
Associate's degree, with a concentration in Business Administration, Accounting, or Criminal Justice, or relevant work experience.
1-3 years progressive financial institution experience and/or experience in risk management, fraud, BSA, accounting, compliance, internal audit, law enforcement, or security procedures preferred.
Prior experience in BSA, fraud, accounting, compliance, legal, internal audit, or security procedures.
Detailed/advanced knowledge of BSA requirements.
Solid analytical, problem solving and critical thinking skills.
About Heritage Federal Credit Union Heritage Federal Credit Union offers financial products and services to anyone who lives, works, worships, attends school, participates in programs to alleviate poverty or distress, or participates in associations headquartered in; and businesses and other legal entities, incorporated and unincorporated organizations located in; or maintaining a facility located in Gibson, Posey, Warrick, Vanderburgh, Daviess, Knox, Spencer, Pike, Perry, Crawford, Clark, Floyd, and Harrison Counties in Indiana; and Henderson, Daviess, Hopkins, Hancock, Ohio, McLean, Webster, Union, and Crittenden Counties in Kentucky; and Lawrence, Wabash, White, Gallatin, and Hardin Counties in Illinois.
More information regarding Heritage Federal Credit Union can be located at heritagefederal.
org.
EOE.
Estimated Salary: $20 to $28 per hour based on qualifications.
$40.
1K - $50.
8K a year Estimated:
$40.
1K - $50.
8K a year 17 hours ago 17 hours ago 17 hours ago Start your career with Heritage Federal Credit Union! Are you seeking a fresh start or looking to embark on a new career path? If so, we have an opportunity waiting for you! Join our team at Heritage Federal Credit Union as a BSA/Fraud Analyst and experience a dynamic and fulfilling career.
It is a fun, caring environment, where what you do matters.
Under the direction of the Manager of BSA/Fraud and BSA Officer, the BSA/Fraud Analyst assists in all aspects of the Bank Secrecy Act (BSA) program and assists with various assignments supporting the BSA program of the credit union.
The position performs various quality control reviews and monitoring pertaining to the Bank Secrecy Act/Anti-Money Laundering Program, USA Patriot Act, OFAC, Customer/Member Identification Program (CIP/MIP), Beneficial Ownership, Customer/Member Due Diligence/Enhanced Due Diligence (CDD/EDD), and other regulatory compliance areas using regulations to ensure the credit union's compliance efforts are maintained on a daily basis.
What you'll do:
Detection of potential fraud across all payment channels by reviewing member accounts.
Review alerts from external sources and ensure appropriate actions are taken to mitigate fraud.
Investigates suspected internal and external fraudulent acts perpetrated against the credit union and assisting with BSA/AML related investigations.
Recommends or implements monitoring to prevent or detect possible fraud schemes and scenarios for areas with high fraud risk exposure.
Track and identify fraud trends by regularly monitoring reports for the Manager of BSA/Fraud and BSA Officer and management.
Report risk information and findings to the Manager of BSA/Fraud and BSA Officer in a timely manner, share information, and make suggestions for improvements to fraud operations.
Work with law enforcement and other external investigation organizations as appropriate.
Maintain and review the Monetary Instrument log to determine, based on analyzing the transaction report, if a SAR needs to be filed for any suspicious activity.
Files SAR reports as required.
Maintain incoming and outgoing wire transfer log for BSA record retention and review for any suspicious activity.
Scan and file any items related to record retention including but not limited to FACTA, supplemental forms and cash audit reports.
File SAR reports as required.
Ensure all Currency Transaction Reports (CTRs) are prepared accurately and submitted within required timeframes.
Ensure all initial and continuing SARs are prepared accurately and submitted within required timeframes.
Assist in the compliance responsibilities with 314(b) of the USA Patriot Act.
Review new accounts for compliance with the credit union's CIP/MIP, OFAC, and CDD/EDD requirements including new consumer and business account risk profiles.
Qualifications/Experience Required:
Associate's degree, with a concentration in Business Administration, Accounting, or Criminal Justice, or relevant work experience.
1-3 years progressive financial institution experience and/or experience in risk management, fraud, BSA, accounting, compliance, internal audit, law enforcement, or security procedures preferred.
Prior experience in BSA, fraud, accounting, compliance, legal, internal audit, or security procedures.
Detailed/advanced knowledge of BSA requirements.
Solid analytical, problem solving and critical thinking skills.
About Heritage Federal Credit Union Heritage Federal Credit Union offers financial products and services to anyone who lives, works, worships, attends school, participates in programs to alleviate poverty or distress, or participates in associations headquartered in; and businesses and other legal entities, incorporated and unincorporated organizations located in; or maintaining a facility located in Gibson, Posey, Warrick, Vanderburgh, Daviess, Knox, Spencer, Pike, Perry, Crawford, Clark, Floyd, and Harrison Counties in Indiana; and Henderson, Daviess, Hopkins, Hancock, Ohio, McLean, Webster, Union, and Crittenden Counties in Kentucky; and Lawrence, Wabash, White, Gallatin, and Hardin Counties in Illinois.
More information regarding Heritage Federal Credit Union can be located at heritagefederal.
org.
EOE.
Estimated Salary: $20 to $28 per hour based on qualifications.
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