Senior BSA/Fraud Specialist
Company: GreenState Credit Union
Location: North Liberty
Posted on: January 16, 2022
This position assists with the duties of the BSA/Fraud Officer.
This position is responsible for reviewing analyzing and
investigating system generated alerts for potentially illegal or
fraudulent transactions, responding to escalated calls and emails
on fraud and suspicious activity issues from operational
departments and investigating leads from internal and external
sources with proper follow-up and documentation. This position is
responsible for the filing of Currency Transaction Reports (CTRs)
as well as initial filing, refiling and final queue of Suspicious
Activity Reports (SARs). This position will provide superior member
service to internal staff and external members while monitoring and
assisting in fraud investigations, while also helping ensure Credit
Union compliance with Bank Secrecy Act regulations.
At GreenState, we exist to create lasting value for those we serve.
We do this by putting immense value into our employees, members and
communities. We empower our employees to create endless
opportunities, which will then impact the lives of our members and
enhance the vitality of our communities.
Salary range for this position is $57,058.20 - $85,587.30, with a
progressive benefits package.
ESSENTIAL DUTIES AND RESPONSIBILITITES: Performs essential duties
and responsibilities in the following areas which may include, but
are not limited to those listed and are subject to change:
Adheres to the Credit Union's core values and Service Standards in
carrying out GreenState's mission and vision.
Demonstrates a positive member service (internal and external)
focus at all times.
Demonstrates teamwork in all interactions with coworkers and in the
completion of all duties and responsibilities.
Ensures confidentiality of member information.
Supports a diverse and inclusive work environment.
Plays a vital role in enriching the community by participating in
community service organizations and/or Credit Union sponsored
events on an annual basis.
Displays thorough knowledge and understanding of the Credit Union's
financial products, services, members, and geographic locations,
and the potential money laundering and terrorist financing risks
associated with those activities.
Assists with the duties of the BSA/Fraud Officer.
Provides internal support to BSA/Fraud Specialist I and BSA/Fraud
Specialist II for escalation issues and situations.
Reviews and analyzes card and fraud alerts provided by the Verafin
monitoring system that identifies deposit accounts that may be
engaging in or being targeted for illegal and/or fraudulent
Investigates, using analysis and judgement, to determine which
course of actions may be appropriate to limit potential losses to
both GreenState and our members. This includes but is not limited
to; check kiting, inactive accounts, new accounts, stolen check
fraud, debit card fraud, remote banking fraud, and suspicious
activity reports, watch lists, and risk management.
Manages escalated calls, emails, and inquiries on fraud account
issues from operational and frontline departments. Advise frontline
staff on resolution of fraud account issues.
Manages escalated calls, emails and inquiries from operational and
frontline departments concerning questions with BSA related
requirements and processes.
Reviews and analyzes Currency Transaction Reports (CTR) for
accuracy and timely Regulatory filings.
Submits complete CTR's.
Reviews, analyzes, and investigates alerts generated by the
monitoring system for potential money laundering, BSA violations,
terrorist financing and other financial crimes.
Submits completed Suspicious Activity Reports (SARs).
Reviews completed SARs and queue for submission to FinCEN.
Works with operations units to investigate transactions that are
suspicious in nature.
Monitors and reviews FinCEN 314(a) requests on a bi-weekly and as
Reviews and analyzes potential hits of member database against OFAC
watchlists. Provides expertise and advice to operations staff
regarding potential OFAC watchlist hits.
Ensures the Credit Union's compliance with BSA member
identification program regulations by monitoring and reviewing high
risk accounts as necessary and aiding in training operations staff
in required due diligence procedures.
Continues to build proficiency of BSA techniques and AML principles
by attending training, and continuing education courses as
Work with Training Department and assist in staff training on
relevant BSA and fraud topics.
Other duties as assigned by management.
Two year college degree or completion of a specialized course of
study or certification in related field along with a minimum of
five years of banking or BSA/AML/Fraud related experience.
Reports to work punctually, works all scheduled hours, and works
overtime as necessitated by business demand.
Ability and desire to interact with co-workers to develop positive
and effective working relationships in all areas of Credit Union
Strong interpersonal and persuasive skills to represent the Credit
Union in a positive way during periods of stressful member
Interpersonal skills necessary to gather data from a number of
sources and to represent positively the Credit Union during such
Ability to effectively analyze information and situations in the
course of reviews and investigations.
Ability to prioritize assignments and organize work efficiently, to
handle large volumes of details.
Ability to quickly adapt to and analyze a wide variety of
potentially sensitive situations involving member accounts and
Ability to work independently.
Accuracy and attention to detail required.
Strong computer literacy and knowledge of computer software (MS
Must be bondable.
Keywords: GreenState Credit Union, Cedar Rapids , Senior BSA/Fraud Specialist, Other , North Liberty, Iowa
Didn't find what you're looking for? Search again!