AML/Fraud Risk Specialist

Coreplus Federal Credit Union•Norwich, CT

just now•Onsite

About The Position

Under the supervision of the Bank Secrecy (BSA) Officer and in compliance with established policies and procedures, performs a variety of tasks and prepares reports associated with the Bank Secrecy Act, the USA PATRIOT Act, transaction monitoring, Customer Due Diligence, and Office of Foreign Asset Control (OFAC) requirements.

Requirements

Bachelor’s degree or equivalent work experience.
Three (3) years’ experience working in a financial services or fraud prevention environment. One (1) year of back-office deposit account experience is preferred. Customer/member service experience a plus.
Previous experience in transaction monitoring and/or identifying fraud and money laundering.
Working knowledge of compliance regulations governing BSA/AML, USA PATRIOT Act, OFAC, Rec CC, Reg E, and Reg GG.
Exceptional writing, communication, and organizational skills.
Strong critical thinking, problem-solving, communication, written, verbal and presentation skills.
Ability to handle multiple tasks, excellent problem-solving skills, ability to set goals.
Positive and professional attitude.
Strong knowledge of back-office, deposit account operations. Has the ability to compile and analyze data, balance figures, and provide accurate, detailed reporting.

Nice To Haves

Certified Transaction Monitoring Associate (CTMA) or equivalent certifications, preferred.

Responsibilities

Reviews and acknowledges alerts from transaction monitoring system and escalates alerts as needed.
Assists in the identifying and monitoring of high-risk members and high-risk activities.
Works assigned cases involving unusual activity and fraud, culminating with detailed, accurate, and concise case summaries which may be used for Suspicious Activity Reports.
Assists with compliance regarding CIP, CDD, including beneficial ownership for legal entities, and EDD for high-risk members.
Assists with the review and remediation of potential OFAC and PEP screening matches.
Assists with regular tracking of monetary instruments and reporting requirements including Currency Transaction Reports.
Assists in compliance with 314(a) and 314(b) (PATRIOT Act) responsibilities.
Conducts and assists with departmental projects. May consist of researching, preparing and creating presentations for staff or members.
Acts as a resource for credit union staff regarding general compliance questions and risk mitigation.
Other duties as assigned, but not limited to, cross-training within the Compliance and Risk department.
Occasional weekend or after-hours availability may be required but limited.