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Kirtland Credit Union · 1 month ago

BSA & Fraud Analyst II

Albuquerque, NM

Full-time

Onsite

Mid Level

3+ years exp

Kirtland Credit Union is a financial institution dedicated to employee growth and development. They are seeking a BSA & Fraud Analyst II responsible for monitoring and investigating financial transactions to prevent fraud and ensure compliance with regulatory requirements.

Banking

Responsibilities

Assumes responsibility for assisting in implementing, maintaining, and monitoring the credit union’s Bank Secrecy Act compliance program to ensure conformity and adherence with all applicable state and federal laws and regulations

Performs quality controls reviews and monitoring pertaining to the BSA, AML, OFAC, MDD, and MI compliance using industry standard and regulatory guidance

Research, analyze, and investigate member account behavior for potential suspicious activity and/or money laundering; track trends and detect unusual activity or behavior; monitor large currency activity and transactions

Review branch currency transaction report (CTR), negotiable instruments, update Monetary Instrument Logs and e-file to FinCEN in a timely matter

Review changes in account balances, cash structuring in deposits, loans payments, certificate of deposit purchases, wire and ACH processing - determine if transactions are suspicious in nature

Conduct comprehensive, in-depth investigations into suspicious activity and fraud referrals, analyzing complex accounts and transaction patterns to detect and disrupt financial crime

Upon reviewing unusual activities, determine if suspicious activity report (SAR) should be filed with the Financial Crimes Enforcement Network (FinCEN)

Compile data, create narrative and file SAR within regulatory time frame, maintain proper records and files to ensure efficient and consistent reporting of all suspicious investigations

Create a monthly Board of Directors SAR report and act as back up for BSA Fraud Manager

Assumes responsibility for management of the dormant accounts and escheatment of abandoned member property

Identify high risk members and accounts at account opening and risk rates as appropriate

Recognize and escalate high risk suspicious activity to BSA & Fraud Manager

Assists BSA & Fraud Manager with FISOA Alerts, Access Cards, and research

Responsible for forwarding FISOA Alerts to an established FISOA list of employees within the credit union

Responsible for creating an access card for new employees. Access level is set according to job description. A card is removed from the system due to damaged, lost, stolen or termination of employment. Any damaged, lost, or stolen are reissued a new card. This duty was given back to Security

Qualification

BSA complianceAML knowledgeFraud investigationCBSAP certificationBSA automated monitoring softwareFinancial institution softwareWord & Excel proficiencyAnalytical skillsMulti-tasking abilityInterpersonal skillsCritical thinkingPresentation skills