AML/CFT Officer

IH Mississippi Valley Credit Union•Moline, IL

4d•Hybrid

About The Position

Join our Risk Management Team at IHMVCU! At IHMVCU we are committed to delivering personalized, community-centered financial solutions that help our members achieve their goals. We believe in the power of relationships and the importance of making a meaningful impact in the communities we serve. Our Risk Management leadership is recruiting for an AML/CFT Officer to join the team at our beautiful headquarters located on River Drive in Moline, IL. This can be a hybrid role after successful onboarding, with three days per week in office. As the AML/CFT Officer, you will strengthen the BSA/AML program by reviewing and analyzing system generated alerts for potentially illegal or fraudulent transactions, and fielding inquiries on fraud and suspicious activity issues from other team members. Acts as the primary Anti-Money Laundering/Countering the Financing of Terrorism Officer for the credit union. This role exists to protect members, reduce regulatory exposure, and support sound risk governance.

Requirements

College degree preferred or equivalent experience
Minimum 3-5 years of related experience in a financial institution
Minimum 1-2 years of fraud and anti-money laundering experience is required
Ability to identify trends early on and gather information to support possible action items
Strong investigative, written documentation, and verbal communication skills
Professional judgment in stressful or confrontational situations
Ability to apply critical thinking and balanced decision making in complex or ambiguous situations
Ability to handle a variety of task with accuracy
Ability to adapt in a fast-paced environment and support changing business needs

Nice To Haves

Experience with Verafin fraud monitoring software is highly preferred

Responsibilities

Oversee BSA/AML/CFT monitoring and case disposition standards
Lead suspicious activity investigations and determine appropriate escalation/filing
Maintain enterprise risk assessments, policies, procedures, and internal controls
Partner with internal stakeholders to improve controls and address emerging trends
Produce clear, audit-ready documentation and reporting for leadership and exams
Keep up to date with current fraud trends in the financial services industry. Establish procedures that will assist in identifying persons committing crimes against the credit union and preserve evidence that may aid in their identification or prosecution, including surveillance video
Develop and maintain strong working relationships with team members, vendors and outside law enforcement to assist in the development of strategies and controls to detect fraud and minimize losses. Submit and respond to 314-b requests for information sharing with other financial institutions