BSA & Fraud Analyst II

Kirtland Federal Credit Union•Albuquerque, NM

14d•Onsite

About The Position

The BSA & Fraud Analyst II is responsible for safeguarding the credit union staff, management, volunteers, and membership from illicit activities by conducting in-depth monitoring, investigation, and analysis of financial transactions to detect and prevent fraud, money laundering, and other financial crimes. This role ensures adherence to critical regulatory requirements including the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), and the Patriot Act, The analyst also ensures compliance with the National Automated Clearing House Association (NACHA) operating rules, as well as guidelines related to Member Due Diligence (MDD) and Member Identification Program (MIP) regulations and guidelines. Additionally, the role involves providing training and support to staff.

Requirements

Certified Bank Secrecy Act Professional (CBSAP) required, or ability to earn within 18 months.
Associate degree preferred
High School Diploma required
Three-year financial institution experience Member Service Experience or Teller experience highly preferred but not required
Knowledge of BSA compliance Knowledge of other related rules and regulations
Knowledge of BSA automated monitoring software
Knowledge of financial institution core system software
Knowledge of credit union policies/procedures
Moderate to high level of skills in the use of Word & Excel
Must maintain knowledge of the rules and regulations for BSA, USA Patriot Act, and OFAC, and NACHA) regulations and rules.
Ability to maintain a high degree of integrity and confidentiality
Excellent oral, written and presentation skills
Strong critical thinking skills
Ability to multi-task with consistent accuracy
Excellent analytical skills
Interpersonal skills and ability to work well with members/staff

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.