BSA/Fraud Analyst - Westchase District

Smart Financial • Houston, TX

9d

About The Position

The primary duty includes conducting member/customer reviews utilizing the resources of the financial institution (system software, reports, databases, and system applications) analyzing and monitoring accounts and corporate structures for irregular transactions. Responsible for research preparation, investigations, and EDD reviews that are performed on members/customers. This position performs various quality control reviews and monitoring pertaining to the Bank Secrecy Act (BSA), USA Patriot Act, Anti-Money Laundering (AML) Program, OFAC, and Member/Customer Identification Program compliance using industry standard and regulatory guidance to ensure the financial institution's compliance efforts are maintained on a prioritized and scheduled basis.

Requirements

• Three years to five years of similar or related experience, including preparatory experience. Banking or Credit Union operations preferred.
• A two-year college degree or completion of a specialized course of study at a business or trade school equivalent to approximately 64 credit hours.
• A significant level of trust, credibility and diplomacy is required. In-depth dialogue, conversations and explanations with customers, direct and indirect reports and outside vendors can be of a sensitive and/or highly confidential nature. Communications may involve motivating, influencing, educating and/or advising others on matters of significance. Typically includes subject matter experts as well as first level to middle managers.
• Comply with all federal and state laws and regulations, and all established policies and procedures. Maintain current knowledge of all rules, regulations and laws as they apply to Information Security, Physical Security, and Operational Risk Management.

Nice To Haves

• Certified Bank Secrecy Act Professional (CBSAP) or similar certification preferred but not required.

Responsibilities

• Regularly monitor account and member/customer activity. Identifying potential AML, fraud, and BSA red flags. Makes recommendations on investigation conclusions and potential suspicious activity.
• File CTRs and draft SARs for BSA Officer review; file on a timely basis; address shortfalls in documentation provided by branch and operations staff and provide feedback to correct those shortfalls as needed.
• Responds quickly to reports received from business lines utilizing department standards and regulatory guidance; research any unusual activity identified at the branch and line of business levels by analyzing member activity and conducting investigations related to BSA potential violations.
• Follow up on any irregularities that come from newly opened accounts. Work with branch managers to resolve. Utilizes internal/external resources to investigate and analyze potential fraud and money laundering.
• Regularly run OFAC and 314a checks/verifications, researching any and all matches.
• Other duties and responsibilities as assigned.
• Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Benefits

• Smart Financial Credit Union offers a competitive salary and excellent top-tier benefits.
• Smart Financial Credit Union has a tuition reimbursement program; full-time employees can receive up to $4,000 per year in tuition reimbursement.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree