BSA & Fraud Officer

Horizon Credit Union•Spokane Valley, WA

1d•$80,500 - $124,775•Onsite

About The Position

The BSA & Fraud Officer serves as Horizon Credit Union’s designated Bank Secrecy Act Officer and is responsible for the overall administration, oversight, and effectiveness of the Bank Secrecy Act (BSA)/ Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) compliance programs, as well as oversight of Horizon Credit Union’s fraud risk management program. This role works collaboratively with internal departments to continuously identify, assess, and evaluate money laundering, terrorist financing, sanctions, cyber enabled fraud, and traditional fraud risks, ensuring these risks are managed in accordance with applicable laws and regulatory expectations. The BSA & Fraud Officer provides independent oversight, analysis, and guidance to support the timely detection, investigation, escalation, and reporting of suspicious or potentially fraudulent activity, and serves as a liaison with regulators, examiners, and law enforcement. The BSA Officer must have sufficient authority, independence, expertise, and access to resources to administer and oversee an effective BSA/AML compliance program.

Requirements

Bachelor’s degree required
advanced degree or certification (CAMS or equivalent) preferred
Minimum 7 years of BSA/AML experience, including leadership or program oversight responsibility.
Credit union or financial institution experience required.
Experience with AML monitoring systems (Verafin preferred).
Experience leading teams preferred.
Equivalent combination of education and experience will be considered.
Working knowledge of most MS Office applications, including expertise with Word & Outlook.
Ability to clearly explain complicated procedures in simple and understandable manner. (both oral and written).
Able to resolve problems by creative and logical thinking.
Attention to detail along with strong written, oral communication and organizational skills.
Exceptional organizational and analytical skills; demonstrated skills in critical thinking, problem-solving and ability to manage changing priorities.
Ability to adapt to changing regulatory or operational demands.
Self-directed and possess the ability to work both independently and collaboratively and balance competing priorities.
Ability to converse with others, detect sound, identify and detect objects, count, read, write, operate a computer, handle and feel objects, reach with hands/arms and be stationary and/or stand and/or move for long periods of time.
Occasionally an employee will lift/pull/push and carry up to 25 to 50 pounds, stoop, kneel, crouch, crawl, climb and be able to maintain balance doing these activities.
Position requires sound reasoning, good judgment and ability to apply knowledge toward work activities.

Nice To Haves

advanced degree or certification (CAMS or equivalent) preferred
Verafin preferred
Experience leading teams preferred

Responsibilities

Collaborate across functions to support fraud and potential BSA implications, including cyber and online banking fraud.
Build strong relationships with the Information Security Officer and Digital Banking teams to ensure coordinated efforts in managing fraud-related risks.
Partner with branch teams, training, operations, enterprise risk management, accounting, collections, lending, IT, and leadership to identify and evaluate financial crime and fraud risks.
Promote a strong culture of compliance, collaboration, accountability, and risk awareness throughout the Credit Union.
Provide guidance and support to departments in fraud situations, including information gathering, case escalation decisions, and coordination with law enforcement.
Provide direct oversight of the BSA team, including BSA/Fraud Specialists, ensuring appropriate workload distribution, performance management, and development. Provide coaching, guidance, and subject matter expertise to BSA staff to ensure consistent, high-quality investigations and documentation.
Experience providing written and verbal performance feedback, in support of ongoing coaching of team members.
Conducts reviews, coaches, and mentors staff.
Demonstrates a clear commitment to ongoing leadership development.
Facilitate BSA team outreach to foster trust, reinforce risk awareness, and support consistent application of BSA and fraud controls across the Credit Union.
Oversee transaction monitoring and alert governance, including ongoing review of system effectiveness, thresholds, and alert trends.
Review, assess, and make final determinations on whether suspicious activity warrants filing a Suspicious Activity Report (SAR), including complex or high risk cases.
Assist the BSA team, when needed, to conduct investigations that require excellent judgement and discretion.
Utilize multiple tools, resources and sources of information to make appropriate determinations regarding Credit Union responsibility and actions.
Analyze alerts, cases, SAR data, fraud losses, and monitoring outputs to identify systemic issues, control gaps, and evolving risk patterns.
Interpret regulatory guidance, enforcement actions, and industry trends to assess potential impact on the Credit Union’s risk profile.
Support and contribute to periodic updates of the BSA/AML/OFAC Risk Assessment, incorporating internal data, fraud metrics, and external risk factors.
Develop, maintain, and execute the BSA/AML/OFAC program ensuring compliance with applicable state and federal regulations.
Develops, implements, assesses, and regularly updates internal controls and procedures to strengthen regulatory compliance and reduce financial risk.
Serve as the primary subject matter expert for BSA/AML and fraud related suspicious activity, ensuring compliance with the Bank Secrecy Act, FinCEN regulations, and internal policies.
Oversee the timely and accurate filing of SARs and CTRs
Assess need for fraud and/or BSA related committees, providing leadership over communication on emerging fraud trends, significant incidents, and mitigation strategies.
Respond to internal audit and independent review findings related to BSA/AML, OFAC, and fraud by assessing issues, developing corrective action plans, and ensuring timely remediation.
Oversee compliance with information-sharing requirements, including 314(a), 314(b), subpoenas, and law-enforcement requests.
Oversee compliance with Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) requirements, including high-risk member segments.
Ensure compliance with BSA, AML, OFAC, and fraud record-retention requirements, including SAR, CTR, and investigative documentation.
Oversee and prepare reporting for regulatory filing, law enforcement, investigative agencies, and internal records.
Support and assist branches and/departments in fraud situations by gathering information, writing reports, filing cases with law enforcement, assisting with bond claims and maintaining files.
Perform ongoing quality assurance (QA) of BSA/AML, OFAC, and fraud processes, including review of investigations, SAR and CTR filings, alert dispositions, documentation quality, timeliness, and adherence to internal policies and regulatory requirements.
Maintain and update BSA/AML/OFAC and fraud program documentation, including policies, procedures, workflows, job aids, and governance materials.
Support administrative processes related to Verafin access and permissions and vendor management.

Benefits

Medical, Dental, & Vision Insurance for full-time and reduced full-time employees & their families
Telemedicine for part-time employees
Paid Group Life and Disability Insurance
Employee Assistance Program
Tuition Reimbursement Program
401K Retirement Savings
Employer 401K Retirement Contributions & Matching upon eligibility
Discretionary Annual Incentive Bonus based on eligibility criteria
10 hours of PTO per month (prorated for reduced full-time and part-time)
Paid Birthday Holiday
2 Paid Wellness Days
Up to 24 hours of Paid Volunteer Time annually
11 Paid Holidays