BSA Officer

RadiFi Credit Union•Jacksonville, FL

9d•Onsite

About The Position

The BSA Officer will manage the credit union's BSA/Fraud functions ensuring compliance with all applicable regulations and credit union policies and procedures: Responsible for BSA, AML, OFAC, FInCEN, CIP, and USA Patriot compliance, Fraud monitoring, detection and investigation. Manages the Fraud Team and makes recommendations to management relating to fraud mitigation. Serves as administrator for the Verafin BSA/AML and Fraud software tool and Lexis Nexis Instant ID insuring full utilization of functionalities. Responsible for related risk assessments, policies, and procedures. Assists with creation of related staff training. Serves as the Credit Union Contact for NCUA consumer affairs. Has managerial responsibilities over the BSA/Fraud team. Manages, coordinates and reviews the work of assigned staff. Recommends candidates for employment, conducts performance evaluations and salary reviews for assigned staff, and applies company policy. There is limited supervision and inspection of work for this role. The position is expected to have a notable impact on current financial or strategic organizational goals and objectives.

Requirements

Five years to eight years of similar or related experience, including time spent in preparatory positions.
Experience in an operations role with a financial institution encompassing a broad knowledge of products and services is required.
Strong familiarity with compliance related issues, check holds, CTRs and SARs is required.
Maintains required certification(s) for the role of BSA Compliance Officer
Maintains Certified Fraud Examiner Certificate.
Strong technology skills, communication skills and investigative skills are required.
Detail oriented.
Able to deal with auditors and examiners as well as senior management.
Ability to maintain confidentiality.
Must be able to study regulations and take certification exams.
Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs.
Must be capable of climbing / descending stairs in an emergency situation.
Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators.
Must be able to routinely perform work on a computer for an average of 6-8 hours per day, when necessary.
Must be able to work extended hours or travel off site whenever required or requested by management.
Must be capable of regular, reliable and timely attendance.
Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team.
Must be able to read and carry out various written instructions and follow oral instructions.
Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics.
Must be able to speak clearly and deliver information in a logical and understandable sequence.
Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public.
Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace.
Must be able to effectively handle multiple, simultaneous, and changing priorities.
Must be capable of exercising the highest level of discretion on both internal and external confidential matters.

Nice To Haves

Fraud investigation experience is preferred.

Responsibilities

Serve as the designated BSA Officer. Ensure clean audits and exams.
Act as the administrator of Verafin Software & Instant ID ensuring integrity of data and full utilization of functionality.
Use tools to identify high risk accounts, early detection of fraud, kiting and money laundering suspects.
Regularly run Office of Foreign Asset Control (OFAC) and 314a checks, research any and all matches; Insure OFAC is run on all required transactions and names including cashier’s checks, on-us items etc.
Regularly monitor Suspicious Activity Reporting (SARs). Collaborate on all SAR decisions for reporting to FinCEN and the Board of Directors.
Ensure SAR descriptions and details meet standards.
Ensure all Currency Transactions Reports (CTRs) are generated, compliant, and reported timely.
Address opportunities in documentation provided by branch and operations staff, and provide training to correct as needed.
Identify any transactions that could be missed such as shared branching and create mitigating controls.
Ensures BSA/ Fraud team is up-to-date on all regulatory changes and is well versed in using BSA/AML/CIP tools.
Assists in creating companywide compliance training programs as needed and ensure all associates/volunteers complete required BSA related annual training.
Assists Auditors and Examiners during all periodic BSA/AML/Fraud related compliance reviews. Respond to and address findings.
Develop and maintain timely updates of all BSA/CIP/OFAC/AML Policies, Procedures and Risk assessments.
Participate on Compliance Committee.
Assist retail staff with questions, provide guidance on BSA related issues.
Follow-up on any irregularities that come from newly opened accounts identified through Instant ID/Framl.
Mitigate fraud losses through fraud prevention, early detection, fraud investigations and recovery.
Stay informed of best practices for fraud prevention. Make recommendations to management for policies, procedures and system settings to mitigate fraud.
Process returned deposit checks and react to potential fraud quickly, keep retail informed of losses due to no holds. Share information for communal learning.
Track losses and trends. Utilizes internal/external resources to detect investigate and analyze potential fraud including shared branching reports.
Conduct suspicious activities investigations.
Supervise the fraud specialist daily work.
Ensure all bond claims are accurate and filed in a timely manner.
Ensure the credit union has a robust program of monitoring for Red Flags of Identity theft.
Assist retail with questions, provide guidance on check holds and fraud related issues.
Perform other job-related duties and projects as assigned.