FIA IV (QC, BSA/AML, Fraud & OFAC)
About The Position
This role involves complex research and analysis of Navy Federal account activity to identify red flags and suspicious activity in personal and business accounts. The position requires performing in-depth risk reviews, documenting enhanced due diligence, and maintaining knowledge of BSA/AML and OFAC regulations and industry guidance. The role also supports Business Unit staff in complying with established BSA/AML policies and procedures, and maintaining familiarity with typical legal business structures and normal activity by business industry. Additionally, it supports day-to-day Office of Foreign Assets Control (OFAC) operations, compliance analyses, and projects across the enterprise. The role involves responding to ad-hoc OFAC-related queries and providing subject matter expertise to partner business units. A key aspect is performing research and analysis of Navy Federal Account activity related to suspicious transactions, identifying red flags, and creating and maintaining Suspicious Activity Reports (SARs). The role ensures adherence to applicable federal and state laws, rules, and regulations.
Requirements
- Authorized to work in the United States without the need for current or future sponsorship.
- Knowledge of BSA/AML history, regulations, and industry guidance.
- Knowledge of OFAC history, regulations, and industry guidance.
- Familiarity with typical legal business structures and normal activity by business industry.
- Ability to perform complex research and analysis of account activity.
- Ability to perform in-depth risk reviews and document enhanced due diligence.
- Ability to create and maintain Suspicious Activity Reports (SARs).
- Ability to identify, review, and report suspicious activity and risk exposure.
- Ensure adherence to applicable federal and state laws, rules and regulations.
Responsibilities
- Perform complex research and analysis of Navy Federal account activity to identify red flags and suspicious activity in personal and business accounts.
- Perform in-depth risk reviews and document enhanced due diligence, including activity trend analysis.
- Maintain knowledge of BSA/AML history, regulations, and industry guidance.
- Support Business Unit staff in complying with established BSA/AML policies and procedures.
- Maintain familiarity with typical legal business structures and normal activity by business industry.
- Support day-to-day Office of Foreign Assets Control (OFAC) operations, compliance analyses and projects across the enterprise in compliance with Navy Federal's BSA/AML & OFAC Compliance Program.
- Respond to ad-hoc OFAC related queries and provide subject matter expertise to partner business units when applicable.
- Maintain knowledge of OFAC history, regulations, and industry guidance.
- Perform research and analysis of Navy Federal Account activity related to suspicious transactions and identify red flags.
- Create and maintain Suspicious Activity Reports (SARs) associated with suspicious account activity requiring more complex research or in-depth investigation.
- Identify, review, and report suspicious activity and risk exposure across various delivery channels.
- Ensure adherence to applicable federal and state laws, rules and regulations.
- Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
Benefits
- Highly competitive pay
- Generous benefits and perks
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
