Fraud and Anti-Money Laundering Expert

CapEd Credit Union•Meridian, ID

4d•Onsite

About The Position

The Fraud and Anti-Money Laundering (AML) Expert supports CapEd’s business objectives and mission by monitoring, detecting, investigating, and mitigating fraud and financial-crime risks across the Credit Union. The role conducts complex fraud and money-laundering investigations, prepares and files regulatory reports, performs enhanced due diligence reviews, identifies emerging risks, supports audits and examinations, helps deliver employee training, and provides guidance on fraud and BSA/AML matters. The position exercises independent judgment within established policies, procedures, and regulatory requirements to help protect the Credit Union from financial loss, regulatory risk, and reputational harm. The Expert serves as a subject matter resource for fraud prevention and BSA/AML compliance, supporting colleagues and business units with complex financial-crime matters. The position also supports program improvements, system optimization, and training initiatives, and maintains knowledge of Credit Union products, services, and promotions. Other job-related duties may be assigned. The position is located at Ten Mile in Meridian, Idaho. Work is primarily indoors, with usually moderate noise and potentially periodic stressful conditions. The Credit Union’s business days are Monday through Saturday, 8:00 a.m. to 6:30 p.m.; this position may occasionally require an adjusted schedule, overtime, and evening or weekend hours. The work is considered sedentary, with specified sitting, standing, walking, hand-use, vision, and occasional lifting or moving demands. Reasonable accommodations may be made to enable employees with disabilities to perform essential functions.

Requirements

Five to eight years of direct BSA/AML investigative experience.
Experience with card fraud, check fraud, and ACH fraud.
Strong working knowledge of SAR narrative requirements and CTR reporting.
Experience with transaction-monitoring systems.
A bachelor’s degree, or formal or specialized industry-recognized certifications or licensing considered equivalent to a bachelor’s degree; CFE or ACU BSA/AML certifications may be used in lieu of a degree.
Ability to perform the essential functions described, with or without reasonable accommodation.

Responsibilities

Monitor and investigate fraud alerts, suspicious activity, and emerging financial-crime risks.
Make timely, independent decisions to mitigate fraud exposure and prevent losses.
Analyze fraud trends and recommend improvements to fraud detection, monitoring, and controls.
Provide employees and members with second-line support regarding fraud prevention, recovery, and identity-theft concerns.
Conduct complex fraud and financial-crime investigations and analyze account activity, transaction history, and supporting documentation to determine appropriate actions.
Maintain complete and accurate investigative case records in accordance with regulatory and organizational standards.
Coordinate with law enforcement, peer financial institutions, and external organizations to support investigations and recovery efforts when necessary.
Review and investigate BSA/AML alerts, referrals, and potentially suspicious activity.
Investigate complex matters involving money laundering, structuring, elder financial exploitation, human-trafficking indicators, account takeover, and other financial crimes.
Serve as Co-Chair of the SAR Committee.
Conduct enhanced reviews of high-risk transactions, relationships, and activities, and maintain documentation supporting filing decisions.
Conduct FinCEN 314(a) searches and participate in 314(b) information-sharing activities.
Assist with updates to the Credit Union’s BSA/AML and financial-crimes risk assessments.
Conduct Enhanced Due Diligence reviews for high-risk consumer and business relationships.
Evaluate account activity and risk factors, recommend appropriate controls or monitoring, and support ongoing due diligence and customer risk-rating processes.
Ensure compliance with applicable BSA, AML, OFAC, USA PATRIOT Act, fraud-prevention, and financial-crimes regulatory requirements.
Support audits and regulatory examinations through reporting, documentation, and issue remediation.
Monitor regulatory changes, fraud trends, and industry best practices, and recommend process enhancements.
Prepare fraud-loss and CTR-error reporting for leaders and the Board.
Provide subject matter guidance to Fraud Experts, AML Experts, and business units on complex financial-crime matters.
Partner in developing and delivering fraud and BSA/AML training and awareness initiatives.
Support projects and initiatives that strengthen the Credit Union’s financial-crimes program.
Support the Risk and Financial Crimes Manager with system optimizations, including alert refinement and under-threshold testing.
Maintain knowledge of Credit Union products, services, and promotions.
Perform other job-related duties as assigned.
Meet the physical requirements of the role, including frequent computer and phone use, handling or operating objects, and occasional movement or lifting.