Financial Investigations Analyst 1 or 2

Description

Department: Financial Investigations

Salary Grade: 9, Non-Exempt $24.47 - $36.70

Report To: Financial Investigations Manager

SUMMARY:

With the goal of enhancing lives, fulfilling dreams, and building communities this position under the general guidance of the Financial Investigations Manager is primarily responsible for the various required reporting mandated by the Bank Secrecy Act (BSA), in addition to investigating fraud alerts and cases within the Fraud/AML software utilizing it to mitigate risk within the Credit Union. The Financial Investigations Analyst I will learn and adhere to all BSA requirements and be a resource for various departments and branches for questions and training.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Contribute to the organization’s mission statement and goals by providing the highest quality of service, treating each person professionally, with warmth, courtesy and respect, and making a personal effort to make members feel they belong and are important to Numerica.
• Identify reportable transactions and within required timeframes accurately file all required reports including currency transaction reports (CTR), and CTR exemptions.
• Research, prepare, and file Suspicious Activity Reports (SAR) with appropriate government agencies as applicable.
• Perform various BSA related compliance functions including Member Due Diligence (MDD) and Member Identification Program (MIP) support.
• Assist with monitoring all aspects of the credit union’s Office of Foreign Assets Control (OFAC) program through the use of daily reports, reporting any errors, omissions, and deficiencies to the BSA Officer.
• Track, monitor and maintain Monetary Instruments purchased for evidence of money laundering and/or criminal activity.
• Fulfill police and Adult Protective Services (APS) requests as needed.
• Report any identified errors, omissions, and deficiencies in the BSA program to the BSA Officer.
• Provide support to the department as needed.
• Effectively incorporates concepts of CARES Principles in daily behaviors and interactions: Connect – Create a welcoming, energized, and warm environment, Ask – Discover and confirm others’ needs to ensure they feel understood and known, Resolve – Take personal and full responsibility for meeting others’ needs, Elevate – Commit to long-term personal and organizational growth and improvement, Strengthen – Invest in our Numerica community and beyond.
• Other duties as assigned.

SUPERVISORY RESPONSIBILITIES:

No direct supervisory responsibilities.

PERFORMANCE STANDARDS:

The timely and accurate reporting required by the Bank Secrecy Act and Numerica’s policies requires a person with an aptitude for time management, organization, and the ability to multi-task various items that need to be followed up on with staff members. The workload can vary from day to day, so the ability to adapt to various situations is key to success in this position. Must maintain a positive attitude toward employees of the organization and must have the ability to communicate effectively with people of various positions within the organization.

EDUCATION and/or EXPERIENCE:

High school diploma or general education degree (GED) required; and 6 months to 2 years of related experience and/or training acquired in a credit union, bank, financial institution, or similar field.

PREFEERED EXPERIENCE:

BSA (Bank Secrecy Act) and/or fraud investigations experience within a financial institution.

LANGUAGE SKILLS:

Ability to read and interpret banking laws, regulation, and procedure manuals. Develop written and verbal observations in a concise and informative manner.

INTERPERSONAL SKILLS:

A significant level of trust and diplomacy is required, in addition to normal courtesy, tact, and diplomacy which are essential elements of the job. Work involves extensive personal contact with others inside and/or outside the organization and is generally of a personal or sensitive nature.

CERTIFICATES, LICENSES, REGISTRATIONS:

No certifications or licenses are required.

OTHER SKILLS and ABILITIES:

Ability to work with personal computer data base and spreadsheet programs to monitor and document data quality. Ability to lift up to 25 lbs.

The job description doesn’t imply an employment contract, nor is it intended to include every duty, task, or instruction for which the employee is responsible. Other tasks may be assigned, based on business need and at Management’s request.

Department: Financial Investigations

Salary Grade: 10, Non-Exempt $27.81 - $41.73

Report To: Financial Investigations Manager

SUMMARY:

With the goal of enhancing lives, fulfilling dreams, and building communities this position under the general guidance of the Financial Investigations Manager is primarily responsible for the various required reporting mandated by the Bank Secrecy Act (BSA), in addition to investigating fraud alerts and cases within the Fraud/AML software utilizing it to mitigate risk within the Credit Union. The Financial Investigations Analyst II will adhere to all BSA requirements and be a resource for various departments and branches for questions and training.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Contribute to the organization’s mission statement and goals by providing the highest quality of service, treating each person professionally, with warmth, courtesy, and respect, and making a personal effort to make members feel they belong and are important to Numerica.
• Identify reportable transactions and within required timeframes accurately file all required reports including currency transaction reports (CTR), and CTR exemptions.
• Research, prepare, and file Suspicious Activity Reports (SAR) with appropriate government agencies as applicable.
• Perform various BSA related compliance functions such as OFAC searches, 314(a) and 314(b), member due diligence (MDD), beneficial ownership, and high-risk reviews.
• Assist with monitoring all aspects of the credit unions Office of Foreign Assets Control (OFAC) program through the use of daily reports, reporting any errors, omissions, and deficiencies to the BSA Officer.
• Track, monitor and maintain Monetary Instruments purchased for evidence of money laundering and/or criminal activity.
• Perform timely reviews of AML software alerts and SIR referrals from departments and branches to determine if activity is sufficiently unusual or out of character to warrant the escalation for further investigation to mitigate risk within the Credit Union. Utilize internal/external resources to investigate and analyze potential fraud and BSA illicit activities.
• File police reports and Adult Protective Services (APS) reports as needed. Act as liaison for all credit union law enforcement requests.
• Develop and maintain reports and trending data for leadership to utilize.
• Provide appropriate level of communication to staff concerning fraud trends in the areas affected.
• Report any identified errors, omissions, and deficiencies in BSA program to the BSA Officer.
• Maintains knowledge and adheres to all BSA regulations and compliance standards on internal and external policies and procedures.
• Effectively incorporates concepts of CARES Principles in daily behaviors and interactions: Connect – Create a welcoming, energized, and warm environment, Ask – Discover and confirm others’ needs to ensure they feel understood and known, Resolve – Take personal and full responsibility for meeting others’ needs, Elevate – Commit to long-term personal and organizational growth and improvement, Strengthen – Invest in our Numerica community and beyond.
• Other duties as assigned including system maintenance, project support, and process improvement.

SUPERVISORY RESPONSIBILITIES:

None Required.

PERFORMANCE STANDARDS:

Ability to analyze and evaluate transactions and processes, demonstrate project and time management abilities, handles multiple tasks effectively, develop professional relationship with managers of areas being reviewed, document processes effectively using various tools, ability to work in a self-directed manner with minimal supervision.

EDUCATION and/or EXPERIENCE:

Associate degree plus 2 to 5 years related experience OR equivalent combination of education and experience acquired in a credit union, bank, financial institution, or similar field.

PREFEERED EXPERIENCE:

BSA (Bank Secrecy Act) and/or fraud investigations experience within a financial institution.

LANGUAGE SKILLS:

Ability to read and interpret banking laws, regulation, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers or employees of the organization. Ability to write routine reports, correspondence, and procedure manuals.

INTERPERSONAL SKILLS:

A significant level of trust and diplomacy is required, in addition to normal courtesy, tact, and diplomacy which are essential elements of the job. Work involves extensive personal contact with others inside and/or outside the organization and is generally of a personal or sensitive nature. Work may involve motivating, influencing, or training others.

CERTIFICATES, LICENSES, REGISTRATIONS:

Certification in BSA and/or Certified Fraud Examiner designation preferred but not required.

OTHER SKILLS and ABILITIES:

Ability to effectively work with relevant software, personal computer data base, and spreadsheet programs to monitor and document data. Ability to lift up to 25 lbs.

The job description doesn’t imply an employment contract, nor is it intended to include every duty, task, or instruction for which the employee is responsible. Other tasks may be assigned, based on business need and at Management’s request.

Numerica Credit Union Benefits and Perks -

Learn more about our Benefits and Perks here:

https://www.numericacu.com/globalassets/images/pdfs/employee-benefits-summary-numerica.pdf

Requirements

Numerica Credit Union is an Equal Opportunity/Affirmative Action Employer

Numerica Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for purposes of participating in the application/hiring process with Numerica Credit Union. If you are unable or limited in your ability to use or access Numerica Credit Union’s career page at www.numericacu.com as a result of your disability, you can request reasonable accommodations by calling (509) 385-1660.