BSA Officer/AML Fraud Manager

Description

Help shape the future of compliance and financial risk management at HFCU. As our BSA Officer/AML Fraud Manager, you'll lead the Credit Union's BSA/AML program and drive initiatives focused on fraud detection, prevention, and investigation. You'll also oversee deposit compliance and provide guidance on regulatory requirements and consumer protection laws.

In this highly visible role, you'll partner with department leadership and serve as a trusted subject matter expert across the organization. Your expertise will help identify emerging risks, strengthen internal controls, and protect the financial integrity of the Credit Union and its members.

Here's a little about us:Heritage Financial Credit Union is a member-owned financial institution that is committed to helping our members achieve their financial goals and building a stronger community. We believe that everyone deserves access to affordable financial services, and we are dedicated to providing our members with the tools and resources they need to achieve their financial dreams. Our vision is to be the leading financial institution in the communities we serve, and we are committed to creating a culture of excellence where our employees can thrive. We believe in creating a workplace where everyone feels valued and respected, and where we can all work together to achieve our goals. We recognize that our employees are our most important asset, and we are committed to providing them with the training, development, and opportunities they need to succeed.
Our Core Values:
Experience:Go Above Expectations; Create Positive Moments; Personally Acknowledge
Service:Deliver As One Team; Stay A Step Ahead; Guide with Product Expertise
Integrity:Do What's Right; Speak the Truth; Own Our Actions
People:Grow Together; Respect Every Voice; Build Trusting Relationships; Strengthen Culture & Community
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POSITION PURPOSE 

The BSA Officer/AML Fraud Manager has primary responsibility for compliance and implementation of BSA/AML regulations, fraud pattern detection, investigations and maintenance of the Credit Union’s AML platform. This role, in addition, is responsible for the Credit Union’s deposit compliance and will work with the relevant departments to ensure compliance with the necessary regulations and consumer protection laws as part of the Compliance and Risk Management Programs. As the Credit Union’s designated BSA Officer, the individual will be responsible for the ongoing development, maintenance, and execution of the BSA/AML program. The Manager will serve as a subject matter expert on financial fraud, fraud detection, fraud prevention and consumer protection matters that integrate with BSA/AML.
 

The Manager will maintain broad and deep knowledge of various financial fraud types, detection tools and investigation strategies as well as a strong knowledge of consumer protection laws and regulations that pertain to the Credit Union, with a knowledge base to support the commercial loan business channel. 

This position will serve a vital role in the Compliance Department and will be an integral part of the company’s overall risk management strategy. This visible role works with department leadership to support the both the Compliance Management Program and BSA/AML Program.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

1. Provides leadership and maintenance of the Credit Union’s BSA/AML program and advises on such efforts through periodic measurable Board reporting.
2. Oversees the development and implementation of effective, sustainable and repeatable fraud detection and prevention strategies.
3. Provides leadership for the analysis of fraud trends and patterns to improve fraud detection and prevention strategies.
4. Oversees the development and recommend changes for all compliance policies and procedures to support and meet Credit Union objectives with strong focus on Deposit Compliance.
5. Executes timely communication with Senior and Executive management with proper escalation of matters of urgency.
6. Facilitates completion of annual risk assessments.
7. Disseminates information, answer questions, and be a subject matter expert for the credit union on all compliance-related issues with strong focus on Deposit Compliance.
8. On an on-going basis, review laws and regulations that impact the credit union’s compliance requirements, including all NCUA regulations, the Bank Secrecy Act, the USA Patriot Act and OFAC to consult and advise management on actions necessary to meet compliance deadlines.
9. Evaluate the credit union’s policies, procedures, products and programs to ensure compliance with applicable laws and regulations. Make recommendations for change where appropriate.
10. Ensure that any change in policy or procedure is communicated to impacted departments, or the credit union as a whole, with clarity. Follow up to ensure new procedures are understood and implemented with strong focus on Deposit Compliance.
11.  Partner with lines of business to develop and implement corrective actions as necessary to ensure compliance with regulations across the organization. 
12. Provides oversight and review of fraud cases and alerts as needed using the Credit Union’s AML software.
13. Provides oversight and review of Suspicious Activity Reports for submission to FinCEN through AML software.
14. Chair Loss Prevention Committee and development of agenda, tracking and management memos.
15. Participate with creation and implementation of fraud awareness education and staff training.
16. Maintain awareness and report changes to both the Credit Union’s high-risk designations related to High-Risk Financial Crimes Area (HIFCA) and High Intensity Drug Trafficking Area (HIDTA).
17. Provide subject matter expertise regarding applicable deposit compliance regulations while collaborating, advising, and coordinating with Deposit Support and Retail. Applicable regulations include but are not limited to CFPB, EFTA, ESIGN, Reg CC, HMDA, Overdraft, Guidance, RESPA, NDIP, TISA, TILA, FCRA, SCRA, FDCPA, FDPA, and applicable State requirements.
18. Maintain close contact with leadership across all departments to keep apprised of objectives, strategy, new initiatives, emerging issues/risks
19. Maintain effective communication channels throughout the Credit Union to stay abreast of Credit Union processes and applicable consumer compliance laws and regulations with strong focus on Deposit Compliance.
20. Provide advice, counsel and recommendations to departmental leadership on fraud related activities and patterns.
21. Work with department leaders and the AVP of Risk and Compliance to develop the Credit Union’s annual departmental testing and review plan with a strong focus on Deposit Compliance.
22. Review marketing materials and other external-facing communications for potential compliance issues (as applicable) with strong focus on Deposit Compliance.
23. Complete all required compliance training
24. Maintain knowledge of, and adhere to, the Credit Union’s internal compliance policies and procedures
25. Maintain knowledge of changing consumer compliance and BSA/AML regulations
26. Ensure compliance with applicable federal, state and local laws and regulations
27. Perform other duties and special projects as assigned

Requirements

QUALIFICATIONS

EDUCATION/CERTIFICATION:

• Bachelor’s Degree with a field of study in Business Administration, Finance, Accounting, or Law or related field preferred or comparable work experience.
• Compliance certifications such as CRCM, CCBCO, CAMS or CUCE are a plus

EXPERIENCE:

• 5 or more years’ relevant experience in a financial institution, auditing firm, or consulting firm with regulatory compliance focus

SKILLS/ABILITIES:

• Strong familiarity with the laws and regulations governing financial institutions.
• This position requires that the employee have a working knowledge of the regulations governing traditional financial institution activities including but not limited to the Bank Secrecy Act, TILA, RESPA, TRID, HMDA, ECOA, TILA, UDAAP, TIS, and Funds Availability. 
• Ability to independently read, interpret, and provide guidance on regulatory matters with minimal supervision.
• Ability to work effectively in a team environment as well as accomplish work assignments under minimal supervision and sometimes tight deadlines.
• Strong ability to analyze and report relevant data.
• Ability to handle highly confidential information.
• Excellent written and verbal communication skills.
• Must maintain current industry knowledge and keep pace with regulatory changes.
• Commitment to continuing education, attends related conferences and obtains/maintains related certifications.

What's in it for you?

Salary: $87,240.12 - $110,000.00 (depending on experience)

Benefits:

- Paid Time Off & Paid Federal Holidays

- Medical, Dental, Vision & Life Insurance

- Employee Assistance Program

- Flexible Spending Accounts (FSA)/Health Savings Accounts (HSA)

- Supplement Benefits: Critical Illness Care, Identity Theft Protection, Pet Insurance, Legal Services

- BenefitsPlus+ perks program (travel, entertainment, gift cards and so much more)

- CareNet - benefits concierge service

- 401(k) with 5% Employer Match

- Educational Assistance

- Paid Time to Volunteer

- HFCU Logo-wear (that our employees wear with pride!)

Equal Opportunity Statement

Employment at our Credit Union is based upon merit, ability, and qualifications. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status.