Fraud and BSA Assistant Manager
University of Michigan Credit Union, Ann Arbor, MI, United States
Responsibilities
Assists Solutions Manager with leadership responsibilities including but not limited to selection and promotion, retention, recognition, coaching, engagement, direction, performance management, corrective action, compensation, job responsibilities, training and development
Monitor loss trends and identify tools or software needed to mitigate losses
Assist with internal audits, regulatory exams, procedures, policies and risk assessments.
Collaborate with other departments to improve internal controls and reduce fraud risk.
Oversee the quality control when filing of Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) to ensure they meet the required requirements.
Ensure enhanced due diligence (EDD) reviews for high-risk clients including MSBs, MRBs, PEPs, and foreign entities, ensuring compliance with BSA/AML regulatory standards.
Ensure the Monitoring and evaluating of members risk ratings based on transaction behavior, geography, and customer type to ensure accurate customer risk profiling of the New Business Accounts after opening and recurring.
Utilize KYC and case management systems (e.g., A.I Oasis, LexisNexis, Google Searches) to streamline onboarding and ongoing monitoring processes.
Assists in planning and managing all aspects of the department. Performs the duties of any department team member when necessary
Creates a team environment that facilitates engagement and team member participation
Assists manager with training, development and performance of team members
Assists with conducting team meetings
Assists with remediating audit and exam findings within their control to ensure compliance with necessary regulations.
Monitors department performance with metrics, statistics and analysis and recommends adjustments as necessary
Prepares statistical and operational reports as needed
Maintains knowledge of laws and regulations affecting financial institutions policies and procedures
Assist with reviewing the BSA and Fraud Software to ensure the alerts are pulling accurate data, and document changes when necessary
Volunteers in various activities sponsored by UMCU within the University of Michigan and Ann Arbor communities; representing UMCU at events, internal or external meetings/trainings, team building or UMCU events. Onboarding new team members as needed.
Maintains knowledge of and follows all credit union policies and procedures regarding BSA, OFAC, U.S. Patriot Act, Anti-Money Laundering, S.A.F.E Act, CFPB regulations and Customer Identification Program
Other duties as assigned
Qualifications
Bachelor’s degree or equivalent; and 2 or more years of leadership experience is preferred.
Minimum of 2 years’ experience in a financial institution or related industry is preferred
BSA/AML or fraud certifications preferred
Proficient in Microsoft Office – Word, Excel, PowerPoint and Outlook
Strong verbal and written communication skills
Must be a team player and possess a high energy “can do” attitude
Benefits
Work with a high energy and collaborative group of supportive professionals.
We are committed to helping you own your career and grow professionally and personally.
Comprehensive benefits including low cost/high coverage medical, dental, vision, leave of absence and more!
Very generous paid time off and a very flexible work environment to help you find just the right work-life balance.
Tuition reimbursement and a student loan debt repayment program
Our Fidelity 401k program with employer match is one of the most generous you'll find.
From our parental leave, to pet insurance and home office credits, our benefits package is one of the best you'll find!
Physical Demands / Work Environment
The environment is typical of an office atmosphere. The noise level in the environment is usually moderate
While performing the duties of this job, the team member is frequently required to sit; use hands to finger, handle, or feel; and talk or hear. The team member is required to stand, walk, and reach with hands and arms. The team member must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision
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Assists Solutions Manager with leadership responsibilities including but not limited to selection and promotion, retention, recognition, coaching, engagement, direction, performance management, corrective action, compensation, job responsibilities, training and development
Monitor loss trends and identify tools or software needed to mitigate losses
Assist with internal audits, regulatory exams, procedures, policies and risk assessments.
Collaborate with other departments to improve internal controls and reduce fraud risk.
Oversee the quality control when filing of Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) to ensure they meet the required requirements.
Ensure enhanced due diligence (EDD) reviews for high-risk clients including MSBs, MRBs, PEPs, and foreign entities, ensuring compliance with BSA/AML regulatory standards.
Ensure the Monitoring and evaluating of members risk ratings based on transaction behavior, geography, and customer type to ensure accurate customer risk profiling of the New Business Accounts after opening and recurring.
Utilize KYC and case management systems (e.g., A.I Oasis, LexisNexis, Google Searches) to streamline onboarding and ongoing monitoring processes.
Assists in planning and managing all aspects of the department. Performs the duties of any department team member when necessary
Creates a team environment that facilitates engagement and team member participation
Assists manager with training, development and performance of team members
Assists with conducting team meetings
Assists with remediating audit and exam findings within their control to ensure compliance with necessary regulations.
Monitors department performance with metrics, statistics and analysis and recommends adjustments as necessary
Prepares statistical and operational reports as needed
Maintains knowledge of laws and regulations affecting financial institutions policies and procedures
Assist with reviewing the BSA and Fraud Software to ensure the alerts are pulling accurate data, and document changes when necessary
Volunteers in various activities sponsored by UMCU within the University of Michigan and Ann Arbor communities; representing UMCU at events, internal or external meetings/trainings, team building or UMCU events. Onboarding new team members as needed.
Maintains knowledge of and follows all credit union policies and procedures regarding BSA, OFAC, U.S. Patriot Act, Anti-Money Laundering, S.A.F.E Act, CFPB regulations and Customer Identification Program
Other duties as assigned
Qualifications
Bachelor’s degree or equivalent; and 2 or more years of leadership experience is preferred.
Minimum of 2 years’ experience in a financial institution or related industry is preferred
BSA/AML or fraud certifications preferred
Proficient in Microsoft Office – Word, Excel, PowerPoint and Outlook
Strong verbal and written communication skills
Must be a team player and possess a high energy “can do” attitude
Benefits
Work with a high energy and collaborative group of supportive professionals.
We are committed to helping you own your career and grow professionally and personally.
Comprehensive benefits including low cost/high coverage medical, dental, vision, leave of absence and more!
Very generous paid time off and a very flexible work environment to help you find just the right work-life balance.
Tuition reimbursement and a student loan debt repayment program
Our Fidelity 401k program with employer match is one of the most generous you'll find.
From our parental leave, to pet insurance and home office credits, our benefits package is one of the best you'll find!
Physical Demands / Work Environment
The environment is typical of an office atmosphere. The noise level in the environment is usually moderate
While performing the duties of this job, the team member is frequently required to sit; use hands to finger, handle, or feel; and talk or hear. The team member is required to stand, walk, and reach with hands and arms. The team member must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision
#J-18808-Ljbffr