BSA Specialist Fraud

Purpose

The primary function of the BSA Specialist is to ensure assigned responsibilities related to BSA/Fraud are conducted with timeliness and accuracy. This position ensures the Bank is protected from financial loss stemming from fraudulent behaviors of customers and non-customers in a fast-paced environment with several different processing timeframes, compliance regulations and daily deadlines. The ability to candidly and confidently discuss issues with customers, employees, and law enforcement is critical. This position requires the candidate to maintain highly confidential information.

Essential Duties And Responsibilities

• Review and investigate daily fraud alerts in the automated AML system and decision/note cases in a timely manner, escalate potential fraud cases and ensure proper follow up to minimize loss exposure. Restrict account access and request account closure as needed. Review Returned Deposited Items (RDIs) for potential fraudulent activity. Review and investigate cases of potential fraud reported Bankwide
• Develop written procedures for fraud related processes. Respond to questions Bankwide on fraud issues/cases in a timely manner.
• Educates customers and the community through fraud related presentations and informational seminars. Assist in ongoing fraud training development and delivery.
• Responsible for keeping abreast of current and emerging crime schemes, identifying loopholes in current systems and policies, and collaborating with other departments and branches to prevent potential fraud and potential risk of losses.
• Responsible for daily review of other Bank systems to analyze, detect, and prevent fraud and monitor fraudulent activities for online banking, bill pay, cash management, electronic funds transfer, checks, and other systems as defined.
• Assist the BSA Officer with the AML system administration. Make system changes as needed under dual control. Applies results of analysis reports to target patterns and trends in financial crime, making recommendations to adjust risk benchmarks.
• Performs Case Management and formulates SAR narratives. Actively participates in the Bank’s SAR Committee as a contributing member. Conduct follow-up investigations as necessary and prepare SARs for filing.
• Evaluates high risk online banking transactions, wire transfers and new online account opening for indicators of potential fraud.
• Assist in the processing of law enforcement requests, including subpoenas.
• Act as the designated individual for reporting elder financial exploitation or abuse to the appropriate elder authorities and work case with local protective services as necessary.
• Assists in preparing and analyzing data to complete reports for quarterly fraud report presented to Compliance and CRA Committee.
• Actively participate in fraud prevention and BSA/AML related industry groups.
• Assist with high risk account identification oversight, including enhanced due diligence reviews of high risk accounts.
• Assist the BSA Officer in preparing SAR Committee meeting, Compliance/CRA Committee reports, and related audits and/or regulatory examinations.
• Other special projects and duties as assigned
  
  

Qualifications

• Minimum 3 years banking experience in BSA/AML regulations and fraud prevention/monitoring required.
• Knowledge of the Verafin system preferred.
• High School diploma or equivalent required. College degree preferred.
• Professional certification preferred or ability to become certified.
• Strong time management skills with the ability to multitask and prioritize to meet daily time frames and answer phone calls driven by a sense of urgency for resolution.
• Possess a proven track-record of attention to detail and accuracy and strong problem solving, organization and negotiation skills. Ability to work independently as well as in a team environment. Must be a strong collaborator and partner with all business units.
• Decision making and problem-solving capabilities based on analytical data
• Excellent written, verbal and presentation skills.
• Proficient personal computer skills including Microsoft Excel, Word and PowerPoint, as well as other applications and software utilized by the department.
  
  

Effort

• Work includes changing priorities for multiple, simultaneous projects
• Will be sitting while performing computer data entry functions approximately 6 hours per day.
• Needs to be able to move about inside the office space to access file cabinets, office equipment, etc. May work in closets / confined storage areas. May need to lift boxes up to 30 pounds.
• Essential to follow written and verbal directions. This role routinely uses standard office equipment such as computers, printers, calculators, photocopiers, and scanners.
• Moderate communication verbally using telephone to exchange information.
• Specific vision abilities required by this job include: close vision, distance visions, ability to adjust focus.
  
  

Work Environment

• Hours Monday-Friday 8am-5pm
• Cubical office work environment with noise levels commensurate with such.
  
  

Job Function: 00501