BSA/Fraud Analyst

Greater Iowa Credit Union is looking to add a BSA/Fraud Analyst to our risk department. This position will assist the BSA Officer with duties related to the Bank Secrecy Act and fraudulent activities. Responsible for reviewing, analyzing, and investigating potentially illegal or fraudulent transactions identified by credit union staff or system generated alerts. The position will also be responsible for the filing of Currency Transaction Reports (CTRs) and assisting with the creation of Suspicious Activity Reports (SARs).

Essential Functions and Responsibilities:

• Reviews and analyzes suspicious activity and fraud alerts provided by the Verafin monitoring system.
• Investigates suspicious activity and makes recommendations on SAR filings to the BSA Officer. Drafts SARs for review prior to submission.
• Conducts internal fraud monitoring activities such as branch cash counts and employee account reviews.
• Works with credit union operational and frontline departments to resolve fraudulent account issues.
• Submit complete Currency Transaction Reports (CTRs)
• Completes FinCEN 314a and OFAC searches of the credit union member database and analyzes potential matches.
• Promote a culture of risk awareness. While working with the Risk Manager helps with educating the organization about the most significant risks.
• Maintains a thorough knowledge of regulatory requirements by attending training, and continuing education courses as appropriate.
• Other job duties as assigned

• Three years to five years of similar or related experience.
• (1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.
• Work involves extensive personal contact with others and is of a personal or sensitive nature. Motivating, influencing, and/or training others is key at this level. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.
• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing duties of this job, the employee is regularly required to sit. The employee is frequently required to stand, walk, bend, reach, kneel, push and pull. The employee must occasionally lift and/or move up to 30 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.
• Work is performed in a standard office environment with a quiet to moderate noise level. Will travel to other branches as needed. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations maybe made to enable individuals with disabilities to perform the essential functions.