Fraud and AML Investigator

About This Role

The Fraud and AML Investigator assists the BSA Officer and FRAML Manager in monitoring activities related to BSA, AML, CIP, OFAC, and fraud programs. This role ensures compliance with internal policies and external regulations, leveraging a strong background in member service and knowledge of financial regulations.

Responsibilities

• Review and investigate various reports and systems for potential fraudulent activities within member accounts and loans
• Monitor fraud detection systems/reports for suspicious/fraudulent account activity
• Maintain thorough and accurate case notes in chronological order utilizing the case management system
• Identify through fraud case analysis, opportunities to enhance internal policies, procedures and controls throughout the enterprise
• Prepare reports for management covering investigative details, results and recommended loss prevention and recovery actions
• Formulate and recommend action response to criminal allegations, file case reports as appropriate and testify in court proceedings as appropriate
• Review system changes to identify internal fraudulent activity
• Communicate with other lines of business, law enforcement, and victims of crime to determine the extent and nature of criminal activity
• Consult and advise managers and employees in identifying potential fraud, consulting/interviewing members and taking appropriate action in fraud situations
• Prepare Suspicious Activity Reports (SAR) for final review

Requirements

• 2-3 years banking or credit union experience
• High school graduate or GED
• Knowledge of BSA and AML regulations
• Analytical skills
• Excellent communication and problem-solving skills

Qualifications

• High school graduate or GED
• 2-3 years banking or credit union experience

Certifications