BSA Fraud Analyst

Description

General Job Summary

The BSA Fraud Analyst is responsible for various functions primarily to identify instances of fraud and investigate fraudulent activities pertaining to the organization’s customers. The fraud analyst will monitor financial activities for anything suspicious that might point to fraud by reviewing new account applications, monitoring existing bank accounts, including loan payment activity for the organization. This person will specialize in detecting, preventing, and investigating fraudulent activities within the organization and will work directly with the BSA/Fraud Supervisor. Completes assigned departmental duties to ensure efficient delivery of monitoring and reporting to the BSA Officers. Ensures that day-to-day work is completed timely so that red flags are escalated for management review. Works with other business units to gain knowledge for the purpose of monitoring for AML and Fraud. May be involved with compliance reviews involving policies, procedures, and government regulations.

Summary of Essential Job Functions

• Manage daily reviewing of online new account activity for potential fraud
• Maintains operational familiarity with various banking and mortgage software to allow for monitoring of account activity for suspicious patterns on a daily basis.
• Monitor daily reports generated in Fiserv
• Monitor monthly curtailment payments
• Performs various quality control reviews and monitoring of commercial and deposit customers as it pertains to the Bank Secrecy Act to ensure compliance
• Assists in fraud investigations, working closely with staff and managers to mitigate risk, address issues as they arise and report results of investigations to Senior BSA Officer, BSA Officer and/or senior management
• Review all new accounts for compliance with the Customer Identification Program (CIP), including retention
• Assist with customer due diligence and enhanced due diligence reviews
• Assist in the compliance 314 (b) responsibilities
• Assist in the compliance of OFAC monitoring in various banking software
• Assist in the preparation or review of Currency Transaction Reports (CTRs)

Other Job Functions

• All other duties as assigned by management
• Works closely with BSA Officer & BSA/Fraud Supervisor to jointly coordinate investigative research as needed
• Assists with the research and production of items relating to annual audits and exams
• Assist in the performance of periodic system validation testing

Requirements

Education, Training and Work Experience

• High School diploma or equivalent required
• 2+ years’ experience in the mortgage industry required
• 2+ years’ exposure or experience in BSA-related activities preferred
• Familiarity with Fiserv Navigator and Verafin preferred

Knowledge, Skills, and Abilities

• Maintain & foster positive relationships with customers and business partners
• Complete all assigned training in a timely manner
• Provide professional communication in both oral & written expression
• Organizational skills with ability to prioritize and meet deadlines
• Ability to handle repetitive activities with a high degree of accuracy
• Work with minimal supervision.

Working Environment

Primary working environment is within an indoor climate-controlled office space and/or a private home office or some combination which will be at managements sole discretion. Employee may be subject to florescent lighting, dust, and other normal indoor allergens. Employee may work in close proximity of coworkers and occasionally independently in quiet environments.

Physical Requirements

• Able to lift up to 40 pounds
• Extended periods of sitting (at computer desk)
• Complete repetitive tasks (including operation of computer mouse/keyboard)

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

The wage range for this role takes into consideration a wide range of factors including but not limited to the duties of the role, experience, location, and certificates and/or education. The target hourly range for this position is between $25.00 - $30.00 per hour.

**University Bank is an Equal Opportunity/Affirmative Action Employer**