Fraud Risk Analyst

TruStone Financial Credit Union; Plymouth; On-site; GBP 60,000 - 80,000; Full time

Job summary

Join a forward-thinking credit union dedicated to empowering members' financial well-being. As a Fraud Risk Analyst, you'll play a crucial role in implementing compliance programs and investigating fraud. This position offers a collaborative environment where your analytical skills will shine. Enjoy competitive pay, comprehensive benefits, and opportunities for career development. If you're passionate about financial security and making a difference, this is the perfect opportunity for you.

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Time Off

401(k) with Employer Match

Short and Long Term Disability

Life Insurance

Tuition Reimbursement

Career Development Opportunities

Employee Discounts

Qualifications

• 3+ years of experience in BSA/AML/Fraud investigations.
• Strong knowledge of fraud regulations and compliance.

Responsibilities

• Implement and monitor Bank Secrecy Act compliance program.
• Investigate suspicious activities and file Suspicious Activity Reports.

Skills

Analytical Skills

Problem-Solving

Communication Skills

Attention to Detail

Time Management

Education

Bachelor's Degree in Business Administration

Professional Certification (ACAMS, CRCM, etc.)

Tools

BSA/AML Monitoring Systems

Job description

WHO WE ARE:
TruStone Financial is a full-service, member-owned credit union that provides simple yet competitive financial tools to empower our members' financial well-being. Founded by teachers in 1939, TruStone Financial has since grown to the second-largest credit union in Minnesota and our 550+ employees serve more than 200,000 members across 23 locations in Minnesota and Wisconsin. Our vision is to create exceptional financial experiences, and to do that we need our exceptional people! Join our growing team and help us deliver on our mission to engage, educate and inspire our members to achieve lifelong financial well-being.

WHAT YOU'LL DO:
Assist in the implementation, monitoring and administration of all aspects of the Bank Secrecy Act compliance program under the guidance of the VP BSA Officer and department management. Required to be fully knowledgeable and skilled in all areas of the department to review and monitor suspicious activities while identifying and mitigating potential risks to the credit union. Work in a highly collaborative, fast-paced environment, where member experience and fraud prevention are the goal. Fraud Risk Analysts may concentrate on one specific or many different fraud typologies, such as external/internal fraud, consumer and commercial DDAs, consumer lending, debit and credit cards, phishing or internet banking fraud, financial exploitation. Perform duties such as investigating multiple frauds in accordance with policies and procedures, performing thorough account transaction analysis for the purpose of identifying suspicious or fraudulent activity, analysis of reporting for the purposes of reducing risk to the company, and filing Suspicious Activity Reports (SARs). Perform any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to TruStone members and co-workers.

WHAT YOU'LL BRING:
Availability to work 40hours per week Monday through Friday between the hours of 8:00am - 6:00pm at our Plymouth Corporate Office; non-exempt.

In addition:

• Bachelor's Degree in Business Administration, Criminal Justice or related field preferred.
• At least 3 years of BSA/AML/Fraud related experience in research and investigations or,
• 5 or more years of experience in the financial industry, banking operations, law enforcement, fraud or security.
• Professional Certification from a financial industry group (i.e. ACAMS, CRCM, CFE, CUNA BSA/AML Certification, etc.) preferred.
• Knowledge of BSA/AML/OFAC/fraud regulations with experienced using dynamic BSA/AML/Fraud monitoring systems.
• At least 3 years of experience in the areas of: 314(a)(b), CTR, SAR, OFAC.
• Ability to take initiative and work independently with minimal supervision in a structured environment.
• Ability to manage time and adhere to strict deadlines.
• Strong analytical and problem-solving skills with ability to gather, organize, and interpret data.
• Ability to formulate independent preliminary conclusions.
• Ability to exercise good judgement when assessing risk.
• Excellent organizational skills and strong attention to detail, with the ability to multi-task and work independently in a fast paced, high volume environment.
• Strong communication skills to include written, verbal, and interpersonal skills.
• Ability to use sound judgment and handle difficult situations with tact, diplomacy, and discretion, knowing when to escalate a situation to management.
• Ability to maintain confidentiality and adhere to TruStone's policies and procedures.
• Compliance with the Bank Secrecy Act and all its provisions.
• Ability to pass a pre-employment drug test and various background checks.
• Regular and reliable attendance at the workplace.

WHAT WE OFFER:

The salary range for this position is $23.50 to $29.50 per hour. In addition, we offer:

• Competitive pay and incentive programs for all positions.
• Health insurance with the ability to choose which plan option is best for you - a Traditional Health Plan or Health Savings Plan.
• Affordable dental and vision insurance coverage.
• Earn 22 days of paid time off annually for full-time employees with an equivalent accrual for part-time employees - and, the longer your tenure, the more PTO you'll have to enjoy.
• 10+ paid holidays each year.
• Up to 16 hours of paid time annually to volunteer for organizations you are passionate about.
• 401(k) with 50% employer match on the first 6% you contribute - plus, after one year of service, an additional 3% safe harbor employer contribution that is immediately 100% vested regardless if you are contributing or not.
• Eligibility for profit sharing opportunities in the form of a contribution to your 401(k) account.
• Employer-paid Short Term and Long Term Disability benefits.
• Employer-provided life insurance up to 2.5x your base salary with the option to purchase additional coverage for yourself, spouse and eligible dependents.
• Reimbursement for higher education expenses of up to $5,250 per calendar year (including tuition, books and activity fees).
• Career development opportunities - including our STEP job shadow program, TruStone Academy certification courses, Mentorship Program and more.
• Special employee discounts when you join TruStone Financial as a credit union member.
• Employee activities, events, discounts, and many other great benefits and perks!

TruStone Financial Credit Union is an Affirmative Action and Equal Opportunity Employer of Protected Veterans, Individuals with Disabilities and all Protected Classes.