AML/CFT Officer

IH Mississippi Valley Credit Union; Moline (IL); Hybrid; USD 85,000 - 110,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

IH Mississippi Valley Credit Union (IHMVCU) is seeking an AML/CFT Officer to strengthen our BSA/AML program. You will review system alerts for potentially illegal transactions and handle inquiries from teammates, acting as the primary AML/CFT point of contact to protect members and governance.

You will oversee monitoring standards, lead investigations, and collaborate with stakeholders to enhance controls while staying current on fraud trends in financial services.

Qualifications

• College degree preferred or equivalent experience.
• 3–5 years of related experience in a financial institution.
• 1–2 years of fraud and AML experience required.
• Verafin experience highly preferred.
• Strong investigative, documentation, and verbal communication skills.

Responsibilities

• Oversee BSA/AML/CFT monitoring and case disposition standards.
• Lead suspicious activity investigations and determine escalation/filing.
• Maintain enterprise risk assessments, policies, procedures, and internal controls.
• Produce audit-ready documentation and reporting for leadership and exams.

Skills

BSA/AML monitoring

Fraud investigation

Regulatory reporting

Analytical thinking

Attention to detail

Education

Bachelor's degree or equivalent

Tools

Verafin

Job description

Join our Risk Management Team at IHMVCU!

At IHMVCU we are committed to delivering personalized, community-centered financial solutions that help our members achieve their goals. We believe in the power of relationships and the importance of making a meaningful impact in the communities we serve. Our Risk Management leadership is recruiting for an AML/CFT Officer to join the team at our beautiful headquarters located on River Drive in Moline, IL. This can be a hybrid role after successful onboarding, with three days per week in office.

Role Summary

As the AML/CFT Officer, you will strengthen the BSA/AML program by reviewing and analyzing system generated alerts for potentially illegal or fraudulent transactions, and fielding inquiries on fraud and suspicious activity issues from other team members. Acts as the primary Anti-Money Laundering/Countering the Financing of Terrorism Officer for the credit union. This role exists to protect members, reduce regulatory exposure, and support sound risk governance.

Key responsibilities include:

• Oversee BSA/AML/CFT monitoring and case disposition standards
• Lead suspicious activity investigations and determine appropriate escalation/filing
• Maintain enterprise risk assessments, policies, procedures, and internal controls
• Partner with internal stakeholders to improve controls and address emerging trends
• Produce clear, audit-ready documentation and reporting for leadership and exams
• Keep up to date with current fraud trends in the financial services industry. Establish procedures that will assist in identifying persons committing crimes against the credit union and preserve evidence that may aid in their identification or prosecution, including surveillance video
• Develop and maintain strong working relationships with team members, vendors and outside law enforcement to assist in the development of strategies and controls to detect fraud and minimize losses. Submit and respond to 314-b requests for information sharing with other financial institutions

Required qualifications/skills:

• College degree preferred or equivalent experience
• Minimum 3-5 years of related experience in a financial institution
• Minimum 1-2 years of fraud and anti-money laundering experience is required
• Experience with Verafin fraud monitoring software is highly preferred
• Ability to identify trends early on and gather information to support possible action items
• Strong investigative, written documentation, and verbal communication skills
• Professional judgment in stressful or confrontational situations
• Ability to apply critical thinking and balanced decision making in complex or ambiguous situations
• Ability to handle a variety of task with accuracy
• Ability to adapt in a fast-paced environment and support changing business needs

Being a team member of IHMVCU is more than just a job, we want to make differences in the communities we live in and serve. Check out our careers page for more information including benefits www.ihmvcu.org/careers. Final compensation will be determined by various factors such as experience, specific skills and internal pay equity.

Move Up your career at IHMVCU with this great opportunity!

Physical Requirements:

• Sitting: Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.
• Talking: Expressing or exchanging ideas by means of the spoken word; those activities where detailed or important spoken instructions must be conveyed to other workers accurately, loudly, or quickly.
• Hearing: Perceiving the nature of sounds at normal speaking levels with or without correction, and having the ability to receive detailed information through oral communication, and making fine discriminations in sound.
• Finger, handle, touch: Picking, pinching, typing or otherwise working, primarily with fingers rather than with whole hand or arm as in handling. Applying pressure to an object with the fingers and palm. Perceiving attributes of objects, such as size, shape, temperature or texture by touching with skin, particularly that of fingertips.
• Lifting Demands: Up to 10 lbs.
• Visual Demands: Visual acuity to do things such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading