Risk Manager

People-Driven-Credit-Union; Southfield (MI); Hybrid; USD 65,000 - 79,000; Full time

Benefits offered by this job

Health benefits

401k program

Paid holidays

Wellness reimbursements

PTO

Job summary

People Driven Credit Union seeks an experienced BSA/Risk Manager to protect financial strength, reputation, and members. The role involves leading proactive risk-management and fraud-prevention programs across the organization.

You will analyze risk patterns, coordinate with Law Enforcement when needed, and maintain BSA/AML compliance while educating staff on regulatory changes. This is a hybrid position with a starting salary of $72,000, commensurate with experience.

Qualifications

• Associate’s degree or equivalent combination of training, education and experience.
• Minimum two years BSA, Risk Management, or Collections experience.
• Proven success leading a team.

Responsibilities

• Implement fraud detection operations in line with policies and procedures and legal requirements.
• Review daily account activity to identify suspicious patterns and mitigate fraud losses.
• Interrogate compromised members to confirm extent of fraud.
• Liaise with Law Enforcement and other agencies as needed, preserving evidence for investigations.
• Collaborate with Payments Manager to reduce risk across debit, ACH, checks, wires and cards.
• Develop staff guidelines for handling suspicious activity and fraud disputes.
• Manage credit reporting and member disputes with bureaus in a timely manner.
• Serve as BSA Officer ensuring adherence to Bank Secrecy Act and AML/OFAC regulations.
• Stay updated on BSA, AML and OFAC changes and regulatory updates.
• Prepare reports on BSA compliance, fraud prevention, and Financial Exploitation for CFO.
• Educate the team on BSA and fraud through HR collaborations.
• Assist in regulatory examinations and audits related to BSA and fraud prevention.
• Monitor trends to identify threats and develop preventative controls.
• Strengthen processes through procedural improvements and risk management practices.
• Foster a culture of prevention across the organization.

Skills

Fraud detection

Risk management

Regulatory compliance

Team leadership

Education

Associate’s degree

Job description

Are you People Driven? Do you want to be a part of a dynamic, forward thinking team? We are seeking an experienced BSA/Risk Manager to join our team. Compensation for this position starts at $72,000, but offers can go up depending on experience and transferrable skills. This position is considered Hybrid.

Why join People Driven Credit Union:

• Employer paid medical, dental and vision for you and a low cost to add family members!
• Additional benefits including an employer sponsored 40lK program, vacation and personal time off!
• Federal holidays off with pay!
• A wellness program including fitness and wellbeing program reimbursements!
• To learn more about PDCU go to our website at https://www.peopledrivencu.org

As our Risk Manager, you’ll play a critical role in protecting the financial strength, reputation, and people of our credit union. This is an opportunity for a proactive, analytical professional to make a meaningful impact by identifying risks before they become problems and developing innovative solutions that help safeguard our members, employees, and assets.

Working independently, you’ll lead the development, design, and implementation of proactive risk-management and fraud-prevention strategies that reduce financial, physical, reputational, and human risks across the organization.

In this role, you will:

• Implement fraud detection operations. Ensure they are conducted in accordance with established credit union policies and procedures and are legally compliant. Ensure that all activity is properly documented. Implement internal controls to identify and/or prevent suspicious or illegal activities.
• Perform analysis by reviewing daily account activity and examining suspicious transaction patterns. Using independent judgement, proactively mitigate fraud loss by detecting repetitive activity patterns.
• Communicate and/or interview compromised members, if needed, to confirm and identify extent of fraudulent activity.
• Act as credit union liaison with Law Enforcement or other government agencies with investigations. Responsible to collect and preserve evidence, process, review, and respond to all subpoenas and search warrants.
• Collaborate with Payments Manager proactively to reduce risk and minimize losses through debit, ACH, corporate check, money orders, wire, personal check, and credit card fraud.
• Develop guidelines for staff assistance in possible suspicious activity and fraud-related disputes and transactions.
• Manage the credit reporting process including member disputes to ensure that only appropriate changes are communicated to the credit bureaus and that any disputes are handled efficiently and timely.
• Act as the credit union’s BSA Officer – ensure the credit union’s adherence to the Bank Secrecy Act and Anti-Money Laundering (AM) regulations.
• Maintain current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations.
• Prepare and present reports on BSA compliance, fraud prevention, and Financial Exploitation to Chief Risk Officer.
• Working with HR, develop and implement an effective program to educate team members on BSA. Keep employees informed of regulatory changes and updates to BSA and fraud.
• Assist in regulatory examinations and audits related to BSA and fraud prevention.
• Stay ahead of emerging threats by analyzing trends, identifying vulnerabilities, and developing innovative ways to prevent fraud and potential fraud.
• Strengthen our processes by overseeing procedural adjustments and ensuring prevention practices remain current, effective, and aligned with evolving risks.
• Champion a culture of prevention by partnering across the organization to promote sound risk-management practices and continuously improve our approach to protecting the credit union.

Requirements

Education:

• Associate’s degree or equivalent combination of training, education and experience.

Experience:

• Minimum two years BSA, Risk Management, or Collections experience.
• Proven success leading a team.