Risk Manager

People Driven Credit Union; United States; Hybrid; USD 65,000 - 79,000; Full time

Benefits offered by this job

Medical, dental, and vision for you (s

401k program

Vacation & PTO

Federal holidays off

Wellness program

Job summary

People Driven Credit Union is seeking an experienced BSA/Risk Manager to protect our members and assets. Youwill lead proactive risk-management and fraud-prevention initiatives across the organization, with a focus on regulatory compliance and strong internal controls.

The role is hybrid in the United States, with compensation starting at $72,000 and potential for higher depending on experience and transferrable skills.

Qualifications

• Associate0degree or equivalent experience.
• Minimum two years BSA, risk management, or collections experience.
• Proven success leading a team.
• Experience with fraud prevention and detection.

Responsibilities

• Implement fraud detection operations with documented processes and internal controls.
• Review daily account activity to identify suspicious patterns and mitigate losses.
• Interview compromised members to confirm fraudulent activity.
• Coordinate with Law Enforcement and respond to subpoenas and warrants.
• Collaborate with Payments Manager to reduce risk across debit and electronic channels.
• Develop staff guidelines for handling suspicious activity and disputes.

Skills

BSA

Risk Management

Fraud detection

Leadership

Analytics

Regulatory compliance

Education

Associate degree or equivalent

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.