Risk Mitigation Specialist

Loccreditunion; Farmington Hills (MI); On-site; USD 60,000 - 90,000; Full time

Job summary

LOC Credit Union is seeking a detail-oriented Risk Mitigation Specialist to join our team. You will perform day-to-day BSA and fraud mitigation tasks, including account investigation, OFAC scans, and due diligence in accordance with our BSA/AML program.

You will contribute to quality control reviews, respond to information sharing requests, and help train staff while maintaining confidentiality and high integrity in all activities.

Qualifications

• 2+ years' experience at a financial institution.
• Working knowledge of the Bank Secrecy Act and OFAC regulations.
• BSA and/or fraud certification is a plus.
• Experience investigating fraud and knowledge of trends and schemes.

Responsibilities

• Perform day-to-day BSA and fraud mitigation tasks.
• Investigate accounts and transactions and file BSA reports as needed.
• Respond to information sharing requests and conduct OFAC scans.
• Perform member due diligence in line with BSA/AML program.
• Assist with BSA quality control reviews and staff training.

Skills

Investigative skills

Staff visibility

Communication

Confidentiality

Attention to detail

Organizational skills

BSA/AML knowledge

Job description

Join Our Team!

Are you detail-oriented, organized, and passionate about fraud mitigation? LOC Credit Union is looking for a Risk Mitigation Specialist to join our team and play an important role in ensuring the credit union stays in compliance.

The Risk Mitigation Specialist performs day-to-day Bank Secrecy Act (BSA) and fraud mitigation functions including, but not limited to, investigating accounts and transactions, filing appropriate BSA reports, responding to information sharing requests, conducting Office of Foreign Assets Control (OFAC) scans, performing member due diligence in accordance with the Credit Union's BSA/AML program, respond to unusual activity questionnaires and speak with colleagues and members. This position will also assist in performing periodic BSA quality control reviews, and staff training.

Preferred Qualification Requirements:

• Strong investigative skills.
• Willingness to be visible, interactive and available to staff.
• Effective communication skills and a firm commitment to keep Leadership and staff informed through regular communication and training.
• Commitment to maintaining strict confidentiality and a high level of integrity and trust.
• Detail oriented; ensuring efficiency and accuracy.
• Well-developed organizational skills.
• Comprehensive understanding of the Bank Secrecy Act and its implementing regulations.

Education and/or Experience:

• 2 years or more experience at a financial institution.
• Working knowledge of the Bank Secrecy Act and OFAC regulations.
• BSA and/or fraud certification a plus.
• Experience investigating fraud and/or knowledge of fraud trends and schemes.

Why Join Us?

This is an exciting opportunity for someone who is analytically minded and excited to help the credit union maintain the trust of our members and security of their accounts. Additionally, this person will enthusiastically help shape compliance strategies, improve processes, and contribute to the continued success of the credit union.