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Risk Analyst

Company: Pacific Service Credit Union
Location: Concord
Posted on: November 15, 2020

Job Description:

Working for Pacific Service Credit Union
We put people first. That includes our members, our employees and the communities we serve. We hire energetic and enthusiastic people who want to work as part of our team.
What's in it for you?

Health insurance coverage: We provide our employees with 100% medical, dental, vision, disability and basic life insurance for full-time employees and eligible dependents. 401k: We contribute 3% of your base salary to your 401k account regardless of whether you contribute or not. In addition, we match 75% of your contributions up to the first 3% of eligible compensation after one year of service and up to 6% after three years of service. Bonus program: All employees are rewarded for attaining our annual organizational goals. Vacation and sick time: Full-time employees receive more than two weeks' vacation per year, 10 paid holidays and 10 days of sick leave.
Position Summary: The Risk Analyst performs a wide variety of duties to support and maintain the foundation of the credit union's BSA/AML Program. Emphasis is on investigating financial activity to identify potential money laundering and/or other financial crimes; filing required reports; providing staff with support related to BSA, CIP, OFAC and suspicious activity; documenting ongoing compliance efforts; and performing other processes as needed to maintain an effective program. The Risk Analyst will also be called upon to assist in the detection, mitigation and prevention of credit union fraud through the use of fraud detection tools, report monitoring and case investigation. This position reviews high risk activity and works with all departments in cross training, as well as recommending and taking corrective action. Essential Functions:Assists the Bank Secrecy Officer in the monitoring of CTR transactions for timely filing, 314(a) requests, 314(b) requests, OFAC reports, and completing suspicious activity reports.

  • Performs daily and other periodic review of various monitoring reports software to identify, analyze, investigate and report high risk and/or suspicious account activity.
  • Reviews various credit union department level reports for suspicious activity (or similar)
  • Verifies that required OFAC checks have been completed for new accounts, wire transfers and other transactions.
  • Maintains a system to identify and monitor higher risk members, accounts and transactions and takes action as appropriate based on results of research.Assists with yearly risk assessments by providing analytical data on negotiable instruments, wire and IAT monitoring.Monitors online activities to identify possible attempted account takeovers.Responds to alerts triggered by PSCU's online fraud solution
  • Communicates with members by phone and in writing to investigate or develop an understanding of transaction patterns.
  • Receives, prepares and files elder financial abuse reportsProvides assistance to departments related to ID Theft Red Flags, check fraud, kiting, loan fraud, VISA credit, debit and ATM card fraud, wire transfer and EFT/ACH fraud and internal losses (elder abuse).
  • Provides operational support to branch and back office staff so that they can assist members and handle situations in accordance with credit union policies/procedures and regulations.
  • Assists in maintaining, designing, and implementing new and existing fraud detection and case management tools.
  • Assists in ongoing trend analysis and risk assessment to identify existing and future ID Theft Red Flags response protocols.
  • Provides assistance to staff on investigating transactions; including working with law enforcement to file reports and/or prosecute suspects as appropriate.
  • Stays abreast of Symitar enhancements and updates which may affect the department.
  • Interacts with other financial institutions, law enforcement and members to validate information, confirm transactions and identity of fraudulent individuals and activity.
  • Provides insightful, actionable and analytical based recommendations that identify fraud exposure from unauthorized transactions, fraud risks and vulnerabilities to keep fraud losses minimal.
  • Maintains thorough and current knowledge of all federal, state, and local regulations as well as internal policies and procedures and credit union products and services.
  • Identifies and analyzes key risk indicators and works with Information Technology department to effectively track these indicators.
  • Assists with independent, state and federal BSA audits. Non-Essential Functions: Performs special projects and other responsibilities as assigned. Knowledge, Qualifications and Skills: Education: Bachelor's or AA degree in Finance, Criminal Justice or other related business discipline desired or equivalent comparable experience. Experience: Minimum three years' experience working in a branch or operational department, preferably at a credit union or financial institution required, with two years' prior BSA and/or fraud experience in a bank or credit union preferred. Skills and Abilities: Working knowledge and analysis of BSA/AML strategies and processes. Proficiency with utilizing fraud software tools such as Global Vision Patriot Officer and Simplirisk.Strong written and oral communication skills required to interact with employees, members, management, law enforcement and other agencies as required for this position. Must be able to handle difficult interpersonal situations.Strong analytical skills with proven ability to use sound judgment in making quick decisions, together with attention to detail and ability to perform basic mathematical calculations.Strong self-starter with a high level of dependability and self-motivation, able to work independently and in a team oriented environment.Ability to use basic computer programs, i.e., Windows, Word, Excel, required. Familiarity with Symitar a plus.Knowledge of credit union operations, products and services, and policies, including regulatory issues, required.
  • Extra Credit Skills: You will bring your enthusiasm, collaborative work-style, inquisitive attitude, flexibility, creativity, focus on excellence, and overall "great-to-work-with" demeanor.
  • Travel Required: Minimal travel expected. Any travel during assigned shifts requires ability to operate personal vehicle.
  • Hours Required: Exempt employee with a work schedule of Monday through Friday, generally 8 a.m. to 5 p.m., with some alternate work schedules.
  • Environmental Conditions: Work is primarily performed within a cubicle on a second floor of two-story building with elevator. Subject to standard background noise found in an office environment. Physical Job Requirements: The physical demands described here are representative of those that must be met by the person in this position to successfully perform the essential functions for the position.
  • Sit, Stand, Walk: While performing the duties of the job, the person in this position is regularly required to sit, stand, walk and move about inside the office to access file cabinets, office equipment, etc. The duties in this position will require regular travel via personal vehicle which may result in long periods of sitting.
  • Use of Hands/Fingers: To operate a computer, computer keyboard, mouse and other office productivity machinery, such as but not limited to; a calculator, copy machine and computer printer. The person in this position is frequently required to sit and reach with hands and arms.
  • Speech/Hearing: The person in this position frequently communicates via phone and in person. Must be able to talk to/hear clients and educate them on products and services offered at the credit union.
  • Lifting/Pulling/Carrying: The person in this position must occasionally lift/move up to 20 lbs. and set up displays/tables at site visits.
  • Bending/Kneeling: The person in this position occasionally moves to retrieve items for use in presentations and daily work activities. PI125907944

Keywords: Pacific Service Credit Union, Concord , Risk Analyst, Professions , Concord, California

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