Financial Crimes Investigator

SUMMARY:

The Financial Crimes Investigator researches, analyzes, and generates accurate and meaningful information to assist in performing financial crimes investigations in accordance with state and federal laws.and loss prevention functions to detect, identify, prevent, and protect the Credit Union from financial crimes and fraudulent activities. Today's sophisticated schemes demand the analytical ability of financial investigators to trace transactions through complex financial records.The Financial Crimes Investigator must maintain a working knowledge of current state and federal white collar crime laws including staying abreast of future laws and regulations.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:

•Reviews and investigates cases utilizing credit union fraud detection systems and takes appropriate action to prevent or mitigate losses to the credit union, refer to third parties, complete investigative reports of suspicious activity and ensure continued monitoring.

•Independently reviews all types of account activity to identify risks and prevent additional losses due to fraudulent activity, while making sound subjective decisions to close or restrict risky relationships.

•Maintains case documentation and databases for all fraud cases, account reviews and forgery claims. Document and investigate forgery claims from members and other financial institutions, make recommendations as to the proper resolution to the Financial Crimes Support Specialist and/or the BSA & Financial Crimes Manager.

•Assists the various lines of business with the review of suspect membership and loan applications and any reports of potential identity theft. Provides guidance to management and employees to ensure appropriate actions are taken to mitigate losses and loss exposure.

•Interviews victims, witnesses, merchants, other financial institutions, employees or suspects to establish details of the fraud incident to be documented.

•Maintain a working knowledge of Visa Dispute Resolution and Regulation E rules to assist and provide guidance, as needed.

•Receives and reviews all compromised account listings through the Visa© Compromised Account Management System ("CAMS") and dark web reports.

•Analyzes fraud losses and trends and makes recommendations to the BSA & Financial Crimes Manager concerning adjustments of the parameters of the fraud detection systems.

•Assists the BSA & Financial Crimes Manager in preparing reports for management and the Board of Directors to illustrate current and past fraud trends. Reconciles and clears fraud suspense general ledger accounts while producing regular reconciliation reports.

•Report fraudulent activity that meets Bank Secrecy Act reporting requirements to the Bank Secrecy Act Analysts.

•Assists the BSA & Financial Crimes Manager with training of credit union employees as needed, in-person and through other forms of media.

•Works with law enforcement in all phases of case and hearing investigation including, retention and documentation of case files digitally. Serves as the point of contact for financial crimes investigations and represents SAFE at all legal hearings.

•Participates in fraud prevention organizations in order to build local, state, and federal law enforcement support and partnerships and stay up to date on current fraud trends and activities.

•Other duties as assigned.

SUPERVISORY RESPONSIBILITIES:

None.

PERFORMANCE STANDARDS:

Works cooperatively with all staff to implement and maintain the highest level of conformance to compliance requirements.

QUALIFICATION REQUIREMENTS:

Experience must include: (1) the exercise of tact, initiative, ingenuity, resourcefulness, and judgment in collecting, assembling, and developing facts, evidence, and other pertinent data through investigative techniques, which included personal interview; (2) the ability to make oral and written reports and presentations of personally conducted or personally directed investigations, examinations, or inspections; AND (3) the ability to analyze and evaluate evidence and arrive at sound conclusions. To be qualifying, this experience must have been acquired in investigative work related to the accounting or auditing of business or consumer practices of subjects investigated. You will also perform other investigative and enforcement duties as assigned.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.Individual should be able to work with limited supervision following established guidelines and procedures. The requirements listed below are representative of the knowledge, skill, and/or ability required.Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Regulatory Requirements:

This position has specific procedures that must be followed to comply with Privacy Act, Office of Foreign Assets Control ("OFAC"), and Bank Secrecy Act and USA Patriot Act. Annual training will be received to keep current on any changes to these policies/procedures to assure compliance.Failure to comply with procedures may cause termination of position as well as possible monetary penalties from the federal regulatory agency.

EDUCATION and/or EXPERIENCE:

•At least 3 years banking experience or related investigative experience with emphasis on white collar crime and/or fraud.

•Experience in the areas of VISA Operating Regulations, Identity Theft (Red Flag), Uniform Commercial Code (UCC) check warranties, and fraud investigation preferred.

•Knowledge of regulations and requirements as they relate to the financial services industry with an emphasis in AML, BSA, USA Patriot ACT, OFAC & FACT Act regulations.

•Demonstrated ability to evaluate risks and communicate relevant risks to the business in a simple, decisive, timely, and market-appropriate manners

LANGUAGE SKILLS:

Ability to read, analyze, and interpret and communicate regulatory information and technical procedures relating to a credit union operation.Ability to write reports, business correspondence, and procedure manuals.Ability to effectively present information and respond to questions from groups of managers, directors, employees, and members as required.

MATHEMATICAL SKILLS:

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages.Ability to apply concepts of basic algebra and geometry.

REASONING ABILITY:

Ability to define problems, collect data, establish facts, and draw valid conclusions.Ability to interpret an extensive variety of regulatory and technical instructions in several abstract and concrete variables.

CERTIFICATES, LICENSES, REGISTRATIONS:

Fraud certifications preferred (i.e. Certified Financial Crimes Investigator (CFCI) certification, Certified Financial Crimes Specialist (CFCS), Certified Fraud Examiner (CFE), Certified Cyber Crimes Investigator (CCCI)). Appropriate designation will be obtained within 2 years from date of hire if certification not already held after consultation and agreement with direct Supervisor.

OTHER SKILLS and ABILITIES:

Ability to operate a PC to access the credit union's accounting system, member account information, spreadsheets, and on-line is required.Basic input, output, error correction, general ledger account structure knowledge essential to be able to perform the job is required.

Basic proficiency in Microsoft Office (Work, Power Point and Outlook) is required. Very strong Excel skills to include manipulation of large transactional data sets required.Annually complete and achieve passing scores on various SAFE FCU Policy, Procedure, Development and Enhancement Curriculum.

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to talk or hear.The employee frequently is required to use hands to finger, handle, or feel objects, tools, or controls.The employee is occasionally required to stand; walk; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl.

Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.Occasionally lift/and or move up to 35 pounds.

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually low to moderate.

MENTAL DEMANDS:

The mental characteristics necessary to competently perform this job include the need to occasionally use basic and complex numeric calculations, persuasiveness, and creativity; to frequently use resourcefulness, and problem solving; and to continuously use analyzing skills.