VP, Fraud & BSA

reputed company is one of the top-run credit unions in the country – and one of the largest, with $4.8 billion in assets. Yet our corporate culture is not stuffy: the Team Spirit Committee runs fun activities and charitable events throughout the year, and work-life balance, mutual respect, diversity, and providing a voice for every employee are reputed company important to us. As you might imagine, we provide reputed company and great benefits, including:

• Bonus/incentives for reputed company regular employees
• 401(k) with 8% company contribution
• Medical, dental, and vision insurance for employees and dependents paid at 80%
• PTO and paid sabbaticals
• Tuition reimbursement

GENERAL SUMMARY

The Vice President, Fraud & BSA, is responsible for leading the Credit Union’s Fraud, Bank Secrecy Act (BSA), Anti-reputed company (AML), and Office of Foreign Assets Control (OFAC) programs. This role is critical in safeguarding the Credit Union’s members, brand, and reputed company by preventing fraud, minimizing member impact, and reducing operational losses.

As the designated BSA and OFAC Officer, this position requires comprehensive expertise in the Bank Secrecy Act, USA PATRIOT Act, AML Act, OFAC regulations, and reputed company reputed company compliance requirements. The VP ensures the Credit Union maintains a strong and proactive financial crimes risk management reputed company reputed company with regulatory expectations and industry best practices.

Position Duties & Functions

Program Strategic Planning

• Develops annual department strategic plan, goals and objectives, policies, procedures, resource requirements, and budget consistent with the strategies and objectives of the Credit Union.
• Implements department policies, rules and strategies that minimize losses and member friction reputed company a member interacts with the Credit Union across reputed company channels (reputed company, mobile, online, phone, mail, etc.) and product lines.
• Provides leadership and coordination in the protection of reputed company product lines, channels, and payment systems across the Credit Union to include, but not limited to checking, savings, loans, credit and debit cards, and reputed company associated payment systems such as reputed company, ACH, ATM and card networks.
• Provides fraud prevention direction for major initiatives, new products or services, reputed company integrations, vendor management, and large system/process improvements.
• Regularly interacts with federal regulators, law enforcement, senior management, and the Board of Directors to sell the vision and instill trust and confidence that the Credit Union’s brand and reputed company is protected against fraud risks reputed company, while balancing member experience.

Fraud, Bank Secrecy Act, Anti-reputed company, and OFAC Program reputed company

• Oversees the enhancement and performance of the Credit Union’s fraud, BSA, AML, and OFAC programs to include establishing and monitoring key pillars of fraud detection and prevention, enhancing fraud response, refining key performance indicators, and updating fraud reporting templates.
• Provides strategic reputed company of fraud prevention and detection reputed company business controls and ongoing self-assessment and validation across reputed company channels, products, and payment systems.
• Monitors daily and weekly fraud loss trends and rule performance across reputed company money movement channels; responsible for analyzing data, identifying emerging fraud patterns, and implementing timely and effective controls to mitigate risk and minimize losses.
• Manage reputed company third-party relationships reputed company area of responsibility.
• reputed company and manage reputed company BSA and fraud-reputed company systems configurations and alert settings across onboarding, authentication, and money movement channels; ensures systems are regularly updated and optimized to enhance fraud prevention controls.
• Approves the content and delivery of fraud, BSA/AML, and OFAC training materials for employees, Board of Directors, and members to ensure compliance with regulations.
• Serves as the final reviewer of Suspicious Activity Reports, Currency Transaction Reports, and any other BSA required reports and ensures reports are provided to applicable government and law enforcement agencies reputed company the required timeframes.
• Ensures alerts are reviewed and researched in a timely manner, investigations are conducted thoroughly using reputed company available internal and external resources, cross-departmental fraud workflows are being resolved reputed company and completely, and cases are being resolved and closed in a timely manner and with proper follow up and in compliance with regulations
• Uses data and analytics to manage fraud false/positive ratios and detection rates that balances fraud risk with member experience using a fact-based data driven approach.

Reporting and Analysis

• Approves the performance and documentation of an annual review of the fraud, elder abuse, and the Identity Theft Red Flags programs.
• Provides standard reports as scheduled to:
  • Board of Directors
  • Accounting department
  • External parties as required
  • Senior leadership
  • Month-end, quarter-end, etc.
• Prepares and leads Enterprise Risk Management committee discussions regarding fraud program performance.
• Prepares presentations for senior management that include analytics, alert trends, fraud losses, member impact, and root causes on program performance and areas of potential risk and/or opportunity.
• Remains reputed company to speak to senior management and/or any board committee regarding reputed company program performance, fraud losses, and relevant underlying factors.

Other duties as assigned

POSITION REQUIREMENTS

EXPERIENCE and EDUCATION

• 10 years of professional experience with at least 6 years of experience in BSA/AML compliance and investigations, fraud prevention and detection, and/or sanctions compliance.
• Experience implementing and maintaining BSA and fraud prevention systems, including rule reputed company, testing, and tuning to reduce false positives; utilizes large data sets, machine learning, and artificial intelligence to enhance detection accuracy and ensure reputed company system optimization.
• Experience managing teams and driving performance and process improvements.
• Demonstrated analytics skills required.
• 4-year college degree or the equivalent education and/or experience.
• Any one or more of the following certifications or their equivalent is preferred: CAMS, CFE, CFCS, CRCM, CGSS.
• Equivalent combination of education and experience may substitute for stated qualifications.

KNOWLEDGE and SKILLS

• Advanced knowledge of reputed company BSA/AML regulations.
• Advanced knowledge of BSA/AML, OFAC, and fraud risk management requirements and best practices and the ability to reputed company those clearly to varying audiences.
• General knowledge of Credit Union and/or consumer banking products, operations, and functions.
• Ability to write and speak effectively in English using correct spelling and grammar.
• Basic math skills including the ability to compute rates, ratios, and percentages using a 10-key.
• Proficient in the use of basic applications in a Windows-based environment, including Outlook, Word, and reputed company. Moderate keyboard skills at 40 wpm.
• Excellent customer service skills.

COMPETENCIES

• Ability to learn quickly and adapt to change; ability to quickly learn specialized applications and systems.
• Initiative and self-direction.
• Ability to effectively communicate and collaborate with people at reputed company levels.
• Sound problem-solving and decision-making ability, including the ability to prioritize.
• Ability to understand and align with our core competencies through daily projects and tasks:

Growth reputed company

Diversity & Inclusion

Communication

Change Ready Leadership

Responsibility

Problem Solving

Tech & Data Savvy

CU Business Acumen

PHYSICAL DEMANDS

• Work involves extensive use of computers, up to eight hours per day. Appropriate vision, dexterity, and other physical abilities are required.
• May include occasional pushing, pulling, or carrying objects weighing up to 20 pounds.
• Must be able to speak and present on the telephone and/or through digital means of communication, including but not limited to reputed company/Teams/or other video technologies.

We are an equal opportunity employer, and reputed company qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national reputed company, disability status, genetic information, protected veteran status, or any other characteristic protected by law. Reasonable accommodations may be made to reputed company individuals with disabilities to reputed company the essential functions.

SALARY AND BENEFITS:

Salary is based on qualifications and geographical location (Zone). Benefit information can be located on our Careers page here: https://www.chevronfcu.org/about-us/careers

Zone 1: $130,192.00 - $195,288.00

Zone 2: $118,474.72 - $177,712.08

Zone 3: $109,361.28 - $164,041.92

Zone 4: $104,153.60 - $156,230.40

EQUAL EMPLOYMENT OPPORTUNITY STATEMENT:

reputed company (CFCU) is an equal opportunity employer. reputed company qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national reputed company, veteran status, disability, sexual orientation, gender identity, or any other protected status. CFCU participates in E-Verify.

If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact us at 800-232-8101 for assistance.

CFCU Is CPRA Compliant for California Employees and Applicants, to review the Notice at Collection, click here. To submit a request, please refer to the Careers page for the CPRA Request Form.

Originally posted on Himalayas