UW CREDIT UNION - UNIVERSITY AVE Loss Prevention Compliance Specialist in MADISON, Wisconsin

JOB REQUIREMENTS: Responsibilities: 1) Loss Prevention Compliance Monitoring & Reporting - 45% a. Assist BSA Officer in the day-to-day monitoring of BSA/AML/Patriot Act compliance functions including the Office of Foreign Assets Control (OFAC), currency transaction reporting, filing and annual reviews of exemptions, Risk Scoring, and identifying and referring suspicious or fraudulent activity. b. Perform complex financial transaction analysis to identify potential money laundering activities. c. Analyze and identify new criteria to eliminate false positives from systems to ensure maximum efficiency of Investigations. d. Develop and implement additional tools for monitoring suspicious activity. e. Quickly identify patterns and trends consistent with money laundering and/or fraudulent activities by monitoring member transactions and account activity. f. Seek opportunities to enhance AML detection processes and their supporting systems g. Assist BSA Officer with maintenance of systems utilized to monitor, track and identify suspicious activity. h. Accurately document analysis details within the UWCU's case management systems. i. Monitor requirements associated with BSA/AML and USA Patriot Act/OFAC compliance, and ensure systems perform accurately, and in accordance with the timeframes required by regulators. j. Submits Currency Transaction Reports (CTR) and Suspicious Activity Reports (SARS) to FinCen within appropriate timeframes. k. Update AML and other existing fraud and loss prevention reports on a continual basis to ensure the reports are current with any new risks identified. l. Maintain department policies and procedures in support of the Credit Union's BSA/AML and USA Patriot Act programs. m. Coordinate efforts with Loss Prevention to ensure ID Theft Program compliance. 2) Loss Prevention & Compliance Initiatives - 25% a. Work collaboratively to coach, guide and train staff throughout the organization in BSA, AML, and USA Patriot Act, OFAC, ID Theft Prevention and loss prevention functions. b. Work with BSA Officer and management to support AML and fraud investigations across multiple departments (i.e. branch offices, lending, etc.). c. Communicate process or procedural changes as they relate to AML and loss prevention initiatives by publishing updates, operational bulletins, and via email to CU staff. d. Develop solutions and continually improve processes to protect the CU and its membership from becoming unwitting facilitators of money laundering and/or fraudulent activity. e. Assist with internal and external audits and examinations. Participate in recommendations and fulfillment of any changes to assure compliance and prevent repeat findings from previous audits or examinations from occurring. f. Participate in any related system release testing and implementation. g. Develop and implement projects to benefit compliance and loss prevention initiatives. h. Work with other Loss Prevention team members to coordinate monitoring, training and investigations relating to fraud and suspicious or fraudulent activity. i. Process law enforcement requests including subpoenas, etc. j. Support Id Theft Prevention program and assist with reporting requirements. Work collaboratively within the Loss Prevention team to address issues and/or regulations. 3) Compliance and Technical Knowledge - 20% a. Maintains a working knowledge of Credit Union products and systems within multiple lines of business to ensure compliance requirements are met. b. Maintains a working knowledge of applicable regulations to ensure policies and procedures are in compliance. Regulations include Bank Secrecy Act, USA Patriot Act, Office of Foreign Assets Control, as well as other banking and compliance regulations. UW Credit Union is proud to be an Equal Opportunity and Affirmative Action Employer of Minorities, Protected Veterans, Women, and individuals with Disabilities. ***** OTHER EXPERIENCE AND QUALIFICATIONS: - 2-3 ye rs of experience with AML/BSA compliance or loss prevention related field within the financial industry. - Demonstrated ability to thoroughly research and organize data. - Experience working with sensitive and confidential member data regarding suspicious account activity. - Demonstrated knowledge of industry trends, practices, and risk mitigation as it relates to fraud. - Demonstrated ability to multi-task in a fast paced environment and consistently meet deadlines. - Ability to use a personal computer and related software including, Word, Excel and Microsoft Outlook. - Proficient in various reporting and information system retrieval tools including Access Database, ICMS Case - Management, and Verafin software applications. - Programming or SQL database knowledge beneficial. - Effective oral and written communication skills. - Must have strong public speaking and presentation skills. ***** APPLICATION INSTRUCTIONS: Apply Online: ipc.us/t/DDBB789C51C14A49