BSA​/AML Investigator

BSA/AML Investigator

At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition reimbursement--available to all full and part time employees. Part time positions start at a minimum of 30 hours per week.

We encourage you to become a part of VyStar Credit Union's family of employees.

Assist the BSA/AML Manager in utilizing the BSA/AML Risk Mitigation framework that complements the overall Enterprise Risk Management (ERM) function, which is designed to identify, analyze, respond to, and monitor internal and external BSA/AML risks across various products and delivery channels and to assist VyStar in achieving its
1) mission to provide quality service and maintain fiscal soundness and
2) strategic goals and objectives.

Assist the BSA/AML Manager by reviewing and investigating unusual/suspicious member behavior and transactional activity and complete required Federal and State regulatory processing and reporting requirements. Recommend procedural and/or operational changes as well as any enhancements to the BSA/AML software to increase efficiency, ensure compliance, and to support sound risk-based decision-making processes. The BSA/AML Investigator reports directly to the BSA/AML Manager to support strong communication reporting channels and to recognize the importance of an effective BSA/AML program for VyStar and in support of the overall ERM function.

BSA/AML Risk Mitigation Framework:
Support the BSA/AML Manager in developing and maintaining BSA/AML risk mitigation framework. Maintain effective communication, ensure efficient workflow processing internally, and work with others internally and externally to VyStar.

BSA/AML

Risk Management:

Responsible for the continuous monitoring of activity for specific trends and patterns of activity using the BSA/AML software, which may present an increased risk of money laundering activities within VyStar.

Risk Intelligent Culture:
Assist the VP of BSA Risk Management & BSA/AML Manager in developing, promoting, and implementing a risk intelligent culture by maintaining strong collaborative relationships across the organization. Help to create and foster an increased understanding and awareness of business line managers' responsibility for risk assessment and management activities in their daily decisions making processes and procedural guidance as it relates specifically to BSA/AML risks.

In concert with the ERM function and VP of BSA Risk Management & BSA/AML Manager, provide advice and consult with line managers to support more information risk-based thinking and decision-making skills.

BSA/AML Risk Management Function:
Establish strong collaboration and sharing of expertise/knowledge between team members and the other areas under ERM and in conjunction with Internal Audit's assurance services. Specifically, responsible for the following day-to-day functions and activities:

• Responsible for thoroughly understanding all facets of the BSA/AML Program, alert processing, case formation and closure as well as ensuring consistent and sufficient documentation exists within the system to support the disposition of alerts, case files and regulatory reporting requirements.
• Make recommendations to better identify and mitigate emerging BSA/AML risks in response to changing behaviors and dictated by patterns and statistics.
• Responsible for the continuous monitoring of transactions, alerts, queues, and dashboards within the BSA/AML system to ensure timeliness of completion and to help identify specific patterns of transactions, which may present increased risk for fraud and/or money laundering activities within VyStar.
• Ensure timely processing and closure of cases in accordance with regulatory requirements.
• Document case files in a consistent, organized manner including all information obtained in the investigation to support the resulting decision of the claim, as well as for supportive documentation for criminal conviction, sentencing, restitution and insurance recovery in the BSA/AML software.
• Responsible for the quality and accuracy of information entered into the…