Fraud Specialist
River Bank & Trust
- Auburn, AL
- Permanent
- Full-time
- Assist with the alert workload and the monitoring for suspicious patterns/activity and fraud, conduct suspicious activity report investigations, as well as high risk customer/account reviews, and recommend when to file a Suspicious Activity Reports (SARs).
- Conduct enhanced due diligence reviews which entails research, the gathering of documents, composing a well written narrative, making appropriate recommendations, and assigning appropriate risk factors.
- Perform 90-day SAR follow up reviews when assigned; recommending whether continuing activity SAR should be completed.
- Ensure proper identification and adherence to the Bank's BSA Program including, but not limited to; CIP, CDD/EDD/BO, OFAC and record keeping and retention requirements.
- Ensure high risk files remain current, accurate, and well-documented.
- Assist with gathering information for the Money Laundering Risk (MLR) and fraud reporting process.
- Participate in ongoing training to maintain current knowledge of current fraud trends, BSA/AML and OFAC regulatory requirements.
- Assist in the compliance of 314(a) and 314(b) responsibilities.
- Monitor potential OFAC matches and take appropriate action to escalate them when necessary.
- Other duties may be assigned by the BSA / AML Officer.
- Complies with federal and state regulations and all established bank policies and procedures.
- High School diploma or equivalent
- 1-2 years BSA/AML and/or bank operations experience preferred
- Stay familiar with and follow policy and procedures.
- Support Management's decisions and goals in a positive, professional manner.
- Stay abreast of regulatory requirements and complete annual compliance training applicable to the position.
- Must have excellent analysis, observation, and decision-making skills.
- Attend work on a regular basis, on time, and withstand varying degrees of stress.
- High degree of accuracy.
- Strong organization skills; able to manage priorities and workflow.
- Ability to work independently and as a team member.
- Assuring customer service is top priority whether internally or externally; treating customers and employees professionally, with courtesy and respect.
- Integrity, discretion, and respect for confidential information are absolutely essential.
- Willingness to adapt to change.
- Work within a variety of different software and web applications.
- Excellent interpersonal and communication skills.
- Maintaining a professional, business-like appearance and demeanor.
- Proficiency in Microsoft Office products to include: Word, Excel, and Outlook.