BSA & Fraud Specialist

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To support the Credit Union’s fraud mitigation and compliance programs, including those related to Bank Secrecy Act (BSA), USA PATRIOT Act, and Anti-Money Laundering (AML). This role ensures regulatory adherence through proactive monitoring, investigation, member support, and coordination with internal department and law enforcement. It additionally provides support to all employees in accordance with the Credit Union’s established policies, procedures, and core values. These responsibilities shall be discharged in an accurate and timely manner to ensure that the needs of the members and employees are served, the objectives of the Credit Union are met, and good member/employee relations are maintained.

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• Responsible for member marketing of the Credit Union and knowledge of all services offered to a degree that will enable answering questions or referring members for specific services.
  
• Responsible for keeping abreast of changes in applicable state and federal laws, regulations, and rules, and alerting management of potential impacts affecting policies or operations.
  
• Monitor fraud and AML detection systems (e.g., Verafin, Orpheus, Symitar) for suspicious activity such as account takeovers, wire fraud, and check kiting.
  
• Investigate internal fraud alerts and memberreported incidents; document findings, communicate with affected department, and track cases.
  
• Evaluate highrisk alerts, determine validity, take protective actions (e.g. limiting online access, shared branching, etc.), and contact members as needed.
  
• Serve as a primary point of contact for fraudaffected members and law enforcement; assist members through the fraud resolution process.
  
• Support staff by providing guidance for departments on BSA/AML/OFAC related issues.
  
• Maintain detailed records and log of fraud cases, including losses and recovery efforts, member communications, and interactions with law enforcement.; prepare regular reports on fraud trends and prevention efforts.
  
• Conduct daily OFAC verifications, assist in SAR preparation, and help ensure compliance with BSA/AML regulations.
  
• Assist with the review and completion of Currency Transaction Reports (CTRs)
  
• Assist with the administration and maintain W8 BEN documentation and dormant account audits.
  
• Support special compliance and fraudrelated projects as assigned by the BSA Compliance and Fraud Mitigation Officer.
  
• Assist with perform daily audits on the member database to include file maintenance reviews and dormant account reviews to ensure data integrity and compliance.
  
• Support the development and implementation of internal controls and employee fraud training programs.
  
• Performs other duties as assigned.
  

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The incumbent is authorized to take any action to carry out the responsibilities assigned by the BSA Compliance and Fraud Mitigation Officer or direct reporting structure so long as such action does not deviate from established policies and represents sound business judgment; except for specific limitations placed on the incumbent’s authority by specific assignments to other personnel.

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• Minimum Education: Associate or bachelor�s degree in criminal justice, Business, Finance, or related field preferred.
  
• Minimum Experience: 23 years experience in fraud prevention, BSA/AML compliance, or a financial institution setting. Prior experience with MVFCU may be considered in lieu of a portion of the above experience.
  
• Technical Skills: Strong knowledge of regulatory requirements, including BSA, AML, OFAC, and SAR reporting. Proficiency with fraud detection software (Verafin, Orpheus) and core banking systems. Excellent verbal and written communication skills, with the ability to interact with members and law enforcement. Detailoriented with strong analytical and investigative skills. Ability to manage sensitive information with discretion and confidentiality. Strong organizational and timemanagement skills. Proficient in use of computer software programs including Internet Explorer, Microsoft Word, Microsoft Excel, Microsoft Outlook, and a working knowledge of Microsoft Windows required, word processing at an accurate level of 40 wpm. Experience with Symitar�s Episys or similar Core processing software required. Strong analytical skills with a basic knowledge of all departmental functions, accounting, Information Systems and Operations.
  
• Personal Characteristics: Must demonstrate high integrity, professionalism, and sound judgment. Ability to maintain confidentiality, work independently, and interact effectively with members, staff, and law enforcement. Strong selfmotivation, organizational skills, and communication ability (written and oral) are essential. Must be able to lift up to 40 pounds.
  

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Matanuska Valley Federal Credit Union (MVFCU) is your local credit union. We offer more than just a job; we provide a fulfilling career with excellent benefits while serving the community we live in. MVFCU invests in its employees with competitive pay, generous health and wellness benefits, paid time off, and a 401k. Team members enjoy professional development opportunities, tuition reimbursement, and a healthy work-life balance. Our culture emphasizes our local roots, respect, collaboration, and a passion to serve our community. MVFCU is a place where employees feel valued, supported, and proud of the work they do every day.