FIA IV (QC, BSA/AML, Fraud & OFAC)

About the role

Navy Federal Credit Union currently does not provide sponsorship for this role. Applicants must be authorized to work in the United States without the need for current or future sponsorship.

BSA/AML: Perform complex research and analysis of Navy Federal account activity to identify red flags and suspicious activity in personal and business accounts. Perform in-depth risk reviews and document enhanced due diligence, including activity trend analysis. Maintain knowledge of BSA/AML history, regulations, and industry guidance. Support Business Unit staff in complying with established BSA/AML policies and procedures. Maintain familiarity with typical legal business structures and normal activity by business industry. Work is under general direction.

OFAC: Support day-to-day Office of Foreign Assets Control (OFAC) operations, compliance analyses and projects across the enterprise in compliance with Navy Federal's BSA/AML & OFAC Compliance Program. Respond to ad-hoc OFAC related queries and provide subject matter expertise to partner business units when applicable. Maintain knowledge of OFAC history, regulations, and industry guidance. Work is under general direction.

Financial Crimes Quality Control: Perform research and analysis of Navy Federal Account activity related to suspicious transactions and identify red flags. Create and maintain Suspicious Activity Reports (SARs) associated with suspicious account activity requiring more complex research or in-depth investigation. Identify, review, and report suspicious activity and risk exposure across various delivery channels. Ensure adherence to applicable federal and state laws, rules and regulations. Work is under general direction.

Responsibilities

• Investigate various types of transactions/activities/cases (e.g., Anti-Money Laundering, Structuring) including reported or alleged loss of assets from various business channels
• Review junior level analyses, preparation, and completion of Suspicious Activity Reports (SARs) for quality control, and provide feedback or counseling, as required
• Collect evidence and related documentation via available systems and methods; ensure chain of evidence/documentation is maintained in accordance with federal and state laws, rules, regulations and Navy Federal's policies and procedures
• Monitor timeline from identification/notification of fraudulent/suspicious activity to closure, ensuring service level agreements and regulatory requirements are met
• Create detailed reports of investigations to include actions taken and results, including completing Suspicious Activity Reports (SARs) when appropriate
• Partner within Anti-Money Laundering functions to support high level investigations requiring SAR submission and documentation
• Research public record databases to identify, analyze and verify information related to primary investigations, validation reviews, discrepancies associated with information provided, and assess potential fraud risk
• Compile, prepare and maintain data for analysis and reference
• Detect fraud/money-laundering