Senior AML/Fraud Investigator

About the role

Brief Description Verity is hiring for a Senior AML/Fraud Investigator at our Seattle, WA Headquarters location. This is a remote position.

Responsibilities

• Conduct robust and independent end-to-end investigations of complex claims of potential illegal or suspicious activity to minimize potential losses, utilizing various data sources and investigation techniques.
• Analyze financial transactions, customer profiles, and account activities to identify potential money laundering, fraud, or suspicious activities.
• Monitor systems for potential fraud trends and all risk-related losses and ensure fraud cases are filed with the credit union’s insurance.
• Act as a liaison for local Police Departments and other financial institution’s fraud departments. Compile information to report fraud to local police departments and/or for court cases.
• Perform a variety of investigative duties to assist with compliance of the BSA, Office of Foreign Assets Control (OFAC), USA PATRIOT Act, and other AML program requirements.
• Maintain the BSA Program to ensure that the Credit Union is in compliance with all aspects of the Bank Secrecy Act. This includes aiding in the coordination and implementation of the Credit Union’s day-to-day compliance with BSA/AML/CDD/EDD/KYC/FinCEN/USA Patriot Act and related laws, regulations, policies, programs, initiatives, rules, and reporting requirements.
• Aid in the coordination and implementation of the Credit Union’s day-to-day compliance with BSA/AML/CDD/EDD/KYC/FinCEN/USA Patriot Act and related laws, regulations, policies, programs, initiatives, rules, and reporting requirements.
• Assist with BSA/AML/OFAC risk assessments annually or as needed with consideration to products, services, members, and geographies that may present BSA/AML/OFAC-related risk.
• Analyze and evaluate compliance risk and recommend changes to policies and procedures timely.
• Maintain an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and review and analysis of unusual/suspicious account activity.
• Keep abreast of new rules, regulatory changes, emerging financial crime patterns, and reputational risks to assist in the development, implementation, and revision of current policies and procedures.
• Prepare and write detailed Suspicious Activity Reports (SARs) to fulfill time-sensitive regulatory filing obligations.
• Utilize the Anti-Money Laundering (AML) case management tool and other internal systems to review and research suspect alerts and/or transactions and manage team workload while adhering to quality and performance.
• Act as a BSA and AML SME and correspond with credit union staff to enhance understanding of fraud, Red Flags, and the BSA/AML program.
• Serve as a mentor to the risk management team by providing SME coaching and feedback related to the credit union's BSA program.
• Participate and support risk management AML projects.

Requirements

• Bachelor’s degree in Finance, Accounting, Criminal Justice, Risk Management or a related field.
• Minimum of four or more years of investigative or related experience in the financial services industry with specific emphasis on BSA/AML, SDD/KYC, OFAC, and Fraud.
• SAR (Suspicious Activity Report) preparation and writing experience required.
• BSA certification required.
• Fraud certification preferred.

Qualifications

• Excellent communication skills, with the ability to articulate complex investigative findings, regulatory requirements, and fraud risks to stakeholders.
• Mastery in conducting thorough investigations, analyzing alerts in Verafin, performing account reviews for potential red flags, and making informed recommendations for case resolution.
• Proficient in handling complex cases involving fraud, BSA/AML, and regulatory compliance.
• In-depth knowledge of regulatory requirements, ensuring timely and accurate submission of CTRs, SARs, and other reports.
• Expertise in analyzing data from various systems (e.g., Verafin, DNA, WireExchange) to detect patterns, identify suspicious activities, and support decision-making in investigations and regulatory reporting.
• Proficient in utilizing various technologies and systems (e.g., Verafin, DNA, Check 21, WireExchange) to support investigations, transaction processing, and regulatory reporting.
• Strong critical thinking skills, enabling the analysis of complex situations, development of innovative solutions, and effective decision-making in high-pressure scenarios involving fraud, AML, and regulatory concerns.
• Ability to work effectively across departments, including collaboration with CRO, Human Resources, Internal Audit, and others in managing corporate and employee fraud cases, and ensuring comprehensive risk management.
• Advanced problem-solving skills by independently researching and resolving complex alerts and making well-informed recommendations.