BSA Fraud Analyst

Title: BSA Fraud Analyst

Department: Risk Management

Reports To: Compliance and Risk Manager

Job Grade: 9

FLSA: Non-Exempt Last Modified: 5/7/2025

It's a Job ... Only Better!

At UKFCU, we're more than a Credit Union - we're a community, and we've been proudly serving our members since 1937! As a rapidly growing, not-for-profit organization, we're dedicated to making a real difference in the lives of our members and employees alike. If you're looking for a workplace where you can grow, make an impact, and have fun while helping others, UKFCU is the place for you!

Why This Role Matters

As a BSA Fraud Analyst, you'll be at the front line of our efforts to protect UKFCU and its members from fraud, suspicious activity, and criminal behavior. You'll use advanced tools and investigative techniques to identify, evaluate, and report high-risk activity. By supporting BSA/AML compliance, responding to law enforcement inquiries, and ensuring timely reporting, your work will be critical to maintaining the security and integrity of our operations. You'll also play a key role in internal audits, training initiatives, and shaping a strong culture of risk awareness.

What You'll Do

Core Responsibilities

• Fraud Detection & Investigation: Monitor BSA/AML software to identify suspicious patterns and fraud scenarios. Investigate unusual activity and escalate findings to the BSA Fraud and Mitigation Officer and Compliance Risk Manager.
• Regulatory Reporting: Assist with the timely and accurate filing of Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) in compliance with BSA, AML, OFAC, and USA Patriot Act requirements.
• Law Enforcement & Subpoenas: Respond to information requests from law enforcement agencies and process subpoenas
• Risk Communication: Maintain and update internal risk tracking logs, returned check logs, and restricted accounts. Draft monthly Risk Reports to highlight trends and emerging threats.
• OFAC & FinCEN Monitoring: Conduct daily OFAC list screenings and FinCEN 314(a) data uploads, identifying and reporting potential matches to the BSA Fraud and Mitigation Officer.
• Internal Audit Support: Participate in internal audit activities, collect data, analyze findings, and ensure compliance with risk policies and procedures.
• Training & Education: Assist in delivering BSA/AML training across departments and senior management while supporting annual role-specific training.
• Technology Oversight: Monitor and manage the performance of the BSA/AML software system, serving as a liaison between Risk Management and Verafin.
• Program Development: Stay current on regulatory updates and assist in maintaining an effective BSA Program.
• Reporting & Analysis: Support credit union risk assessments and represent the BSA team in meetings impacting UKFCU's risk profile.
• Internal Communications: Manage BSA/Fraud dashboards and prepare a quarterly Risk Management newsletter with updates on regulations, training, and department news.

Who You Are

Experience & Education

• 3-5 years of similar or related experience in fraud investigation, BSA/AML, or financial compliance.
• Bachelor's degree in Business Administration, Finance, Accounting, Economics, or a related field.
• BSA Certification required within 12 months of hire and maintained thereafter.

Skills & Strengths

• Proficiency in financial calculators, spreadsheets, databases, and word processing tools.
• Ability to clearly communicate with individuals and groups and respond effectively to questions or complaints.
• Demonstrated sound judgment and analytical ability in problem solving and risk assessment.
• Ability to write reports, document procedures, and explain complex regulatory concepts.
• Familiarity with HTML programming is a plus.

Key Traits

• Detail-oriented with a strong sense of integrity and discretion.
• Professional, diplomatic, and member-focused.
• Self-starter who works well independently and as part of a team.
• Committed to accountability and continual learning in the field of risk and compliance.

What's in It for You?

• Competitive salary and industry-leading benefits.
• Opportunities for professional growth and leadership development.
• A chance to make a lasting impact on our members and the organization's future.

Legalese

Equal Opportunity Employer

UKFCU is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Employment decisions are made without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, veteran status, or any other characteristic protected by applicable law.

At-Will Employment

Employment with UKFCU is deemed "at-will," which means that either you or the company may terminate the employment relationship at any time, with or without cause or notice, unless otherwise provided by law.

Physical and Cognitive Demands

This role requires a blend of physical activity and mental focus to effectively perform its essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this role. Key physical activities include sitting, standing, walking, and occasional lifting (up to 25 pounds). You'll also use your hands for various tasks, reach with your arms, and engage in conversations. Vision requirements include the ability to focus, perceive depth, and distinguish colors. Cognitive abilities essential for this role include judgment, auditory perception, memory, reasoning, and occasional persuasion.

Work Environment

You'll primarily work indoors in a comfortable, climate-controlled office setting. The noise level is typically moderate, ensuring a focused yet dynamic work environment. Reasonable accommodations will be provided as needed to support an inclusive workplace.

This job description provides a general overview of the responsibilities and expectations for this role. It is not a comprehensive list of tasks, and employees may be asked to take on additional duties to support team success.