Fraud Specialist

• The BSA & Fraud Specialist II conducts Anti-Money Laundering (AML) and fraud investigations, analyzes suspicious activity, and supports regulatory reporting requirements.
• This position independently manages routine and moderately complex investigations, identifies potential fraud and money laundering risks, prepares supporting documentation for regulatory filings, collaborates with internal and external partners, and ensures compliance with applicable Bank Secrecy Act (BSA)/AML regulations and credit union procedures.
• Monitor fraud and BSA related email boxes and be able to make sound decisions to determine next steps.
• Conduct ongoing review of transaction activity, alerts, reports, and cases to identify suspicious or fraudulent activity.
• Monitor and analyze transactions and alerts for signs of money laundering or fraudulent activity, determine if a case and further investigation are needed.
• Manage case investigations through completion, including analysis, documentation, disposition, and SAR referral when warranted.
• Review quarterly reports and analyze for suspicious activities.
• Conduct enhanced due diligence reviews for high-risk members.
• Investigate fraud-related activity including check fraud, ACH fraud, wire fraud, account takeover, elder exploitation, identity theft, and other financial crimes.
• Identify patterns, trends, and emerging fraud risks and escalate concerns to management.
• Conduct investigations that require strong time management, ability to multi-task, excellent judgement, and discretion.
• Utilize multiple tools and sources of information to make appropriate determinations regarding Credit Union responsibility and actions.
• Conduct 314(a) and 314(b) reviews. Analyze the data to determine next steps.
• Ensure compliance with applicable state and federal regulations, specifically regarding BSA and AML statutes.
• Assist with the development and creation of internal controls and procedures used to increase regulatory compliance and reduce financial risk.
• Draft Suspicious Activity Reports (SARs) and supporting documentation for management review and approval.
• Partner with front-line staff and leadership to ensure timely identification and escalation of suspicious or fraudulent activity.
• Act as a trusted advisor to business units on fraud trends, risks, and mitigation strategies.
• Communicate effectively across departments to balance member experience with fraud risk management.
• Participate in cross-functional meetings and initiatives related to fraud prevention, loss mitigation, and operational improvements.
• Conduct New Hire BSA training for all new employees of Horizon Credit Union. Prepare investigative reports, SAR documentation, regulatory filings, and case records. Support and assist branches and/departments in fraud situations by gathering information, writing reports, filing cases with law enforcement, assisting with bond claims, and maintaining files. File Currency Transaction Reports (CTR). Perform quality assurance on Currency Transaction Reports completed by Branch Operations and file with FinCEN. Assist with BSA/Fraud related procedure development and updates.

BSA & Fraud Specialist II conducting AML and fraud investigations for Horizon Credit Union

BSA & Fraud Specialist II

BSA & Fraud Specialist II conducting AML and fraud investigations and supporting regulatory reporting for Horizon Credit Union. Analyzing suspicious activity and ensuring compliance with BSA/AML regulations.

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BSA & Fraud Specialist II