Fraud Specialist

As a trusted partner and friend, River Bank & Trust helps our neighbors and the businesses in our communities to reach their financial goals.

Position Summary: The Fraud Specialist position is responsible for ensuring compliance with the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) policies and procedures and the applicable federal regulations to protect the company from being used as a conduit for illegal and/or fraudulent activity. The BSA/AML program includes Currency Transaction Reports (CTRs), Office of Foreign Asset Control (OFAC), Suspicious Activity Reports (SARs), Customer Due Diligence (CDD), and Customer Identification Program (CIP) and other fraud monitoring reports/alerts.

Essential Duties And Responsibilities

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The essential functions may include, but are not limited to the following:

• Assist with the alert workload and the monitoring for suspicious patterns/activity and fraud, conduct suspicious activity report investigations, as well as high risk customer/account reviews, and recommend when to file a Suspicious Activity Reports (SARs).
• Conduct enhanced due diligence reviews which entails research, the gathering of documents, composing a well written narrative, making appropriate recommendations, and assigning appropriate risk factors.
• Perform 90-day SAR follow up reviews when assigned; recommending whether continuing activity SAR should be completed.
• Ensure proper identification and adherence to the Bank's BSA Program including, but not limited to; CIP, CDD/EDD/BO, OFAC and record keeping and retention requirements.
• Ensure high risk files remain current, accurate, and well-documented.
• Assist with gathering information for the Money Laundering Risk (MLR) and fraud reporting process.
• Participate in ongoing training to maintain current knowledge of current fraud trends, BSA/AML and OFAC regulatory requirements.
• Assist in the compliance of 314(a) and 314(b) responsibilities.
• Monitor potential OFAC matches and take appropriate action to escalate them when necessary.
• Other duties may be assigned by the BSA / AML Officer.
• Complies with federal and state regulations and all established bank policies and procedures.
  
  

Minimum Qualifications

• High School diploma or equivalent
• 1-2 years BSA/AML and/or bank operations experience preferred
  
  

Skills, Abilities & Expectations

• Stay familiar with and follow policy and procedures.
• Support Management's decisions and goals in a positive, professional manner.
• Stay abreast of regulatory requirements and complete annual compliance training applicable to the position.
• Must have excellent analysis, observation, and decision-making skills.
• Attend work on a regular basis, on time, and withstand varying degrees of stress.
• High degree of accuracy.
• Strong organization skills; able to manage priorities and workflow.
• Ability to work independently and as a team member.
• Assuring customer service is top priority whether internally or externally; treating customers and employees professionally, with courtesy and respect.
• Integrity, discretion, and respect for confidential information are absolutely essential.
• Willingness to adapt to change.
• Work within a variety of different software and web applications.
• Excellent interpersonal and communication skills.
• Maintaining a professional, business-like appearance and demeanor.
• Proficiency in Microsoft Office products to include: Word, Excel, and Outlook.
  
  

Physical Demands

The employee will occasionally lift and/or move up to 25 pounds. The employee will regularly sit; talk; hear; and use hands to finger, handle or feel. The employee will occasionally stand; walk; reach with hands and arms; climb and balance; and stoop, kneel, crouch, or crawl. Special vision requirements include close, distant, and peripheral vision; depth perception; and the ability to adjust focus. The noise level in the work environment is usually moderate. The work environment and physical demands are those of a standard retail branch setting. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

Disclaimer

The above information has been designed to indicate the general nature and level of work performed within this job. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to the job. Incumbent must attend work on a regular basis, on time, and withstand varying degrees of stress. This position description describes the minimum selection requirements to qualify for the position. Promotion and other employment decisions are based on employer needs, being in good standing, fully competent performance, and other non-discriminatory subjects.