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

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

To 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

To 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. To 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 To 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.

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 provided 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 trends, red flags and recommend preventive measures to business units and management

Collaborate with other business units to gain an understanding of transactions, processes and procedures, their impact on other business units processes and procedures, and identify risk potential for fraud or other suspicious activity

Support day-to-day OFAC operations, including completing scans of members and other parties as required by Navy Federal's risk-based policies

Perform ad-hoc analyses/scanning against OFAC/other lists when necessary - complex/Unusual

Review and analyze recommendations by junior level staff for quality control, and make decisions and inform management regarding rejecting or blocking of funds

Complete required training as directed by policy/supervision

Identify training opportunities and assist in the development of junior level staff and business unit partners

Support projects related to sanctions evasions, fraud or money laundering detection, prevention or root cause analysis

Maintain required documentation for NCUA, Internal Audit and government law enforcement agencies

Maintain knowledge of applicable federal/ state laws, rules, regulations, and Navy Federal policies and procedures

Performs other duties as assigned

Expert knowledge of applicable federal and state laws, rules and regulations (e.g., Bank Secrecy Act, USA Patriot Act, and OFAC regulations)

Experience in leading, guiding and mentoring others

Expert knowledge of fraud and/or money-laundering trends and threats

Significant experience to applying various analytical techniques used in determining and resolving fraud and identity theft in transactions and membership applications

Extensive experience in working with all levels of staff, management, stakeholders, vendors

Ability to maintain confidentiality and demonstrate integrity

Effective skill in results-oriented leadership in a challenging environment

Expert skill managing multiple priorities independently and/or in a team environment to achieve goals

Expert skill assimilating information, analyzing facts, and developing logical conclusions

Expert skill exercising initiative and using good judgment to make sound decisions

Expert organizational, planning and time management skills

Expert investigative, research, analytical, and problem-solving skills

Expert skill following, interpreting, and applying relevant data/instructions to guidelines, procedures, practices, and regulations

Expert active listening skills to accurately respond to inquiries and account requests

Expert skill building relationships through rapport, trust, diplomacy, and tact

Expert skill to influence, negotiate, and persuade to reach agreeable exchange and positive outcomes

Expert verbal and written communications skills

Expert word processing, spreadsheet, and presentation software skills

Bachelor's degree in Business Administration, Criminal Justice, Finance, or related field, or the equivalent combination of education, training, and experience

Desired Qualifications

• Familiarity with Navy Federal products, services, programs, policies, and procedures
• Experience in the field of anti-money laundering and/or risk management
• Fraud or AML Certifications: Certified Fraud Examiner, Certified Anti Money Laundering Specialist, etc.
• Bachelor's degree in Business Administration, Criminal Justice, Finance, or related field

Hours

Monday - Friday, 8:00AM - 4:30PM

Locations

820 Follin Lane, Vienna, Virginia 22180