Business Analyst: Governance, Risk, and Compliance
Position Number: Bus Analyst_
Location: San Jose, CA
The Governance, Risk, and Compliance (GRC) Business Analyst (“Analyst”) is responsible for utilizing detection systems, reports, and data to detect the presence of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Fraud related activities. The Analyst is responsible for performing diverse and complex analysis, research, and investigation of member data, account information, and behaviors to identify suspicious or illegal activity. Once detected, the Analyst will take any prevention/recovery/mitigation efforts required to avoid organizational loss and document the information for reporting purposes. The Analyst will also be responsible for analytic reporting within the Enterprise Risk Management group. The Analyst will serve as recording secretary on committees as directed as well as serve as back up for recording minutes at the Board of Director
MAJOR RESPONSIBILITIES / DUTIES
Monitor organizational systems, reports, and data to identify suspicious activity with fraud or BSA/AML implications. The aforementioned systems, reports, and data include but are not limited to: internal and external systems, memberships/accounts, wire transfer activity, ACH activity, NSF/Kiting activity, Money Service Businesses (MSB) lists, Negotiable Instruments activity, Structuring activity, Currency Transaction Reports (CTR), Customer Identification Program (CIP) reports/data, High Risk lists, ID Verification reports/data, Office of Foreign Assets Control (OFAC) lists, and Financial Crimes Enforcement Network (FinCEN) 314(a) and 314(b) requests.
Research and investigate alerts, reports, and data to confirm or refute the presence of fraud or BSA/AML activity for recovery/mitigation and/or investigative reporting purposes. Notification to the BSA Officer on BSA/AML related matters will be made as required.
Maintain understanding of operational processes, policies, products/services, and systems. Prepare reports for filing with appropriate regulatory, investigative, or internal management. Deliver presentations to management, as needed.
Identify and communicate trends and/or process gaps to management as observed during system, reports, data review.
Communicate matters of Fraud or BSA/AML to appropriate law enforcement, regulatory, or governmental agency(ies).
Maintain records and documentation as related to BSA/AML and Fraud programs.
Provide input on streamlining and automation of procedures/processes and related policies.
Review, file, and track CTRs to ensure deadline compliance.
Review FinCEN 314(a) and 314(b) Information Sharing requests for information and prepare responses.
Perform analytic reporting for ERM including, but not necessarily limited to, FICS reports, ARM Analysis reports, Critical Data Change reports (deposits/loans) and CD Rate Change reports.
Serve on projects and committees as assigned – Serve as Secretary or minute taker on designated committees. Serve as back up to Governance Analyst in relation to Board of Directors meetings.
Responsible for educating the internal workforce on matters related to Fraud, AML/BSA, and other areas of governance.
Supports the Credit Union’s Mission & Vision and Lives the Tech CU Values (Accelerate, Collaborate, Innovate, & Cultivate).
Meets on a monthly basis with manager to discuss goal alignment, performance metrics, and development plans.
Adheres to Policies & Procedures put forth in employee handbook; upholds employee Code of Conduct/Ethics, and ensures confidentiality of the workplace.
The employee will comply with all rules and regulations as defined by applicable regulatory agencies. The employee will also adhere to all internal controls and security measures designed to ensure regulatory compliance with State and Federal laws.
Typically has at minimum:
Education: Bachelor’s Degree or equivalent
Experience: Typically has less than 5 years of similar or related experience in disciplines of Fraud/BSA/AML to include financial institution policies and procedures, operations, and analytical skills in the risk management area. Suspicious Activity Report (SAR) completion experience desired. Affiliations with various fraud and/or BSA/AML associations and special designations such as CFE, CFS, CFCI, CFCS, or CAMS are also desired.
Knowledge/Skills: Detail oriented, excellent analytical, verbal, written, and communication skills. Must be proficient using Microsoft Word, Excel, Access, PowerPoint and other software packages. Good interpersonal skills and the ability to coordinate/communicate with individuals at all levels of the organization. Ability to balance risk management with customer service in every day duties.
Physical Requirements: Sit 95% of the day. Keyboard and read computer screen for 90% of time during which one is seated.
THIS POSITION DESCRIPTION IN NO WAY STATES OR IMPLIES THAT THESE ARE THE ONLY DUTIES TO BE PERFORMED BY THE INCUMBENT EMPLOYEE. HE OR SHE MAY BE REQUIRED TO FOLLOW OTHER INSTRUCTIONS AND TO PERFORM OTHER DUTIES/PROJECT RESPONSIBILITIES AS DIRECTED BY HIS OR HER MANAGER.
Starting Pay Range: