Governance and Risk Analyst I
Position Number: GovernanceAn
Location: San Jose, CA
The Governance & Risk Analyst I is responsible for utilizing systems to detect the presence of Bank Secrecy Act/Anti-
Money Laundering (BSA/AML) and Fraud activities. Additionally, the Analyst will research, investigate, analyze and
recommend to management further action on data that reflects such activities. The incumbent will prepare regulatory
reports for the Board of Directors and Supervisory Committee.
These responsibilities and duties will be performed in full compliance with regulatory requirements and with adherence
to the policies, procedures and guidelines of Tech CU.
MAJOR RESPONSIBILITIES / DUTIES
Provide daily functioning and running of AML/BSA program, including:
? Monitor organizational systems, reports, and data to identify suspicious activity with fraud or BSA/AML
implications. These include but are not limited to: Guardian Analytics, Memento Security, eFunds, TLO, Yellow
Hammer BSA, 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)
? Review and make decisions on BSA/AML system alerts in a timely manner, documenting all steps and actions
? Research account transactions utilizing the organization’s internal systems to detect unusual patterns and
trends. Investigates and analyzes transactions for structuring, excessive cash, fraud, money laundering, and
terrorist financing schemes.
? Construct clear and concise Suspicious Activity Reports (SARs). Secures sign-off on SARs from the next level and
files them with the appropriate entity.
? Prepare case files and submit to the BSA Officer for review and action.
? Identify and monitor designated high-risk customers. Maintain awareness and understanding of BSA/AML
? Participate with ERM team members in accomplishment of business unit risk assessments.
? Provide recommendations for change in policy and procedure reflecting current regulatory environment or
Provide daily oversight in areas of fraud, including:
? Conduct external and internal investigations on fraud claims or suspicious activity.
? Gather evidence by interviewing witnesses and suspects, validating factual information and maintaining reports
of fraud/loss events.
? Determine the disposition of financial investigations. Maintain complete records of investigations in an
organized case file.
? Serve as a contact for local, state, and federal law enforcement agencies. Represent the organization in criminal
and/or civil proceedings for court.
? Conduct analysis of current fraud trends. Notify appropriate leadership of operational deficiencies. Provide
recommendations for changes in policy and procedures to mitigate risk.
? Inform appropriate individuals when losses are incurred by the organization, due to failure to follow policy
? Educate members and employees on appropriate steps to take when loss occurs or fraud is suspected.
Gather and compile data for report filings due to Board of Directors/Supervisory Committee, and
regulatory/investigative authorities on fraud and/or BSA/AML activity.
Assist leadership with the consolidation of Financial Investigation Unit (FIU) systems.
Participate in various cross-functional project teams to ensure that projects take into consideration the compliance
responsibility and function.
Identity Theft Prevention Program (ITPP)
Utilize organizational systems to prepare and submit management reports regarding known/reported identity theft
related to member accounts.
Supports the Credit Union’s Mission & Vision and Lives the Tech CU Values (Accelerate, Collaborate, Innovate, &
Meets on a monthly basis with manager to discuss goal alignment, performance metrics, and development plans.
Adheres to Policy & Procedure 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 is required.
Experience: Four or more years of directly related experience in disciplines of Law Enforcement Financial Crimes and/or 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 a must. Affiliation with various fraud and/or BSA/AML associations a plus as are special designations such as CFE, CFS, CFCI, or CAMS.
Knowledge/Skills: Detail oriented, excellent organization, verbal, written, and communication skills. Proficiency with 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: