Risk Operations Manager

Job Description

Job Description

Here at SFCU we define our culture as one of GROWTH . Growing our member , growing our employee , and growing our organization . This is a great opportunity to join our innovative and growing SFCU team. In this role, you will support the vision, mission, and goals of the Credit Union by overseeing all aspects of the BSA / AML / OFAC and fraud program, policies, and procedures. Your role will be to develop, implement, and monitor all aspects of the BSA / AML / OFAC and fraud programs to ensure compliance with regulations and protect the safety and soundness of the Credit Union, while also managing the Risk Operations team and functions.

Reporting : Hybrid role requires some on-site reporting with remote capabilities.

Compensation : $80,392 - $100,506

Benefits : Sfcu benefits statement :

SFCU offers a comprehensive benefits package including 401K, wellness benefit options, paid time off, federal holiday pay and NYS sick time. In addition, SFCU fosters employee development through career pathing and a tuition assistance program.

Essential Functions & Responsibilities :

Coordinate credit union operations as they pertain to all aspects of BSA / AML / OFAC and fraud, which include developing, maintaining, and implementing policies and procedures to detect and prevent fraudulent activity on an annual basis. Provide recommendations on process improvements and efficiencies.

Complete the annual BSA and OFAC Risk Assessments.

Responsible for leading and managing the Risk Operations team. Oversee all department processes and procedures to ensure effectiveness and efficiency.

Identify areas of risk for the credit union and determine the significance of each. Oversee implementation of appropriate measures to diminish risk.

Conduct or direct periodic tests and audits of systems and records to ensure compliance with established policies and procedures.

Work with appropriate department heads, manager, or VP on all incidents of internal / external fraud or theft. Assist internal and external members concerning issues involving legal representation and authorities related to risk related issues.

Ensure that executive management and other concerned parties are kept fully informed of high-risk areas or events, internal fraud or theft, or any other relevant matter. Prepare reports for management to advise on the status of current investigations and loss totals.

Conduct, coordinate, and direct internal BSA / AML, fraud, scams, and compliance training and education on an annual basis.

Act as administrator and for BSA / AML and fraud software. Coordinate with vendors and internal departments to handle software issues, updates, accuracy, and configurations.

Timely and accurately review and investigate acknowledged alerts in the BSA / Fraud monitoring software. Ensure accuracy and timeliness of completed assignments, files, and reports. Assist with completion of newly generated alerts as necessary. Oversee the review of BSA, OFAC, 314a, 314b, fraud, and other watch list alerts; ensuring completion and accuracy.

Conduct timely and accurate investigations of fraudulent activity to ensure minimal loss to the organization and membership. Work with law enforcement to coordinate and assist with investigations and provide requested documentation for BSA / Fraud subpoenas. Attend court proceedings as necessary to assist in the recovery of funds for the CU and / or membership.

Review prepared Currency Transaction Reports and Suspicious Activity Reports. Ensure accuracy and completion of the reports and file within the regulatory deadlines.

Attend and participate in staff and management meetings, planning sessions, district meetings, or other related meetings and conferences as deemed appropriate. Develop and conduct presentations as requested.

Keep abreast of all related responsibilities, including federal regulations and restrictions by taking advantage of educational opportunities as well as participating in various committees and councils.

Maintain the confidentiality of data reviewed and reports that are filed or considered for filing.

Perform other related duties as assigned.

Equal Opportunity Employer / Veterans / Disabled. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability .

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