Risk Management Specialist (On-Site)

Risk Management Specialist

Yorktown, VA

1st Advantage Federal Credit Union is currently seeking a full-time Risk Management Specialist to support our Risk Management Department. Scheduled hours will be 40 hours per week between the hours of 8:30 a.m. to 5:00 p.m. Monday through Friday.

The Risk Management Specialist will be responsible for providing assistance in assuring Credit Union activities comply with applicable Bank Secrecy Act federal and state laws and regulations, and NCUA rules and regulations. Compiles, analyzes, and performs related assessments as required. Ensures management is informed of department updates and any significant issues. Supports the Credit Union's mission, goals, and initiatives through proactive compliance and fraudu2011risk mitigation efforts. This role also contributes to the Credit Union's Enterprise Risk Management framework through enhanced fraud monitoring, prevention, investigation, and colleague/member education.

1st Advantage Federal Credit Union has been serving members in the Hampton Roads community since 1951. We provide financial products and services that help members get ahead, while volunteering our time and resources to civic organizations and nonprofits that share our mission to improve life for each other. Be part of something special. Join 1st Advantage as a colleague and support our community members.

We offer market competitive compensation and a generous benefit package:

• Dollar-for-dollar matching 401(k) plan to 4% of earnings.
• Choice of three medical plans
• Flexible Spending Accounts
• Health Savings Accounts
• Choice of two Dental plans
• Vision
• Basic Life & AD/D Insurance - no cost
• Optional additional life insurance for colleagues, spouses, and children
• Long-term Disability Insurance - no cost
• Short-term Disability Insurance - no cost
• Employee Assistance Program - no cost
• Critical Illness, Accident, and Hospital Indemnity Plans
• Generous paid time off accrual program
• 11 Paid holidays
• Pre-paid legal services
• Pet Insurance
• Discounts on consumer loans and mortgages, increases on savings products, and much more!
• The budgeted hiring range for this position is between $21.60 per hour and $27.00. The final pay rate will be based on the selected candidate's experience and education relevant to the role. This position is also eligible for quarterly incentive payments based on individual and organizational performance.

To be considered for this opportunity, please submit your fully completed application and resume through our website.

See below for full job description.

Risk Management Specialist Essential Functions & Responsibilities:

• Monitors and analyzes financial transactions utilizing anti-money laundering (AML) software ensuring proper filing of Currency Transaction Reports and Suspicious Activity Reports. Conduct investigations alongside Law Enforcement Officials when deemed necessary. Monitor Bank Secrecy Act and Office of Foreign Assets Control (OFAC) compliance processes. Must maintain current working knowledge of AML software.
• Conduct and support fraud mitigation efforts including monitoring fraud alerts, documenting suspected fraud cases, and coordinating with internal departments during investigations. Assists in identifying fraud patterns, emerging threats, and control weaknesses. Supports chargeback processing, risk assessments, and maintenance of accurate fraud case files.
• Process requests for information through various sources to include SSA-SSI Medicaid, subpoena submission, Office of Foreign Assets Control (OFAC) and handle incoming calls from members and colleagues with requests for assistance.
• Assist in the development and maintenance of a strong professional risk management program and ensure banking regulations and statutory requirements are met. Maintain departmental procedures for business continuity purposes.
• Maintains professional business relations with internal/external support and technical service contacts. Maintains effective communications and coordination with organizational colleagues and management.

Performance Measurement:

• Maintain a high level understanding of compliance related policies with federal and state regulations.
• Assists department leadership with policy/procedural updates as laws change.
• Ensure accurate and proper completion and filing of Currency Transaction and Suspicious Activity reports.
• Assists in document production in relation to BSA Bank Secrecy Act and other regulatory audits and examinations.
• Maintain proactive approach for detection and prevention of suspicious activity, especially through use of automated tools.
• Assist with monitoring activities of regulatory requirements pursuant to the Anti-Money Laundering program and various industry regulations.
• Timely turnaround of requested documentation to colleagues and outside legal sources.
• Proactively demonstrates the 1st Advantage FCU core values of accountable, adaptable, driven, dependable, and fun.

Qualifications:

Experience Two to four years financial institution industry related experience.

Education A high school diploma or equivalent. Computer related coursework preferred.

Interpersonal Skills Courtesy, tact, and diplomacy are essential elements of the job. Work requires you to be attentive to detail and possess strong analytical and problem-solving skills.

Other Skills Quality organizational skills, math and analytical ability. Excellent communication and PC skills to include a strong working knowledge of MS Office software. Willing to learn and apply knowledge when working with new programs and software. A working knowledge of the USA PATRIOT ACT.

Physical Requirements:

TALKING: Effective verbal communication to convey and acknowledge receiving detailed or important instructions accurately, loudly, or quickly.

AVERAGE HEARING: Able to hear average or normal conversations and receive ordinary information to communicate effectively.

FINGER DEXTERITY: Using primarily just fingers to make small movements such as typing, picking up small objects, or pinching fingers together to use office equipment such as phones, computers, scanners, and other office machinery.

REPETITIVE MOTION: Movements frequently and regularly required using the wrists, hands, and/or fingers.

AVERAGE VISUAL ABILITIES: Average, ordinary visual acuity necessary to prepare and inspect documents, read email and computer screens, and operate office machinery.

PHYSICAL STRENGTH: Sedentary work; sitting at a desk or workstation a majority of work hours. Exerts up to 25 lbs. of force occasionally and required to lift up to 25 lbs.

REACHING AND STRETCHING: Reaching and stretching, below the shoulders, to access files, checks, documents, or office equipment on and across shelves, counters, and desks.

Work Environment Standard office environment.

This Job Description is not a complete statement of all duties and responsibilities comprising this position.

Requirements: Offers of employment are contingent on a satisfactory criminal background and credit history check.

EOE/M/F/Disability/Vet

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.