Assistant Risk Manager - BSA & Fraud Prevention Lead

Purpose & Core Values

At our organization, we are dedicated to helping our neighbors achieve their dreams. Our purpose is rooted in delivering exceptional service to both our internal team and our members by embodying our core values.

Position Summary

We are seeking a proactive and experienced Assistant Risk Manager to lead our Risk Management department’s Bank Secrecy Act (BSA) and Fraud components. In this role, you will oversee the Senior Risk Manager and Risk Management Specialist positions, focusing on critical areas such as FinCen reporting, fraud investigation, and cannabis-related banking activities.

You will work closely with the Risk Management Specialist team to ensure effective execution of BSA procedures, while also driving fraud prevention, process improvement, and team development. Your role is essential in protecting our organization from fraudulent activities and ensuring compliance with BSA regulations, including state regulations and oversight of cannabis-related business accounts.

Reporting directly to the Risk Manager, you will help develop, implement, and maintain robust fraud prevention and BSA programs. Collaboration with other stakeholders to assess, monitor, and mitigate risks related to BSA compliance and fraudulent activities will be a key part of your responsibilities.

Core Competencies

• Commitment: We are devoted to serving our community with integrity, respect, and dedication.
• Charity: We generously contribute to our members, communities, and colleagues through our time and services.
• Credibility: We are trusted financial advisors, and every team member plays a crucial role in our members’ financial well-being.
• Unity: We work together as a team to achieve success, celebrate achievements, and continuously improve our service.
  
  

Position Competencies

• Coaching: Inspire and develop team members to reach their full potential. Offer enthusiastic support for our mission, core values, and long-term goals. Build trust through respect, transparent communication, and ongoing feedback.
• Decision Making: Assess risks and benefits of various approaches, focusing on both short-term and long-term impacts. Collaborate with key stakeholders in the decision-making process.
• Drive for Results/Improvement: Set ambitious goals and hold yourself and others accountable for achieving them. Prioritize resources, motivate performance, and measure outcomes while celebrating successes and seeking continuous improvement.
• Role Mastery: Execute essential duties effectively, contribute to productivity, and remain committed to learning and improving performance.
  
  

Key Responsibilities

• Fraud Prevention: Develop and manage fraud prevention strategies, collaborate with departments to identify risks, and investigate fraud incidents.
• BSA Compliance: Ensure adherence to BSA and AML regulations, analyze transactions for suspicious activities, and report as required. Maintain policies and procedures for cannabis-related business accounts.
• Data Analysis and Reporting: Analyze transaction data and member behavior to detect fraud patterns. Prepare and present reports on BSA compliance and fraud prevention efforts.
• Training and Awareness: Foster a culture of vigilance regarding BSA and fraud risks, keep employees updated on regulatory changes, and oversee training and coaching for the Risk Management Specialist team.
• Regulatory Examinations: Assist in audits and ensure corrective actions are implemented. Collaborate on creating and maintaining risk management policies and procedures.
  
  

Job Qualifications

To succeed in this role, you should be able to perform each essential duty effectively. Qualifications include:

• Education: High School Diploma required; Bachelor’s Degree preferred.
• Experience: 2 to 5 years of related experience. Knowledge of cannabis-related banking is a plus.
• Skills & Abilities: Strong understanding of financial industry practices, BSA, and fraud investigation. Ability to lead, coach, and train team members. Excellent analytical, organizational, and communication skills. Flexibility in work schedule.
  
  

Work Environment

The work environment is typically moderate in noise level, and reasonable accommodations are available for individuals with disabilities to perform essential job functions.

General Statement

This description provides a general overview of the role and is not exhaustive of all responsibilities, duties, skills, or working conditions.

Employment Type: Full-Time