Risk Analyst

Our Mission

To provide unwavering commitment to excellence in all we do for employees, members and the community we serve.

Overview of the Role

The Risk Analyst plays a critical role in safeguarding the credit union by ensuring compliance with federal regulations related to anti-money laundering (AML), counter-terrorism financing (CTF), and financial crimes prevention. 

Responsibilities

• Conducts daily data validation of BSA/AML software.
• Prepares and files all Currency Transaction Reports (CTRs). Responsible for complete, accurate and timely filing. Works with the branch network and other departments to gather all relevant information. 
• Sets up cases when warranted and performs related monitoring and investigation; documents steps taken to support action.
• Prepares and files all Suspicious Activity Reports (SARs) including associated narratives. Is responsible for complete, accurate and timely filing. Works with branch network and other departments to gather all relevant information. 
• Manages the credit union’s OFAC activities to ensure complete and accurate monitoring and resolution of OFAC alerts. 
• Completes reports and searches as required by FinCen or other governing entities.
• Maintains list of accounts exempt from reporting and conducts an annual review of qualifying transactions. 
• Conducts review of high-risk or suspicious transactions within GPO’s member payment platforms. 
• Alerts the department supervisor about any emerging BSA/AML compliance issues and trends. Collects information from outside sources to help in determining if further action/investigation is required. 
• Completes other duties as assigned in order to support the department and the Credit Union.
• Other duties as assigned.

Expectations

• Review daily publications related to BSA, AML and fraud to remain abreast of industry trends. 
• Play an active role in local and national communities regarding relevant topics. 
• Adapt a work ethic that is aligned with GPO’s mission and keeps our member service at the forefront.
• Act as a back up to other members of the department as needed. 
• To contribute to the overall achievement of the credit union’s strategic goals and objectives.
• To effectively communicate information to senior management, department members and all employees and ensure understanding. 
• Contribute to a positive environment that inspires GPO employees to display pride, passion and a commitment to our mission statement.

Qualifications

• - Determined and motivated individual with a positive attitude.
• - Previous experience in the BSA/AML industry preferred. 
• - Ability to work in a team setting as well as take on projects as an individual.
• - Associate’s OR diploma with 5 years of similar experience

Physical Demands

•  Sitting for prolonged periods of time
•  Frequent computer usage and screen time
•  Frequent typing 

Decision Making

•  To exercise sound judgement when making decisions as they relate to position duties and the credit union’s policies and procedures. 

Financial Responsibilities

• To be responsible for safeguarding the credit union’s assets by ensuring that policies and procedures are followed. 

Communication

•  Keep the department supervisor informed regarding key department issues. 
•  Effectively communicate within the department to ensure the flow of ideas and information. 

Equipment Used

•  Must be proficient in various credit union software programs, especially Fraud, BSA and AML monitoring programs.

Work Environment

•  Office setting, based in the Administration Building