Senior AML/Fraud Investigator

Verity is hiring for a Senior AML/Fraud Investigator at our Seattle, WA Headquarters location. This is a remote position . At Verity, we empower our member’s financial lives and create vibrant communities. Since 1933, Verity has been a local member-owned credit union. We are also the only financial institution in the Pacific Northwest that is a part of the Global Alliance for Banking on Values (GABV). How you can make a difference The Senior AML/Fraud Investigator is responsible for assisting in the development, implementation, monitoring, and supporting of fraud and anti-money laundering (AML) / Bank Security Act (BSA) initiatives throughout the Credit Union to proactively minimize risk. This position will assist the Risk Manager with fraud policy/procedure development and implementation, and work to ensure compliance with applicable internal and external standards/regulations/laws. Act as a key resource to staff, members, and law enforcement officials for fraud related matters to include working with other Credit Union departments to develop training & education for staff. We know it is more than just a job Verity has continued to maintain an open and positive work culture. We make sure people come first! Some ways we help employees live their best lives: Base Pay: This positionhas a yearly range of $72,356 (minimum) to $108,533 (maximum), with a midpoint of $90,444 . Starting pay is offered based upon an applicant’s experience and education relevant to the position. Paid Time Off : All Verity employees receive 11 paid holidays per year and 3 floating holidays, as well as paid time off (PTO is combined vacation and sick leave.) PTO starts accruing immediately at a rate of 20 days per year. Benefits: Both full and part time employees (and their family) are eligible for medical, dental, vision, and basic life insurance, with a no cost option available for employee only coverage! Employees have the option to enroll in our 401k plan and receive an employer match up to 6%. Other Benefits: This position is eligible for annual cash bonuses up to 1% and a 1% profit-sharing bonus to 401k accounts based on company performance. Great Perks: Other Verity benefits include a wellness subsidy, a transportation reimbursement benefit and education reimbursement. ESSENTIAL JOB FUNCTIONS Investigative and Analytical Duties Conduct robust and independent end-to-end investigations of complex claims of potential illegal or suspicious activity to minimize potential losses, utilizing various data sources and investigation techniques. Analyze financial transactions, customer profiles, and account activities to identify potential money laundering, fraud, or suspicious activities. Monitor systems for potential fraud trends and all risk-related losses and ensure fraud cases are filed with the credit union’s insurance. Act as a liaison for local Police Departments and other financial institution’s fraud departments. Compile information to report fraud to local police departments and/or for court cases. Perform a variety of investigative duties to assist with compliance of the BSA, Office of Foreign Assets Control (OFAC), USA PATRIOT Act, and other AML program requirements. Compliance and Regulatory Management Maintain the BSA Program to ensure that the Credit Union is in compliance with all aspects of the Bank Secrecy Act. This includes aiding in the coordination and implementation of the Credit Union’s day-to-day compliance with BSA/AML/CDD/EDD/KYC/FinCEN/USA Patriot Act and related laws, regulations, policies, programs, initiatives, rules, and reporting requirements. Assist with BSA/AML/OFAC risk assessments annually or as needed with consideration to products, services, members, and geographies that may present BSA/AML/OFAC-related risk. Analyze and evaluate compliance risk and recommend changes to policies and procedures timely. Maintain an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and review and analysis of unusual/suspicious account activity. Keep abreast of new rules, regulatory changes, emerging financial crime patterns, and reputational risks to assist in the development, implementation, and revision of current policies and procedures. Prepare and write detailed Suspicious Activity Reports (SARs) to fulfill time-sensitive regulatory filing obligations. Technology and Systems Utilization Utilize the Anti-Money Laundering (AML) case management tool and other interna