Job Information
Navy Federal Credit Union Financial Intel Analyst III - SAR Experience Preferred in Pensacola, Florida
Overview
To perform complex research and analysis of Navy Federal account activity to identify red flags and suspicious activity in personal and business accounts. Perform in-depth risk reviews and document enhanced due diligence, including activity trend analysis. Maintain knowledge of BSA/AML history, regulations, and industry guidance. Support Business Unit staff in complying with established BSA/AML policies and procedures. Maintain familiarity with typical legal business structures and normal activity by business industry. Work is under moderate supervision. To support day-to-day Office of Foreign Assets Control (OFAC) operations, compliance analyses and projects across the enterprise in compliance with Navy Federal's BSA/AML & OFAC Compliance Program. To respond to ad-hoc OFAC related queries and provide subject matter expertise to partner business units when applicable. Maintain knowledge of OFAC history, regulations, and industry guidance. Work is under moderate supervision. To perform research and analysis of Navy Federal Account activity related to suspicious transactions and identify red flags. Create and maintain Suspicious Activity Reports (SARs) associated with suspicious account activity requiring more complex research or in- depth investigation. Identify, review, and report suspicious activity and risk exposure across various delivery channels. Ensure adherence to applicable federal and state laws, rules and regulations. Work is performed under moderate supervision.
Responsibilities
Investigate various types of transactions/activities/cases (Anti-Money Laundering, Structuring) including reported or alleged loss of assets from various business channels
Assist junior level staff with review and analyses of various types of cases and preparing/creating Suspicious Activity Reports (SARs), as required
Collect evidence and related documentation via available systems and methods; ensure chain of evidence/documentation is maintained in accordance with federal and state laws, rules, regulations and Navy Federal's policies and procedures
Monitor timeline from identification/notification of BSA/AML activity to closure, ensuring service level agreements and regulatory requirements are met
Create detailed reports of investigations to include actions taken and results, including completing Suspicious Activity Reports (SARs) when appropriate
Partner within AML functions to support high level investigations requiring SAR submission and documentation
Research public record databases to identify, analyze and verify information related to primary investigations, discrepancies associated with information provided, and assess potential risk
Compile, prepare and maintain data for analysis and reference
Detect money-laundering trends, red flags and recommend preventive measures to business units and management
Collaborate with other business units to gain an understanding of transactions, processes and procedures, their impact on other business units processes and procedures, and identify risk potential for suspicious activity
Support day-to-day OFAC operations, including completing scans of members and other parties as required by Navy Federal's risk-based policies
Perform ad-hoc analyses/scanning against OFAC/other lists when necessary
Review and analyze recommendations by junior level staff and elevate concerns to management regarding rejecting or blocking of funds
Support projects related to sanctions evasion, money laundering detection, prevention or root cause analysis
Recommend enhancements to BSA/AML and/or OFAC rules and models
Complete required training as directed by policy/supervision; Identify training opportunities and assist in the development of junior level staff
Maintain required documentation for NCUA, Internal Audit and government law enforcement agencies
Maintain knowledge of applicable federal/ state laws, rules, regulations, and Navy Federal policies and procedures
Performs other duties as assigned
Qualifications
Working knowledge of applicable federal and state laws, rules and regulations (e.g., Bank Secrecy Act, USA Patriot Act, and OFAC regulations)
Working knowledge of money-laundering trends and threats
Experience in working with all levels of staff, management, stakeholders, vendors
Ability to maintain confidentiality and demonstrate integrity
Effective skill managing multiple priorities independently and/or in a team environment to achieve goals
Effective skill assimilating information, analyzing facts, and developing logical conclusions
Effective skill interpreting and synthesizing large amounts of information
Effective skill exercising initiative and using good judgment to make sound decisions
Effective organizational, planning and time management skills
Effective investigative, research, analytical, and problem-solving skills
Effective skill following, interpreting, and applying relevant data/instructions to guidelines, procedures, practices, and regulations
Effective active listening skills to accurately respond to inquiries and account requests
Effective skill building relationships through rapport, trust, diplomacy, and tact
Effective skill to influence, negotiate, and persuade to reach agreeable exchange and positive outcomes
Effective verbal and written communications skills
Effective word processing, spreadsheet, and presentation software skills
Associate degree in Business Administration, Criminal Justice, Finance, or related field, or the equivalent combination of education, training, and experience
Desired Qualifications
Familiarity with Navy Federal products, services, programs, policies, and procedures
Experience in the field of anti-money laundering and/or risk management
Fraud or AML Certifications: Certified Fraud Examiner, Certified Anti Money Laundering Specialist, etc.
Bachelor's degree in Business Administration, Criminal Justice, Finance, or related field
Hours: Monday - Friday, 8:00AM - 4:30PM
Locations: 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Drive Pensacola, FL 32526 | 141 Security Drive Winchester, VA 22602 | 9999 Willow Creek Road San Diego, CA 92131 | Remote
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful: Make our mission your passion.
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• Military Times 2023 Best for Vets Employers
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• Ripplematch Campus Forward Award - Excellence in Early Career Hiring
• Yello and WayUp Top 100 Internship Programs
From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.
Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.
Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
REQNUMBER: 22833
