Manager, Risk Management - University Credit Union - Los Angeles, CA

BenefitsPulled from the full job description401(k)401(k) 6% Match401(k) matchingAD&D insuranceDental insuranceDisability insuranceShow 5 more benefits About University Credit Union: University Credit Union (UCU) is a purpose-driven financial cooperative dedicated to providing everyone in the university community a financial advantage. UCU was founded in 1951, on-campus, by a group of UCLA employees. Over 70 years later, we continue to exclusively serve the university community and have expanded our reach beyond UCLA. We continue to align ourselves with universities and have expanded our reach to numerous universities across California, the West Coast Conference, and the Big West Conference. UCU’s focus has been diversifying and building a foundation for future growth. By partnering with the university community, we can provide products and services tailored to their unique needs. To best serve our member-owners, UCU delivers on our purpose, to give every member in the university community a financial advantage, by following our three key differentiators:: We were founded by the University Community for the University Community We provide conflict-free unbiased financial advice from certified professional coaches We guarantee our rates on auto loans, credit cards, consumer loans, and HELOCs are ALL within the top 1% lowest nationwide of all federally insured financial institutions.
Team UCU Benefits: Investing in people is one of UCU’s strategic priorities and we invest in Team UCU by offering a variety of excellent benefits, in addition to being a great team to work with: Competitive compensation Work from anywhere options for select positions A full 401(k) match up to 6% plus a potential additional annual profit share of up to 4% Quarterly Gain Share awards, subject to meeting certain organization goals, with a payout of up to 10% of earnings Employee loan discounts Generous paid vacation, plus accrual of paid sick time, and additional discretionary floating and cultural holidays 12 paid Holidays Personal growth development plans tailored to each member of Team UCU Choice of medical, dental, and vision plans, including some options that are 100% paid by the Credit Union. Complementary Basic Life and Accidental Death and Dismemberment Insurance Complementary long-term disability insurance and Employee Assistance Program
SUMMARY: Manager, Risk Management is responsible for overseeing fraud prevention, detection, investigation and loss recover strategies in addition to overseeing BSA/AML responsibilities. The position will supervise and direct activities of team and perform forensic, internal and external fraud investigations in all areas (Lending, Plastics, Deposit Accounts, Employee Accounts) and through all channels (branch, shared branch, ATMs, online banking, mobile banking, contact center, ACH).
ESSENTIAL DUTIES AND RESPONSIBILITIES: Performs independent testing to assess the design and operating effectiveness of internal controls in accordance with management’s representation for the design, implementation and maintenance of internal controls relevant to the preparation and fair presentation of financial statements. Effectively collaborate with key functional business partners, including identifying and addressing needs through strategic risk and control advice, understanding the business; and being recognized and respected as a knowledgeable and valued professional. Maintains working knowledge of relevant issues and regulatory requirements related to Fraud Investigation, Internal Audit, Compliance, and credit union operations. Responsible for managing, supervising, and conducting internal and forensic investigations relating to internal fraud including criminal, policy & procedural, and code of conduct violations reported through direct/anonymous channels. Asses internal controls and procedures associated with internal risk, identify control breakdowns, and make recommendations to preventing future incidents. Oversee fraud detection activities, tools and technology and analyzes, identify fraudulent transactions, and ensures proper mitigation efforts are taken. Aggressively pursues loss recovery through criminal prosecution, civil remedies, or other available avenues such as insurance coverage and claims, UCC breach of presentment/transfer warranties, negotiable instrument law, or application of legal codes or statutes (adverse claim notice, indemnifications, etc.). Responsible for understanding online and call center authentication tools and maintain in-depth understanding of all forms of electronic payments, ACH, wires, RDC, etc. Oversees preparation and filing of timely regulatory reporting requirements of Suspicious Activity Reports (SARs). Submits summary reports as requested. Ensures compliance with other regulatory requirements under FCRA/FACTA, Elder Abuse statutes, and the like. Maintains confidentiality of information and controls. QUALIFICATIONS (Education, Experience, Knowledge, Skills & Ability): Required Bachelor’s Degree. 5 or more years of experience in Risk or Fraud Management in a financial institution and/or financial institution fraud prevention or investigation. Supervisory or management experience required. A professional certification in a related field, such as a Certified Fraud Examiner (CFE) or Certified Financial Services Security Professional (CFSSP) (or must be obtained within 12 months of hire.) Ability to communicate and articulate key issues, business impact and recommendations for improvement clearly, succinctly and with candor (oral and written), to all levels of employees including Senior Management. Advanced knowledge of Insurance Coverage, UCC, Reg CC and negotiable instrument law to develop effective loss recovery strategies. Professional presence, credibility, and authority such that others listen/seek advice and guidance. The fortitude to stand up for what is right with the ability to work towards solutions that meet common business objectives. A thorough working knowledge of the Microsoft suite of office products. Knowledge of Symitar, Verafin, TrueChecks and/or other similar banking systems and fraud mitigation tools preferred. University Credit Union is an Equal Opportunity Employer. Hiring InsightsJob activityPosted today

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