Insight Credit Union
  • 19-Dec-2017 to 09-Feb-2018 (EST)
  • Compliance/Risk Management
  • Winter Springs, FL, USA
  • $49,630 to $55,833 based on experience.
  • Salary
  • Full Time

To direct the daily operation of the loss prevention department and reduce potential losses to the Credit Union. Develops and implements mitigation methods to reduce the risk of losses from abusive account activity and fraudulent account activity.


This position is located at:

240 Winding Hollow Blvd., Suite A
Winter Springs, FL 32708
Essential Functions & Responsibilities:

30% - Supervision of the day to day Loss Prevention department including but not limited to; making decisions to mitigate losses on high risk transactions, making decisions to close high risk accounts, making recommendations to close high risk memberships, supervising the recovery efforts on negative share accounts, negotiation of settlement arrangements on charged off accounts, RDC processing, Overdraft Privilege and ATM Depositing monitoring, and ensures members are contacted for account resolution.

20% - Manages the operations of the Wire Transfer function to include adequate training, evaluation, and backup for Wire Transfer positions and to initiate and institute procedures for wire transfer processing, security transactions to agent banks for the safekeeping service, pass-through reserve maintenance for members and coins and currency.

10% - Analyze credit union operations and make appropriate recommendations to management for improvements to loss prevention policies and procedures.

10% - Develop loss prevention training plan and educate Credit Union employees to identify and respond to potential fraudulent activity.

10% - Work with national and regional organizations to predict activity which could result in a loss to the Credit Union.

5% - Responsible for the preparation of annual Loss Risk Assessment.

5% - Have a working knowledge of credit insurance coverage to know when claims should be filed with insurance carriers to recover Credit Union losses.

5% - Assist law enforcement agencies in the prosectuion of criminal investigations.

5% - Performs other job related duties as assigned.


Performance Measurements:

1. Must comply with all credit union departmental and company internal controls, code of ethics and Employee Handbook policies and procedures.

2. Responsible for compliance with BSA, AML, OFAC, and CIP as set forth in credit union policy.

3. To provide and ensure that the Credit Union Core Values are met on a consistent basis.

4. Employee should have full knowledge of credit union products.

5. To maintain a dependable record of attendance and timeliness.

6. Ensure Credit Union has adequate security and internal controls in place.

7. Maintain knowledge of current laws, regulations and common practices in the loss prevention field

8. Conduct timely investigations of fraudulent activity to ensure minimal loss/inconvenience to the credit and/or members

9. Ensure fraud alerts are dispersed to 'need to know' personnel and/or members.

10. Develop and maintain contacts with local, state and federal law enforcement agencies as the credit union's liaison.


Knowledge and Skills:

Experience: Three years to five years of similar or related experience within a financial institution.  Prior management experience required.

Education: Equivalent to a college degree (BS or BA in a relevant field).

Interpersonal Skills: A significant level of trust and diplomacy is required, in addition to normal courtesy andtact. Work involves extensive personal contact with others and is usually of a personal or sensitive nature. Work may involve motivating, influencing or training others. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.

Physical Requirements: While performing the duties of this job, the employee is regularly required to talk or hear. This is a largely sedentary role, however some filing is required. This would require the ability to lift files, open filing cabinets and bending as necessary.

Work Environment: This job operates in a clerical, office setting. This role routinely uses standard office equipment.

Insight Credit Union is an EO Employer - M/F/Veteran/Disability/Sexual Orientation/Gender Identity

Full Job Description
Insight Credit Union
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