AML/BSA Internship

Job Locations US-MI-Grand Rapids
ID
2018-3692
# of Openings
1
Type
Part Time
Category
Legal/Compliance/Audit

Overview

Lake Michigan Credit Union established in 1933 is one of the largest financial institutions in Michigan and one of the largest credit unions in the nation! For several years running, LMCU has earned inclusion as one of the 101 Best and Brightest Companies to Work For in West Michigan, Metropolitan Detroit and nationally!

This award is based on key metrics like communication, work-life balance, employee education, diversity, recognition, retention and many others. This award recognizes our efforts to build a strong, sustainable business presence without sacrificing employee benefits, growth or wellbeing.

As an employee, you'll enjoy a stimulating, professional atmosphere, supported by the latest technology, training and development. You will be encouraged to refine your existing skills in an environment of empowerment, gain new experiences, and progress to the limits of your own motivation. Our comprehensive benefit package for full-time employees includes health, dental, vision and life insurance, tuition assistance, 401(k) and pension plan options for retirement savings, paid volunteer time and paid time off that allows you to balance work and home life.

Position Overview:

The position will provide the opportunity to evaluate commercial activities using tools and software available only to the AML/BSA team. Analysis of account activities and research on industry expectations will provide the intern an opportunity to experience how data analysis can contribute to criminal justice. The individual is anticipated to have daily interaction with AML/BSA professionals who can bring insight into the larger world of money laundering and white collar crime. The position will provide the opportunity to turn knowledge obtained in the classroom into real-world exposure of background information needed to identify money laundering and address risks and regulatory requirements at financial institutions world-wide.

 

Lake Michigan Credit Union is looking for a dedicated individual to join our Compliance department as an AML/BSA Intern for the summer months (June 4, 2018 - August 17, 2018).

Responsibilities

 

The intern will assist the VP of Compliance and the AML/BSA team in account analysis and assigning standardized industrial codes, which are vital in identifying high risk members and suspicious activities by members. The specific responsibilities include, but are not limited to:

  •  Evaluate and analyze transaction activity in accounts of high risk businesses and individuals.

  •  Categorize high risk businesses and individuals based on standardized industry codes.

  •  Assist in execution of new process to obtain beneficial ownership information for existing members.

Qualifications

 

  • Experience using the Microsoft Office Suite.
  • Ability to work independently, but likes being a part of a team.
  • Ability to maintain confidentiality.
  • Ability to perform multiple tasks at one time and is very detail-oriented.
  • 3.0 GPA or greater.
  • College student at freshmen, sophomore, junior, senior or master level status or a recent college graduate within the last 3 months with a focus in a business related field is preferred.
  • Familiarity with bank accounts, debits, credits, and general transaction activity.
  • Highly focused on providing support and service that exceeds expectations
  • Special consideration will be given to individuals with previous employment at a financial institution.

 

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