Director Relies on Networking to Stop Fraud Before It's Too Late


Grace Corbett, CFE, BSA
Compliance Specialist and Director of Risk Management
Sun East Federal Credit Union

Grace Corbett, CFE, enjoys her job heading up the various fraud investigations and audits for Sun East Federal Credit Union and ensuring compliance with the Bank Secrecy Act (BSA). But she knows that to do her job well, and in the most efficient manner, she needs a good network of fellow anti-fraud professionals. With new challenges like phishing schemes constantly plaguing her credit union and others, she knows every second counts in a fraud investigation when she's trying to protect the credit union and its assets.

Describe your job function (a day in the life of):
I currently oversee the BSA compliance, fraud investigations and audits [for Sun East Federal Credit Union]. Each day can bring on new challenges. It is rare that I have two days that are identical. I have a small team under me that is dedicated to making sure that the credit union is compliant in writing loans, opening accounts and many other areas within its operations. My team and I also conduct all of the fraud investigations. I work with local, state and federal law enforcement agencies. If an investigation makes it to the prosecution, I also attend court as a witness. Not only do I oversee those areas, I conduct branch cash audits and work closely with senior tellers on hot fraud topics to make sure they are aware of current trends.

How important is networking to you as an anti-fraud professional?
Networking is key. It allows you to share experiences, both good and bad, with other anti-fraud professionals. Networking allows you to provide others with tips on conducting an investigation or just running a situation by someone. They may have already conducted an investigation relevant to your current case and they may be willing to help you. Most people are willing to share their successes and failures. Without networking skills, you can add many hours to your investigation. Knowing that you can pick up your phone and reach out to someone is all a part of the game.

What is your personal motto?
Enjoy every moment life gives you, for you never know when it may be your last.

Read the rest of Grace's profile here in the ACFE Career Center.