Job Description
The BSA Analyst is involved with all aspects of the credit union's Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), Office of Foreign Asset Control (OFAC) and other related programs and policies. The analyst will work closely with branch and department networks in order to adhere to BSA/AML regulations and procedures.
What you will do here:
- Conducts time sensitive investigations of transaction alerts and referred transactions for Suspicious Activity Reports (SAR) per federal laws and regulations. Analyzes and interprets data in order to determine if activity warrants a SAR. Reviews for trends and fully documents all investigative findings.
- Ensures overall compliance with Currency Transaction Reports (CTR) per federal laws and regulations. Provides guidance to the branch network and departments. Confirms accuracy and completeness of all CTRs submitted to the Financial Crimes Enforcement Network (FinCEN). Identifies members for potential exemption status from CTR filing requirements.
- Reviews for compliance with the USA Patriot Act, including Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD). Identifies process improvements, system enhancements, and makes recommendations to improve the overall quality of processes, workflows, and related reporting.
- Reviews Office of Foreign Asset Control (OFAC) and 314a matches. Immediately notifies BSA management regarding exceptions that require additional follow-up or resolution.
- Maintains a solid understanding of all systems utilized to monitor suspicious activity, as well as all aspects of BSA and AML. Participates in ongoing training and continuous learning.
- Stays abreast of any changes to Bank Secrecy Act laws and regulations. Communicates any on-going BSA and AML issues to BSA Compliance Committee and team.
- Perform other job-related duties as assigned.
This might be right for you if you have...
High School Diploma or GED
2 years of experience within investigations, interrogations, analytics, risk management, Bank Secrecy Act, Office of Foreign Asset Control, case management, Keystone, OnBase, Regulation CC and UCC (Uniform Commercial Code)
1 Years of Financial Institution experience whether member-facing or back-office
Strong oral and written communication skills with the ability to cultivate effective relationships to facilitate collaborative problem solving
Detail oriented and good organizational skills (e.g. displays the ability to manage time and achieve deadlines, think strategically, problem solve)
Ability to make sound decisions in a timely manner using good judgement, knowing when to act independently or seek out leader
Knowledge of Patriot Officer BSA/AML Software, Keystone, OnBase, and Microsoft Office Suite
Bonus points if you have...
Bank Secrecy Act and Anti-Money Laundering Specialist Certification
Risk Professional
About us:
We are considered leaders in the local credit union space, and we are growing like crazy. Weve got a culture focused on smarts, kindness, continuous learning...and our people love it. A full 93% of our employees would recommend us to their friends. Come find out why! Learn more at https://www.switchthink.com/careers
We are proud to be an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.