BSA Compliance Analyst

Description

Assists the BSA Compliance Team in the daily monitoring and maintenance of the Credit Union’s BSA compliance program by completing clearly defined tasks under guidance to support compliance with applicable laws and regulations. Learns and applies established policies, procedures, and BSA best practices and keeps abreast of regulatory developments through structured training and direction from others. Conducts basic research and supports responses to BSA- related issues affecting individual members and the organization, seeking input as needed.

Contributes to other risk management initiatives as assigned, while developing an understanding of how the role supports the Credit Union’s overall risk management and member service objectives.

• Assist the BSA Compliance Team with the daily administration of the Credit Union’s Bank Secrecy Act/Anti-Money Laundering software program by performing assigned, clearly defined tasks under supervision. Monitor data and elevate issues as needed, including interfacing with vendor and internal Technology department with guidance.
• Research findings and alerts from system, as well as reports from employees, to support determination of whether to file required BSA reports. File CTRs as required within prescribed time frames. Assist in evaluating whether a SAR filing is warranted by gathering information, marshaling evidence, and preparing documentation, consulting with management as appropriate. Support the Credit Union’s eFiling of required reports with the government, including troubleshooting with direction.
• Monitor government watch lists and perform list-management reviews for OFAC and 314(a) records when lists are updated, following established procedures. Monitor and respond to OFAC screenings across multiple channels and elevate potential matches as required. Assist with contact to FinCEN as appropriate and ensure OFAC-related records are complete and accurately maintained.
• Assist with educating new and existing employees on Bank Secrecy Act requirements and recent developments in money laundering trends, including supporting new hire BSA training, collaborating on content for annual BSA training, and following up with frontline staff based on CIP audit results, under guidance.
• Assist in assessing BSA risk by gathering and organizing data from multiple sources throughout the Credit Union and its systems, following defined instructions and timelines.
• In the absence of the BSA Compliance Supervisor, support the Credit Union’s regulatory compliance efforts with external auditors, examiners and others as directed, providing requested documentation and basic explanations of policies and procedures with management support.
• Process summons and subpoena record requests by following established procedures to ensure correct documentation is delivered, invoices are billed, and payments are received. Interface with requesting parties, including law enforcement and legal counsel, in routine situations with guidance.
• Assist management with the development of compliance controls and participate in testing activities for effectiveness by completing assigned tasks and documenting results.
• Contribute to the Credit Union’s knowledge bases, intranets and other knowledge repositories by updating or organizing content as assigned.
• Provide effective communications and support to employees in alignment with the Credit Union’s core values, seeking guidance when needed.
• Follow all applicable policies, procedures and laws, demonstrating attention to detail and reliability while learning to work more independently.

• Minimum one year of experience analyzing member accounts and account histories in a financial institution, or equivalent exposure gained through relevant work experience.

• Bachelor’s degree in business administration or related field required. Equivalent combination of relevant education, training and experience may be substituted for education.
• In the absence of existing certification, will obtain NAFCU/CAMS certification at the Credit Union’s expense.

• Demonstrates basic knowledge and…