Bank Secrecy Act Analyst II

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Full Time Professional College Walk, Honolulu, HI, US

7 days ago Requisition

Salary Range: $27.04 To $33.05 Hourly

Monitors, coordinates, and completes Bank Secrecy Act USA PATRIOT Act and related anti-money laundering compliance functions at HawaiiUSA FCU (including FinCEN 314 (a) & (b), OFAC Sanctions/ Watchlist, Member Identification Program (MIP), Currency Transaction Report (CTR), Monetary Instrument Log, (MIL),Member Due Diligence (MDD), and Member Enhanced Due Diligence (MEDD). Staying informed of current regulatory and legislative trends and issues as they apply to job responsibilities and applying such knowledge into completing daily and periodic tasks of the department in a timely and accurate manner with minimal or no supervision.

In addition, provide BSA and related technical knowledge assistance to the various business units to implement effective processes, and provide additional research and training support to the BSA/ AML Supervisor or designate upon request.

• Perform daily, periodic, and annual functions such as, but not limited to, reviewing alerts, producing cases, electronically filing CTRs and SARs, maintaining MILs, and Beneficial Ownership requirements.
• Identify, review, and monitor medium risk score to high-risk score members to minimize risk for the credit union by producing risk-based written analysis of members who require periodic reviews and update (MDD, EDD, CDD).
• Assist with the implementation of BSA objectives and policies and procedures to meet organizational goals and objectives focused on Anti-Money Laundering (AML)/ Member Identification Program (MIP), in support of HawaiiUSA FCU and its membership.
• Perform OFAC Sanctions/Watchlist screening disposition of potential matches in accordance with departmental procedures.
• Process incoming and outgoing FinCEN 314 (a) searches and respond to 314 (b) information sharing requests within required regulatory time frames.
• Assist with the review and processing of law enforcement subpoenas and grand jury requests and support the review of internally referred unusual activity.
• Aid management to enhance systems and processes in place to ensure goals are accomplished within guidelines as stated within NCUA, as it relates to the credit union being in compliance with BSA/ AML, US Patriot Act, OFAC Sanctions/ Watchlist, MIP programs, and the 5
  
  Pillars of BSA AML.
• Collaborate across internal and enterprise teams to identify opportunities and solutions regarding AML/ MIP Compliance.
• Assist with preparing high-level BSA AML documents and reports, when needed.
• Provide change management opportunities as needed for procedures and escalations.
• Ensure that manual updates and revisions are maintained as stated within the National Credit Union Administration’s Rules and Regulations.
• Keep updated on BSA regulatory and compliance issues through continuous reviewing of related issues and training.
• Assist BSA Analyst I and II through training, best practice sharing, and occasional feedback as necessary or designated.

• Provide assistance to the BSA/ AML Supervisor or designate with duties and responsibilities as they relate to the credit union being in compliance with BSA/ AML, USA PATRIOT Act, OFAC Sanctions/ Watchlist, and MIP programs. Assist with various projects and assignments as directed by the BSA/ AML Supervisor and or designate.
• Assist branches and departments with BSA and related problem resolution. Provide on-site support for operational processes as designated by the BSA/ AML Supervisor or designate.
• Assist with implementation of the credit union’s BSA/ AML & OFAC training program.
• As necessary, for learning and development, back-up for auditing complex cases as assigned.

• High school diploma or equivalent.
• Two to three years performing the Bank Secrecy Act or related functions.
• Working knowledge of financial institution laws, regulations, and industry practices.
• Strong…