Sr BSA​/AML Analyst

Position Summary: The Sr BSA/AML Analyst works with the BSA Officer to administer the BSA/AML program and related procedures in accordance with Credit Union’s policies, procedures, and applicable federal regulation. The role researches and analyzes transactions and referrals to detect and prevent financial crime activities, policy violations, and/or suspicious situations with low to moderate risk. This position gathers and analyzes member information and transactional data for review of money laundering/ fraud red flags and refers activity for investigation.

The Sr BSA/AML Analyst may also assist with project and case assignment process in Verafin and must participate in training annually, or as required for BSA and the Privacy Act.
Position Summary: The Sr BSA/AML Analyst works with the BSA Officer to administer the BSA/AML program and related procedures in accordance with Credit Union’s policies, procedures, and applicable federal regulation. The role researches and analyzes transactions and referrals to detect and prevent financial crime activities, policy violations, and/or suspicious situations with low to moderate risk. This position gathers and analyzes member information and transactional data for review of money laundering/ fraud red flags and refers activity for investigation.

The Sr BSA/AML Analyst may also assist with project and case assignment process in Verafin and must participate in training annually, or as required for BSA and the Privacy Act.

• Perform various quality control reviews and monitoring in the area of Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, OFAC and Customer Identification Program compliance using industry standard and regulatory guidance sampling methods to ensure the Credit Union’s compliance efforts are maintained on a daily basis.
• Perform review of the Credit Union’s Customer Information File and other lists for compliance with FinCEN 314a requests.
• Ensure compliance with all Anti-Money Laundering, Bank Secrecy Act information security and suspicious activity reporting requirements policies and procedures.
• Follow account opening procedures, understand and follow internal suspicious activity referral requirements and processes, as required for this position.

• Review documentation for all new commercial accounts and risk rate accounts per the Credit Union’s risk rating criteria.
• Review and validate risk rating for all new personal accounts using the AML system risk rating module.
• Perform a monthly review of all new accounts, using system reports, to ensure all new accounts have been appropriately risk rated.
• Establish enhanced due diligence and monitoring efforts for members identified as high and medium risk.
• Identify high risk accounts from information received from other sources (branch, loan and operations staff, legal service of process, Suspicious Activity Referral forms, and media reports) and establish enhanced due diligence and monitoring efforts.
• Perform ongoing monitoring, as required, of all high risk and medium risk accounts in accordance with the established monitoring schedule.
• Monitor and report CDD/EDD exceptions to BSA Officer.

• Analyze member account transactions to detect unusual activity indicative of fraud or anti-money laundering and make decisions on appropriate action to take.
• Perform independent analysis for cases involving suspicious activity including but not limited to structuring, check fraud, and kiting for presentation to the BSA Officer.
• Manage cases of potentially suspicious activity from the AML monitoring system, including analysis of transaction activity and balances for review by the BSA Officer.
• Document suspicious…