Senior BSA Investigator

Note:

All full-time positions include exceptionally low medical premiums in addition to a whole host of other benefits. Hours for Position

Monday - Friday 8:00am-4:30pm

$40.04/hr - $50.04/hr

This position provides indirect oversight of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) team, ensuring quality assurance in key areas such as alerts, Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), new membership reviews, and OFAC screenings. The Senior BSA Investigator actively participates in annual regulatory examinations and audits, identifying opportunities for process improvements and recommending enhancements to strengthen compliance. This role supports the BSA Officer by overseeing daily BSA operational tasks, enabling the Officer to focus on the strategic management and broader implementation of the BSA program across the credit union.

Oversees the daily BSA functions which include: OFAC, Alerts, SARs, CTRs and Quality Assurance.

Maintains a working knowledge of the Bank Secrecy Act and all related anti-money laundering/CFT, USA Patriot Act and OFAC regulations.

Recognizes and analyzes Verafin updates, propose process changes, troubleshoot data issues, and assist with model tuning/validation.

Conducts quality reviews of team members’ work and review cases for SAR creation.

Plans, leads and conducts anti money laundering (AML) investigations into potential suspicious activity, including those generated from transaction monitoring system, internal referrals, subpoenas, negative news, as well as other sources.

Provides leadership and oversight for the technical work of the BSA team.

Analyzes team activity to ensure timely completion of work in accordance with established laws and regulations.

Provides mentorship and act as an escalation point for team members as well as internal partners.

Thoroughly and timely reviews reports and other investigative leads that potentially identify suspicious activity.

Monitors operational metrics to provide insight to management on business performance and recommend solutions and improvements.

Collaborates with Fraud Team Leaders on cross-department investigations and assist in answering BSA related questions.

Provides guidance, direction, and assistance to investigators and other team members in determining whether to close cases, elevate findings and/or file a Suspicious Activity Report (“SAR”).

Participates in special projects, working groups, etc. as a BSA/AML & OFAC Risk subject matter expert (SME).

Maintains an up-to-date knowledge and level of expertise in relevant laws, regulations and typologies and trends in AML.

Assists in the review and provide recommendations for updates to the BSA/AML Risk Assessment and BSA Program on no less than annual basis.

Proactively recommends and implements updates to existing written procedures collaborating with other team members to improve procedures and processes, education materials and forms and in consultation with BSA Compliance Officer.

Proactively identifies trends in recurring AML violations.

Conducts quality control reviews and provides feedback to team members

Prepares high-quality Suspicious Activity Reports (SARs) and provide guidance to team members on SAR development.

Participates in SAR Committee meetings to review and discuss suspicious activity cases.

Acts as in-house expert of BSA software, including Verafin, identifying system issues, coordinating software upgrades, and researching vendor updates.

Analyzes Verafin daily logs to validate data delivery and promptly addresses discrepancies or errors with the vendor.

Assists in the development, coordination, and facilitation of AML/BSA/CFT/OFAC training programs to educate all credit union staff/departments

Bachelor’s degree in Business Administration, Finance, Accounting or related field

Minimum of 5 years of experience in financial services investigation and/or fraud prevention roles.

Leadership experience including directing and delegating activities of team members, and performance management, career development, coaching, and mentoring.

Familiar with the operation…