BSA Compliance Specialist

Job Details

Job Location:

Monroe, MI 48162

Position Type:
Full Time Job Category:
Banking

TITLE:

BSA Compliance Specialist

REPORTS TO:

AVP Risk Management

FLSA:

Exempt

CATEGORY:
Full Time

SEGMENT:

Compliance

PAY GRADE:
Grade 9

The BSA Compliance Specialist is responsible for supporting and enhancing the credit union’s Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and related regulatory compliance programs. This role performs transaction monitoring, conducts in-depth investigations of suspicious activity, and ensures timely, accurate filing of required regulatory reports, including SARs and CTRs. In addition to hands-on case work, the position provides, supports the development and refinement of monitoring processes, and helps ensure consistent application of regulatory requirements across the organization.

The Specialist also conducts and/or reviews enhanced due diligence for higher-risk member accounts and business relationships, and partners with internal stakeholders to strengthen compliance controls and mitigate financial crime risk in alignment with applicable laws, regulations, and internal policies.

• Member Service and Value – Deliver exemplary service internally and externally in accordance with the credit union’s service standards and in a professional manner that projects confidence, knowledge, and ability to provide options and solutions to meet member needs within established policies and procedures. Interactions with members provide value and generate goodwill and a positive image of MCCU as a trustworthy financial institution.
• Accountability/Accuracy/Efficiency – Maintain a superior level of attention to detail and ensure accuracy in all transactions and activities performed. Organized and thorough in completing duties and a reliable team member. Ensure established processes and procedures are complied with and are consistently executed. Display self‑motivation. Accept responsibility for own actions and hold others accountable to maintain appropriate levels of performance in accordance with established policies and procedure.
• Team Player
  - Possess exceptional collaborative skills to work cross functionally with various departments and operational areas to solve problems and advance ideas and innovation. Maintain positive working relations with all credit union team members to achieve corporate and departmental goals and objectives. Treat people with respect; keep commitments; inspire the trust of others.
• Decision Making - Consistently apply superior data driven decision‑making techniques pertaining to job duties, inquiries, approvals, and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as a tool for development. Exercise good judgement in making decisions, ensuring appropriate supervisory approvals are obtained.
• Communication – Exhibit strong communication skills with internal and external stakeholders. This includes appropriate collaboration and engagement of staff and other higher‑level executives in information gathering and sharing, projecting management, and implementation of projects and other assignments. It also includes communication with vendors, members, and other external parties. Respond to inquiries or refers inquiries to the appropriate department or person and exhibiting the necessary follow through with members and/or staff involved.

• BSA/AML/OFAC Monitoring & Program Oversight – Assist in the administration and optimization of automated BSA/AML/OFAC monitoring systems. Review and investigate alerts, analyze system effectiveness, identify detection gaps, and recommend enhancements to strengthen risk identification and regulatory compliance.
• Suspicious Activity Reporting & Regulatory Filings – Independently prepare, review, and file SARs, CTRs, FinCEN 314(a) requests, and other required regulatory reports. Ensure timely and accurate filings, oversee CTR exemption determinations, and compile trend analysis and reporting for management and Board review.
• Enhanced Due Diligence & high-risk Member Oversight – Conduct enhanced due diligence reviews for…