BSA Assistant

Role

Assist in research and evaluation of new or amended state or federal laws and regulations as they pertain to Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT), USA Patriot Act, and Office of Foreign Assets Control (OFAC) compliance. Perform daily processes and tasks to ensure compliance with FinCEN and BSA guidelines; this includes filing CTRs, investigation and analysis for completion of Suspicious Activity Reports (SARs), processing FinCEN watchlist 314(a) lists, processing alerts and cases, and providing assistance in maintaining the BSA program.

• Assist the BSA Specialist and administer the CU's BSA compliance program, including: a) review and disposition alerts derived from various prevention filters within the Abrigo platform; b) maintain accurate documentation and tracking of investigations/decisions; c) assist the BSA Specialist with preparing SARs; d) assist the BSA specialist with preparing CTRs; and e) assist the BSA Specialist in preparing written reports summarizing the CU's BSA/AML Compliance Program.
• Perform continuous monitoring activities, review, update, and verify member profiles over the course of the relationship, in Abrigo, for accuracy and completion to maintain an appropriate risk-based program and reliable risk score, as assigned by the BSA Specialist.
• Perform complex investigations to identify Bank Secrecy Act issues such as money laundering, terror financing, internal/external fraud schemes, structuring, and illegal money service business activity. Review and investigate OFAC alerts for a determination of an actual OFAC match or false positive and respond to OFAC related questions from branches/various departments.
• Assist the BSA Specialist in managing the CU's OFAC compliance program, including: a) process periodic watchlist and 314(a) lists via Abrigo; b) work with Specially Designated Individual list and clear exceptions; and c) assist with general OFAC compliance.
• Perform other duties as assigned by supervisor. Employees shall be trained annually, demonstrate an understanding of and follow the requirements of the BSA/AML Compliance Program as it specifically relates to their job.

• Experience:
  
  One year to three years of similar or related experience.
• Education:
  
  (1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.
• Other
  
  Skills:
  
  Ability to research and comprehend state and federal regulations applicable to financial institutions. Willingness to learn risk management concepts, with emphasis on operational and regulatory activities. Strong organizational skills, highly motivated, and detail oriented. Working knowledge of spreadsheets and word processing software and comfort with the use of new technologies and software applications. Good written and verbal communication skills. Eligible for hybrid work from home schedule with manager approval.
• Physical Requirements:
  
  The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands and fingers, handle or feel; reach with hands and arms, climb or balance, stoop, kneel, crouch, crawl; talk or hear.
  
  The employee must occasionally lift and/or move up to 10 pounds. Vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.
• Work Environment:
  Office position; works indoors year-round; may be exposed to indoor temperature adjustments; heating and cooling vents distribute regulated air.