Corporate Compliance - BSA SAR Investigator

Job Title:

BSA SAR Investigator I
Status:
Non-Exempt

Reports to:

Sup - FCIC Investigations
Department:
Corporate Compliance
Job Code: 10129
Pay Range: $30.76 - $31.00 Hourly

Location:

Remote in California

Golden 1 Credit Union is among the top credit unions in the country. As a member-owned, not-for-profit cooperative, Golden 1 is guided by the credit union philosophy of “people helping people.” We are committed to empowering our members and uplifting our communities as we create a more equitable and financially inclusive California. We welcome all who embrace our Core Values.

You are a detail-oriented investigator who protects the credit union by identifying and evaluating potentially suspicious activity to ensure compliance with regulatory requirements. You apply strong analytical skills and sound judgment to assess risk, document findings, and support effective decision-making. You are committed to safeguarding the organization and its members through thorough investigations, accuracy, and integrity.

• Performs AML alert and case review, including research, to decide whether suspicious activity exists. Ensures alert and case determinations are appropriate, fully supported, and clearly documented.
• Execute investigations based on Client On-boarding;
  Maintenance; UAR’s (Unusual Activity Report);
  Government sources and other control areas.
• Analyze CTR's and other financial transactions to monitor/detect suspicious activity.
• Responsible for the preparation and communication of SAR reports as it relates to transaction details, analysis, findings, and supporting documentation. Responsible for filing SARs and recommend relationship retention or termination, and track account closures as required.
• Ensure accuracy of SARs by utilizing a risk-based approach for each transaction.
• Notify cross-functional departments of any suspicious activity to protect the integrity of the business and prevent further egregious behavior.
• Responsible for performing in-depth investigative research related to SAR filings on members, non-members or connected parties by utilizing a range of internal data (e.g., transaction activity, KYC, etc.) and external data (e.g., internet, media, legal, corporate, and other publicly available records, and databases).
• Assist with the data collection, research, investigation, and timely completion of 314(b) requests for information, and law enforcement requests.
• Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including OFAC Sanctions, Executive Orders, FACTA, Reg. CC, Reg. E, UCC, Check 21, Bank Secrecy Act, Anti-Money Laundering laws, Visa and other card related regulations appropriate to the role.
• Comply with all established internal audit, security and Credit Union rules, regulations, and departmental procedures. Maintain knowledge by keeping updated with required regulations or procedures through emails, publications, online resources, and procedure changes.
• Maintain confidentiality of documentation and communications to and from members, other institutions, law enforcement and vendors.
• Review, research, and disposition FRAML, OFAC and FinCEN alerts, accurately and within specified time frames.
• Work detailed investigations from start to finish. Assists with other investigative efforts within the department, as well as identify and report trends.
• Act as a liaison with other local and federal law enforcement, and other financial institutions.

• Associate’s Degree or combination of professional experience and education required
• 1+ years experience in a financial institution with job specific work experience in AML Knowledgeable of the laws applicable to money laundering,…