BSA Compliance Analyst

Overview

Under the direction of the BSA Officer, the BSA Compliance Analyst assists in the implementation and administration of all aspects of compliance and works on various assignments.

• Perform quality control reviews and monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, Anti‑Money Laundering Program, OFAC, and Member Identification Program compliance using industry standard and regulatory guidance.
• Monitor and analyze developing trends and changes in regulatory compliance laws, rules, and regulations, and advise management of the operational impact.
• Assist in the development and implementation of policies, procedures, disclosures, notices, and forms to comply with legislative and regulatory changes or new requirements.
• Comply with currency transaction action reporting requirements by performing daily currency transaction (CTR) monitoring and, when appropriate, preparing Currency Transaction Reports.
• Conduct time‑sensitive investigations of alerted and referred transactions and individuals for suspicious activity, utilizing internal and external resources.
• Review simple and complex transactions, individuals, and member situations and provide findings to management to evaluate potential risk to the Credit Union.
• Review internal suspicious incident reports and determine if Suspicious Activity Reports (SAR) are warranted; file SARs timely with FinCEN.
• Maintain current knowledge of the Bank Secrecy Act and all related anti‑money laundering and OFAC regulations.
• Provide research and evaluation of AML cases, documenting analysis and findings in the Credit Union’s case management system.
• Upload various reports to the Credit Union’s Financial Crime Risk Manager (FCRM) including FinCEN 314(a), FinCEN Acknowledgments, and SDN Watch List.
• Ensure effective communication with management and employees to complete suspicious activity investigations and reports.
• Respond promptly to employee requests for assistance regarding regulatory and procedural processes relating to BSA, OFAC, AML, and CIP.
• Pursue specialized BSA training and re‑certification to stay abreast of changes in state and federal regulations.
• Maintain current job knowledge of Credit Union policies, procedures, and services.
• Regularly attend and participate in in‑house training.
• Perform duties as assigned by management and may work at any location.

• Five or more years of increasingly responsible experience within a financial institution.
• Knowledge of branch operational activities and a variety of federal and state laws and regulations.

• Must hold BSA Compliance Specialist certification or complete BSA Compliance School; certification required within six months of hire.

• Well–rounded background in all aspects of credit union department functions, policies, and procedures.
• Credit union laws and regulations.
• Advanced skills with MS Office Suite (Word, PowerPoint, Excel) and auditing software.

• Operate a variety of office equipment, audio/visual equipment, cameras, and other digital equipment.
• Travel for meetings, seminars, and conferences, including unaccompanied long‑distance travel and overnight lodging.
• Work a variety of hours, including evenings and weekends.