Bank Secrecy Act Analyst

NASA Federal Credit Union is seeking an experienced Bank Secrecy Act Analyst who effectively utilizes compliance resources and communicates with colleagues and stakeholders to resolve Anti‑Money Laundering (AML)/Combating the Financing of Terrorism (CFT)/Office of Foreign Assets Control (OFAC) issues. Stays abreast AML, CFT, and OFAC rules, regulations, guidance, and best practices to ensure compliance. Investigates alerts generated by monitoring systems and financial transactions to identify and prevent money laundering and terrorist financing.

Conducts thorough reviews of member information and documentation to assess risk and ensure compliance with the Customer Identification Program (CIP) and Customer Due Diligence (CDD) requirements.

• Level I
• Responds to requests from Credit Union employees asking for assistance with BSA compliance.
• Investigates and dispositions alerts generated by the transaction monitoring system and other sources, escalating suspicious activity as needed, and preparing Suspicious Activity Reports (SARs) within the required timeframe.
• Reviews and submits the Currency Transaction Reports (CTRs) using the monitoring system within the required timeframe. Refers accounts to a supervisor or designated Level III BSA staff member for possible CTR exemption.
• Reviews Cash Indemnification Forms (CIFs) received from branches and takes appropriate action.
• Assists with maintaining the BSA training material and operational procedures.
• Maintains and distributes the branch quality control log after review and approval by supervisor or designated Level III BSA staff member.
• Assists with evaluation and testing of changes to BSA/AML software alert scenarios and processes.
• Assists with development and revisions of BSA/AML policies and procedures.
• Assists in gathering documents for internal audits and regulatory examinations of the Credit Union.
• Attends applicable compliance training and area round tables, and reviews regulatory guidance and industry communications, to maintain currency with BSA certifications and BSA‑related laws and regulations affecting the Credit Union.
• Assists with 314(b) information sharing requests on behalf of the registered points of contact and may assist in reviewing alerts from the 314(a) file uploads.
• Conducts appropriate due diligence with members to understand the activity (source and frequency of transactions, etc.) and documenting what will be normal and expected for the account. Identifies potential high‑risk activity and documents and completes SARs when necessary.
• Assists in maintaining department metrics.

• Level II: All Level I responsibilities and the following:
• Conducts quality control of SARs to be filed and SAR case files and acts as a SAR “reviewer”.
• Coordinates and lead BSA training classes when necessary.
• Conducts secondary reviews of alert/case determinations by Level I staff.
• Mentors and cross‑trains Level I staff.
• Oversees alerts and cases for Level I distribution and the completion within the desired timeframe.
• Makes contact with law enforcement as necessary and responds to requests for documentation related to SAR filings.
• Makes decisions related to account restrictions based upon investigation results and takes appropriate actions and makes referrals for account closures to supervisory staff.
• Reviews monetary instruments log and addresses any errors.
• Maintains departmental records related to changes to BSA/AML software alert scenarios.
• Conducts BSA system upgrades and validation testing.
• Gathers necessary information needed to prepare the monthly Board report within the required timeframe.
• Cross‑trains Fraud Prevention team members in BSA as requested.
• Acts as a project lead on BSA‑related projects when necessary.
• Serves on the BSA Compliance Roundtable.

• Knowledge of BSA, AML, OFAC and related regulations.
• Experience using BSA/AML software.
• BSA/AML compliance certification must be obtained within 12 months of hire.

• Level I:
• Four to six years of financial institution experience.
• BSA/AML experience is preferred.

• Level II:
• A four‑year degree from accredited college in…