BSA Specialist

Description Summary

The BSA Specialist supports the Compliance Manager/BSA Officer in administering Sierra Central Credit Union’s BSA/AML compliance program. This role is responsible for reviewing and investigating system generated alerts, analyzing potentially suspicious or fraudulent activity, conducting OFAC and sanctions checks, and preparing required regulatory filings, including Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs). The position also supports ongoing compliance monitoring, training, reporting, and risk assessments to ensure the credit union meets all applicable BSA/AML, OFAC, and USA PATRIOT Act requirements.

• Review, analyze, and investigate BSA/AML system alerts for potentially illegal, suspicious, or fraudulent transactions.
• Identify, research, and document suspicious activity using appropriate investigative methods.
• Complete accurate SAR narratives and ensure SAR filings meet regulatory thresholds, deadlines, and requirements.
• File and maintain accurate CTRs and related documentation.
• Create and maintain trend reports for SARs, CTRs, Elder Abuse reports, and other assigned compliance data.

• Conduct OFAC screenings and manage responses to FinCEN information sharing requests.
• Determine and escale matches appropriately.
• Monitor enhanced due diligence (EDD) and customer due diligence (CDD) activity for higher risk members.
• Maintain and review BSA software alerts and reports.

• Assist in updating BSA/AML policies and procedures and distributing updates to staff.
• Attend required regulatory training, seminars, and conferences to maintain current knowledge of BSA/AML, OFAC, sanctions laws, and emerging trends.
• Complete the annual BSA Risk Assessment as assigned.
• Assist with providing BSA/AML training to staff when needed.
• Serve as backup to the Fraud Risk Specialist as required.

• Respond to escalated questions from branch and operational staff regarding BSA requirements and processes.
• Present information clearly in one on one or small group settings.
• Recommend system or process enhancements to identify new patterns or schemes related to money laundering, fraud, or financial crimes.

• Maintain strict confidentiality regarding member financial information.
• Adhere to all applicable BSA, OFAC, USA PATRIOT Act, and anti money laundering regulations.
• Perform additional duties as assigned and maintain a flexible schedule when needed.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential function of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform…