BSA Specialist

Job Summary: The BSA Specialist is responsible for assisting the AVP of Compliance with the administration of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), Member Identification Program (MIP), and overall Credit Union compliance related to these areas.

Responsibilities include maintaining current knowledge of applicable laws and regulations, conducting investigations of suspicious or fraudulent activity, preparing regulatory reports, assisting with law enforcement and legal requests, and supporting the Credit Union's overall BSA/AML compliance program.

The BSA Specialist is expected to identify and mitigate risk while protecting the Credit Union and its members from financial crime Qualifications: Required: Associates Degree or completion of specialized training and/or certification in Compliance.

Minimum of one (1) years of working in the banking industry or related equivalent field.

Must maintain reliable transportation to work as scheduled and travel to branch locations or other business-related locations as required.

Essential Elements of the Job: Analytical & Investigative Thinking: Identify and analyze customer relationships for unusual and suspicious activity.

This may include a review of system generated Actimize alerts.

Technical Writing & Documentation Accuracy: Provide accurate documentation of the suspicious activity and recommend appropriate actions.

Regulatory Reporting Proficiency: Prepare Suspicious Activity Reports (SARs) and follow appropriate review, documentation and follow-up steps as outlined in Banks BSA/AML Program.

Review and submit Currency Transaction Reports (CTRs).

Review legal requests, law enforcement requests, fraud investigation referrals, and conducts account reviews from a BSA/AML/USA Patriot Act perspective.

Stay up-to-date with changes in BSA regulations and advise senior management on any necessary changes to the credit unions BSA program.

Ethical Judgement & Information Security: Maintain confidentiality of reports and documentation as required by law.

Cross-Functional Communication & Influence: Communicate internally to all lines of business to obtain additional information and further documentation to complete analysis of identified accounts, and provide recommendations for case resolution, including account closure.

Operational Support & Compliance Collaboration: Provide other assistance as requested to the BSA/AML Officers in the daily responsibilities of managing the Banks BSA/AML and OFAC Compliance Program.

Training Development: Assist in the development and implementation of the BSA training program for all staff.

Maintain a positive and professional image, consistently embodying the Credit Unions mission, vision and values.

Additional Job Requirements: Assist with Vendor Due Diligence program as needed and ensure new contracts and required due diligence documentation is collected.

Provide support and assistance to the AVP of Compliance during ex...