BSA Compliance Officer

Job Description

Job Description

ROLE PURPOSE

The purpose of this role is to support compliance and risk functions institution-wide to ensure the credit union’s risks are mitigated and regulations are being followed. Ensures appropriate compliance risk oversight is in place for assigned business units and/or functions. Assists with the implementation and execution of legal and regulatory requirements that impact multiple systems, processes, and members.

ESSENTIAL DUTIES & RESPONSIBILITIES

1. Ensures the requirements of the Bank Secrecy Act (BSA) and other anti-money laundering (AML) laws and regulations are met. Writes policies and procedures and performs risk assessments. Serves as the BSA Officer and the OFAC Compliance Officer.
2. Serves as a compliance resource for Federal and State laws, regulations, and rulings.
3. Ensures adequacy and effectiveness of physical security and life safety systems of all credit union locations. Serves as the Security Officer and authors and maintains the Security Manual.
4. Manages position-related vendor relationships. Serves as the primary contact for regular and emergency security-related and facility emergency calls. Serves as an administrator for programs and websites.
5. Manages facilities access, and access card system for all credit union locations.
6. Investigates suspicious member or staff activity such as fraud, forgery, and member identity theft. Acts as liaison with external law enforcement agencies.
7. Collaborate with the Fraud Specialists Role and all other departments of the credit union to ensure fraud is investigated to the fullest extent possible. Analyzing trends in SARs, CTRs, etc. in concrete with the Fraud Specialist and to be a team player in staying abreast of trending fraud schemes.
8. Conducts periodic reviews to ensure policy, procedure and compliance standards are being followed in areas including the member identification program, and member due diligence.
9. Prepares reports for management, Board and/or Supervisory Committee that address losses, recoveries, types of criminal activity experienced and other security incidents and risk exposures.
10. Conducts and recommends periodic training for volunteers and staff in areas including loss prevention, robbery, OFAC, Bank Secrecy Act, member identification procedures, and security. Makes presentations to staff, management, and volunteers.
11. Ensures that all information and transactions regarding Argent Credit Union business is kept confidential.
12. Actively participates in all staff meetings in order to maintain awareness of organizational issues, promotional campaigns, stays current on policies, procedures, compliance and makes suggestions for improvement.
13. Works to increase knowledge, technical skills and professional development through available internal and external sources.
14. Works as a member of the Argent Credit Union team to ensure achievement of the credit union’s mission and goals.
15. Maintains a professional work environment and businesslike appearance.
16. Performs additional duties and responsibilities as deemed appropriate.