BSA Compliance Analyst

Job Description

Job Description

The BSA Analyst plays a critical part in maintaining our regulatory integrity under NCUA guidelines by ensuring compliance with the Bank Secrecy Act (BSA),Countering the Financing of Terrorism (CFT) laws, the Money Laundering Control Act (MLCA) for Anti Money Laundering (AML), and the Member Identification Program (MIP) of the USA Patriot Act. By managing daily BSA/AML, and OFAC operations, the BSA Analyst protects the credit union and its members from financial crime and regulatory risk.

Essential Duties & Responsibilities

1. Assist with monitoring, researching, analyzing, and investigating alerts generated by the BSA monitoring system and review, close and/or escalate a case depending on the investigation conducted on the type of alert.
2. Document and report findings on each alert or case with supporting documentation within the “notes/comments” section within the monitoring system.
3. Assist with the investigations for cases within the monitoring system or by credit union personnel for unusual activity and document investigation findings accordingly.
4. Assist with the completion of EDD reviews and risk rating profiles within the BSA monitoring system.
5. Assist with the filing of Currency Transaction Reports (CTRs) within required timeframes and in accordance with applicable laws.
6. Assist with the filing of Suspicious Activity Reports (SARs) within required timelines. Perform follow-up reviews to reports filed as necessary.
7. Assist with inputting the business questionnaires and data into the BSA monitoring system.
8. Assist with reviewing and analyzing reports generated for BSA/AML/CFT/OFAC compliance.
9. Assist with reviewing OFAC reports.
10. Assist with 314(a)-314(b) compliance.
11. Stay current on any BSA regulatory changes.
12. Assist with BSA training as needed.
13. Attend regular compliance training as needed.
14. Assist with internal and external audits, as necessary.
15. Adhere to compliance and Credit Union policies and procedures.
16. Provide support to frontline staff regarding BSA/AML/CFT/OFAC/MIP policies and procedures during operating hours.
17. Other job-related duties as assigned.

Experience and Training

Associate degree in business, accounting, or criminal justice or related. Bachelor’s degree in business, accounting, or criminal justice or related is preferred. Three to five years of experience in the credit union/financial arena with consumer and business account structures, transactions and related activities.

Obtain the Certified Bank Secrecy Act Professional (CBSAP) Certification within 1 year of obtaining position. Must complete BSA recertification every 3 years.

We are proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to any legally protected characteristic.