Job description

This position provides support to ensure the credit union meets compliance and regulatory requirements under the Bank Secrecy Act and related regulations. This position will learn transactional BSA/AML and OFAC activities such as preparing Currency Transaction Reports (CTRs), logging monetary negotiable instrument purchases using the Chronological Log received from front-line staff, reviewing the consumer and mortgage lending early payoff and large payments report, mitigating OFAC alerts, and conducting initial Bank Secrecy Act/Anti-Money Laundering (BSA/AML) initial alert reviews. This role may be required to perform transactional activities to assist other specialists where needed. This position must manage time appropriately to complete all tasks assigned. Any instances where performance expectations may not be met must be escalated to management.

Essential Functions

• BSA/AML responsibilities: Assist with the preparation of Currency Transaction Reports (CTRs) in Verafin for submission to FinCEN. Assist Service Centers, Call Centers, Consumer Lending, and Mortgage Lending, with the mitigation of Red Flags, a preventive measure to deter identity theft, associated with member accounts. Maintain the Monetary Negotiable Instruments log utilizing chronological forms completed by front-line staff and system-generated transaction reports Review and evaluate money laundering alerts and refer potential suspicious activity to be further investigated by appropriate staff. Review the Customer Identification Program (CIP) exception report and contact appropriate departments for mitigation. Conduct reviews of the Mortgage and Consumer Lending reports to identify potential violations of BSA/AML and report potential suspicious activity to appropriate staff for further investigation. Review 314(a) alerts and reports potential positive matches to BSA management for further investigation. Review OFAC Watchlist alerts and report potential positive matches to BSA management for further investigation. Review and evaluate Unusual Activity Referrals submitted by Ent employees and refer identified potential suspicious activity to be further investigated by appropriate staff. Conduct Enhanced Due diligence and make recommendations for behavioral setting changes, SARs, risk scoring, and/or monitoring timeframes. Review the International Wire Activity report for potential suspicious activity and violations of BSA/AML regulations.
• Time Management: Manage time to complete assigned BSA/AML and OFAC activities timely and appropriately Escalate potential concerns to management. Meet periodically with management to discuss the status of activities and raise potential concerns.
• Teamwork and People Development: Take and apply feedback received from management/higher tier roles. Coordinates with other team members to ensure a thorough understanding of the subject matter and to solicit feedback. Meet with management to discuss opportunities for training and/or development regarding themselves Attempt to stay informed of developments within the credit union industry and BSA/AML and OFAC processes through reading publications, alerts, and training.
• Bank Secrecy Act: Remains cognizant of and adheres to policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Qualifications

Minimum Formal Qualifications for this Position:

• High School Diploma/G.E.D. or equivalent
• 4+ years' combined experience with financial institution, customer service, fraud management, auditing, performing fraud investigations or related experience.

Each year of relevant work experience may be exchanged for a year in a relevant degree program or vice versa. For example, a requirement of a bachelor's degree in accounting and 2+ years of account experience could be substituted for a high school diploma and 6 years of relevant accounting work experience or a master's degree in accounting and 0 years of work experience.

Technical or Specialized Knowledge/Skills:

• Knowledge of the Bank Secrecy Act
• Knowledge of transactional processes and procedures.
• Investigative skills.
• Demonstrate problem-solving ability and consistent, logical, and effective decision-making based on fact.
• Product knowledge (ATM, Debit, Checking & Savings).
• Interpersonal communication skills to include professional verbal and written communications
• Time management and organizational skills.
• Ability to work with all levels of the organization and match communication styles to the audience being presented to.

Certifications Required:

• Actively pursuing Bank Secrecy Act Compliance Specialist (BSACS) certification.

Environmental, Physical and Psychological Requirements:

• Standing - Occasionally
• Walking - Occasionally
• Sitting - Frequently
• Lifting - Rarely (40 Lbs)
• Carrying - Rarely
• Pushing - Rarely
• Pulling - Rarely
• Balancing - Rarely
• Stooping - Rarely
• Kneeling - Rarely
• Crouching - Rarely
• Crawling - Rarely
• Reaching - Occasionally
• Handling - Occasionally
• Grasping - Occasionally
• Feeling - Occasionally
• Talking - Frequently
• Hearing - Frequently
• Repetitive Motions - Frequently
• Eye/Hand/Foot Coordination - Occasionally
• Noises louder than normal speaking volume - Occasionally
• Temperature Changes - Rarely
• Atmospheric Conditions - Rarely

Placement: Temporary approximately 3 months

Pay Range: $22.02 to $28.90 per hour, depending on experience.

Schedule: Monday to Friday 8am to 5pm

Location: 80921