BSA - BSA Risk Specialist II

Assists the BSA team by leading the Credit Union’s efforts as they relate to compliance with laws and regulations involving the Bank Secrecy Act, USA Patriot Act, Office of Foreign Assets Control, and other related regulations involving anti-money laundering and suspicious activity on members’ accounts.

Requirements

• Triage BSA/AML automated system alerts.
• Review Additional reports or manual referral for alert creation and triage
• Processes Currency Transaction Reports for timely review and filing to meet regulatory deadlines.
• Reviews wire activity to ensure compliance with laws and regulations covering those areas, including OFAC and other government watch lists, and escalates to management as required.
• Responds to escalated branch and department inquiries about BSA compliance, utilizing appropriate resources for accurate research.
• Performs monthly subpoena reviews to identify potential suspicious activity and ensure appropriate follow up.
• Creates, assigns, and oversees cases in Verafin for investigation forms received.
• Collaborates with the team on BSA/AML/OFAC monitoring and testing program development and implementation.
• Stays current on industry standards, trends, and proposed and actual changes relating to relevant compliance topics.
• Participates in bi-weekly 314a searches.
• Contributes to the development and updating of BSA/AML related training materials.
• Supports Credit Union audit and examination processes, particularly in the preparation of supporting documentation and responses.
• Supports the BSA team in the continued development and implementation of BSA program and ensures adherence to regulatory agency directives, memoranda, interpretive rulings, laws and regulations affecting the Credit Union.
• Performs other tasks as assigned by the BSA Officer or SVP/Chief Risk Officer.

Benefits

• Generous Paid Time Off
• 401k Matching
• Retirement Plan