What are the responsibilities and job description for the BSA (Bank Secrecy Act) & AML (Anti-Money Laundering) Specialist position at Clearview Federal Credit Union?
OBJECTIVE
The BSA Specialist will be responsible for executing standard BSA/AML transaction monitoring, routine investigations, and regulatory reporting using established procedures. Identifies potential suspicious activity and escalates findings that meet defined criteria.
HOURS
The role is primary remote, with onsite meetings required. This individual will be required to attend onsite quarterly meetings monthly in our Moon Township location.
This position is currently posted at the Specialist I level; however, we may consider candidates for a higher-level role based on experience and qualifications. Compensation will vary accordingly.
MINIMUM QUALIFICATIONS
- Associate’s Degree, completion of a specialized course of study, or equivalent experience preferred
- 1-3 years of experience in BSA/AML, fraud, operations or financial services
- Obtain BSA certification in BSA/AML within first two years
- Experience with BSA or other AML software preferred
- Basic knowledge and understanding of BSA/AML, OFAC and USA Patriot Act regulations
- Excellent written and oral communication skills
- Strong organizational skills with the ability to manage multiple priorities in a fast-paced environment.
- Ability to work independently with a high level of initiative
- Research, analytical and investigative abilities, attention to detail, accuracy and organization
- Clear, professional communication skills for collaborating with staff
- Team-oriented with a commitment to learning and continuous improvement
- Demonstrates general knowledge of or willingness to learn how AI tools are being used in a responsible way to improve results, adapt workflows, and support a culture of innovation.
ESSENTIAL DUTIES AND RESPONSIBILITIES
1. Transaction Monitoring, Investigations & Decision Authority – 45%
- Review standard alerts using BSA/AML systems to identify potentially suspicious activity in accordance with established procedures and thresholds.
- Investigate routine suspicious activity and document findings clearly and accurately within case management systems in line with internal standards.
- Standard / routine alerts: Recommend disposition or escalation based on defined procedures, risk criteria, and supporting analysis.
- Complex or layered patterns: Identify indicators of increased risk (e.g., multi-account or unusual activity) and escalate for advanced review and decisioning.
- Enterprise or high-exposure activity: Immediately escalate activity posing elevated regulatory, financial, or reputational risk; final decisions remain under BSA Officer governance.
2. Regulatory Reporting & Compliance – 35%
- Prepare, file, and maintain CTRs and SARs in accordance with regulatory requirements and internal procedures, ensuring accuracy, completeness, and timeliness of FinCEN submissions.
- Perform OFAC monitoring by reviewing alerts, analyzing potential matches, and clearing false positives in line with established procedures and escalation requirements.
- Complete FinCEN 314(a) reviews and support lawful law enforcement requests through appropriate searches, documentation, and escalation of findings.
- Maintain and apply a working knowledge of BSA, AML, OFAC, and USA PATRIOT Act regulations to support accurate transaction review, reporting, and compliance activities.
3. Collaboration, Training & Program Support – 20%
- Provide day‑to‑day BSA/AML compliance support to internal departments, addressing routine inquiries and escalating more complex matters as appropriate.
- Participate in ongoing training, industry updates, and certification development to maintain current regulatory knowledge and compliance awareness.
- Adhere to all organizational policies related to information security, privacy, fraud prevention, and regulatory compliance, including completion of required training and protection of confidential information
- Develop foundational investigative and analytical skills to support progression into more advanced BSA/AML responsibilities.
- Contribute to continuous improvement of BSA/AML processes, procedures, and controls by identifying inefficiencies and providing operational feedback.
- Support Clearview’s Commitment to fostering a workplace where every individual feels welcomed, valued, and supported. Embrace and celebrate the unique differences of others, treat all people with fairness and respect, and contribute to an inclusive experience where everyone is encouraged to grow and pursue opportunities that lead to a better life. Understand and champion the belief that a diverse and inclusive workplace is essential to Clearview’s vision and success
Clearview is an equal opportunity employer. We do not discriminate on the basis of race, color, religion, national origin, ancestry, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity and/or expression, age, disability, genetic information, familial status, military status, or any other characteristic protected by applicable federal, state, or local law. This commitment applies to all employment practices, including recruitment, hiring, promotion, compensation, benefits, training, and termination. We provide reasonable accommodations as required by law