BSA Compliance Analyst

SUMMARY

Under the direction of the BSA Officer, the BSA Compliance Analyst assists in the implementation and administration of all aspects of compliance and assists with various assignments. 

ESSENTIAL FUNCTIONS 

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The following statements are intended to describe the general nature and level of work being performed by this position.  It is not intended to be an exhaustive list of all duties, responsibilities, and skills required of this position.  Other duties may be assigned to meet business needs.

Performs quality control reviews and monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Member Identification Program compliance using industry standard and regulatory guidance to ensure CoastHills’ compliance efforts are maintained daily.

Monitors and analyzes developing trends and changes in regulatory compliance laws, rules, and regulations, and advises management of the operational impact.

Assists in the development and implementation of appropriate policies, procedures, disclosures, notices, and forms to comply with legislative and regulatory changes or new requirements. 

Complies with currency transaction action reporting requirements by performing daily currency transaction (CTR) monitoring and, when appropriate, the preparation of Currency Transaction Reports.

Conducts time-sensitive investigations of alerted and referred transactions and individuals for suspicious activity, utilizing several internal and external resources.

Reviews simple and complex transactions, individuals and member situations and provides findings to management to evaluate potential risk to the Credit Union.

Reviews internal suspicious incident reports and determines if Suspicious Activity Reports (SAR) are warranted and files SARs timely with FinCEN.

Maintains current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations. 

Provides research and evaluation of anti-money laundering (AML) cases and accurately and sufficiently document analysis and findings in the Credit Union's case management system.

Uploads various reports to the Credit Union's Financial Crime Risk Manager (FCRM) including but not limited to FinCEN 314(a), FinCEN Acknowledgments and SDN Watch List.

Ensures effective communication with management and employees to complete suspicious activity investigations and reports.

Immediately responds to employee requests for assistance regarding regulatory and procedural processes relating to BSA, OFAC, AML, and CIP.

Pursues specialized Bank Secrecy Act training and re-certification to keep abreast of the constant changes in state and federal regulations.

Maintains current job knowledge of Credit Union policies, procedures, and services.

Regularly attends and participates in in-house training.

Performs duties as assigned by management and may be assigned to work at any location.

QUALIFICATIONS

The qualifications listed below are representative of the knowledge, skill and/or ability required to perform the essential functions of this position.

Education and Experience 

Five or more years increasingly responsible related experience within a financial institution.

Knowledge of branch operational activities and a variety of federal and state laws and regulations.

Certificates, Licenses and Registrations

BSA Compliance Specialist certification, or successful completion of BSA Compliance School possession of certification within six months of hire. 

Knowledge

Well-rounded background in all aspects of credit union department functions, policies, and procedures.

Credit union laws and regulations.

Advanced skills with MS Office Suite (Word, PowerPoint, Excel) required, as well as auditing software.

Other Skills and Abilities

Operates a variety of office equipment, machines, audio/visual equipment and aids, cameras, and other digital equipment.

Travels, attends, and participates in meetings, seminars, and conferences held before and after normal business hours that may require unaccompanied long-distance travel and overnight lodging.

Ability to work a variety of hours, including evenings and weekends.