What are the responsibilities and job description for the BSA Risk Specialist position at Maine State Credit Union?
We’re searching for a sharp, driven BSA Risk Specialist to strengthen our compliance and risk management efforts as we uphold the highest standards of financial integrity.
The BSA Specialist ensures the credit union’s full compliance with the Bank Secrecy Act and all anti–money laundering regulations. This role oversees the BSA program, monitors adherence to applicable laws, and identifies, investigates, and reports suspicious activity to the appropriate authorities.
Qualifications:What You'll Do:
• Prepare and submit required BSA/AML reports, including CTRs, SARs, 314(a) requests, 311 Special Measures reports, and OFAC blocking/freezing reports; identify and report suspicious activity to FinCEN.
• Ensure ongoing compliance with all BSA/AML regulations, supporting regulatory exams, internal audits, and corrective action processes.
• Deliver BSA/AML training to staff, ensuring strong attendance, engagement, and program effectiveness.
• Support and maintain the credit union’s BSA/AML risk assessment program, ensuring comprehensive analysis and actionable recommendations to leadership.
• Develop, implement, and monitor internal controls to ensure BSA/AML compliance; perform periodic member due diligence reviews and verify required documentation is complete.
What You Bring to the Role:
- 1–3 years of related experience in compliance, financial services, or a similar field.
- Two‑year college degree or equivalent job‑specific skills gained through hands‑on training or apprenticeship
- A strong understanding of financial regulations and compliance requirements.
- Ability to communicate clearly with internal teams, members, and vendors.
Benefits of Employment with Maine State Credit Union:
In addition to our world-class culture, a fun and supportive work environment and opportunities to learn and grow, our employees appreciate the work-life harmony they are able to achieve as part of our team.
We are also proud of the benefits we offer:
- Employer-subsidized medical insurance plans, includes one plan with employer paid premiums of 97%
- HSA – generous employer contribution
- Employer funded HRA
- Employer-subsidized Dental and Vision Insurance
- 100% employer paid - Life, Short-Term Disability and Long-Term Disability Insurance
- Accident Insurance
- Competitive wages, and annual evaluations with compensation adjustments
- Generous 401(k) employer match, plus annual discretionary contribution
- Generous PTO with immediate PTO accruals 8 hrs of birthday PTO & 12 paid holidays
- Paid Parental Leave
- Education reimbursement - up to $5,000 annually for undergraduate
- Opportunities to volunteer in our local communities
- 100% Employer Paid EAP which includes 6 free mental health sessions
- Wellness Reimbursement of up to $150
- Free coffee, tea, and hot chocolate and an abundance of food