What are the responsibilities and job description for the BSA & QC Specialist position at nymeo?
Job Description:
We are looking for friendly, service driven individuals to join our team of rock stars!
The essence of Nymeo’s identity has been captured in our Core Values:
- Personalized member service, education and rapport
- People helping people
- Outstanding products, services and delivery
- Professional and personal wellbeing of each team member
Voted the 16th Best Credit Union to work for in the nation and one of Frederick County’s Best Workplaces, Nymeo prides itself on providing a positive and fulfilling work environment focused on the credit union principal of people helping people.
Primary Function: Responsible for assisting BSA Officer to ensure all banking activities are performed in compliance with all provisions of the Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), and USA PATRIOT Act. Review documents, systems, and files for all products and services to ensure proper recording, regulatory compliance, and effective processing. Secondary Function: Assist with Enterprise Risk Management Program by performing risk assessments, reviewing credit union procedures, and recommending changes to ensure safety and soundness.
Essential Functions:
- To assist the BSA, Anti-Money Laundering (AML), and OFAC Officer and ensure the accurate and timely filing of reports, such as Currency Transaction Reports and Suspicious Activity Reports (SARs).
- Ensure that all AML alerts are reviewed on a daily basis. Research and respond to escalated AML alerts and suspicious circumstances identified by the frontline or other staff. Create cases and file SARs as appropriate.
- Assist with the Marijuana-Related Business Account program for the credit union. Use best practices developed from the FinCEN guidance and other resources on the subject to ensure that Nymeo follows governmental guidance on the issue.
- Assist in Vendor Management Program and Disaster Recovery/Business Continuity Program.
- Assist in the physical security of the credit union, Including procedures for keys, alarm codes, combinations, and other security, access and monitoring devices and procedures.
- Prepare quality control reports that summarize work performed. Clearly document all exceptions.
- Perform quality assurance reviews of documents that have been imaged by others (including, but not limited to, loan documentation, collection information, and signature cards), ensuring completeness, accuracy and legibility of documentation and scanned images.
- Work with outside audit firms, to coordinate the credit union’s audit and risk programs.