bsa specialist I

Who We Are:

At orsa credit union, we believe in more than just banking, we believe in people. We are looking to build a community of forward-thinking team members who share our values towards providing exceptional member experiences and financial empowerment through our best-in-class products.

We’ve been recognized as one of the Regional Best and Brightest companies for the last 20 years and nationally recognized since 2018. We have been certified as a Great Place To Work since 2023 and as of 2024, we were also recognized as the Best and Brightest in Wellness, reflecting our deep commitment to our team members and the communities we serve. 

About the role:

The bsa specialist I is responsible for assisting leadership with Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), Office of Foreign Assets (OFAC), Member Identification Program (MIP) and other BSA compliance. The primary responsibility is to analyze BSA/AML alerts generated from account activity monitoring software. This position recommends adjustments and assists in developing and updating methodology, as well as advising others on compliance/legal requirements. This position requires maintaining confidentiality with member/team member information, as well as communicating with and supporting team members of other departments and branches.

This position has a starting hourly rate of $26.11, but your offer amount may be increased with relevant work experience and transferable skills.

A Day in the life of bsa specialist I can look like: 

• Monitor and review BSA/AML analytics for potential suspicious activity and investigate as needed. 


• Assist with the BSA/AML monitoring and review of high-risk accounts.


• Monitor BSA/AML related daily reports to ensure appropriate reporting.


• Prepare Suspicious Activity Reports (SARs) for review by the Manager/Fraud & BSA.


• Oversee the accurate and timely filing of Currency Transaction Reports (CTRs).


• Assist with the implementation of regulatory changes from various initiatives including, but not limited to, BSA/AML, OFAC, US Patriot Act, and MIP.


• Assist with exam preparation and follow-ups, organizational risk assessments, and the development of department policies and procedures.


• Assist with new hire business banking training to ensure completion. 


• Support branches with compliance by reviewing/approving trust and fiduciary accounts., 


• Review and recommend actions in response to various branch and department related requests and provide overrides when appropriate.


• Assist with processing IRS B-notices to ensure compliance with backup withholding requirements.


• Communicate with members, other financial institutions, government agencies and law enforcement regarding BSA related instances. 


• Address SAR related inquiries from law enforcement.


• Be actively involved with various industry groups (NOLPA, IAFCI, etc.)


• Perform other duties as directed by leadership.

What you bring to the table:

• High school diploma or equivalent.


• 2 years of experience in a financial institution. 


• Demonstrated the ability to quickly identify, troubleshoot and exercise good judgment in implementing effective solutions to daily issues as they arise.


• Proficiency using Excel and Word.

You might also have: 

• College degree.


• 2 years of experience in prevention, investigation, and resolution of issues related to BSA/AML/OFAC compliance.


• BSACS certification.


• Basic understanding of financial institution regulations.

We believe in creating a Culture of Belonging guided by our core values: Relentless Care, Hustle & Grind, Huzzah! and Curiosity.

As a team member of orsa, you’ll enjoy:

• Comprehensive medical, dental, and vision plans 


• Generous paid time off package for all full-time team members 


• Up to 12-weeks paid paternity/maternity leave


• Lifestyle Accounts to help with your personal wellbeing 


• Family Health Benefits 


• Paid time off to observe all Federal Holidays 


• Flexible work options depending on position


• A generous 401k match 


• Numerous employee engagement activities 


• Community Resource Groups 


• Paid time off for occasions such as volunteering, caregiving, and family events 

Contact/application information:

If this description appeals to you, please submit an application! A member of orsa’s talent acquisition team will be in contact with you shortly! 

Equal Employment Opportunity Policy:

orsa credit union is an equal opportunity employer (M/F/D/V). We recruit, employ, train, compensate, and promote without regard to race, religion, creed, color, national origin, age, gender, gender identity or expression, sexual orientation, marital status, disability, veteran status, or any other basis protected by applicable Federal, State or local laws. 

Disclaimer:

This job posting highlights some of the most critical responsibilities and requirements of the position. There may be additional duties and responsibilities that are not listed above. A Talent Acquisition Specialist will be sure to discuss the role in further detail should your application be selected to move forward. 

Please note that orsa credit union does not involve Artificial Intelligence (AI) when evaluating applications. Applications for this position are reviewed by a member within the Talent Acquisition team. We are dedicated to providing an equitable and thorough review of all submissions and look forward to additional connection as the recruitment process continues!