BSA Compliance Specialist

Family Security Credit Union

Job Description

BSA Compliance Specialist

Department: Compliance/Security

Reports To: Assistant Vice President of Compliance and Security

Grade: 8

Classification: Non-Exempt

Role

Reports to the AVP of Compliance and Security and works to support employee, departmental, and organizational compliance with all rules and regulations, including but not limited to, BSA USA PATRIOT Act, OFAC and consumer related regulations. To minimize Credit Union fraud losses, to ensure accounts are monitored for suspicious activity and all Suspicious Activity Reports and Currency Transaction Reports are filed in a timely manner. To ensure all affected areas of the Credit Union are kept informed of changing laws and procedures. Responds to questions and/or provides information upon request from branch personnel.

Major Duties and Responsibilities

In support of the AVP of Compliance and Security, ensures compliance with all rules and regulations, including but not limited to, BSA, USA PATRIOT Act, OFAC and CTR. Assists in the interpretation, evaluation, documentation, and education of compliance rules, regulations, and procedures.

Investigates, documents, and mitigates suspicious activity through the Credit Union's automated software system VeraFin.

Works with operation units to investigate transactions that are suspicious in nature.

Investigates, documents, and mitigates the Credit Union's fraud losses.

Reviews OFAC matches identified through BSA software and branch transactions.

Compiles Suspicious Activity Reports (SARs) for BSA/AML related activities.

Monitors and tracks BSA/AML High Risk members and accounts.

Compiles Currency Transaction Reports (CTRs) from core processor reports in conjunction with BSA software and ensure accurate data entry and completion of CTRs for electronic filing.

Provides support to other Credit Union employees on any BSA compliance related matter.

Maintains branch robbery and disaster recovery kits.

Reviews and documents Monetary Instruments purchased and logs them into BSA software.

Performs other duties as assigned.

Qualifications

Required Qualifications:

One to three years of experience in a financial institution

High School Diploma or equivalent

Must be 18 years of age or older

Solid analytical, problem solving and critical thinking skills

Attentive to detail and observant

Intermediate PC knowledge and Microsoft Office skills

Preferred Qualifications:

Ability to work alone with little supervision

Excellent communication skills written and oral

Good interpersonal skills to include being courteous, diplomatic, and tactful

Good organizational and time management skills

Ability to multitask when necessary

Bachelor's Degree in Finance or Business or equivalent combination of education and experience

Extensive knowledge and experience with regulations, laws (federal and state), forms, etc., that are applicable to compliance within the financial industry.

Expectations

To maintain the confidentially of information obtained through investigative responsibilities.

To ensure the credit union's policies and procedures are compliant with laws and regulations.

Respond to all voicemails and e-mails in a timely and appropriate manner.

Ensure members are assisted in a professional manner within the time frame established by management.

Assist credit union personnel with compliance and/or security related questions, issues and training, seeking senior management guidance when needed.

To stay abreast of changes in rules and regulations and their impact on credit union policies and procedures.

To maintain a low level of fraud related losses through employee awareness, prevention procedures, and recovery efforts.

To ensure all Suspicious Activity Reports and Currency Transaction Reports are filed within deadlines established by federal regulations.

To serve as backup for Compliance and Security Department during the absence of the AVP of Compliance and Security.

This job description is not a complete statement of all duties and responsibilities comprising this position.

EOE, Including Disability/Vets