What are the responsibilities and job description for the Bank Secrecy Act (BSA) and Compliance Specialist position at Bayer Heritage Federal Credit Union?
Job Type
Full-time
Description
Ready to look forward to going to work every day? Want to be a part of a service driven culture where employees are appreciated? Check out our opportunity with Bayer Heritage Federal Credit Union!
This role is to assist the BSA Officer with the daily monitoring and reporting necessary to have a comprehensive and effective BSA program.
Essential Functions & Responsibilities :
- Reviews all regulations pertinent to Credit Union Operations and make recommendations for procedure and policy changes to assure BHFCU complies with such regulations. Regulations include, but are not limited to :
- The Privacy Act, The SAFE Act, and FACT Act
- The Bank Secrecy Act
- Regulation Z : Truth in Lending
- Regulation CC : Availability of Funds & Collection of Checks
- Regulation B : Equal Opportunity Act
- Assist the compliance officer with compliance questions or issues from credit union employees.
- Assist the compliance officer with ongoing reviews of the various compliance areas including risk assessments, Red Flags, Information Security, SAFE Act and BSA.
- Gathers necessary documentation for exams and audits which pertain to areas of compliance and BSA.
- Utilizes Verafin to ensure we maintain a comprehensive BSA program.
- Work alerts associated with BSA.
- Respond to and initiate 314(b) conversations regarding suspicious member activity.
- Review and schedule high risk member reviews (HRC).
- Review reporting exemptions to ensure continued qualifying activity.
- Review resolved cases for potential BSA reporting.
- Upload and work 314(a) lists and alerts.
Performance of daily tasks :
5% Perform other job-related duties as assigned.
Requirements
Experience
Two years of experience in a credit union environment. BSA / compliance experience preferred.
Education
High school diploma or equivalent.
Interpersonal Skills
Courtesy, tact, and diplomacy are essential elements of the job. Work involves much personal contact with others inside and / or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.
Other Skills
Ability to read, comprehend, and interpret technical documents.
Work Environment
Office setting.
EEO Statement
Bayer HFCU is an equal opportunity employer. We are committed to our policy of providing equal employment opportunity in a manner consistent with applicable laws and regulations, including federal laws prohibiting employment discrimination on the basis of race, color, creed, national origin, sex, age, disability, sexual orientation or genetic information.