Senior BSA/AML Operations & Investigations Specialist

Summary:

Responsible for leading investigations related to suspicious activity, ensuring compliance with Bank Secrecy Act
(BSA)/Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) regulations. The role involves
overseeing the execution of policies and procedures, analyzing high-risk transactions, and collaborating with internal
and external stakeholders to mitigate financial crimes. The role leverages advanced analytics, provides guidance to
team members, and ensures timely reporting to regulatory authorities, maintaining organization’s commitment to
compliance and operational excellence.

Essential Duties & Responsibilities:

• Investigate suspicious activity from various sources to determine if a Suspicious Activity Report (SAR) is warranted,
  and document findings thoroughly, regardless of filing outcome. Prepare SARs, when warranted.
• Maintain proficient knowledge of BSA/AML and all related rules and regulations.
• Oversee the accurate and timely filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports
  (SARs).
• Support daily monitoring and reporting responsibilities for BSA/AML, and OFAC programs, ensuring compliance
  with federal regulations and timely submission of required reports.
• Maintain accurate and comprehensive documentation, including filed reports, cash item logs, high-risk account
  records, and other items related to BSA/AML, and OFAC programs.
• Review documentation for all new business/non-personal accounts opened to determine if additional due
  diligence is needed on the entity. Provide assistance to frontline staff as questions arise.
• Oversee the BSA/AML monitoring and reviews of high-risk accounts.
• Lead the beneficial ownership program for the credit union by managing compliance and verification processes
  for business banking members, ensuring adherence to BSA/AML regulatory requirements.
• Manage data analytics software by monitoring and updating, as necessary, to optimize performance and ensure
  accurate, effective results.
• Manage the performance of 314a list searches against internal records and resolve any potential matches in
  accordance with regulatory requirements.
• Handle 314(b) requests (if appliable) by reviewing and responding to information-sharing requests, ensuring
  compliance with FinCEN regulations and timely, accurate communication with requesting entities.
• Collaborate with local and federal law enforcement, regulatory agencies, and legal counsel to address
  document requests related to BSA/AML compliance, fraud investigations, and other financial crimes. Monitor
  changes in laws, regulations, and trends regarding BSA, AML, and OFAC. Report changes that may impact the
  credit union to leadership.
• Develop and implement BSA/AML, and OFAC trainings, provide staff guidance, and conduct annual reviews
  of related policies, procedures, and risk assessments related to the organization’s BSA program.Act as a liaison
  with NCUA examiners and external audit personnel in the areas of BSA, AML, and OFAC.
• Review legal documents, including powers of attorney, subpoenas, and search warrants, for regulatory
  compliance and assist staff with fiduciary accounts and compliance related inquiries.
• Understand and comply with credit union policy, laws, regulations, and the credit union’s BSA/AML/CIP/OFAC
  Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and
  adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations
  and report any suspicious member and/or account activity.
• Other job duties as assigned.

Qualifications / Education / Experience:

Experience: Minimum of three years of similar or related experience.
Education: (1) A two-year college degree or (2) Completion of a specialized course of study at a business or
trade school or (3) Completion of a specialized and extensive industry related training or apprenticeship program.
Certifications: Obtain or maintain an industry recognized BSA/AML certification.
Interpersonal Skills: A significant level of trust and diplomacy is required, in addition to normal courtesy and
tact. Work involves extensive personal contact with others and/or is usually of a personal or sensitive nature.
Work may involve motivating or influencing others. Outside contacts become important and fostering sound
relationships with other entities (companies and/or individuals) becomes necessary.
Other Skills:

• • Good working knowledge of credit union policies, procedures, federal and state regulations and laws.
  • Provide informed, professional, and accurate service and support to all members and associates.
  • Effective written and oral communication, problem-solving, analytical, negotiation, and decision-making
    skills.
  • Understand and personally maintain strict compliance to the credit union's policies and practices related
    to security, confidentiality, and privacy.
  • Ability to work effectively in a team environment and be recognized as a team player.

Working Environment & Physical Demands:

Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 30 lbs. Must be
able to routinely perform work on computer for an average of 6-8 hours per day. Must be able to work
extended hours whenever required or requested by management. Must be capable of regular, reliable and
timely attendance.

Acknowledgement:

Nothing in the position description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This Job description is not a contract and should not be construed as a guarantee of employment for any period of time.

Family Trust Federal Credit Union is an Equal Opportunity Employer and does not discriminate against employees or applicants based on race color, religion, sex/gender, national origin, disability, age, or any other category protected by law.