BSA Operations Specialist

Position Information

Job Summary:

Responsible for supporting FHCU's daily compliance with the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Member Identification Program using industry standard and regulatory guidance. This role will support the AML/BSA compliance functions with focus on transaction monitoring, high risk accounts, due diligence reviews and regulatory reporting.

Essential Duties and Responsibilities:

• Monitors AML software alerts, data changes, account maintenance, file maintenance and dormant reports on a daily basis for signs of suspicious activity. Conduct time-sensitive investigations of alerted and referred transactions and members for suspicious activity, utilizing several internal and external resources. Communicate investigation to Risk and Compliance Manager.
• Import various reports to the Credit Union's Financial Crime Risk Manager (FCRM) including but not limited to FinCEN 314(a), FinCEN Acknowledgments and SDN Watch List.
• Monitor member transactions to help support BSA/AML, prepare and file all SAR/CTRs timely with FinCEN in accordance with BSA. Review system reports daily to support BSA/AML/OFAC compliance. Manage CTR reporting and CTR exemption processes.
• Conduct member due diligence and risk analysis of personal and business relationships two weeks after account opening including OFAC, verification reports, address & ID verifications, occupation/employment and all documents are signed/acknowledged and archived. Conduct enhanced due diligence reviews for members identified as higher risk.
• Maintains detailed reports to track, investigate, and follow up on high-risk accounts, cash transaction monitoring, and research possible suspicious activity through AML software tool.
• Alerts Risk and Compliance Manager if any red flags emerge from daily tasks.
• Assess potential matches from OFAC and other watch lists, clearing false positives or coordinating reporting for true matches with Risk and Compliance Manager.
• Receives, reviews and verifies all monetary instruments received by the branches for OFAC clearance compliance. Notifies the Risk and Compliance Manager when items are missing.
• Disseminate information, answer questions, and be a subject matter expert for the credit union on BSA/AML/OFAC-related issues. Consult with CUSO on guidance and support on compliance issues as needed.
• Process incoming levies
• Assist with regulatory examinations and audits, including gathering requested information.
• Serve as backup to the Administrator of Policy Tech for all policies & procedures of credit union.
• Assist in the preparation and documentation of annual risk assessments across all lines of business.
• Report member and fraudulent checks to ChexSystems as necessary.
• Conduct branch audits with appropriate personnel as necessary.
• Participates in available credit union self-development education programs and required compliance courses through self-study, BAI, and the credit union's training department.
• Supports the credit union's goals by contributing to the success of the credit union's business objectives.
• Adheres to the FHCU Service Standards as established.
• Performs other duties or special projects as required or as assigned by manager.

Qualification Requirements

Educational/Training Requirement:

• Bachelor's degree preferred or equivalent experience

Experience:

• 3 or more years of experience in BSA/AML
• Advanced knowledge of Bank Secrecy Act, USA Patriot Act, OFAC regulations

Systems:

• Fiserv DNA and FCRM (Financial Crimes Risk Management)
• Chexsytems

Licenses/Certifications (preferred but not required):

• BSA Certification

Knowledge, Skills, and Abilities:

• Strong knowledge of BSA/AML/OFAC/CFT and compliance regulations and industry best practices.
• Knowledge of credit union terminology
• Interpersonal skills - Work involves personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation and teamwork
• Highly proficient with Microsoft Office Suite, Outlook, Excel
• Well-organized and detail oriented
• Excellent analytical and problem solving skills
• Maintain confidentiality with sensitive information at all times
• Ability to learn credit union software programs and online systems used
• Ability to multitask and manage multiple projects with conflicting deadlines
• Professional demeanor

Physical Requirements:

The physical demands require a person to remain seated for up to eight (8) hours per day and perform repetitive hand movements on a keyboard.

Americans with Disabilities Act (ADA):

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job duties of the position. If you need to request and accommodation please contact Talent Services at 856-232-9000 ext. 5104 or via email to TalentServices@firstharvestcu.com.

First Harvest Credit Union is an Equal Opportunity Employer/Veterans/Disabled