BSA/ Compliance Specialist

Company Overview

Health Advantage Credit Union is the largest healthcare credit union in Michigan, dedicated to serving employees, independent contractors, and self-employed individuals within the healthcare industry. Our mission is to provide tailored financial services that meet the unique needs of our members.

Summary

We are seeking a BSA/Compliance Officer to join our team at Health Advantage Credit Union. In this role, you will be responsible for ensuring that our operations comply with all applicable regulations and standards. Your expertise will play a critical role in maintaining the integrity and trust of our financial services.

Responsibilities

• Identifies and mitigates risk exposure to the Credit Union’s assets which includes fraud prevention and detection
• through the review of notifications, reports, and other information including investigations of new accounts, checks, ACH/wires, loans, credit and debit fraud, etc.
• Reacts quickly and efficiently across all departments when trends emerge and notifies appropriate credit union employees in a timely manner.
• Initiates contact with members and employees to discuss account activity and provides recommendations and education related to fraud prevention and security.
• Researches, investigates, and processes cases of fraud and other crimes against the Credit Union and our members.
• Documents fraud cases and investigations thoroughly and accurately that may aid in prosecution against individuals who have caused a financial loss to the credit union as applicable.
• Assists in monitoring the BSA program and provides quality control in such areas as BSA, OFAC, FinCen (including preparing SAR's and CTR's)
• Monitors and analyzes member activity and conducting complex investigations related to Bank Secrecy
• Act potential violations. Regularly monitor and able to identify SAR activity.
• Regularly run OFAC and 314a checks, researching any and all matches; research any unusual activity identified through CU staff.
• Ensures Currency Transaction Report reviews are conducted daily and completes all CTR processing efforts with FinCEN.
• Ensures company compliance with all operational regulations.
• Assists during periodic compliance audits.
• Maintains accurate tracking, supporting documentation requirements and ensures all BSA related reporting is completed within established regulatory requirements.
• Participates in the maintenance, development and/or creation of policies and procedures as it relates to compliance and fraud as assigned.
• Conducts business continuity reviews with each branch/department.
• Analyzes and documents the impact of any new laws and regulations, or amendments to existing regulations, on current operations and new products and services.
• Assists with the review of all company policies, procedures, forms, disclosures, member publications, advertisements, and the website to ensure compliance with regulations.
• Assists with the implementation of a comprehensive compliance program to ensure conformity with federal and state laws.
• Acts as a resource to personnel for questions regarding regulatory issues and fraud.
• Assists with the monitoring of compliance-related procedures and performing reviews to ensure procedures are being followed and forms are being used properly.
• Supports making the information necessary to complete external compliance examinations available.
• Assists in monitoring, developing and presenting compliance-related and fraud awareness training for departments, all CU staff or members as assigned.
• Assists with coordinating the vendor risk-management program. Ensure efficiency, quality control, and compliance with regulatory guidance in company-wide vendor risk- management activities.
• Determines and regularly reviews established organization operating policies and procedures are being complied with consistently.
• Refer members to the proper department for issues that cannot be resolved within your department.
• Assist area personnel and all other staff members as required, handling communications and follow-up professionally.

If you are passionate about compliance and want to make a difference in the healthcare financial sector, we invite you to apply today and join our dedicated team at Health Advantage Credit Union!

Job Type: Full-time

Pay: From $19.00 per hour

Expected hours: 40 per week

Benefits:

• 401(k) matching
• Employee assistance program
• Life insurance
• Paid time off
• Professional development assistance
• Referral program
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: In person

Salary : $19