BSA/AML Analyst

Why Liberty First Credit Union?

Join the best small company to work for in Lincoln and Omaha! We have 100 employees and 6 locations in the Lincoln and Omaha area.

Our associates and members are key to our success as a Credit Union. Our goal is to continually strive to make LFCU a great place to work by providing meaningful work, career development, and professional development opportunities. Our benefits and associate programs are some of the most competitive and low-cost to associates amongst Nebraska employers.

BSA/AML Analyst

Summary

The BSA/AML Analyst will be responsible for ensuring compliance with the Credit Union’s Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Office of Foreign Asset Control (OFAC) monitoring and reporting standards in accordance with established Credit Union policies and procedures.

Job Duties

• Review alerts generated by the transaction monitoring system and perform due diligence to resolve or escalate the alert. Document analysis in written form within the transaction monitoring system (Nasdaq Verafin) and communicate your alert resolution reasoning with Management and during quality control assessments.
• As part of the ongoing Enhanced Due Diligence process of potentially higher risk members, review cases assigned for anomalous behavior and perform due diligence to understand the activity. Recommend actionable cases to Management for possible Suspicious Activity Report (SAR) filing. Document the process in writing and be able to communicate findings with Management and during quality control assessments.
• Review daily cash reports and ensure that all Currency Transaction Reports (CTRs) are prepared and supporting documentation is maintained in accordance with established policies and procedures.
• Review and process credit/debit card fraud claims and perform follow-up duties.
• Review various manual reports to detect suspicious activity. Escalate potentially suspicious transactions or trends to Management for further review.
• Assist with the management of Office of Foreign Asset Control (OFAC) compliance requirements including working with other areas of the Credit Union to resolve potential matches.

Qualifications

Required

• Minimum 3 years BSA/AML and/or fraud investigation experience
• Must have an understanding of Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) requirements and best practices, other related regulations, and have an interest in continually developing that knowledge
• Ability to gain a working knowledge of the Credit Union’s operating systems, lines of business, products, and member base
• Strong Microsoft Word and Excel skills
• Demonstrated business or report writing experience. This includes distilling complex and multifaceted information into concise, well-written paragraphs
• Possess a positive track record of adapting to system and procedural changes
• Demonstrated strong organizational skills, time management skills and attention to detail
• Demonstrated strong interpersonal and communication skills
• Ability to work and make timely decisions independently with minimal oversight

Preferred

• A bachelor’s degree in a field of study relevant to the position
• Advanced Excel skills and experience using and editing relational databases
• Possess a financial crime-related certification (e.g., CAMS, CAFP, CBAP, CFE, etc.)
• Experience using financial crime-related software (Nasdaq Verafin Preferred)

Work Hours

• Full-time. 40 hours per week. Monday - Friday. 8 hour shift with a 1 hour unpaid lunch

Wage

• $26.44/hr - $28.84 /hr (equivalent $55,000 - $60,000 per year)

• This position is eligible for incentives and a discretionary gain-share plan payment annually

LFCU BENEFITS AND OTHER PROGRAMS

Insurance Benefits

• Medical – LFCU pays 85% of premium, associates pay only 15%
• Dental – Free to associates
• Vision - LFCU pays 50% of premium
• Life and ADD – LFCU pays 100% of premium
• Short-term and Long-term Disability – LFCU pays 100% of premium
• AFLAC Supplemental –Cancer, Critical Care, Accident, Hospital - associate paid
• Flexible Spending Accounts (FSA) – Health Savings and Dependent Care

Retirement Plan – LFCU contributes 5% of associate earnings to Profit Sharing. LFCU matches 50% up to 5% of associate’s 401(k) contributions.

Gain Share Plan - Reviewed and approved by the Board annually, this plan rewards employees when the credit union achieves above average performance. Employees are also rewarded based on their level of performance and contributions to the success of the credit union.

Paid Leave

• Vacation– 2 weeks/year
• Sick – 2 weeks/year
• Personal Day – 2 days earned after one year
• Holiday Pay – 6 paid holidays/year. 5 additional federal holidays per year are reserved for all-staff meetings. For 1 of the 5, staff are required to attend an all-staff meeting, and the remaining 4 may be provided as holiday pay based on LFCU's discretion.
• Funeral Leave

Additional Programs

• Quarterly all-staff professional development
• Tuition Reimbursement
• Fitness Club Reimbursement
• Free Breakfast on Fridays
• LFCU Apparel – 2 free items annually

Salary : $55,000 - $60,000