BSA Compliance Specialist II

POSITION TITLE: BSA Compliance Specialist II

REPORTS TO: AVP Compliance, Risk, and Quality

SUPERVISES: N/A

JOB STATUS: Non-Exempt

JOB GRADE: 10 $23.33 to 29.17 Target Salary

• This position works on-site. Remote work is not available at this time

JOB SUMMARY:

The BSA Compliance Specialist II is responsible for ensuring overall credit union compliance in day-to-day activities relating to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, and other federal and state laws. This role plays a pivotal part in safeguarding the credit union from financial crimes, regulatory violations, and reputational risks, while coordinating with BSA/AML management. Responsibilities further include the review of work and mentorship of junior staff in the BSA/AML and Compliance teams.

All employees of State Employees Credit Union are proactive, result driven, and fully committed to the Credit Union's mission and vision. They strive to achieve the highest standards of excellence and consistently exceed the expectations established by Credit Union Management.

Duties/Responsibilities:

• In partnership with management, develop, implement, and maintain a robust BSA/AML compliance program that aligns with federal and state regulations.
• Ensure timely monitoring, documentation, and review of BSA/AML alerts in transaction monitoring systems.
• Develop and update compliance policies and procedures to reflect regulatory changes and industry best practices.
• Conduct ongoing monitoring of transactions for potential money laundering, fraud, or illegal activities, escalating cases as needed.
• Provide mentorship to the compliance team, fostering a culture of accountability and continuous improvement.
• Provide training and education to credit union employees on BSA/AML regulations and internal policies.
• Lead compliance-related meetings, audits, and risk assessments to evaluate program effectiveness.
• Ensure the timely filing of Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), and other regulatory submissions.
• Oversee review and resolution of Office of Foreign Assets Control (OFAC) and watch list matches.
• Respond to 314(a) and 314(b) information-sharing requests within required timeframes.
• Coordinate internal audits and external regulatory examinations addressing findings, and implement corrective actions based on discoveries and feedback.
• Collaborate with law enforcement and regulatory agencies on investigations related to financial crimes.
• Conduct periodic compliance reviews and audits to assess adherence to policies and procedures.
• Recommend and implement process improvements based on audit findings and regulatory changes.
• Provide regular updates to senior management regarding compliance activities, risks, and regulatory developments.
• Provide cross-functional support to other Enterprise Risk functions as necessary.

Required Skills & Qualifications:

• Strong understanding of some combination of financial crimes, fraud detection, and/or risk management.

• Excellent analytical, investigative, and problem-solving skills.
• Strong written and verbal communication abilities.

• Ability to manage multiple priorities, meet deadlines, and work effectively under pressure.
• Detail-oriented with a commitment to accuracy and compliance.
• Job Related Travel - As required.

Education & Experience:

• Education or experience equivalent to a Bachelor's degree in Business Administration, Finance, or related field, in addition to 3 plus years' of progressively responsible experience in financial services or similar.
• Relevant professional certifications are preferred but not required. This may include but is not limited to:
• • Bank Secrecy Act Compliance Specialist (BSACS)
  • Certified Bank Secrecy Act Professional (CBSAP)
  • Certified Anti-Money Laundering Specialist (CAMS)

General Requirements:

Must be capable to execute all terms and conditions set forth in the Employee Handbook, including but not limited to:

• Work in a safety conscientious manner which ensures that safe work practices are used in order not to pose a risk to self or others in the workplace.
• Adhere to policy on Drug Free Workplace.
• Comply with company policies and procedures and local, state and federal regulations.

Physical Requirements:

• Prolonged periods of sitting at a desk and working on a computer.
• Some standing, walking, kneeling, stooping, bending and lifting.
• Must be able to lift to fifteen (15) pounds at times.
• Must be able to access and navigate credit union facilities.

State Employees Credit Union offers a highly competitive benefits package
Applications must be received by Human Resources
State Employees Credit Union of New Mexico is an Equal Opportunity Employer
Equal Opportunity Employer, including disabled and veterans.