BSA/AML Representative

Role

The BSA/AML Representative is responsible for supporting the Fraud Team and reporting to the BSA/AML Fraud Manager. This will include account research to identify potential fraud as well as to ensure compliance relating to all BSA/AML/OFAC requirements. The BSA/AML Representative is also responsible for record preservation, to include gathering, researching, and retaining records to be utilized for various business purposes. Expectations also include indexing and scanning of documents to electronic record storage system, in addition to the proper recording and destruction of documents. The BSA/AML Representative is expected to assist with routine audit and miscellaneous compliance duties as required.

Major Duties And Responsibilities

• Independently gathers, researches, verifies, and documents, account research relating to potential fraud and suspicious activity.
• Assists in assessing emerging fraud trends and technological threats that pose a risk to EFM effectiveness and performance.
• Assists with internal and external examinations conducted by auditors and state examiners.
• Reviews Verafin processes and established parameters to determine recommendations for maximum optimization.
• Works with branch staff to ensure Currency Transaction Reports (CTRs) are completed accurately to ensure reports are filed in a timely manner.
• This role will require extensive work in Verafin and other credit union - related platforms.
• Creates and suggests changes to EFM procedures.
• Prepares and assembles documents and records used in the normal course of business as requested.
• Ensures required reports and records are submitted accurately and timely.
• Uploads Weekly Western Union outgoing wire file for Verafin OFAC screening.
• Reviews and confirms/declines Western Union wire compliance alerts, to include scanning entities in OFAC.
• Assists with questions, problems, and inquiries, and resolves or refers them in all areas, including BSA/AML/OFAC, Fraud, and Record Preservation.
• Assists in creating and presenting training to all CU employees in the areas of BSA/AML/OFAC and fraud.
• Assumes responsibility for the preservation of records.
• Prepares and scans all applicable credit union documents including, but not limited to, change of address documents.
• Assists departments and managers with overseeing storage, receipt, and retrieval of records.
• Indexes all scanned materials and shreds documents when applicable based on record retention guidelines.
• Manages the organization of records and maintains the required documentation for destruction of records.
• Assists and supports Risk Management Team as required, in addition to Credit Union personnel.
• Assumes responsibility for related duties as assigned or required, including the attendance of mandatory meetings.
• Required to obtain certification of BSACS within six months.
• Required to obtain certification of CUCE within two years.
  
  

Knowledge And Skills

Experience Required

One plus year of banking, BSA/AML, compliance, bank/credit union branch operations, processes, procedures, or other directly related experience. Work-related experience should consist of a background in credit union or financial services. A combination of education and experience may meet job requirements. Must possess basic computer skills including Microsoft Word, Excel, and Outlook. Experience with basic business writing is required.

Education/Certifications /Licenses

High school diploma or equivalent. Completion of BSACS required within one year and CUCE required within two years.

Interpersonal Skills

This position requires an aptitude for working with staff, management, and vendors in a highly professional and courteous manner. It requires a high degree of organizational skills and proficiency in the operation of personal computers, with attention to detail and accuracy. This position requires a self-motivated, self-confident professional who possesses a high level of energy and initiative, in addition to strong communication skills.

Other Skills

Basic skills in Windows-based software programs including Word and Excel. This job also requires a high degree of skill in written and verbal communication combined with a great deal of attention to detail.

Language Skills

Ability to read and comprehend simple instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to members, potential members, and other employees of the organization.

Mathematical Skills

Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percentage.

REASONING ABILITY

Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

Other Skills And Abilities

Ability to operate, among other things, a multi-line telephone system with voice mail capability, fax machine, calculator, personal computer, and copy machine.

ADA Requirements

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position as required by applicable law.

While performing the duties of this job, the employee is regularly required to use hands to finger, handle or feel, among other things, objects, tools, PC keyboard or controls; reach with hands and arms; and talk or hear. The employee frequently is required to stand, walk, and sit. The employee is occasionally required to stoop, kneel, and or crouch.

The employee will need to lift box[es] of receipt paper and other supplies that may weigh in excess of 25 pounds. Specific vision abilities required by this job include close vision, color vision, peripheral vision, depth perception and the ability to adjust focus.

Working Conditions

Work is performed largely in a pleasant office environment with minimal chance for personal injury and moderate noise level. There may be occasions when the work environment is stressful. Work hours will normally be from Monday through Friday and may change depending upon our needs.

Mental And/or Emotional Requirements

The mental characteristics necessary to competently perform this job include, but are not limited to, the need to use instructing and negotiating abilities, and imagination; to frequently use basic and complex numeric calculations, memory, and reading and writing ability; to continuously be alert, precise, resourceful, use problem solving; concentration, creativity, and good judgment for any specific duration.

ADA

Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

At Will

The above statement reflects the general details considered necessary to describe the principal function of the job identified and shall not be construed as a detailed description of all the work requirements that may be inherent in this job. Nothing in this document restricts management’s right to assign duties and responsibilities to this job at any time. This document should not in any way be considered an employment contract, or take away from, alter or modify your “At will” employment status.

EEO

ValleyStar 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.