BSA/AML Analyst

Job Details

Description

Live your best (work) life at TruWest Credit Union!

At TruWest, we offer steady work schedules that make it easy for you to achieve work/life harmony. We offer first day medical, dental, vision, life insurance, and we’ll even help you save for retirement by matching your 401(k) contributions! At TruWest, you’ll learn plenty about finances, loans, credit, and future planning. We also offer a generous paid time off plan and observe all Federal Holidays, so you get 11 additional days per year to focus on YOUR interests.

Check out our video that highlights all the amazing things we do here:

https://vimeo.com/721196286/593a894041

Pay range from $29.48/hr. - $32.75/hr., depending upon experience.

If you're looking for a place to call home, you’ve found it. What are you waiting for? Apply now!

Summary Of Responsibilities

This position is responsible for analyzing the organization’s BSA/AML instances through a review of financial data including transactions, transfers, and payments. This position will be responsible for identifying, investigating, and mitigating potential money laundering, trafficking and structuring activities. Must be professional and maintain excellent written and oral communication skills.

Education

Bachelor’s degree is preferred. Demonstrated successful experience can be substituted in lieu of degree. Bank Secrecy Act and Anti-Money Laundering Specialist Certification preferred.

Experience

Three to five years of experience in a financial institution, experience in BSA/AML investigations required. Intermediate knowledge of BSA, AML, OFAC regulatory requirements preferred.

Knowledge And Skills

The BSA/AML Analyst should have advanced knowledge of Credit Union products and services, applicable laws, regulations, financial services, and regulatory trends. Knowledge of Fraud Detection and Anti-Money Laundering Software and Fiserv core processing system or comparable system. Individuals should contain a strong attention to detail and exhibit investigative and research-intensive skills. Strong oral and written communication skills including intermediate to advanced knowledge of Microsoft Office Suite of products. Ability to cultivate effective relationships to facilitate collaborative problem solving. Ability to manage multiple deadlines and tasks while remaining timely with obligations is imperative. Individuals must be able to handle large volume of work, adapt well to changing priorities and effectively prioritize workflow to meet critical deadlines. Ability to make sound decisions in a timely manner using good judgment as well as knowing when to act independently or seek out leader.

Essential Duties And Responsibilities

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

• Assists in the oversight of a proactive BSA/AML Risk Management Program using data extraction, data analytics and management reporting.
• Perform reviews to identify trends, unusual activity, and monitor account activity in a time-sensitive and investigative manner regarding actual and suspected BSA/AML activities.
• Reviews activity referred for investigation to determine if Suspicious Activity Report (SAR) is warranted. Research and draft Suspicious Activity Reports for filing with FinCEN in a timely manner and according to regulatory timelines. Reviews for trends and fully documents all investigative findings.
• Provide research and evaluation of anti-money laundering (AML) cases and accurately and sufficiently documents analysis and findings in the Credit Union's case management system.
• Responsible for the review and submission of Currency Transaction Reports within required timeframes.
• Monitor compliance with CDD requirements. Perform enhanced member due diligence as determined by defined trigger activity and fully document all investigative findings and secure additional member documentation as may be periodically required.
• Coordinate with Member Services, Loan Servicing, Information Technology and other departments to facilitate the completion of investigations.
• Ensure confidentiality of all information collected during investigation.
• Work to train, update, and implement prevention programs related to BSA/AML related compliance.
• Maintain current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations.
• Maintain current knowledge of all federal and state laws and regulations, along with the Credit Union’s policies and procedures.
• Maintain a solid understanding of all systems utilized to monitor suspicious activity, as well as all aspects of BSA and AML.
• Identify process improvements, system enhancements, and make recommendations towards the overall quality of processes, workflows, and related reporting.
• Prepare summary reports of all BSA, AML, and OFAC filings and monitoring for management on a periodic basis.
  
  

Secondary Duties And Responsibilities

• Provide expertise with individualized consulting and/or written communication in Fraud Preventions/Risk Management in order to build awareness.
• Prepare monthly reporting for BSA/AML related items.
• Review Office of Foreign Asset Control (OFAC) matches, per policy, and document any OFAC exceptions.
• Assist with writing, documenting, and implementing BSA/AML processes and procedures.
• Draft, maintain, and update BSA/AML policy, procedures, and work instructions.
• Draft and maintain correspondence, including but not limited to Risk Management communication with members and Financial Institutions.
• Stays informed on trends, best practices, and other issues that impact the department. Makes recommendations when appropriate and participates when requested.
• Keep abreast of any resources that may be used (i.e. vendor software) that may aide in preventing future BSA/AML activity.
• Keep up to date on potential security alerts and scams using resources from government or qualified internet sites, law enforcement, and communicate to applicable management/staff.
• Follow credit union policies for compliance with all laws and regulations, specifically, but not limited to, the Bank Secrecy Act, Security Policies and Confidentiality Policies.
• Participate in miscellaneous projects as requested by management.
  
  

Physical Demands

While performing the duties of this job, the employee is regularly required to sit, stand, walk, bend and regularly lift objects of up to 15 lbs.; use hands to handle or feel objects, tools, or controls; reach with hands and arms above shoulder height and below the waist; and talk and hear. Specific vision abilities required by this job include close vision, distance vision, color vision, the ability to adjust focus; and the ability to utilize computers and focus on computer monitors for extended periods of time.

Disclosure

This job description is designed to indicate the general and some specific job duties associated with this role. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and qualifications required of the employee assigned to this job.

This job description does not constitute an Employment Agreement. This job description does not restrict TruWest Credit Union from the ability to assign, re-assign or eliminate duties and responsibilities of this job at any time. This job description describes the current assignment of essential functions. These functions may change at any time as the needs of the credit union or department change or for other reasons deemed appropriate.

This job description outlines the general and specific duties associated with the role but is not a comprehensive list of all responsibilities or qualifications. It does not constitute an Employment Agreement and does not limit the employer’s right to modify or reassign duties as needed. The description reflects current responsibilities, which may change based on company needs or other factors.