Job Summary:
Assists the BSA team by leading the Credit Union’s efforts as they relate to compliance with laws and regulations involving the Bank Secrecy Act, USA Patriot Act, Office of Foreign Assets Control, and other related regulations involving anti-money laundering and suspicious activity on members’ accounts.
Essential Functions:
- Triage BSA/AML automated system alerts.
- Review Additional reports or manual referral for alert creation and triage
- Processes Currency Transaction Reports for timely review and filing to meet regulatory deadlines.
- Reviews wire activity to ensure compliance with laws and regulations covering those areas, including OFAC and other government watch lists, and escalates to management as required.
- Responds to escalated branch and department inquiries about BSA compliance, utilizing appropriate resources for accurate research.
- Performs monthly subpoena reviews to identify potential suspicious activity and ensure appropriate follow up.
- Creates, assigns, and oversees cases in Verafin for investigation forms received.
- Collaborates with the team on BSA/AML/OFAC monitoring and testing program development and implementation.
- Stays current on industry standards, trends, and proposed and actual changes relating to relevant compliance topics.
- Participates in bi-weekly 314a searches.
- Contributes to the development and updating of BSA/AML related training materials.
- Supports Credit Union audit and examination processes, particularly in the preparation of supporting documentation and responses.
- Supports the BSA team in the continued development and implementation of BSA program and ensures adherence to regulatory agency directives, memoranda, interpretive rulings, laws and regulations affecting the Credit Union.
- Performs other tasks as assigned by the BSA Officer or SVP/Chief Risk Officer.
Knowledge, Skills and Abilities:
- Knowledge of BSA/AML/OFAC, and related laws and regulations affecting the Credit Union.
- Demonstrated knowledge and experience with DNA or similar core operating system and desktop software tools such as Excel and Word.
- Demonstrated excellent verbal and written communication skills, and ability to maintain confidentiality.
- Demonstrated strong organizational skills, with ability to prioritize and coordinate a variety of assignments simultaneously.
- Ability to work independently and function under limited supervision, while exercising good judgment, speed and accuracy.
- Experience working with BSA/AML software, particularly Verafin is preferred.
- Ability to problem solve while considering multiple perspectives.
- Ability to work effectively with various teams, exhibiting strong interpersonal skills.
Qualifications:
- Minimum 2-3 years of financial services industry experience.
- Minimum of 1 year BSA experience required.
- Experience using personal computers to perform responsibilities and generate accurate and meaningful information and reports.
- High school diploma or GED.
At OnPoint, we believe a workplace that reflects the richness of the world fosters a welcoming and empowering environment for everyone. We're committed to equity and inclusion, and consider all qualified applicants embracing every race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and your unique background.
We encourage you to apply if you're passionate about this opportunity and have the core qualifications. Your unique experiences and skills are what make you a strong candidate. Don’t let imposter syndrome hold you back! Our recruitment process is designed to be inclusive and accessible to all. If you need any accommodation(s) during the application or interview stage, please let us know. We're dedicated to providing what's necessary to ensure a fair and inclusive experience.
JobFamily
Risk
JobFunction
Risk
PayType
Salary