Specialist BSA Officer - Temporary

Pay Range: $29.79 - $44.68 Scheduled Weekly Hours:40

What You'll Be Doing: Responsible for reviewing and researching Member transactions to identify and report suspicious activity to ensure the Credit Union's compliance with the aspects of the Bank Secrecy Act, USA Patriot Act and Office of Foreign Assets Control (OFAC). Performs daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large day to day account activity and determine if transactions are suspicious in nature. Participates in efforts to collect and analyze metrics utilizing existing internal reporting tools to continually improve processes and reports owned by the business unit. Reviews and files timely Currency Transaction Reports based on aggregated cash transactions including ATM and multiple branch deposits and/or withdrawals. Utilizes BSA/AML automated system and various reports to identify suspicious activity and perform moderately complex investigations to identify Bank Secrecy Act issues such as money laundering, terrorist financing, internal / external fraud schemes, structuring, and illegal money service business activity.* Demonstrates proficiency in investigative practices associated with an experienced investigator (conduct interviews, collect data, compile documentation and evidence, maintain accurate notes, develop initial and ongoing reports of investigations, prepare comprehensive, accurate and timely Suspicious Activity Reports).* Reviews and investigates OFAC alerts for a determination of actual OFAC match or false match, and responds to OFAC related questions from branches and various departments.* Conducts enhanced due diligence searches on high-risk accounts and entities.* Maintains the Credit Union's centralized list of customers exempt from large currency transaction reporting requirements.* Researches current laws and regulations through government and other journals, publications and manuals. Reads, researches, interprets and generally stays abreast of the requirements of the Bank Secrecy Act.* Assists in preparing documentation for and coordination of audits and examinations by regulatory agencies.* Assists teammembers with specific BSA and OFAC related questions. Additional Job Functions* Performs other duties as assigned* Complies with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. Failure to do so may result in disciplinary and other employment related actions.