BSA Risk Compliance Analyst Under general supervision of the President/CEO and in compliance with established policies, procedures, state laws, federal laws and regulations, the BSA Risk Compliance Analyst is responsible for a broad variety of assigned duties which include maintaining and assisting with the execution of the BSA and OFAC Compliance Programs while supporting operations of the credit union. The BSA Risk Compliance Analyst will be required to safeguard member information and vital records in a manner commensurate with sensitivity of the information and in compliance with laws, regulations and information security policies. The BSA Risk Compliance Analyst will implement the credit union's BSA/AML policies, procedures and processes. Additionally, the BSA Risk Analyst will support the Collections Department by monitoring negative accounts and loans ensuring proper account resolution.
Duties and Responsibilities:
Observes internal controls, confidentiality and security of all Credit Union, member and employee information, and adheres to the highest level of business ethics and discretion. Responsible for maintaining the day-to-day BSA/AML compliance to include processing CTR's, SAR's FINCEN, OFAC Hits and FRAML, RED Flag and High-Risk alerts, Verafin and OFAC reporting, International Transactions (IAT) alerts, MIL (Monetary Instrument Log) High Risk Accounts, FinCen 314a, Wire activity log, staff BSA required training, BSA Board of Directors Report. Identify, track, and investigate suspicious activity through the review of systems reports and BSA/AML monitoring software alerts. Assist in preparation for all internal and external examinations of BSA/AML, USA PATRIOT Act, OFAC, Red Flag and related issues. Assist in preparation of reports and correspondence as needed to the regulatory agencies and the Board of Directors. Participate in response to exam and audit concerns, findings and assist with the corrective action of all related compliance deficiencies or violations. Review accounts for potential illicit activity based on scope of normal account activity to triage alerts before moving the case to a specific queue in the AI system. Assist other team members as needed (CIP, Foreign transactions and Wire Review).Conduct phone interviews and obtain information related to account activity as needed from both team members and credit union members. Conduct risk-based analysis/review of member files with BSA/AML risk attributes, such as presence of politically exposed persons, exposure to sensitive or sanctioned jurisdictions, usage of higher risk products, etc. Contributes to all functional areas with respect to suspicious activity investigations and provides input on the final decisions on Suspicious Activity Report (SAR) decisions. Contributes to the process for daily monitoring of BSA software alerts, potential OFAC matches, and fraud alerts. Makes the final determination on whether possible OFAC matches are a true match Maintains a working knowledge of all credit union products and services, organizational policies and procedures, and state and federal regulations related to credit union operations. Responsible for maintaining knowledge and understanding current trends, laws, issues and best practices affecting area of expertise. Act as liaison/contact for Federal and State examinations and internal and external independent reviews or audits pertaining to retail branch operations to include the BSA/AML/OFAC compliance programs. Observes internal controls, confidentiality and security of all Credit Union, member and employee information, and adheres to the highest level of business ethics and discretion. Additional duties assigned by the President/CEO or Vice President of Operations & Lending. Additional DutiesMember Solutions/Collections Perform daily monitoring and collection of negative accounts and loans Contact delinquent members by telephone or mail to reconcile accounts Update and log activity on accounts through delinquent loan recovery system File bankruptcy claims and follow-up with attorneys on legal action Track deferment, restructure, and modifications on member accounts. All other duties assigned by SVPEducation and Qualifications Experienced risk/control/compliance professional with at least 5+ years compliance experience. Bank Secrecy Act knowledge. Must have current working knowledge of credit union or banking industry's servicing regulations and guidelines. Sound knowledge and understanding of BSA/AML, Office of Foreign Assets Control (OFAC) and USA PATRIOT Act regulations. Excellent interpersonal, verbal and written communication skills. Problem and conflict resolution skills. Excellent attention to detail, organizational, prioritization and time management skills. Proficiency in Microsoft applications (Word, Excel, Outlook), web browsing, CRT, 10-key calculator, and general office equipment. Ability to meet deadlines while accurately and efficiently managing multiple priorities/tasks simultaneously in a fast-paced environment. Must be able to work under pressure of time deadlines. Ability to work independently with a high level of initiative. Experience with Verafin is a plus. High School Diploma. Bachelor's Degree preferred This position is not remote or hybrid
