Job Description

Job Description

Job Description

PRIMARY PURPOSE: The BSA/AML Analyst is a member of the Compliance Team and will be responsible to ensure compliance with Federal Bank Secrecy and Anti-Money Laundering laws.

ESSENTIAL FUNCTIONS:

• Compiling and utilizing third party BSA/AML software, internal employee reports and internal system reports to identify suspicious activity and money laundering.
• Investigating alerts and reports utilizing multiple ancillary systems.
• Analyzing complex scenarios and utilizing advanced knowledge of signs and indicators of money laundering and other reportable behavior.
• Utilizing independent judgement based on experience to determine disposition of alerts and reports.
• Monitoring accounts with possible reportable behavior or ongoing activity and communicating directly with employees and members to gather additional information.
• Developing streamlined and clear processes and training for front line employees.
• Detecting and filing Currency Transaction Reports - ensuring they are completed according to regulatory requirements for accuracy and timing.
• Identifying and preparing Suspicious Activity reports - ensuring they are completed according to regulatory requirements for accuracy and timing.
• Performing reviews to ensure compliance with federal list monitoring requirements.
• Maintaining a current knowledge of BSA/AML laws and regulations.
• Participating in continuous ongoing subject matter training and achieving and holding an advance BSA/AML certification.

QUALIFICATIONS:

• A minimum of 5-7 years’ experience working in a financial institution required.
• College degree preferred.
• BSA/AML advanced certification required (CAMS preferred) or must be attainted within 6 months of employment.
• Must have an overall knowledge of Bank Secrecy Act and Anti-Money Laundering compliance.
• Must be familiar with Federal and State Laws and regulations applicable to credit unions/financial institutions.
• Ability to communicate effectively, both verbally and in writing.
• Ability to clearly and concisely write a situational narrative.
• Ability to multi-task.
• Organizational and analytical skills.
• PC computer skills including proficiency with Word and Excel required.
• Bondable.

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

Pay Range: $67k-$81k plus 10% annual target bonus. The estimated hiring range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons.

BENEFITS:

• Generous 401(k) match
• 401k Discretionary Profit Sharing
• Health Insurance
• Dental Insurance
• Vision Insurance
• Life Insurance
• Short Term and Long Term Disability
• Health Savings Account with company contribution
• Employee Assistance Program
• Paid Vacation, Sick, Floating Holidays and Volunteer Time Off
• Paid Holidays
• Tuition Reimbursement
• Paid Parental Leave

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