BSA Analyst

The primary purpose of the BSA Analyst position includes conducting high-risk member reviews utilizing the resources of the financial institution (system software, reports, databases, and system applications), analyzing and monitoring high-risk accounts and corporate structures for irregular transactions. Responsible for research preparation, investigations, and EDD reviews that are performed on all high-risk members.This position performs various quality control reviews and monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program compliance using industry standard and regulatory guidance to ensure the financial institution's compliance efforts are maintained on a prioritized schedule.

Responsibilities Include:

• Regularly run OFAC and 314a checks, researching any and all matches; research any unusual activity identified through or at the branch level; this includes completing 314(b) collaborations and OFAC alerts and daily audits.
• Responsible for reviewing BSA Verafin alerts, CDD/EDD Verafin alerts, and the management of related cases; as well as, assists with Verafin BSA/CDD/EDD threshold testing.
• Assists during all BSA/AML compliance reviews by gathering files, records, and other pertinent information for review by compliance examiners. Organize, analyze, and present data related to the Bank Secrecy Act, the USA PATRIOT Act, and the rules of OFAC, inducing CTR processing and SAR decisioning.
• Utilizes internal and external resources to investigate and analyze potential fraud and money laundering. Conducts suspicious activities investigations.

• Regularly monitor SAR activity, to include reviewing Suspicious Activity Referrals by staff members. Collaborates on all SAR decisions for reporting to FinCEN and the Board of Directors.
• Assists in creating companywide compliance training programs.
• Reviews CTRs for compliance; file on a timely basis; address shortfalls in documentation provided by branch and operations staff; and provide training to correct those shortfalls as needed.
• Assist with gathering, processing, and coordinating the BSA, AML, and OFAC data to help ensure compliance with the BSA.
• Participates in the development, maintenance, and updating of all BSA/AML/OFAC policies, procedures and compliance as they relate to the BSA program.
• Must comply with all company policies and procedures, applicable laws, and regulations, including by not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Qualifications:

Education: Bachelor's Degree from an accredited college or university in criminal justice or related field, and/or equivalent work experience. CAMS Certification preferred.

Experience: 1 - 3 years financial institution experience.

Knowledge: General knowledge of fraud investigation, risk management, and risk assessment is required. Knowledge of general office duties to include typing, answering phones, filing, customer service. Knowledge and understanding of the Bank Secrecy Act. Knowledge of the Credit Union's Customer Identification Program (CIP). Prior knowledge in accounting and fielding questions is preferred. Strong knowledge of local, state, and Federal laws is preferred. Overall knowledge of the court system is preferred.

Skills/Abilities: Computer proficient, especially with Microsoft Word and Excel. Ability to operate a calculator, fax machine, and other job-related office equipment. Strong member service, writing, and organizational skills. Attention to detail and the ability to work independently. Ability to maintain current knowledge of the credit union's changes, processes, and procedures.

Ability to adhere to BayPort Credit Union's Core Values: Integrity, Be Bold, Communication, Diversity, Innovation, It's On Me, and One Team.

This job description is not an all-inclusive list of the responsibilities, skills, working conditions or essential functions of this job. Management reserves the right to modify, add or remove essential functions as business needs warrant.

We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and reserve the right to perform pre-employment substance abuse testing.

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