Assistant BSA Analyst

Credit Union of Colorado•Denver, CO

1d•$56,900 - $68,300•Hybrid

About The Position

Under the supervision of the Compliance Supervisor and BSA Officer, this role assists with the credit union’s overall compliance with applicable rules, regulations, and statutory requirements regarding the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC). The position involves preparing documentation for submitting reports and ensuring timely submission of documentation and paperwork to the appropriate agencies. This is accomplished through the implementation of a risk assessment program and the performance of essential duties and responsibilities.

Requirements

Bachelor’s degree (B.A.) from a four-year college or university plus one year of experience in a financial institution; or equivalent combination of education and experience.
Broad knowledge of, and practical experience with, credit union or other financial institution operating areas, functions, products and services and the laws and regulations which apply to credit unions.
Excellent analytical ability, and the ability to conduct thorough research, interpret and understand laws and regulations, and disseminate information, provide workable recommendations, and solutions to problems.
Ability to organize and prioritize your own work, balance competing demands and deadlines, and function without close supervision.
Strong verbal, written and public speaking skills and interpersonal skills.
Ability to apply verbal and interpersonal skills that develop member confidence, respect and trust in Credit Union of Colorado and develop cooperative relationships with all levels of people throughout the organization.
Ability to effectively use MS-Office products and AML software.

Nice To Haves

Ability to build confidence and teamwork through mutual support.

Responsibilities

Review, monitor, and record required documentation regarding currency transaction reports (CTRs), anti-money laundering alerts, and monetary instrument logs to identify potential unlawful activities. Reports to applicable government agencies as required.
Under the supervision of BSA Officer complete Suspicious Activity Reports (SARs) by researching and working internal system alerts and reports.
Perform audits of reports to ensure accuracy and consistency in filings.
Participate in 314(b) inquiries and requests as needed.
Assist in providing BSA & OFAC training to appropriate credit union personnel.
Review, research, analyze, manage, and respond as needed to: credit reporting and watchlist alerts including OFAC and 314(a).
Support BSA Officer with examiners and external auditors during compliance related examinations.
Assist in developing a current library of BSA and OFAC compliance resources and provide informational assistance as requested.
Conduct research and account reviews for fraudulent activity by working designated alerts and reports as needed.
Occasionally support Fraud team by responding appropriately to instances of identified forgery and fraud.
Respond to subpoenas and communicate directly with law enforcement.
Assist with compliance related functions included but not limited to the review of trust, POA, fiduciary and other legal documentation to determine risk and make a risk-based decision whether to approve or deny the request.
Provide IRA/HSA program support and answer tax related inquiries for front line staff.
Provide ongoing support for Frontline Staff on risk, compliance, fraud, and security related issues.
Perform other related responsibilities and activities as assigned, commensurate with level of responsibility and qualifications.
Provide excellent service by demonstrating courtesy and personal concern for members and co-workers' needs and follow-up to ensure those needs are met.
Adhere to all Federal and State laws and regulations applicable to the credit union, including the Bank Secrecy Act and OFAC.