Bank Secrecy Act Analyst - Compliance Department

Dade County Federal Credit Union•Doral, FL

4d•Onsite

About The Position

The Bank Secrecy Act Analyst administers all aspects of the Credit Union’s Bank Secrecy Act Compliance Program and performs quality-control reviews and monitoring related to BSA, USA PATRIOT Act, anti-money laundering, OFAC, Fair Credit Reporting, and Customer Identification Program compliance. The analyst uses industry-standard and regulatory-guidance sampling methods to support daily compliance, identifies emerging issues, and advises the Compliance Director and Credit Union personnel on controls to mitigate risk. The position also provides leadership and operational support within the Compliance Department and ensures compliance with Credit Union policies and applicable state and federal banking regulations. The role monitors reports, logs, and transaction data for unusual activity; prepares and documents Suspicious Activity Reports; supports death notifications and the handling of deceased members’ assets; and advises personnel on legal documents. The analyst maintains and responds to OFAC and FinCEN inquiries, supports audits and regulatory examinations, monitors CIP and currency-reporting processes, researches credit-report disputes, and reviews wire transfers for fraud and regulatory compliance. The position also supports compliance training, responds to inquiries, assists across the department, and prepares special-project reports for the Director of Compliance.

Requirements

Bachelor’s degree, or two years of related experience and/or training, or an equivalent combination of education and experience.
In-depth work background in Bank Secrecy Act compliance and supervisory skills.
Advanced experience, knowledge, and training in progressively responsible credit union administration.
Intermediate experience, knowledge, and training in operational and lending activities and terminology.
Advanced knowledge of applicable state and NCUA regulations, Credit Union operational policies and procedures, and Credit Union products and services.
Ability to read, analyze, and interpret legal and regulatory texts, business periodicals, professional journals, and technical procedures.
Strong organization and time-management skills, including the ability to provide leadership and training to employees using positive supervisory techniques and to delegate effectively.
Advanced computer skills, including computer terminals, personal computers, mainframe systems, word processing, spreadsheets, and specialty software.
Intermediate typing skills sufficient to meet production needs.
Exceptional verbal, written, and interpersonal communication skills, including the ability to write reports, correspondence, and procedures and communicate clearly with members and employees.
Ability to apply common sense to carry out instructions and instruct others, and to address complex problems involving multiple facets and variables in non-standardized situations.
Ability to work without supervision while performing duties.
Written and oral communication skills, including email, in-person, and telephone communication.
Commitment to compliance with Credit Union policies and applicable state and federal banking regulations.

Responsibilities

Administer the Bank Secrecy Act Compliance Program and participate in the Credit Union’s Compliance Committee.
Review and monitor reports, logs, and transaction data for unusual or suspicious activity, including potential money laundering, fraud, elder abuse, kiting, structuring, and other risk indicators.
Draft Suspicious Activity Reports (SARs) with complete narratives and supporting documentation.
Review BSA, AML, OFAC, and CIP policies and procedures and recommend changes where appropriate; submit periodic BSA issue reports to the AVP of Compliance.
Assist independent auditors and state and federal regulators with inquiries; prepare for audits and examinations, coordinate responses, and ensure identified deficiencies are corrected.
Maintain and respond to OFAC-system and FinCEN 314(a) and 314(b) lists and inquiries, including responding to positive hits identified by Verafin.
Support Credit Union personnel on BSA, AML, OFAC, FCRA, and CIP matters and help identify and mitigate potential risks.
Coordinate death notifications and the handling of deceased members’ assets, obtain and retain required documentation, and work with branch, Contact Center, and back-office personnel.
Provide guidance on legal documents such as powers of attorney, probate orders, subpoenas, summons, and trust agreements, and refer matters to legal counsel when appropriate.
Test account-opening reports for CIP compliance and accuracy; track missing information and monitor high-risk members and accounts.
Review currency reports and ensure required Currency Transaction Reports (CTRs) are accurate and filed on time.
Research, document, and resolve automated credit-report disputes, identify systemic issues, and recommend corrections to the Director of Compliance.
Review incoming and outgoing wire transfer requests over $3,000 for fraud, accuracy, and regulatory compliance; approve requests, obtain missing documentation, contact receivers to confirm source and purpose, and retain records.
Assist with BSA, AML, OFAC, and CIP training presentations and exercises, including new-hire orientation materials.
Respond to inquiries or refer them to the appropriate person or department, with appropriate follow-through with members and staff.
Provide support throughout the department, open and close the department, assist with cost controls and expense monitoring, and handle special projects and reports for the Director of Compliance.
Answer telephones, respond to questions, and direct callers to appropriate Credit Union personnel.
Maintain knowledge of applicable regulations, policies, procedures, products, services, and operational requirements.