Bank Secrecy Act (BSA) and Compliance Specialist

Bayer Heritage Federal Credit Union • New Martinsville, WV

29d

About The Position

This role is to assist the BSA Officer with the daily monitoring and reporting necessary to have a comprehensive and effective BSA program.

Requirements

• Two years of experience in a credit union environment.
• High school diploma or equivalent.
• Courtesy, tact, and diplomacy are essential elements of the job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.
• Ability to read, comprehend, and interpret technical documents.
• Office setting.

Nice To Haves

• BSA/compliance experience preferred.

Responsibilities

• Reviews all regulations pertinent to Credit Union operations and make recommendations for procedure and policy changes to assure BHFCU complies with such regulations. Regulations include, but are not limited to: The Privacy Act, The SAFE Act, and FACT Act The Bank Secrecy Act Regulation Z: Truth in Lending Regulation CC: Availability of Funds & Collection of Checks Regulation B: Equal Opportunity Act
• Assist the compliance officer with compliance questions or issues from credit union employees.
• Assist the compliance officer with ongoing reviews of the various compliance areas including risk assessments, Red Flags, Information Security, SAFE Act and BSA.
• Gathers necessary documentation for exams and audits which pertain to areas of compliance and BSA.
• Utilizes Verafin to ensure we maintain a comprehensive BSA program.
• Work alerts associated with BSA.
• Respond to and initiate 314(b) conversations regarding suspicious member activity.
• Review and schedule high risk member reviews (HRC).
• Review reporting exemptions to ensure continued qualifying activity.
• Review resolved cases for potential BSA reporting.
• Upload and work 314(a) lists and alerts.
• Review member transactions for BSA compliance utilizing Verafin.
• Complete CTRs and author SARs for timely submission.
• Research and act upon suspicious incidents received by the branch.
• Gather and submit documentation for subpoenas received.
• Perform other job-related duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED