Bank Secrecy Act Investigator I

State Employees' Credit Union•Raleigh, NC

1d•Hybrid

About The Position

If you are motivated and believe in the credit union philosophy of "People Helping People," join our team! PURPOSE: To facilitate the day-to-day function of the BSA/AML Compliance Department and ensure that SECU and the institutions we service are current with regard to all Bank Secrecy Act requirements.

Requirements

Two to three years working in BSA/AML or comparable experience.
Strong computer skills required (Microsoft Office, MARGO Teller/Platform, etc.).
Ability to quickly learn BSA business user software.
Analytical research skills are imperative.
Attend credit union trade association conferences and obtain certifications as warranted.
Attend training as needed to comply with continuing education requirements.
Work towards obtaining CAMS certification.
Ability to function independently and with little direct supervision.
Must have good organizational skills and attention to detail.
Highest level of integrity and objectivity to preserve independence.
Strictest level of confidentiality must be adhered to.
Must have professional phone etiquette, as well as excellent communication skills, both written and verbal.
Ability to prioritize multiple tasks and remain flexible to changing department demands.
Dedication to SECU philosophy and work ethic.
Must be able to speak English fluently.
Must be able to cooperate and collaborate with co-workers.
Must be cordial in all interactions with members and co-workers.

Responsibilities

Carry out requirements of the Bank Secrecy Act on behalf of SECU in a timely manner, which may include, but is not limited to, filing of Currency Transaction Reports (CTRs), filing of Suspicious Activity Reports (SARs), and review of Monetary Instruments Logs (MIL).
Triage suspicious activity monitoring (SAM) alerts generated by the Financial Crime Risk Manager (FCRM) system and escalate to second level review and investigations as needed.
Conduct targeted account reviews on high-risk members to better understand expected transaction activity and risk posed to the Credit Union.
Review and process suspicious activity incidents referred to the BSA department by front-line staff and other business units. These referrals may lead to cases requiring in-depth investigation and/or SAR filing.
Conduct thorough analysis of suspicious activity cases using research tools such as Margo, Onbase, Image, 3270, CLEAR as well as the internet.
Process 314(a) files as directed by FinCEN and research all potential matches. Additionally, report any positive matches in a timely manner to FinCEN. Investigate all positive matches for potential suspicious activity.
Maintain a basic understanding of the law applicable to money laundering, including the BSA, the USA PATRIOT Act, US Treasury as well as other related regulations.
Attend networking events and cultivate relationships with local law enforcement and other financial institutions.
Prepare materials and train newly hired employees to the BSA team.
Research, track, and respond to information sharing requests from law enforcement and other financial institutions as provided for in the USA PATRIOT Act.
Assist in reviewing and updating SECU's policies and procedures based on regulatory changes and examinations by regulatory agencies.
Assist affiliated credit unions with their BSA processing as needed.
Assist in preparing for regulatory examinations.
Answer incoming calls.
Perform other duties as assigned.