Bank Secrecy Act Representative
About The Position
The Bank Secrecy Act Representative performs daily functions related to BSA compliance. The role reviews, monitors, analyzes, and implements Bank Secrecy Act (BSA), Anti-Money Laundering Act (AML), US Patriot Act, and Office of Foreign Assets Control (OFAC) policies and procedures to ensure compliance with federal and state laws and regulations. The representative promotes, maintains, and documents BSA/AML/US Patriot Act compliance activity and assists with selecting, creating, and overseeing the annual corporate training program. The position provides the highest quality experience for internal and external members. The schedule is Monday through Friday, 8:00 a.m. to 4:30 p.m.
Requirements
- High school diploma or equivalent.
- 0–2 years of experience investigating, monitoring, and reporting suspected financial crimes.
- Acquire and maintain a thorough understanding of federal and state regulations governing the Bank Secrecy Act, with awareness of red flags of suspicious activity and Elder Financial Exploitation.
- Proficiency in Excel, Outlook, and Word.
- Acquire and maintain proficient operation and knowledge of CEFCU core applications and the listed third-party systems: Patriot Officer, BSA eFile, FinCEN, Teller Encore System, OnBase, VSoft, and C-Lo.
- Excellent verbal and written communication skills.
- Time management and organizational skills.
- Obtain BSA Certification within 18 months of accepting the position.
Nice To Haves
- Associate degree in Business or a related area.
- Business Law and Business Communication courses.
- Experience or coursework in comprehending legal language.
- Experience or coursework in Bank Secrecy Act comprehension.
- Proven judgment and decision-making ability.
- Strong attention to detail and quality.
- Effective interpersonal skills.
- Ability and willingness to actively participate in achieving office and department objectives.
Responsibilities
- Perform daily functions pertaining to BSA compliance.
- Review, monitor, analyze, and implement BSA/AML, US Patriot Act, and OFAC policies and procedures to ensure compliance with federal and state laws and regulations.
- Promote, maintain, and document BSA/AML/US Patriot Act compliance activity.
- Assist in selecting, creating, and overseeing the annual corporate training program.
- Provide the highest quality member experience to internal and external members.
Benefits
- Merit-based raises.
- Generous paid time off, including holiday, personal or sick time, and vacation.
- Medical, dental, and vision coverage, including PPO and HDHP options.
- Flexible Spending Plan for medical reimbursement and dependent care.
- Health Savings Account.
- Voluntary benefits, including accident, critical illness, hospital indemnity, identity theft and fraud protection, and legal plans.
- Life insurance.
- Accidental Death & Dismemberment insurance.
- Disability benefits.
- Defined Benefit Plan – Pension.
- Defined Contribution Plan – 401K.
- Employee Assistance Program.
- Tuition reimbursement.
- Career growth through internal job postings.
- Management Development Program with formal mentoring and training.
- Opportunities to contribute to process teams, corporate financial literacy, and community initiatives.
- Casual days to support local charities.
- Employee discounts on entertainment, cell phone plans, theme park tickets, and more.
- On-site fitness center, fitness classes, and wellness program.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
