BSA/AML Compliance Analyst (San Diego)

North Island Credit Union • San Diego, CA

415d • $60,133 - $76,170

About The Position

The BSA/AML Compliance Analyst plays a crucial role in the Compliance and Vendor Management department, focusing on the day-to-day responsibilities related to BSA/AML compliance. This position involves investigating alerts, preparing reports, monitoring accounts, and ensuring adherence to compliance regulations. The analyst will work closely with the BSA Compliance Officer to support the development and implementation of the BSA Program, conduct audits, and maintain compliance with federal and state regulations.

Requirements

• Bachelor's degree from an accredited university required.
• 1 to 2 years of related experience and/or training in the financial industry desired.
• BSA/AML certification desired.
• Working knowledge of suspicious activity typologies, trends, and patterns.
• Knowledge of compliance regulations governing BSA/AML, Patriot Act, OFAC, and KYC.
• Strong analytical and communication skills.
• Ability to work independently with limited supervision.

Nice To Haves

• Working knowledge of fraud prevention programs, databases, and applications preferred.

Responsibilities

• Investigate alerts from BSA/AML software and clear or escalate for SARs filing.
• Prepare and execute all Currency Transaction Reports (CTRs) for filing.
• Review and analyze accounts to identify suspicious activity and escalate cases as necessary.
• Monitor accounts and prepare detailed investigations for SAR filing.
• Assist with updating and maintaining BSA/AML Compliance Procedures and ensure compliance with regulations.
• Support the BSA Compliance Officer with the BSA Program's development and administration.
• Assist with internal and external audits, BSA report filing, and risk reviews.
• Ensure effective transaction monitoring and account oversight for suspicious transactions.
• Assist with timely and accurate completion of Law Enforcement requests.
• Conduct and manage incoming and outgoing 314(b) information sharing requests.
• Review and investigate OFAC and 314(a) Watch List alerts and document alert disposition.
• Create and manage cases within BSA/AML software for accurate record keeping.
• Review system generated alerts and referrals for potential suspicious activity and document findings.
• Draft written summaries of investigative findings and make recommendations to the BSA Compliance Officer.
• Participate in training related to BSA/AML/OFAC requirements.
• Conduct reviews for enhanced due diligence on high-risk accounts and detail findings comprehensively.
• Assist with monthly required board reporting and support BSA department staff with fraud detection.

Benefits

• Competitive salary range of $28.91 to $36.62 hourly.
• Opportunities for professional development and training.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree