BSA/AML Compliance Analyst (San Diego)

California Credit Union • San Diego, CA

413d • $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 the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations. This position involves investigating alerts, preparing reports, monitoring high-risk accounts, and ensuring compliance with federal and state regulations. The analyst will support the BSA Compliance Officer in various tasks, including audits, training, and reporting, while maintaining effective transaction monitoring and account oversight.

Requirements

• Bachelor's degree from an accredited university required.
• 1 to 2 years of related experience 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, and OFAC.
• Strong analytical and communication skills.

Nice To Haves

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

Responsibilities

• Investigate alerts from BSA/AML software and escalate for Suspicious Activity Reports (SARs) filing as necessary.
• Prepare and execute all Currency Transaction Reports (CTRs) for filing.
• Review and analyze accounts to identify possible 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, ensuring compliance with regulations.
• Support the BSA Compliance Officer with the development and administration of the BSA Program.
• Assist with internal and external audits, BSA report filing, and risk reviews.
• Ensure effective transaction monitoring to identify suspicious transactions for reporting.
• 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, documenting alert disposition.
• Create and manage cases within BSA/AML software for accurate record keeping.
• Review system-generated alerts 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.
• Assist with monthly required board reporting and support BSA department staff.

Benefits

• Full-time position with competitive hourly wage.
• 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