BSA/AML Quality Assurance Analyst

FourLeaf Federal Credit Union•Town of Oyster Bay, NY

13h•$36 - $43•Remote

About The Position

The BSA/AML Quality Assurance (“QA”) Analyst will be responsible for reviewing the work product for several AML functions, including evaluations of case investigations, alert dispositions, cannabis-related cases, high-risk customer (HRC) cases, KYC and EDD reviews, other department reviews, and daily tasks to ensure consistency and accuracy in accordance with regulatory requirements and FourLeaf Federal Credit Union (“FourLeaf”) policies and procedures. The QA Analyst will be responsible for providing training, feedback, and coaching to Alert Specialists and Case Analysts, helping to improve their performance and understanding of AML functions. A thorough understanding of the functions they are responsible for QA’ing is essential, as the BSA/AML QA Analyst will identify and report trends to management, assist in the remediation of compliance and procedure related issues, and proactively monitor and mitigate risks associated with FourLeaf’s BSA/AML Programs. This opportunity is open to flexible work options including a remote set up.

Requirements

4+ years conducting quality control in the areas of BSA/AML reviews required.
Knowledge of Bank Secrecy Act, Patriot Act and OFAC compliance and various BSA/AML typologies.
At least 1 year of previous SAR writing experience- required.
Strong track record performing QA reviews of alerts, SARs, CTRs.
Experience with AML transaction monitoring, customer due diligence, and enhanced due diligence.
Experience in BSA/AML Quality Assurance, training, and providing constructive feedback.
CAMS or qualified to apply and obtain CAMS certification within 6 months

Nice To Haves

Bachelor’s Degree preferred or equivalent experience.
Computer Skills: Verafin and Fiserv DNA experience (a plus, not required).

Responsibilities

Evaluate various work products for AML functions, including but not limited to alert and case investigations, cannabis-related cases, high-risk customer (HRC) cases, KYC and EDD reviews, currency transaction reports (CTR), suspicious activity reports (SAR), and other regulatory reporting to ensure consistency and accuracy in accordance with regulatory requirements, policy, and procedures.
Work closely with BSA/AML Management to provide feedback and coaching to Alert Specialists and Case Analysts, ensuring corrective actions are completed and identifying areas for improvement. Offer constructive guidance to enhance Analysts' performance, skills, and compliance knowledge in AML investigations, alert dispositions, and other BSA/AML tasks.
Maintain awareness of BSA/AML, OFAC, and Patriot Act policy updates and procedural changes. Identify and report potential risk exposures and ensure any updates or changes to policies or regulations are incorporated into training, procedures, and guidance materials. Participate in the development and implementation of procedures and objectives for the QA function.
Implement and improve QA processes, ensuring alignment with regulatory standards and best practices, while creating and maintaining reporting metrics to assess the effectiveness of the QA program and monitor ongoing compliance.
Develop and deliver internal training materials and sessions for BSA/AML teammates, ensuring they are up to date with regulatory changes, internal processes, and best practices. Assist in training opportunities with credit union employees on BSA/AML issues.
Participate in risk and departmental strategic initiatives, business as usual activities, and ad hoc requests, as assigned by Management.