BSA Analyst II

Teachers Federal Credit Union • Hauppauge, NY

30d • $32 - $38 • Onsite

About The Position

The BSA Analyst II is responsible for supporting key functions of the BSA/AML & OFAC compliance, including BSA/AML transaction monitoring, AML case investigations, AML and OFAC alerts clearing, SAR writing and filing, CTR processing, and other compliance program functions.

Requirements

• Bachelor's degree or a minimum of eight years directly related experience required
• Minimum three years of BSA/AML experience required, with experience reviewing AML & OFAC alerts, investigating cases, and developing recommendations
• Working knowledge of the Bank Secrecy Act, the USA Patriot Act, Office of Foreign Asset required
• Financial crimes certifications or able to complete certification within first year of employment (e.g., ACAMS, CAFP, ACSS, etc.)
• Excel, Word, PowerPoint and project-related tools (SmartSheet)
• Strong analytical and critical thinking skills
• Ability to multi-task and work in a fast-paced, ever-changing environment
• Research skills, including conducting open source/internet research using a variety of sites and methods
• Control regulations, strategies and federal regulatory enforcement policies

Nice To Haves

• Verafin preferred
• Core customer information system experience (Fiserv/DNA) preferred
• WirExchange experience preferred

Responsibilities

• Conducts complex case and Continuing Activity Reviews, completing Suspicious Activity Reports and presenting at SAR Committee for discussion.
• Compiles information and statistics for report use
• Supports the process to prepare, review and submit Currency Transaction Reports (CTRs) within required timeframes, including performing secondary reviews to ensure completeness, accuracy and timely submission.
• Escalates potentially unusual or suspicious activity, or potential OFAC/sanctions issues
• Provides subject matter expertise and guidance to business and operations teams on BSA/AML and OFAC policies and procedures
• Monitors accounts and researches complex transactions for indicators of unusual or suspicious activity
• Leverages understanding of suspicious activity scenarios and automated alert and case management systems to complete alert and case investigation
• Participates in SAR Committee discussions and prepares SAR narratives for filing
• Supports quality assurance activities, including remediating identified gaps, developing training and guidance, and other actions as needed to improve quality of alert and case products.
• Researches, resolves and conducts AML investigations on alerts
• Reviews OFAC alerts and cases, applying understanding of sanctions regulations and reporting requirements, and escalating for action
• Supports compliance with 314(a) and 314(b) (PATRIOT Act) information sharing responsibilities and responds to subpoena and law enforcement inquiries
• Supports reviews of customer accounts to comply with CDD/EDD program requirements
• Identifies and reports on changing trends in anti-money laundering, staying informed on industry best practices, emerging risks, and changes to applicable BSA/AML and banking regulations.
• Performs other duties as assigned

Benefits

• Paid time off for vacation, personal days, and holidays
• Fully-funded pension plan
• 401(k) company contribution
• Teachers pays 100% of Dental & Vision premium
• Tuition reimbursement is offered to full-time employees
• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Number of Employees: 501-1,000 employees