BSA Analyst II

Desert Financial Credit Union•Phoenix, AZ

About The Position

The BSA Analyst II is highly knowledgeable and skilled in all aspects of the credit union's Bank Secrecy Act, Anti-Money Laundering, Customer Identification Program, Office of Foreign Asset Control and other related programs and policies. They work closely with branch and department networks to ensure guidance and overall compliance. They also provide strong support to investigative team members and the Director with daily workflows, risk program mapping and special projects, as needed. The BSA Analyst II monitors department workflows while ensuring that all functions are performed within regulatory requirements; to include Suspicious Activity Reports, Currency Transaction Reports, OFAC, Anti-Money Laundering, Customer Identification Program, Risk Assessments and member Risk Rating. What you will do here: Ensures compliance with complex Suspicious Activity Reports (SAR) creation and filing. Utilizes an Anti-Money Laundering (AML) case management tool and other internal systems (e.g. SAIR submissions, emails) to monitor, research and analyze trends and submit Suspicious Activity Reports (SAR) as required. Ensures Enhanced Due Diligence (EDD) is conducted on members that pose a higher risk. Investigates suspicious occurrences and trends while fully documenting all investigative findings. Assists in completion of Currency Transaction Reports (CTR), OFAC, CIP and 314a reviews when necessary and provides guidance to team as necessary. Assists leadership in performing audit/compliance research Stays abreast of changes to BSA laws, regulations, and industry trends through continuing education. Maintains a solid understanding of all systems utilized to monitor suspicious activity, as well as all aspects of BSA and AML. Identifies process improvements, system enhancements, and makes recommendations to improve the overall quality of processes, workflows, and related reporting. Perform other job-related duties as assigned

Requirements

High School Diploma or GED required.
3+ years experience with Investigations, analytics, risk management, Bank Secrecy Act, Office of Foreign Asset Control, and case management required.
2+ years experience in Financial Services required.
Strong oral and written communication skills with the ability to cultivate effective relationships to facilitate collaborative problem solving required.
Detail oriented and good organizational skills (e.g. displays the ability to manage time and achieve deadlines, think strategically, problem solve) required.
Ability to make sound decisions in a timely manner using good judgement, knowing when to act independently or seek out leader required.
Knowledge of BSA/AML Software, Keystone, OnBase required.
Demonstrated competency using Microsoft Office Suite (Outlook, Word, Excel) required.
CUNA Bank Secrecy Act Compliance Specialist (BSACS) or equivalent BSA/AML certification required.

Nice To Haves

2+ years experience in Keystone and OnBase preferred.

Responsibilities

Ensures compliance with complex Suspicious Activity Reports (SAR) creation and filing.
Utilizes an Anti-Money Laundering (AML) case management tool and other internal systems (e.g. SAIR submissions, emails) to monitor, research and analyze trends and submit Suspicious Activity Reports (SAR) as required.
Ensures Enhanced Due Diligence (EDD) is conducted on members that pose a higher risk.
Investigates suspicious occurrences and trends while fully documenting all investigative findings.
Assists in completion of Currency Transaction Reports (CTR), OFAC, CIP and 314a reviews when necessary and provides guidance to team as necessary.
Assists leadership in performing audit/compliance research
Stays abreast of changes to BSA laws, regulations, and industry trends through continuing education.
Maintains a solid understanding of all systems utilized to monitor suspicious activity, as well as all aspects of BSA and AML.
Identifies process improvements, system enhancements, and makes recommendations to improve the overall quality of processes, workflows, and related reporting.
Perform other job-related duties as assigned