BSA Analyst

Together Credit Union•Saint Louis, MO

17d•Hybrid

About The Position

The BSA Analyst will be responsible for supporting the credit union’s Bank Secrecy Act Compliance Program by maintaining knowledge of the Bank Secrecy Act (BSA), Information Sharing, and Anti-Money Laundering regulations and performing duties in support of established policies and procedures. The ideal candidate will demonstrate a high level of integrity, be motivated to achieve desired results, maintain professionalism in all settings, hold themselves and others accountable, commit to the success of the bank, and work well in a team environment. This is a Hybrid/St. Louis position

Requirements

High school diploma or equivalent
3+ years of BSA experience
Banking/financial services or related experience in preferred 3+ years of related experience
Knowledge of BSA/AML, OFAC, and related regulatory requirements in a financial services environment
Skilled in using Verafin and related systems to monitor, analyze, and report account activity
Skilled in reviewing data, identifying irregularities, and documenting findings with accuracy and clarity
Ability to apply sound judgment and maintain objectivity when assessing potential risks or suspicious activity
Strong attention to detail and consistency in managing confidential and regulated information
Effective communication skills with the ability to collaborate across departments and levels of the organization
Ability to build and maintain trust while handling sensitive or confidential matters
Commitment to upholding compliance standards and promoting a culture of accountability
Ability to work at a computer in a stationary position for up to 8 hours per day
Ability to occasionally carry light materials (e.g., laptop, presentation materials)
Ability to travel for business by car or air and stay in public accommodations as needed

Nice To Haves

Associate’s or bachelors degree in a related field
BSA Certification

Responsibilities

Performs periodic reviews and monitoring of high-risk consumer and commercial accounts in accordance with the Credit Union’s risk-based BSA program
Run 314(a) checks regularly; research and resolve any matches or unusual activity identified through Verafin
Review OFAC Watchlist alerts within Verafin and monitor the OFAC queue within the core system to ensure staff perform their OFAC alert reviews properly; provide training to staff when needed and provide feedback on staff shortfalls
Review Currency Transaction Reports (CTR) for compliance, file them on a timely basis, and address documentation shortfalls provided by branch and operations staff; provide training to staff when needed and provide feedback on staff shortfalls
Review Fraud Department case referrals; file Suspicious Activity Reports (SAR) on cases that fall within SAR filing guidelines on a timely basis and provide feedback to Fraud Department employees on their referrals when needed.
Review Verafin BSA/AML alerts; file SARs on a timely basis when activity meets SAR filing guidelines
Monitor 314(b) collaborations within Verafin
Follow up on irregularities identified on newly opened accounts; work with managers to resolve issues
Utilize internal and external resources to investigate and analyze potential fraud and money laundering; conduct suspicious activity investigations
Deliver and coordinate BSA/AML training and continued education
Assist during all periodic BSA/AML compliance reviews
Promote a positive relationship between members (internal and external) and the Credit Union and understand that service delivery to members is the number one priority