BSA/Compliance Analyst

Orlando Credit Union•Orlando, FL

15h•Onsite

About The Position

The Bank Secrecy Act (BSA)/Compliance Analyst is responsible for developing an environment which supports a culture of compliance. The BSA/Compliance Analyst assists the BSA/Compliance Officer with ensuring the organization complies with regulatory requirements applicable to all areas of the Credit Union. This position will have the authority to access all areas of the organization to monitor and test internal controls and regulatory requirements. As well as access to AML platforms to assist with monitoring BSA duties as assigned. Note: This is not an Information Technology position.

Requirements

Bachelor's Degree in Business, Education, Criminal Justice, Accounting, Law, Finance, Intelligence, Political Science, Business/Administration or Management.
Four years of banking or other financial institution experience preferred.
Must have strong interpersonal skills.
Must be proficient in use of Word, Excel, PowerPoint, and/or other technology systems.
Excellent communication skills, both written and oral, including presentation skills.
Knowledge of Bank Secrecy Act, Anti-Money Laundering, Officer of Foreign Asset Control and USA PATRIOT Act preferred.
Knowledge of Verafin.
Ability to resolve problems quickly with sound judgment.
Demonstrated ability to maintain flexibility in a changing environment.
Ability to multi-task, prioritize, escalate issues, and remain organized is essential for this role.
Ability to maintain confidential member, employee, and credit union information in a responsible and secure manner.
Ability to work independently and as a team member.
Must be bondable.

Responsibilities

Assist with the maintenance of the Credit Union’s BSA/AML automated software system.
Monitor system reports to verify all Currency Transaction Reports (CTRs) are identified.
Oversee the Credit Union’s Monetary Instruments Log.
Perform 314(a) searches biweekly or as required by FinCEN and report matches as required.
Process BSA/AML and OFAC alerts as assigned.
Conduct transaction testing to verify Customer Information Program (CIP) data is captured in accordance with the Credit Union policy and the USA PATRIOT Act.
Escalate alerts for second level review, under BSA Officer’s direction assist with the completion of SARs.
Provide feedback to Credit Union staff on CTRs, CIP, CDD/EDD efforts on an as needed basis.
Assist with the compliance monitoring program regarding consumer compliance.
Assist with the residential lending Quality Control Process to ensure investor (FNMA) guidelines are met and maintained.
Assist with the MERS Quality Control Program QA Plan.
Oversee the Credit Union's HMDA LAR.
Perform research and provide compliance insights to Credit Union staff on an as needed basis.
Assist with policy or procedural changes to management that will maintain and/or improve the Compliance Management System to mitigate the risk of non-compliance.
Assist with the collaboration to implement procedural and program changes in response to regulatory changes, compliance inconsistencies or changes to internal controls.
Review, create, revise, implement or assist with the updating and implementation of policies, procedures, forms, and disclosures as applicable to achieve regulatory compliance.
Remain aware of changes in regulations, analyze the changes as to the effect on credit union operations and disseminate information to the manager.
Assist with Credit Union examinations/audits as needed.
Report any exceptions or violations to regulations, laws or credit policies and procedures to appropriate credit union management and suggest corrective measures.
Attending meetings and training sessions as required or requested including the preparation and presentation of materials.
Maintain a good understanding and adhere to Orlando Credit Union policies and procedures.
Understand and comply with all National Credit Union Administration (NCUA), Consumer Financial Protection Bureau (CFPB) and Federal Regulatory guidelines to include the Bank Secrecy Act (BSA) and its implementing regulations.
Maintain Credit Union Confidentiality as it pertains to all functions of the credit union.
Professional and efficient communication with all departments to promote teamwork and high-quality member service.
Prompt, friendly, and accurate service to internal and external members.
Other duties as assigned or requested.