BSA Compliance Specialist II

MONROE COMMUNITY CREDIT UNION • Monroe, MI

1d • Onsite

About The Position

The BSA Compliance Specialist II is responsible for leading and enhancing the credit union’s Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and related regulatory compliance programs. This role independently performs and oversees complex transaction monitoring, conducts in-depth investigations of suspicious activity, and ensures timely, accurate filing of required regulatory reports, including SARs and CTRs. In addition to hands-on case work, the position provides subject matter expertise, supports the development and refinement of monitoring processes, and helps ensure consistent application of regulatory requirements across the organization. The Senior Specialist also conducts and/or reviews enhanced due diligence for higher-risk member accounts and business relationships, and partners with internal stakeholders to strengthen compliance controls and mitigate financial crime risk in alignment with applicable laws, regulations, and internal policies.

Requirements

• Bachelor’s degree in Business, Finance, Accounting, Criminal Justice, or related field preferred (or equivalent combination of education and experience)
• 3-5 years of experience in BSA/AML compliance, fraud investigations, or financial crimes monitoring within a financial institution or regulated environment
• Credit union or banking experience strongly preferred
• Strong working knowledge of BSA, AML, OFAC, USA PATRIOT Act, FinCEN regulations, and related guidance
• Experience with transaction monitoring systems, case management tools, and core banking platforms
• Demonstrated experience preparing SARs, CTRs, and handling regulatory filings
• Strong understanding of CIP, CDD, and Enhanced Due Diligence requirements
• Familiarity with fraud detection concepts and financial crime typologies
• Advanced analytical and investigative skills with the ability to assess complex transactions and patterns
• Strong attention to detail with high accuracy in regulatory reporting
• Ability to work independently and exercise sound compliance judgment
• Strong written and verbal communication skills, including report writing for senior leadership
• Ability to manage multiple priorities in a deadline-driven environment
• Strong collaboration skills and ability to influence cross-functional partners

Nice To Haves

• CAMS (Certified Anti-Money Laundering Specialist) preferred or in progress
• Other relevant certifications in compliance, fraud, or risk management a plus

Responsibilities

• Lead the administration and optimization of automated BSA/AML/OFAC monitoring systems. Review and investigate complex alerts, analyze system effectiveness, identify detection gaps, and recommend enhancements to strengthen risk identification and regulatory compliance.
• Independently prepare, review, and file SARs, CTRs, FinCEN 314(a) requests, and other required regulatory reports. Ensure timely and accurate filings, oversee CTR exemption determinations, and compile trend analysis and reporting for management and Board review.
• Conduct enhanced due diligence reviews for high-risk members and business accounts, validate risk ratings, monitor ongoing activity, and provide guidance regarding CIP/CDD requirements and documentation standards.
• Conduct compliance reviews of loan files, new accounts, and operational processes to assess adherence to regulatory and internal requirements. Support internal audits, file maintenance report review, examinations, branch reviews, legal requests, subpoenas, internal reviews, and regulatory inquiries while tracking corrective actions and resolutions.
• Monitor regulatory changes related to BSA, AML, OFAC, USA PATRIOT Act, and related regulations. Assist in updating policies, procedures, controls, and training programs to ensure ongoing compliance and program effectiveness.
• Maintain and support the enterprise BSA/AML risk assessment process. Identify suspicious activity, emerging fraud trends, and financial crime risks through data analysis and transaction monitoring, escalating concerns as appropriate.
• Serve as a subject matter resource for BSA/AML/OFAC compliance. Support the development and delivery of training, communicate regulatory updates and emerging risks, and promote a strong culture of compliance throughout the organization.
• Ensure compliance with record retention requirements, maintain confidentiality of sensitive information, support regulatory reporting obligations, and perform additional duties to strengthen the overall compliance program and enterprise risk management framework.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level