BSA Compliance Specialist

DFCU Financial•Dearborn, MI

About The Position

As a BSA Compliance Specialist, you will monitor and investigate unusual or potentially fraudulent activity, supporting the credit union’s efforts to detect and prevent financial crime. This role is responsible for analyzing account activity, preparing regulatory reports such as CTRs and SARs, and partnering with internal teams and external agencies to mitigate risk and ensure compliance with BSA and OFAC requirements. Strong analytical skills, attention to detail, and the ability to handle sensitive information are essential for success in this role. We are seeking a BSA Compliance Specialist to join our team.

Requirements

Bachelor’s Degree or equivalent work experience.
Three years’ experience with financial institution deposit operations, service delivery channels and BSA.
Knowledge of federal regulatory requirements related to Bank Secrecy Act and OFAC.
Strong computer skills.
Organizational, critical thinking, analytical and administrative skills with keen attention to detail and strong time management.
Excellent interpersonal skills, including effective verbal and written communication.
Consistent positive, cooperative, self-motivated, courteous and professional attitude.
Ability and willingness to function as a team player.

Responsibilities

Research and identify suspicious, unusual, out of pattern, high risk or fraudulent activity across loan, deposit and payment systems.
Assist senior specialists with referrals of suspicious or unusual activities or compromised member information from branches, member service center, other departments and members.
Prepare written correspondence to members and financial institutions using standard templates.
Prepare currency transaction reports (CTRs) and suspicious activity reports (SARs) for supervisory action.
Perform and document periodic review of account activity related to SARs filed to determine need for subsequent SAR filings.
Receive and review branch monetary instrument logs (MIL) for accurate and timely completion.
Perform customer due diligence (CDD) and enhanced due diligence (EDD) on new or elevated risk relationships.
Identify and flag potential high risk accounts and member activity through established report and transaction monitoring activities.
Triage OFAC and other watch list alerts generated by business lines.
Respond to Grand Jury subpoenas.
Maintain strict confidentiality of sensitive information and challenging subject matter encountered during daily duties.
Consult where applicable or refer complex cases to senior specialists.
Interact with law enforcement regarding actions taken to prevent loss.
Travel to police departments and courts when necessary.