BSA INTERNAL ADMIN AUDIT COORD

Freedom Credit Union • Springfield, MA

9d • $29 - $36

About The Position

The BSA Internal Admin Audit Coordinator monitors the Credit Union’s compliance with state and federal requirements related to the Bank Secrecy Act (BSA), USA PATRIOT Act, Anti-Money Laundering (AML), and OFAC. The role administers the Verafin AML system, investigates potential matches and unusual activity, manages reporting and customer risk monitoring, and supports internal and external audits and regulatory examinations.

The position also performs data integrity reviews for new business relationships and prepares and supports monthly Audit Committee reporting and meeting minutes.

Requirements

• Two to five years of similar or related experience, including time spent in preparatory positions.
• A two-year college degree or completion of a specialized course of study at a business or trade school.
• A significant level of trust and diplomacy; ability to handle sensitive or highly confidential discussions and communicate by motivating, influencing, educating, or advising others on significant matters.

Nice To Haves

• BSA certification preferred.

Responsibilities

• Monitor compliance with state and federal laws and regulations related to BSA, the USA PATRIOT Act, AML, and OFAC.
• Serve as primary administrator of Verafin, ensuring data integrity and use of its functionality; report BSA-related activities to management.
• Run OFAC and 314a checks, investigate matches, and research unusual activity identified through Verafin or at the branch level.
• Manage the CTR process by reviewing system-generated cash reports and CTRs for compliance.
• Monitor SAR activity daily, investigate suspicious transactions, and submit Suspicious Activity Reports related to BSA-AML activities.
• Review data integrity for new business relationships and ensure accuracy with CIP procedures and documentation.
• Monitor and track BSA-AML high-risk customers and accounts; maintain the CDD/EDD risk rating and monitoring program, including initial and ongoing assessments; review and analyze unusual account activity.
• Serve as the principal contact for internal and external independent reviews or audits; schedule and coordinate with auditors and regulatory examiners and provide requested information.
• Prepare information for monthly Audit Committee meetings, participate in reporting to the committee, and prepare monthly meeting minutes.

What This Job Offers

• Job Type: Full-time
• Education Level: Associate degree