BSA Operations Specialist

First Harvest Credit Union • Deptford Township, NJ

1d • Onsite

About The Position

Responsible for supporting FHCU's daily compliance with the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Member Identification Program using industry standard and regulatory guidance. This role will support the AML/BSA compliance functions with focus on transaction monitoring, high risk accounts, due diligence reviews and regulatory reporting.

Requirements

• Employees are required to use the Microsoft Authenticator app on their personal cell phone to securely authenticate Outlook and other company systems; the app does not access personal data that exists on the mobile device.
• Bachelor's degree preferred or equivalent experience
• 3 or more years of experience in BSA/AML
• Advanced knowledge of Bank Secrecy Act, USA Patriot Act, OFAC regulations
• Fiserv DNA and FCRM (Financial Crimes Risk Management)
• Chexsytems
• Strong knowledge of BSA/AML/OFAC/CFT and compliance regulations and industry best practices.
• Knowledge of credit union terminology
• Interpersonal skills – Work involves personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation and teamwork
• Highly proficient with Microsoft Office Suite, Outlook, Excel
• Well-organized and detail oriented
• Excellent analytical and problem solving skills
• Maintain confidentiality with sensitive information at all times
• Ability to learn credit union software programs and online systems used
• Ability to multitask and manage multiple projects with conflicting deadlines
• Professional demeanor

Nice To Haves

• BSA Certification

Responsibilities

• Monitors AML software alerts, data changes, account maintenance, file maintenance and dormant reports on a daily basis for signs of suspicious activity.
• Conduct time-sensitive investigations of alerted and referred transactions and members for suspicious activity, utilizing several internal and external resources.
• Communicate investigation to Risk and Compliance Manager.
• Import various reports to the Credit Union's Financial Crime Risk Manager (FCRM) including but not limited to FinCEN 314(a), FinCEN Acknowledgments and SDN Watch List.
• Monitor member transactions to help support BSA/AML, prepare and file all SAR/CTRs timely with FinCEN in accordance with BSA.
• Review system reports daily to support BSA/AML/OFAC compliance.
• Manage CTR reporting and CTR exemption processes.
• Conduct member due diligence and risk analysis of personal and business relationships two weeks after account opening including OFAC, verification reports, address & ID verifications, occupation/employment and all documents are signed/acknowledged and archived.
• Conduct enhanced due diligence reviews for members identified as higher risk.
• Maintains detailed reports to track, investigate, and follow up on high-risk accounts, cash transaction monitoring, and research possible suspicious activity through AML software tool.
• Alerts Risk and Compliance Manager if any red flags emerge from daily tasks.
• Assess potential matches from OFAC and other watch lists, clearing false positives or coordinating reporting for true matches with Risk and Compliance Manager.
• Receives, reviews and verifies all monetary instruments received by the branches for OFAC clearance compliance.
• Notifies the Risk and Compliance Manager when items are missing.
• Disseminate information, answer questions, and be a subject matter expert for the credit union on BSA/AML/OFAC-related issues.
• Consult with CUSO on guidance and support on compliance issues as needed.
• Process incoming levies.
• Assist with regulatory examinations and audits, including gathering requested information.
• Serve as backup to the Administrator of Policy Tech for all policies & procedures of credit union.
• Assist in the preparation and documentation of annual risk assessments across all lines of business.
• Report member and fraudulent checks to ChexSystems as necessary.
• Conduct branch audits with appropriate personnel as necessary.
• Participates in available credit union self-development education programs and required compliance courses through self-study, BAI, and the credit union's training department.
• Supports the credit union's goals by contributing to the success of the credit union's business objectives.
• Adheres to the FHCU Service Standards as established.
• Performs other duties or special projects as required or as assigned by manager.

Benefits

• Health, Dental, and Vision Insurance
• Company Paid Short Term (STD) & Long Term Disability (LTD)
• Company Paid Employee Basic Term Life Insurance
• Voluntary Term Life Insurance for Spouse & Child(ren)
• Critical Illness, Accident, and Hospital Indemnity Insurance
• Health Care Flexible Spending Account (FSA)/ Health Savings Account (HAS): Pre-taxed funds available to pay for some health-related expenses
• Tuition Reimbursement
• Employee Discount on Loans, Travel, Tickets, and More!
• 401k Match of up to 5% + A Free Annual Retirement Planning Session
• 11 Paid Company Holidays
• Up to 8 paid hours for community volunteerism
• Full time employees accrue 40 hours of sick, 10 days of PTO, & 1 personal holiday annually. PTO increases to 15 days after the 1st completed year!

What This Job Offers

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