BSA - BSA Risk Analyst I

OnPoint Credit Union•Portland, OR

About The Position

Job Summary: Assists BSA team by leading the Credit Union’s efforts as they relate to compliance with laws and regulations involving the Bank Secrecy Act, USA Patriot Act, Office of Foreign Assets Control, and other related regulations involving anti-money laundering and suspicious activity on members’ accounts. Essential Functions: Supports the BSA Officer in the execution of the BSA program and ensures adherence to regulatory agency directives, memoranda, interpretive rulings, laws and regulations affecting the Credit Union. Investigates and researches activity to determine whether identified transactions or suspicious activity meets reportable government agency requirements. Documents analysis of cases, writes up findings, recommends actions.Assists other business units (i.e. Fraud/Retail) in reviewing their investigations and implications for suspicious activity reporting. Partners with the BSA Officer in working with impacted business units and processes, to include ensuring that policies and procedures reflect the spirit and intent of such regulations. This may include updating forms, working cooperatively with business units to determine and write procedures that meet both OnPoint and regulatory needs, and testing performance with implemented processes to ensure understanding and compliance. Reviews OFAC alerts to determine true matches. Reports matches to BSA Officer or Designee.Reviews 314a alerts and notifies BSA Manager of any matches for appropriate reporting Works with departments to ensure their processes align with BSA requirements and the transfer of information is effective. Responds to branch and department inquiries about BSA issues, utilizing appropriate resources for accurate research. Stays current on certifications, industry standards, trends, and proposed and actual changes relating to BSA. Participates in project teams as needed to ensure BSA needs are met for new products and processes. Supports Credit Union audit and examination processes. Performs other tasks as assigned by the BSA Officer or SVP/Chief Risk Officer.

Requirements

Thorough knowledge of BSA/AML/OFAC, and related laws and regulations affecting the Credit Union.
Demonstrated knowledge and experience with DNA or similar core operating system, Verafin, and desktop software tools such as Excel and Word.
Demonstrated excellent verbal and written communication skills, and ability to maintain confidentiality.
Demonstrated strong organizational skills, with ability to prioritize and coordinate a variety of assignments simultaneously.
Ability to work independently and function under limited supervision, while exercising good judgment, speed and accuracy.
Ability to collaborate effectively with various teams, exhibiting strong interpersonal skills.
Identifies tasks, creates and manages a project plan in coordination with other departments.
Minimum three years’ experience in BSA area, and related issues and reporting requirements.
Experience using personal computers to perform responsibilities and generate accurate and meaningful information and reports.
High school diploma or GED is required.

Nice To Haves

College degree is preferred.

Responsibilities

Supports the BSA Officer in the execution of the BSA program and ensures adherence to regulatory agency directives, memoranda, interpretive rulings, laws and regulations affecting the Credit Union.
Investigates and researches activity to determine whether identified transactions or suspicious activity meets reportable government agency requirements.
Documents analysis of cases, writes up findings, recommends actions.
Assists other business units (i.e. Fraud/Retail) in reviewing their investigations and implications for suspicious activity reporting.
Partners with the BSA Officer in working with impacted business units and processes, to include ensuring that policies and procedures reflect the spirit and intent of such regulations.
Reviews OFAC alerts to determine true matches.
Reports matches to BSA Officer or Designee.
Reviews 314a alerts and notifies BSA Manager of any matches for appropriate reporting
Works with departments to ensure their processes align with BSA requirements and the transfer of information is effective.
Responds to branch and department inquiries about BSA issues, utilizing appropriate resources for accurate research.
Stays current on certifications, industry standards, trends, and proposed and actual changes relating to BSA.
Participates in project teams as needed to ensure BSA needs are met for new products and processes.
Supports Credit Union audit and examination processes.
Performs other tasks as assigned by the BSA Officer or SVP/Chief Risk Officer.