BSA/Risk Mitigation Specialist

Arkansas Federal Credit Union•Little Rock, AR

13h

About The Position

Working at Arkansas Federal Credit Union GENERAL DESCRIPTION OF POSITION The primary responsibility is to ensure AFCU policy and procedures in regards to BSA, OFAC, CIP and FinCEN are being met. He/she would also assist in the credit union's overall compliance with applicable rules, regulations and statutory requirements as it relates to BSA, OFAC, CIP and FinCEN. The BSA Specialist should be conscious of streamlining efforts, cost effectiveness, safety and soundness, and proper maintenance of the internal control structure to ensure the credit union's general operating efficiency and compliance with laws and regulations.

Requirements

High school or GED, plus specialized schooling and/or on the job education in a specific skill area; e.g. data processing, clerical/administrative, equipment operation, etc, plus 2 years related experience and/or training, or equivalent combination of education and experience.

Responsibilities

Review DNA and Verafin reports to ensure all reportable cash transactions are identified.
Ensure proper documentation is received when a reportable cash transaction occurs.
Review all documents as it relates to BSA, OFAC, CIP and FinCEN for accuracy and completeness.
Communicate with Service Centers following up and tracking as necessary when errors or issues arise.
Review CTRs for accuracy and input the information into the FinCEN e-Filing site.
Pull and review receipts from FinCEN e-Filing site to ensure forms were accepted.
Review Verafin alerts and determine when high risk behavior has occurred marking member relationships or notifying BSAO as necessary.
Raise individual risk ratings when needed.
Create and investigate cases regarding suspect member activity.
Completing SARs as needed within the regulatory guidelines and monitor for possible refiling.
Comminicate investigation details to BSAO.
Be prepared to competent answer staff questions regarding BSA, OFAC, CIP, Return Deposit items, Fraud, or Red Flag.
Review all new person profiles to determine if CIP has met.
Notify Service Centers of exceptions daily.
Monitor and track outstanding exceptions.
Remain competent in performing all duties assigned to the Fraud Specialist.
Ability to identify problems, collect data, establish facts, and draw valid conclusions and to interpret the information in written, oral, diagram, and schedule forms.
Create flowcharts, worksheets and tracking devices to assist with organized workflow.
Maintain confidentiality of workflow and information obtained during the reviews and research.
Conduct special projects as assigned.
Perform any other related duties as required or assigned.