BSA Specialist (3174)
About The Position
At SDFCU, we are committed to attracting and retaining top talent to ensure our continued success. Our tradition of exceptional service extends not only to our members but also to our employees. Through comprehensive internal training and workshops, we nurture professional strengths and provide ample opportunities for career advancement. We offer competitive salaries, exceptional health, dental, and vision insurance within the first 30 days of employment, a matched 401(K) plan with up to 4% SDFCU contribution, and much more. We are currently seeking a full-time BSA Specialist to join SDFCU. The BSA Specialist is responsible for ensuring compliance with the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) policies and procedures and the applicable federal regulations to protect the credit union from being used as a conduit for illegal activity. The BSA/AML program includes Currency Transaction Reports (CTRs), Office of Foreign Asset Control (OFAC), Suspicious Activity Reports (SARs), Customer Due Diligence (CDD), Currency Transaction Reporting (CTR) and Customer Identification Program (CIP).
Requirements
- Associate's degree in Finance, Accounting, Business Administration, Criminal Justice, or a related field required; Bachelor's degree preferred.
- Minimum of five years of BSA/AML, OFAC, fraud, compliance, or related financial institution experience required.
- ACAMS or other relevant industry certification required.
- Proficiency in Microsoft Office Suite (Word, Outlook, and Excel).
- Working knowledge of BSA/AML, OFAC, fraud prevention, and related regulatory requirements, with the ability to research, analyze, and investigate complex issues.
- Strong analytical, critical thinking, verbal and written communication, and interpersonal skills.
- Ability to maintain strict confidentiality and work effectively both independently and as part of a team.
Nice To Haves
- Verafin experience preferred.
Responsibilities
- Assist with the alert workload and the monitoring for suspicious patterns/activity and fraud, conduct suspicious activity report investigations (SAR writing), as well as high risk customer/account reviews, and recommend when to file and not file Suspicious Activity Reports (SARs).
- Conduct enhanced due diligence reviews which entail research, the gathering of documents, composing a well written narrative, making appropriate recommendations, and assigning appropriate risk factors.
- Perform 90-day SAR follow-up reviews; recommending whether continuing activity SAR should be completed.
- Assist in the preparation and submission of all Currency Transaction Reports (CTRs) within the regulatory deadline of 15 days.
- Ensure proper identification and adherence to the Bank’s BSA Program including but not limited to; CIP, CDD/EDD/BO, OFAC and record keeping and retention requirements.
- Ensure BSA/AML investigations remain current, accurate, and well-documented.
- Assist with gathering information for the Money Laundering Risk (MLR) reporting process.
- Participate in ongoing training to maintain current knowledge of BSA/AML and OFAC regulatory requirements.
- Assist in the compliance of 314(a) and 314(b) responsibilities.
- Monitor potential OFAC matches and take appropriate action to escalate them when necessary.
- Complies with federal and state regulations and all established credit union policies and procedures.
Benefits
- Competitive salaries
- Exceptional health, dental, and vision insurance within the first 30 days of employment
- Matched 401(K) plan with up to 4% SDFCU contribution
- Diversity and Inclusion: Work in an environment that values and respects all team members
- Paid Holidays: Enjoy 12 paid holidays a year, including your birthday
- Flexible Work Options: Potential work-from-home options after the introductory period
- Generous Paid Time Off: Ample vacation and personal days to maintain a health work-life balance
- Tuition Reimbursement: Support for your ongoing education and career development
- Parking Incentives: Financial incentives for your daily parking
- Comprehensive Insurance: Access to excellent medical, dental, and vision insurance packages
- Gym Reimbursement: Stay healthy with our gym membership reimbursement program
- Team Bonding: Participate in company and team bonding events that foster a collaborative work environment
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
