BSA Specialist

Publix Employees Federal Credit Union • Lakeland, FL

1d • Onsite

About The Position

The BSA Specialist will serve as a subject matter expert on Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) compliance and will play a critical role in detecting, investigating, and reporting potential financial crimes. This role requires deep knowledge of regulatory requirements, strong analytical abilities, and a proactive approach to risk mitigation. The Senior BSA Specialist will also serve as a mentor and resource for junior analysts in FCU and collaborate with cross-functional teams to ensure compliance with applicable laws and internal policies across the credit union.

Requirements

• 3 – 5 years of experience conducting complex BSA/AML investigations within a financial institution and/or extensive knowledge of BSA regulations and program management
• Advanced knowledge of BSA, USA PATRIOT Act, OFAC, FinCEN, and related regulatory requirements.
• Ability to provide expertise on BSA/AML compliance regulations.
• Advanced knowledge and experience with AML monitoring systems (e.g., Verafin, Actimize, FIS, etc.) and case management platforms.
• Exceptional analytical, investigative, and problem-solving skills.
• Ability to determine changes needed, adapt to broad strategic changes quickly, and ensure the BSA processes align with change initiatives.
• Ability to assess and mitigate emerging risk trends.
• Excellent written and verbal communication skills, particularly in the drafting of SAR narratives.
• Advanced report writing and data presentation skills.
• Ability to manage multiple priorities, meet deadlines, and maintain a high level of confidentiality and professionalism.

Nice To Haves

• Associate in finance, Accounting, Criminal Justice, or a related field, or 2 years of undergraduate studies preferred.

Responsibilities

• Conduct in-depth investigations of complex, high priority, high profile, litigated, and potentially suspicious activity identified through transaction monitoring systems, internal referrals, and law enforcement inquiries.
• Maintain files on highly sensitive information including but not limited to, BSA/Patriot Act/OFAC compliance monitoring and reporting.
• Prepare and file high-quality Suspicious Activity Reports (SARs) in accordance with FinCEN guidelines and regulatory timelines.
• Collect information, submit and file Currency Transaction Reports.
• Review, analyze, and resolve alerts generated by the Verafin transaction monitoring system.
• Perform customer due diligence / enhanced due diligence (CDD / EDD) on new and high-risk members, including periodic reviews and risk assessments.
• Support the development and maintenance of BSA/AML policies, procedures, and risk assessments.
• Conduct quarterly transaction monitoring system (i.e. Verafin) modeling assessments and recommend configuration changes.
• Monitor, make recommendations, and implement transaction monitoring system updates and new product releases.
• Serve as a primary contact for sharing information between other financial institutions and law enforcement for 314(a)/314(b) requests.
• Conduct sanctions/OFAC screening of new accounts and daily transactions.
• Assist in regulatory examinations and internal/external audits by providing documentation and addressing examiner/auditor inquiries.
• Participate in various projects as the BSA SME, and assist in implementing processes in response to new or revised regulations, new technical advances, etc across the credit union.
• Participate in the development and delivery of enterprise-wide BSA/AML training programs for staff.
• Handle member/employee questions, in relation to BSA and/or Compliance.
• Handle member/employee questions in relation to Elder Abuse.
• Monitor industry developments and regulatory changes to ensure ongoing compliance.
• Act as a lead resource for junior analysts and provide training, and quality assurance support.
• Prepare data/reports for monthly and annual management reporting.

Benefits

• Medical, Dental and Vision insurance plans with one option at NO cost for employee only coverage!
• Generous Paid Time Off program (approximately 3 weeks a year)
• 11 paid holidays per year
• 401(k) retirement plan and profit sharing
• Pay for performance incentive programs
• Time off for giving back to your community!
• Tuition reimbursement
• And much, much more!!!

What This Job Offers

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