BSA Specialist

Suncoast Credit Union•Tampa, FL

10h•Remote

About The Position

The BSA Specialist performs quality control activities for newly opened personal and business accounts, credit cards, and loans to ensure data and information are complete and consistent and meet Customer Identification Program (CIP) and Fair and Accurate Credit Transactions Act (FACTA) regulatory requirements. The role analyzes member accounts for compliance with the USA Patriot Act, Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), FinCEN requests/314(a), and related requirements. The work helps protect the Credit Union from legal, regulatory, and reputational risk. This position is remote, but candidates must reside in Florida and travel onsite semi-annually. It is full-time, Monday through Friday, 8:30 AM to 5:30 PM. Compensation is $25.50–$33.65 per hour, based on experience and credentials.

Requirements

Bachelor’s degree in business administration, finance, criminology, or a related field; a comparable combination of work experience and training may substitute for the education requirement.
At least 3 years of previous work experience with a financial institution; experience in AML/BSA/CIP/KYC compliance is preferred.
Ability to prioritize tasks and manage competing and changing priorities to meet deadlines.
Accuracy, attention to detail, and organization in task management.
Ability to analyze and resolve difficult and often complex problems or situations.
Strong written, verbal, and interpersonal communication skills to interact effectively with members, staff, vendors, and government regulators.
Strong knowledge and understanding of credit union products, services, policies, and procedures.
Strong knowledge and understanding of regulatory compliance.
Strong knowledge and understanding of credit union computer systems and software applications required to perform job duties.
Must reside in Florida and be able to travel onsite semi-annually.

Nice To Haves

Certified Bank Secrecy Act Professional (CBSAP) certification is preferred; if not already certified, it must be obtained within one year of the job start date.
Previous AML/BSA/CIP/KYC compliance experience is preferred.

Responsibilities

Perform post-account-opening independent reviews of information for personal and business accounts, loans, and credit cards to verify CIP and FACTA requirements.
Identify records, escalate exceptions found in the account-opening process, and validate stakeholder remediation.
Perform AML/BSA/CIP/KYC/FACTA remediation projects as needed.
Perform and record enhanced due diligence on KYC data as required.
Independently check AML/BSA/CIP/KYC/FACTA information provided by the front office.
Compile data and prepare reports on quality-control reviews, CTR reviews, testing, error-correction tickets, end-of-month reporting, monthly follow-up, and other results.
Assist members and staff with CIP, FACTA, CTR, OFAC, and PEP questions and procedures.
Respond to department emails from entities within the credit union.
Complete operational tasks such as sending member letters, placing account restrictions, closing accounts, and handling restriction-removal requests.
Review large cash transaction reports daily to identify reportable transactions.
Complete and file accurate, timely Currency Transaction Reports.
Research and investigate alerts from nightly OFAC/PEP searches and real-time account-opening searches for deposits and loans to determine whether OFAC or PEP criteria are met.
Complete manual batch report scans for OFAC compliance using OFAC scanning software.
Research FinCEN 314(a) information requests and prepare referrals for accounts requiring escalation due to 314(a) risk.
Review and document OFAC file updates from the Department of Treasury and OFAC scanning software.
Assist with additional operational tasks as requested by management.
Complete written analyses and investigative summary reports.
Compile documentation and evidence and maintain accurate investigative notes.
Prepare referrals for accounts requiring escalation due to AML risk.
Participate in team meetings and projects, contributing ideas for departmental improvement and efficiency.
Attend job-specific training as requested; complete annual BSA/AML Compliance Training and FACT Act Red Flag training, and understand the employee's role in an effective BSA/AML compliance program.
Maintain current understanding of the USA Patriot Act, Bank Secrecy Act, OFAC, FACT Act Red Flags, related laws and regulations, and trends and issues affecting the area of expertise.
Attend educational events to increase professional knowledge.
Complete annual compliance and information-security training.