Business Audit Specialist

Credit Union of Texas•Allen, TX

33d

About The Position

The Business Audit Specialist plays a critical role in safeguarding the Credit Union of Texas by auditing, reviewing, and validating business account documentation. This position ensures that all business accounts are accurately structured, properly authorized, and fully compliant with Credit Union policies, Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) regulations, Beneficial Ownership requirements, and other applicable federal and state laws. As a trusted subject matter expert, you will provide expert guidance to branch staff, proactively identify and resolve documentation gaps, and contribute to the overall integrity and risk management of the Credit Union's business banking portfolio.

Requirements

High School diploma or equivalent required
Minimum of 5 years of progressive experience in a financial institution (credit union, bank, or similar) with direct focus on business/commercial account documentation, onboarding, or compliance
Demonstrated expertise in evaluating complex business entity structures and signer authority
Proven track record in documentation review, audit, or quality control processes
Using primarily just the fingers to make small movements such as typing, picking up small objects, or pinching fingers together.
Using fingers and palm on an object.
Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.
Movements frequently and regularly required using the wrists, hands, and/or fingers.
Able to hear average or normal conversations and receive ordinary information.
Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or operate machinery.
Sitting part of the time. Exerts up to 10 lbs. of force occasionally.
The ability to use common sense or logic.
Detailed Ability to apply common sense understanding to carry out detailed instructions and to deal with problems involving many variables.
Basic Ability to perform basic math skills including adding, subtracting, multiplying, and dividing two digit numbers; operations with units such as inch, foot, yard; ounce, pound (or their metric counterparts), and square footage; ability to understand appraisals, compute rent rates and lease expiration times.
Typical Ability to use passive vocabulary of 5,000-6,000 words; read at a moderate rate; and define unfamiliar words in dictionaries for meaning, spelling, and pronunciation. Ability to write complex sentences, using proper punctuation, and using adjectives and adverbs. Ability to communicate in complex sentences, using normal word order with present and past tenses and good vocabulary. Ability to read, analyze and interpret general business periodicals, professional journals, correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, guests, vendors and the general public.
The responsibilities contained within this job description remains compliant with Bank Secrecy Act / Anti-Money Laundering, Office of Foreign Assets Control and USA PATRIOT Act as they apply to the duties of the position

Nice To Haves

Associate's or Bachelor's degree in Business Administration, Finance, Accounting, Compliance, or a related field preferred
Experience developing or delivering training/documentation preferred
Prior background in audit, compliance, risk management, or BSA/AML highly desirable

Responsibilities

Conduct thorough audits and detailed reviews of new and existing business account documentation to verify accuracy, completeness, and adherence to internal policies and regulatory standards
Validate authorized signers and ownership structures across diverse business entity types (e.g., LLCs, Corporations, Partnerships, Non-Profits, Sole Proprietorships, and Trusts)
Analyze supporting business entity documents (articles of incorporation/organization, operating agreements, partnership agreements, bylaws, EIN letters, etc.) for authenticity and compliance
Serve as the primary point of contact and subject matter expert, providing timely, accurate guidance and training to branch personnel on complex business account documentation requirements
Identify documentation deficiencies, discrepancies, or risk exposures; collaborate with branches and other departments to promptly resolve issues and implement corrective actions
Ensure ongoing compliance with BSA/AML, Beneficial Ownership Information (BOI) reporting, Office of Foreign Assets Control (OFAC), USA PATRIOT Act, and other regulatory obligations
Maintain detailed audit trails, documentation records, and reporting to support internal reviews, external audits, and regulatory examinations
Stay current on evolving regulatory changes, industry best practices, and credit union policies related to business accounts and documentation
Participate in special projects, process improvements, and training initiatives to enhance documentation quality and operational efficiency
Other duties necessary to achieve the goals of the credit union