CRA AND BSA Specialist

Great Lakes Credit Union•Bannockburn, IL

6d•$23 - $34

About The Position

The BSA and CRA Specialist reviews commercial loans, donations, volunteering, and investments for Great Lakes Credit Union (GLCU) and Mortgage Forward in accordance with the Illinois Community Reinvestment Act (CRA). The specialist ensures the Loan Activity Register (LAR) is filed accurately and on time, serves as a subject matter expert on CRA reporting vendors, and helps ensure compliance with Illinois CRA laws and regulations. The position also supports Bank Secrecy Act (BSA) work by preparing Currency Transaction Reports (CTRs), reviewing enhanced due diligence alerts for high-risk members and activity, gathering information from Retail staff, conducting due diligence on higher-risk members, and clearing Office of Foreign Assets Control (OFAC) suspects. The role works with the CRA Officer to assess commercial and business loans, donations, and volunteering for reporting eligibility and impact, and to prepare CRA reports. Additional responsibilities include maintaining public disclosure binders, regularly reviewing branches for public disclosure, and participating in special projects for the Senior Manager of BSA & CRA.

Requirements

Two-year degree in a related field, completion of specialized study at school, or extensive in-house training.
At least one year of similar or related experience.
Some experience with or understanding of CRA.
Knowledge of Microsoft Excel, including sorting, filtering, and creating pivot tables; Microsoft Outlook; and Microsoft Word.
Ability to write professionally.
Basic knowledge of Excel, including sorting, filtering, and creating pivot tables, and anti-money laundering software.
Understanding of basic BSA requirements for CTRs and OFAC clearing is helpful.
Completion of anti-money laundering/counter-finance of terrorism certificates or specialized study from an accredited institution.

Nice To Haves

Experience with CRA software.
Understanding of basic BSA requirements for CTRs and OFAC clearing.

Responsibilities

Perform functions required to comply with Illinois CRA laws and regulations and GLCU CRA policies and procedures.
Review commercial and business loans with the CRA Officer to determine reporting qualifications.
Review GLCU and GLCU Foundation donations for reporting qualifications and impact to GLCU and Mortgage Forward.
Document volunteering for reporting qualifications and impact to GLCU and Mortgage Forward.
Work with the CRA Officer to build CRA reports.
Ensure the Loan Activity Register is filed on time.
Serve as the subject matter expert for vendors used in CRA reporting.
Prepare Currency Transaction Reports (CTRs).
Review and acknowledge enhanced due diligence (EDD) alerts.
Gather additional information from Retail staff as needed for high-risk alerts and activity.
Perform due diligence on higher-risk members.
Clear OFAC suspect hits.
Keep public binders up to date and regularly review branches for public disclosure.
Participate in special projects for the Senior Manager of BSA & CRA.
Perform other duties as assigned.

Benefits

Competitive total compensation package.
Medical, dental, and vision insurance.
Wellness programs and health membership reimbursement.
Company-paid short-term and long-term disability insurance.
Employee banking benefits, including 24/7 digital banking and access to a network of more than 30,000 ATMs and 18 branches.
Company-paid life insurance.
Generous paid time off and paid holidays.
401(k) retirement savings plan with employer matching contributions.
Training programs and mentorship opportunities.
Tuition reimbursement for continuing education.
Employee recognition programs.
Community service initiatives and volunteer opportunities.