Senior BSA Investigator

Municipal Credit Union

15d

About The Position

The BSA Senior Investigator is responsible for executing on all assigned aspects of the Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC) and Anti-Money Laundering (AML) compliance functions performed by the BSA Department and implemented throughout Municipal Credit Union (MCU).

Requirements

Highly ethical.
Bachelor s or Associate s Degree in Criminal Justice, Business, Accounting or related field; and or work experience required.
Minimum of seven years investigative experience in a financial institution or in an investigatory/law enforcement position.
Subject Matter Expert (SME) in BSA, USA PATRIOT Act, OFAC and related regulations.
Well-organized and detail oriented.
Strong analytical and investigative skills.
Strong communications skills, both verbal and written.
Ability to conduct thorough research.
Ability to interpret and understand laws and regulations.
Ability to self-manage and self-direct.
Resourcefulness and great time management skills.
Desire to drive and invest in the achievement of extraordinary results.
Financial or Banking Compliance knowledge.
Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail.
Technologically proficient.

Nice To Haves

CAMS, CFCS, CFE or other relevant certifications desired.
Proficiency in Verafin Monitoring/Case Management (preferred).

Responsibilities

Conduct investigations utilizing Member/Customer Due Diligence (MDD) information, transactional data, relevant documentation and internal/external research to determine if the escalated activity is suspicious and requires a Suspicious Activity Report (SAR) filing. Activities may include, but are not limited to the following: Money laundering
Terrorist financing
Structuring
Suspicious peer-to-peer activity
Money mule activity
Human smuggling
Human trafficking
Illicit gaming activities
Unregistered money service business (MSB) transactions
Trade based money laundering
Conduct 90-day SAR reviews to determine if suspicious activity is continuing and a 90-day SARs need to be filed in accordance with FinCEN requirements and department standards
Responsible for documentation supporting case determination and SAR decision.
Conducts sensitive investigations into employee and related accounts when red flags are raised.
Submit Request for Information (RFI) to appropriate branch or department to obtain updated MDD information or explanation of transactions.
Complete SARs to include a comprehensive narrative fully describing the suspicious transactions in accordance with FinCEN requirements and department standards.
Ensure all SAR steps and fields are completed accurately and consistent with reported activity in SAR narrative.
Ensure SARs and Continuing Suspicious Activity Reports are filed within department guidelines and consistent with MCU s documentation and quality standards.
Conduct Enhanced Due Diligence (EDD) investigations on MCU s higher risk Members.
Recommendation of Member expulsion as necessary if high risk Member behavior exceeds MCUs risk tolerance or violates Member Code of Conduct.
Ensure appropriate documentation is maintained and available for internal/external audits and legal requests for all work performed
Complete annual BSA/AML/OFAC training requirements.
Keep abreast of emerging AML, fraud, terrorist financing and other financial crime typologies.
Complete all MCU compliance and other assigned training requirements timely.
Executes duties with respect to MCU s BSA/AML and OFAC program so that they operate in accordance with all applicable laws, rules and regulations.
Provides support, guidance and training to Investigators and Operation Specialists.
Assist in training MCU Employees on BSA/AML/OFAC rules, regulations and requirements.
Ability to perform all responsibilities of the Investigator and BSA Operations Specialist roles, as needed.
Perform other related duties as requested and special projects as assigned.