Compliance + BSA Support Specialist

POSITION SUMMARY

The Compliance & BSA Support role is responsible for assisting the Compliance Officer, the VP - Risk Management, and the Sr. BSA Specialist with the research, tracking and reporting of items related to Compliance and BSA as well as other duties for the Credit Union. In addition to the development and maintenance of risk management functions that result in reduced risk for the Credit Union.

POSITION RESPONSIBILITIES

General Responsibilities

• Daily process Currency Transaction Reports (CTRs) daily for the credit union.
• Maintains member complaint monitoring system to ensure complaints are addressed by appropriate levels of management.
• Weekly analyze and track the purchase of Monetary Instruments with cash in Verafin.
• Bi-weekly run the 314a scan against entire membership through Verafin or review the alerts generated after the scan. Reporting any matches to the Compliance Officer immediately.
• Monthly prepare and provide report for the Credit Union Board regarding CTR and SAR filings.
• Monthly prepare and maintain the Red Flag and Identity Theft Report for annual reporting to the Board.
• Monthly prepare and mail letters to members with high overdraft occurrences.
• Monthly track monthly destructions logs of checks retained and destroyed at branches.
• Annually prepare and process Conflict of Interest forms for all team members and board members and as needed.
• Annually assist with managing the renewal and required training requirements of Mortgage Originator IDs with the Nationwide Multistate Licensing System & Registry (NMLS).
• Manually run OFAC searches for any ACH, Bill Payment, and Vendor payments, and Wires presented by Accounting or the Payment Services team as needed.
• Review Request for Investigation (RFIs) from team members to uncover any BSA/AML concerns with member conduct and document in Verafin as a task for a BSA Specialist.
• Assist with BSA alerts for CDD/EDD activity as directed by the Sr BSA Specialist, including the annual review of High Risk members.
• Process and report counterfeit currency that is received from the branches of the credit union to the Treasury Dept.
• Manage programs for issuance, renewal, or removal of Notary service and Signature Guarantees.
• Assist with the development and updating of internal controls for procedures designed to minimize loss exposure for the credit union, ensure fraud prevention of its members, and clarify procedural steps.
• Regularly report to the Compliance Officer or VP - Risk Management the status of duties, projects, and assignments.
• Assist team members with procedural questions or issues regarding compliance and BSA.
• Additional duties as assigned.

EDUCATION AND EXPERIENCE

• A minimum of two (2) years' financial institutional experience required.
• BSA or compliance experience is a plus.
• Associates degree or higher in a related field required.
• Professional certification preferred.
• Equivalent combination of education and experience will be considered.

KEY COMPETENCIES

• Thorough understanding of financial and operational functions.
• Knowledgeable of state and federal laws and regulations related to the financial industry and fraud.
• Use effective judgment to make sound decisions while minimizing the Credit Union's exposure to risk.
• Understanding of credit functions and procedures.
• Ability to read, analyze, research, and interpret applicable industry-related journals and other sources of information.
• High degree of accuracy and attention to detail.
• Ability to effectively respond to common inquiries from members, team members, or regulatory agencies.
• Excellent oral and written communication skills to aid in facilitating compliance discussions with applicable parties and writing reports, business correspondence, and procedure manuals.
• Ability to solve practical problems and think critically.
• Demonstrated ability to achieve goals independently.
• Ability to work well with others at all levels of the organization.
• Demonstrated ability to work independently, work collaboratively, handle multiple priorities, exercise good judgment, and employ initiative.
• Proficient in the use of personal computers and associated software (e.g., word processing, spreadsheets, etc.).
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Ability to read and interpret a variety of instructions furnished in written, oral, diagram, or schedule form such as operating instructions and procedure manuals.
• Ability to operate standard office equipment and tools, such as a personal computer terminal, keyboard and mouse with visual monitor, calculator, computer printer, fax machine, telephone, photocopier, scanner, and security system.

PHYSICAL DEMANDS AND WORK ENVIRONMENT

• Work Environment: Business office, the noise level in the work environment is usually quiet to moderate.
• Physical Requirements: Ability to sit or stand at a desk the majority of the day; talk or hear; stand or walk occasionally. While performing the duties of this job, the team member is typically utilizing a computer, keyboard, and phone. May occasionally reach with hands and arms; stoop, kneel, and crouch.

WHAT DO WE OFFER?

BENEFITS

• Medical, dental and vision insurances
• Supplemental insurances
• Pre-tax and Roth 401(k) Safe Harbor options
• Flexible spending accounts
• Health Savings Account (HSA)
• Paid time off (PTO)
• Paid holidays, including birthday
• Bereavement and pet leave
• Basic Life/AD&D, short-term and long-term disability coverage at no cost
• Voluntary Life/AD&D
• Employee Assistance Program

The above information has been designed to indicate the general nature and level of work performed by persons within this job this job classification. It is not designed to contain or be interpreted as a comprehensive inventory of all the duties, responsibilities, and qualifications required of persons assigned to this job. Additional duties may be required to perform the job effectively.