BSA/AML Analyst

Effective date: 07/31/2024

Role:

Responsible for day to day providing support to the Vice President of Compliance and Risk Management to ensure the credit union maintains compliance with the Risk Management Program. Responsibilities include understanding BSA, AML, CIP, and OFAC regulations. This role is considered a subject matter expert in BSA/ AML operations and is responsible in assisting other departments with questions or concerns. The BSA/AML Analyst will ensure the credit union assets as well as members are safeguarded from fraudulent or suspicious activity.

Essential Functions & Responsibilities:

• Reviews and investigates BSA/AML and Watch List alerts produced by third party FRAMLX software to mitigate losses and to monitor for money laundering activities in a timely manner. Responsible for the identification and tracking of suspicious activity through the generation of alerts from the credit unions FRAMLX software and reports from the credit union employees. Also responsible for fully documenting findings after investigation is complete and timely filing of SAR.

• Maintains the credit union's CDD/EDD process by reviewing alerts generated for missing questionnaires or for irregular activity being reported. This includes monitoring the risk associated with consumer and business accounts.

• Assists the Vice President of Compliance and Risk Management with training and educating the credit union staff on Risk Compliance related issues. This will include maintaining the Risk and Compliance internal resource page on intranet.

• Responsible for accurate completions and timely filing of CTRs as well as reviewing reports to ensure non-member CTRs are completed timely.

• Responsible for ensuring OFAC regulations are followed and in compliance by testing, reviewing, and monitoring reports related to accounts, wires, IAT and 314(a).

• Assist with incoming member calls to the Risk department regarding account fraud situations. Other projects or duties as assigned relating to the Risk Management function of the credit union.

• Other projects or duties as assigned relating to the Risk Management function of the credit union.

Performance Measurements:

• Ensure all alerts and reports are attended to in a timely manner to prevent unnecessary losses to members and or risks to the credit union.

• Ensure compliance with rules and regulations and internal policies and procedures governing plastic cards and electronic payments to mitigate risk of monetary losses.

• Complete reports, tile regulatory reports or provide necessary feedback man organized and timely manner.

• Research and resolve member and internal requests, inquiries, and issues in a timely and accurate manner that pose risk to the credit union or member.

• Ensure accuracy and efficiency on processing transactions by achieving an error rate of 0% and meeting established timelines.

Performance Measurements:

• Experience

  Two to five years of similar or related experience.

• Education Interpersonal Skills

  A high school education or GED or equivalent.

• Interpersonal skills

  A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Work involves extensive personal contact with others and/or is usually of a personal or sensitive nature. Work may involve motivating or influencing others. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary.

• Other Skills

  Self starter possessing the ability to work independently while supporting a team environment. Working knowledge of VISA card network rules and regulation. Intermediate knowledge of MS Excel, Outlook and Word. Strong member service skills with the ability to effectively research and resolve issues and discrepancies. Ability to follow directions and apply proper policies, procedures and guidelines. Strong organizational skills and case management is required. Experience with Verafin is helpful.

• Physical Requirements

  Sedentary work: regularly required to sit, talk, or hear; frequently required to use repetitive hand motion, handle or feel, and to stand, walk, reach, bend or lift up to 20 pounds.

• Work Environment

  This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, telephones, photocopiers, filing cabinets and fax machines. The noise level in the work environment is usually moderate.

  To apply for this position: please email your contact information, cover letter, and resume, to humanresources@rivercityfcu.org. Include the job title you're applying for in the subject line of the e-mail.