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NASA Federal Credit Union · 3 months ago

Bank Secrecy Act Analyst

United States

Full-time

Remote

Mid, Senior Level

$45K/yr - $76K/yr

4+ years exp

NASA Federal Credit Union is seeking an experienced Bank Secrecy Act Analyst who effectively utilizes compliance resources to resolve Anti-Money Laundering (AML) and related issues. The role involves investigating alerts, conducting reviews for compliance, and assisting in maintaining training materials and procedures.

Credit CardsFinancial ServicesNon Profit

Responsibilities

Responds to requests from Credit Union employees asking for assistance with BSA compliance

Investigates and dispositions alerts generated by the transaction monitoring system and other sources, escalating suspicious activity as needed, and preparing Suspicious Activity Reports (SARs) within the required timeframe

Reviews and submits the Currency Transaction Reports (CTRs) using the monitoring system within the required timeframe

Refers accounts to a supervisor or designated Level III BSA staff member for possible CTR exemption

Reviews Cash Indemnification Forms (CIFs) received from branches and takes appropriate action

Assists with maintaining the BSA training material and operational procedures

Maintains and distributes the branch quality control log after review and approval by supervisor or designated Level III BSA staff member

Assists with evaluation and testing of changes to BSA/AML software alert scenarios and processes

Assists with development and revisions of BSA/AML policies and procedures

Assists in gathering documents for internal audits and regulatory examinations of the Credit Union

Attends applicable compliance training and area roundtables, and reviews regulatory guidance and industry communications, to maintain currency with BSA certifications and BSA-related laws and regulations affecting the Credit Union

Assists with 314(b) information sharing requests on behalf of the registered points of contact and may assist in reviewing alerts from the 314(a) file uploads

Conducts appropriate due diligence with members to understand the activity (source and frequency of transactions, etc.) and documenting what will be normal and expected for the account

Identifies potential high-risk activity and documents and completes SARs when necessary

Assists in maintaining department metrics

Conducts quality control of SARs to be filed and SAR case files and acts as a SAR 'reviewer'

Coordinates and lead BSA training classes when necessary

Conducts secondary reviews of alert/case determinations by Level I staff

Mentors and cross-trains Level I staff

Oversees alerts and cases for Level I distribution and the completion within the desired timeframe

Makes contact with law enforcement as necessary and responds to requests for documentation related to SAR filings

Makes decisions related to account restrictions based upon investigation results and takes appropriate actions and makes referrals for account closures to supervisory staff

Reviews monetary instruments log and addresses any errors

Maintains departmental records related to changes to BSA/AML software alert scenarios

Conducts BSA system upgrades and validation testing

Gathers necessary information needed to prepare the monthly Board report within the required timeframe

Cross-trains Fraud Prevention team members in BSA as requested

Acts as a project lead on BSA-related projects when necessary

Serves on the BSA Compliance Roundtable

Qualification

BSA regulations knowledgeAML compliance experienceBSA/AML software proficiencyBSA/AML certificationFinancial institution experienceAnalytical skillsCommunication skillsTeam collaboration