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Alaska USA · 2 months ago

BSA / AML Due Diligence Analyst I

Anchorage, AK

Full-time

Onsite

Entry Level

$49K/yr - $73K/yr

2+ years exp

Global Credit Union is committed to ensuring compliance with the Bank Secrecy Act and Anti-Money Laundering regulations. The BSA/AML Due Diligence Analyst I plays a crucial role in identifying and mitigating financial crime risks throughout the customer lifecycle, from onboarding to ongoing monitoring.

BankingFinanceFinancial Services

Responsibilities

Review and analyze alerts and cases involving high-risk members and businesses. Conduct timely triage to assess risk relevance, escalate issues as needed, and ensure investigations are completed within compliance timeframes

Verify member documentation, including identification and transaction records. Confirm the Credit Union has sufficient information to establish account holder identity and evaluate risk profiles

Monitor new business accounts and verify beneficial owners of legal entity customers. Escalate discrepancies to appropriate business lines for prompt resolution

Conduct in-depth analysis of member profiles, business activities, and ownership structures. Assess risks related to sanctions, terrorist financing, and other financial crimes

Collaborate with member onboarding and internal stakeholders. Gather and clarify member information as part of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews

Perform required CDD/EDD on high-risk members. Use internal databases, public records, subscription services, transaction analysis, documentation review, and internet research to support investigations

Prepare detailed reports documenting investigative findings and recommendations. Draft and file Suspicious Activity Reports (SAR) with the Financial Crimes Enforcement Network (FinCEN) when warranted

Track case status in internal systems. Maintain accurate review dates and outstanding items related to member profiles, account activity, or documentation requests

Review and complete subpoenas and law enforcement document requests. Assess potential risks based on the nature of each request

Utilize credit union training platforms and third-party vendors. Support ongoing education, professional growth, and stay informed of emerging AML trends, typologies, and regulatory expectations relevant to EDD processes

Perform other duties as assigned

Qualification

BSA regulationsAML regulationsInvestigative skillsAnalytical skillsCommunication skillsCritical thinkingBusiness law knowledgeFinancial operations experienceProblem-solving

Required

High School graduate or equivalent

A minimum of two years of progressively responsible experience in financial operations or a related compliance role

Demonstrates advanced investigative and analytical skills, with the ability to interpret complex data and identify patterns indicative of suspicious activity

Possesses excellent verbal and written communication abilities, enabling clear documentation and effective collaboration across teams

Brings a thorough understanding of accounting principles and balancing procedures, supporting accurate financial analysis

Exhibits strong critical thinking and problem-solving skills, exercising sound independent judgment in high-stakes compliance scenarios

Well-versed in business law and regulatory requirements, particularly the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations

Prior experience in roles involving routine investigative work is highly valued