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Teachers Federal Credit Union · 2 days ago

BSA Analyst II

Hauppauge, NY

Full-time

Onsite

Mid Level

$32.05/hr - $38.42/hr

3+ years exp

Teachers Federal Credit Union is one of the nation’s leading credit unions, committed to guiding members toward building a strong financial foundation. The BSA Analyst II is responsible for supporting key functions of BSA/AML compliance, including transaction monitoring, case investigations, and regulatory reporting.

BankingFinance

H1B Sponsor Likely

Hiring Manager

Katie Murphy Scholder

Responsibilities

Conducts complex case and Continuing Activity Reviews, completing Suspicious Activity Reports and presenting at SAR Committee for discussion

Compiles information and statistics for report use

Supports the process to prepare, review and submit Currency Transaction Reports (CTRs) within required timeframes, including performing secondary reviews to ensure completeness, accuracy and timely submission

Escalates potentially unusual or suspicious activity, or potential OFAC/sanctions issues

Provides subject matter expertise and guidance to business and operations teams on BSA/AML and OFAC policies and procedures

Monitors accounts and researches complex transactions for indicators of unusual or suspicious activity

Leverages understanding of suspicious activity scenarios and automated alert and case management systems to complete alert and case investigation

Participates in SAR Committee discussions and prepares SAR narratives for filing

Supports quality assurance activities, including remediating identified gaps, developing training and guidance, and other actions as needed to improve quality of alert and case products

Researches, resolves and conducts AML investigations on alerts

Reviews OFAC alerts and cases, applying understanding of sanctions regulations and reporting requirements, and escalating for action

Supports compliance with 314(a) and 314(b) (PATRIOT Act) information sharing responsibilities and responds to subpoena and law enforcement inquiries

Supports reviews of customer accounts to comply with CDD/EDD program requirements

Identifies and reports on changing trends in anti-money laundering, staying informed on industry best practices, emerging risks, and changes to applicable BSA/AML and banking regulations

Performs other duties as assigned

Qualification

BSA/AML experienceBank Secrecy Act knowledgeFinancial crimes certificationsExcel proficiencyVerafin experienceAnalytical skillsResearch skillsMulti-tasking abilityCritical thinking

Required

Bachelor's degree or a minimum of eight years directly related experience required

Minimum three years of BSA/AML experience required, with experience reviewing AML & OFAC alerts, investigating cases, and developing recommendations

Working knowledge of the Bank Secrecy Act, the USA Patriot Act, Office of Foreign Asset required

Financial crimes certifications or able to complete certification within first year of employment (e.g., ACAMS, CAFP, ACSS, etc.)

Excel, Word, PowerPoint and project-related tools (SmartSheet)

Strong analytical and critical thinking skills

Ability to multi-task and work in a fast-paced, ever-changing environment

Research skills, including conducting open source/internet research using a variety of sites and methods

Control regulations, strategies and federal regulatory enforcement policies

Preferred

Verafin preferred

Core customer information system experience (Fiserv/DNA) preferred

WirExchange experience preferred

Benefits

This position is eligible for our annual discretionary bonus program. Some positions within the credit union also qualify for quarterly performance incentives

Paid time off for vacation, personal days, and holidays

401(k) company contribution

Teachers pays 100% of Dental & Vision premium

Tuition reimbursement is offered to full-time employees

Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

Company

Teachers Federal Credit Union

Teachers Federal Credit Union is a company which develops finance related apps for iPhone

Founded in 1952

Farmingville, New York, USA

501-1000 employees

http://www.teachersfcu.org

H1B Sponsorship

Teachers Federal Credit Union has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2021 (1)