Apply on Employer Site

CoastHills Credit Union · 3 weeks ago

BSA Compliance Analyst

Santa Maria, CA

Full-time

Onsite

Senior Level

5+ years exp

CoastHills Credit Union is a financial institution seeking a BSA Compliance Analyst. The role involves performing quality control reviews, monitoring compliance with regulatory requirements, and assisting in policy development to ensure adherence to laws such as the Bank Secrecy Act and Anti-Money Laundering regulations.

BankingFinancial ServicesMobile Payments

Growth Opportunities

Responsibilities

Performs quality control reviews and monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Member Identification Program compliance using industry standard and regulatory guidance to ensure CoastHills’ compliance efforts are maintained daily

Monitors and analyzes developing trends and changes in regulatory compliance laws, rules, and regulations, and advises management of the operational impact

Assists in the development and implementation of appropriate policies, procedures, disclosures, notices, and forms to comply with legislative and regulatory changes or new requirements

Complies with currency transaction action reporting requirements by performing daily currency transaction (CTR) monitoring and, when appropriate, the preparation of Currency Transaction Reports

Conducts time-sensitive investigations of alerted and referred transactions and individuals for suspicious activity, utilizing several internal and external resources

Reviews simple and complex transactions, individuals and member situations and provides findings to management to evaluate potential risk to the Credit Union

Reviews internal suspicious incident reports and determines if Suspicious Activity Reports (SAR) are warranted and files SARs timely with FinCEN

Maintains current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations

Provides research and evaluation of anti-money laundering (AML) cases and accurately and sufficiently document analysis and findings in the Credit Union's case management system

Uploads various reports to the Credit Union's Financial Crime Risk Manager (FCRM) including but not limited to FinCEN 314(a), FinCEN Acknowledgments and SDN Watch List

Ensures effective communication with management and employees to complete suspicious activity investigations and reports

Immediately responds to employee requests for assistance regarding regulatory and procedural processes relating to BSA, OFAC, AML, and CIP

Pursues specialized Bank Secrecy Act training and re-certification to keep abreast of the constant changes in state and federal regulations

Maintains current job knowledge of Credit Union policies, procedures, and services

Regularly attends and participates in in-house training

Performs duties as assigned by management and may be assigned to work at any location

Qualification

BSA Compliance SpecialistAnti-Money LaunderingRegulatory ComplianceMS Office SuiteAuditing SoftwareCredit Union RegulationsQuality Control ReviewsResearch SkillsCommunication SkillsTime Management

Required

Five or more years increasingly responsible related experience within a financial institution

Knowledge of branch operational activities and a variety of federal and state laws and regulations

BSA Compliance Specialist certification, or successful completion of BSA Compliance School possession of certification within six months of hire

Well-rounded background in all aspects of credit union department functions, policies, and procedures

Credit union laws and regulations

Advanced skills with MS Office Suite (Word, PowerPoint, Excel) required, as well as auditing software

Operates a variety of office equipment, machines, audio/visual equipment and aids, cameras, and other digital equipment

Travels, attends, and participates in meetings, seminars, and conferences held before and after normal business hours that may require unaccompanied long-distance travel and overnight lodging

Ability to work a variety of hours, including evenings and weekends