Kinecta Federal Credit Union · 2 days ago
BSA/AML Analyst - El Segundo, CA
El Segundo, CA
Full-time
Onsite
Mid, Senior Level
$55K/yr - $70K/yr
3+ years expKinecta Federal Credit Union is a financial institution seeking a BSA/AML Analyst to ensure compliance with the Bank Secrecy Act and related regulations. The role involves conducting quality control reviews, monitoring compliance activities, and providing training and guidance to staff.
Financial Services
Responsibilities
Review Office of Foreign Assets Control (OFAC) alerts and possible matches with individuals or entities on the OFAC list and decision or respond accordingly in a timely manner to the waiting department
Review of BSA/AML alerts for potential SAR filing determination
Completes timely reports as related to BSA, including but not limited to Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs)
Conducts internal audit of new ITIN memberships to determine if CIP and OFAC requirements are met
Early detection, prevention, and minimization of future losses through review of suspect transactions as generated by the Credit Union’s transaction monitoring system, as well as review of BSA/AML activity reported by other departments/personnel within the Credit Union
Serves as a resource for branch, and other personnel by providing general guidance, reoccurring support, feedback, timely consultation on alternatives, and follow up on results of case conclusions
Identifies and recommends changes, new procedures, and techniques to eliminate potential weaknesses in policies, practices and procedures or operations as they relate to BSA
Assists in the delivery of ongoing training that incorporates a review of current developments and changes to the BSA/AML, OFAC, and FinCEN regulations and BSA related processes, such as CIP, CTRs, and SARs
Reports all potential and asserted BSA violations to the BSA Officer
Adheres to all compliance programs, including but not limited to, completion of all required and assigned training modules by established due dates
Remains current and complies with all rules, regulations, and laws as they apply to BSA, OFAC, USA Patriot Act and CIP
Attends meetings as directed to maintain a current knowledge of Credit Union’s status and trends
Attends required classes and seminars to maintain current knowledge of all BSA and Business Account related regulations
Adheres to all compliance programs, including but not limited to, completion of all required and assigned training modules by established due dates
Backup to the department staff when necessary
Qualification
Required
Knowledge of all BSA, AML/CIP/OFAC and USA Patriot Act regulations
Excellent analytical, problem-solving, and organizational aptitude
Excellent verbal and written communication skills
Excellent interpersonal skills
Excellent computer skills including proficiency in Microsoft Office
Ability to deal professionally with clients, interdepartmental and external representatives
Ability to maintain client confidentiality
Minimum three years' experience in the Bank Secrecy Act compliance preferably in a lead capacity
Bachelor's degree or related experience
One year of relevant professional-level work experience may be substituted for one year of required education
Preferred
Certified Anti-Money Laundering Specialist (CAMS) or similar certification
Company
Kinecta Federal Credit Union
Headquartered in Manhattan Beach, California, Kinecta Federal Credit Union is one of the country's largest credit unions, with assets of $6.8 billion and more than 270,000 members from coast to coast.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Keith Sultemeier
Chief Executive Officer
Jason Pendergist
Chief Lending Officer
Recent News
2025-03-09
Business Wire
2024-04-11
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