Compliance Analyst BSA

If you would enjoy working in a dynamic environment and are looking for an opportunity to become part of a stellar team of professionals dedicated to service, we invite you to apply online today.

SUMMARY

This position is primarily responsible for the performance of duties in response to compliance requirements regarding the USA PATRIOT Act, Bank Secrecy Act (BSA), Financial Crimes Enforcement Network (FinCEN), and Office of Foreign Assets Control (OFAC).

Additionally, this position will work closely with the Director Compliance & BSA Officer regarding the administration of Georgia’s Own enterprise-wide compliance programs

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Perform daily compliance review activities related to the credit union’s BSA compliance program, including the preparation of Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs) and review of alerts, OFAC and FinCEN 314(a) requests.
• Compile data needed to support and prepare all identified SAR’s with FinCEN in collaboration with Georgia’s Own designated BSA Officer.
• Maintain a working knowledge of BSA, AML and OFAC laws, rules and regulations as well as the credit union’s internal Bank Secrecy Policy and other procedures and processes (relating to BSA, AML and OFAC) to ensure that Georgia’s Own complies with these laws, rules, regulations and internal policies, procedures and processes.
• Maintain thorough working knowledge and operating procedures for the credit union’s BSA program and compliance software (Verafin), including any upgrades and ongoing system setup activities to monitor transaction detail throughout Georgia’s Own.
• Monitor transactions initiated by credit union members in accordance with the BSA and the credit union’s policies and procedures to identify suspicious activity.
• Maintain reports of all monitored activity in accordance with the credit union’s record retention policy.
• Serve as an additional point of contact, along with the BSA Officer and BSA Manager for inquiries and / or investigations from Internal Audit, regulatory examiners and law enforcement.
• Other duties as assigned.

EDUCATIONAL AND WORK EXPERIENCE REQUIREMENTS

• A Bachelor’s degree in Finance, Accounting or Business Administration is desired; or the equivalent combination of education and experience.
• Minimum of three years’ experience in BSA compliance is preferred.
• Professional certifications desired for the position include one or more of the following (or other certifications and / or licenses related to business activities of the credit union) :
• BSACS Bank Secrecy Act Compliance Specialist (or equivalent)

ADDITIONAL / IMPORTANT SKILLSETS

• Strong aptitude in researching, analyzing, and identifying transaction patterns that are out of the ordinary and require additional due diligence.
• Working knowledge of the Verafin BSA / AML application is highly preferred.
• Excellent time management skills and the ability to handle multiple tasks simultaneously are required.
• Strict adherence to regulatory time frames and meeting those deadlines with little supervision.
• Proficiency with Microsoft Word, Excel and PowerPoint.
• Effective written and verbal communication skills.
• Perform each essential duty satisfactorily.
11 days ago