WFFCU is currently seeking a full time BSA Specialist for our Operations Department.
Summary
The incumbent will be responsible for executing the day to day tasks associated with departmental operations, with minimal supervision, to ensure compliance with the applicable aspects of the Bank Secrecy Act, USA PATRIOT ACT, OFAC and Customer Identification Program by monitoring activity for potential money laundering, financial crimes and/or terrorist financing.
Essential Duties and Responsibilities
Manages complex cases and reviews involving multiple relationship accounts and complex ownership structures
Assists in the preparation of SARs by writing and providing the BSA Officer with submission-ready documentation and analysis to include a comprehensive narrative fully describing the suspicious transactions in accordance with FinCEN SAR instructions
Reviewing and verifying that all CTRs are completed correctly and prepared for final approval and submission
Reviews manual transaction monitoring logs (Monetary Instrument, Cash, Wire) for completeness and reasonableness
Reviews and dispositions daily OFAC/ Watchlist suspects
Monitors and reviews account activity in identified alerts & cases, and with sufficient research, makes an assessment/recommendation on the proper course of action to management
Performs enhanced due diligence research and/or investigations on new and existing members
Assists in maintaining BSA high risk member files for BSA compliance (ATMs, CIBs, CTR Exempt) including research for required state and federal licensing and registration
Communicates with law enforcement and other financial institutions through the utilization of FinCEN 314(a) & (b) information sharing
Maintain strong and up to date knowledge (functional and operational) of the rules and regulations, including but not limited to, BSA, USA PATRIOT Act, and OFAC as well as the Credit Union policies and procedures
Provides feedback to the BSA officer in regards to administering the BSA/AML program to refine and tune the alerts generated
Assists in the development, coordination, and facilitation of training programs to educate bank personnel about BSA related compliance requirements and procedures
Assists BSA officer in other daily operations and may serve as back up when needed
Back up to other BSA staff and Fraud Officer when necessary
Promote overall BSA Compliance by adhering to all BSA and OFAC Regulations specific to job function and by assisting BSA Department as necessary with any departmental function specific items.
Qualifications/Requirements
Proficient Knowledge of Bank Secrecy Act/Anti Money Laundering/U.S. Patriot Act, OFAC Regulations. Enhanced knowledge and understanding of bank deposit operations, lending activities, and other related consumer banking and compliance functions.
Proficient in Microsoft Office Suite (Word, Excel).
Strong decision making, analytical and investigative abilities with attention to detail and accuracy.
Strong interpersonal, communication (written and verbal), and organizational skills with the ability to work independently, as well as, collaboratively within a team environment.
Ability to interact effectively with all levels of management, regulators and examiners while maintaining strict confidentiality.
Ability to read, analyze, and interpret written and oral instruction.
Ability to proactively identify and assess potential concerns and risks
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Thorough knowledge of regulations and procedures affecting credit union security and compliance
Understanding of legislative and regulatory processes
Ability to maneuver through multiple systems and programs to gather data needed for research
Education/Training Experience
Associates degree or equivalent experience; specialized credit union compliance and security education/training. A minimum of three (3) to five (5) years experience in related positions required. BSA/AML Certifications preferred.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to use hands to finger, handle or feel; reach with hands and arms; and talk or hear. The employee is frequently required to be sitting at a desk. The employee is occasionally required to stand or walk. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and ability to adjust focus.
Work Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
The noise level in the work environment is usually low to moderate.
