Bank Secrecy Act Analyst I Gulfport 5019 bei Kaisers-Federal Credit Union

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Job Title: BSA Analyst I
Department: Financial Crimes
Reports to: Financial Crimes Team Lead
FLSA: Non-Exempt 

Job Summary:
Ensures compliance with the Bank Secrecy Act (BSA) and anti-money laundering (AML) regulations. This position involves advanced analysis and monitoring of financial transactions to detect and report suspicious activities, helping to safeguard the organization against financial crimes.

Supervision Responsibilities:
None

Essential Functions:
• Review and analyze member transactions and account activity for signs of suspicious or potentially fraudulent activity in accordance with Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations, CTR’s, BSA Alerts, and Watchlist. Make decisions on appropriate action to take regarding the need for potential further investigation.
• Conduct comprehensive CDD investigations to assess the risk associated with new and existing members, including identifying politically exposed persons (PEPs) and high-risk customers.
• Coordinate and participate in the process for data extraction, analysis, and preparation of the OFAC and SDN contents update for Credit Union watch-lists.
• Review and analyze any OFAC/PEP related requests and respond in a timely fashion.
• Detect potential screening gaps for businesses reviewing their respective screening configurations.
• Utilize various analytical tools and software to identify patterns, trends, and anomalies in financial data that may indicate potential financial crimes.
• Maintain detailed record/notes of investigations, findings, and actions taken, ensuring compliance with record-keeping requirements with-in the operating system.
• Work closely with other departments but not limited to, Compliance, Fraud, and Retail Support agencies.
• Stay updated on relevant BSA/AML laws, regulations, and industry best practices, and
• provide training to colleagues as needed.
• Responsible for compliance with all Federal regulations including Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC)

Other Duties as Assigned:
• Aids in areas required to maintain a productive and high level of quality member service.
• Maintains a current working knowledge of various fraud trends and new detection techniques.
• Other duties as may be assigned.

Knowledge & Skills
To perform this job successfully, an individual must be able to perform each essential
duty satisfactorily. The requirements listed below are representative of the knowledge,
skills and/or abilities required. Reasonable accommodations may be made to enable
individuals with disabilities to perform the essential functions.

Education:
• A high school education or GED required.

Experience and Other Requirements:
• Two or more years of financial institution experience preferred.
• Knowledge of BSA, AML, and USA PATRIOT Act regulations.
• Strong analytical skills and attention to detail.
• Must possess excellent interpersonal skills in working with Members and co-workers.
• Excellent communication skills, report-writing, and verbal, to effectively convey findings and recommendations.
• Accuracy and attention to detail required.
• Acknowledge, investigate activity, and update members information within CTR and submit to Financial Crimes BSA II for further review.
• Must possess the ability to prioritize tasks and handle multiple projects simultaneously.
• Strong organization skills required.
• Must be able to make informed decisions that demonstrate good judgment.
• Weekend and after-hours work may be required
• Other duties as may be assigned.
• Certification with Cuna- BSACS must be completed within one year of obtaining position.

Interpersonal Skills:  Courtesy, tact, and diplomacy are essential elements of the job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.

Computer Skills:
• Experience with personal PC with proficiency in word processing and spreadsheet software.
• Experience with Symitar and Verafin financial institution software preferred.

Certificates, Licenses and Registrations:  None

PHYSICAL DEMANDS
The physical demands described her are representative of those that must be met by an individual 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 individual is regularly required to sit for extended periods of time; stand, walk, talk and hear; reach with hands and arms; use hands to finger, handle, feel or grasp. The individual is occasionally required to stoop, crouch, or bend at the waist and lift and/or move up to 10 pounds.

WORK ENVIRONMENT
The work environment characteristics described here are representative of those that must be met by an individual to successfully perform the essential function of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Extensive use of desktop computer and telephone is required. The noise level is that of a normal office environment.

DECLARATION
The Human Resources Department retains the sole rights and discretion to make change to this job description.