BSA Analyst II at Teachers Federal Credit Union
Teachers Federal Credit Union · Hauppauge, United States Of America · Onsite
- Professional
- Office in Hauppauge
Join Our Team
For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America’s Best-In-State Credit Unions in 2025, Teachers has grown into one of the nation’s leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work. From part-time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities.
Summary:
The BSA Analyst II is responsible for supporting key functions of the BSA/AML & OFAC compliance, including BSA/AML transaction monitoring, AML case investigations, AML and OFAC alerts clearing, SAR writing and filing, CTR processing, and other compliance program functions.
Education and/or Experience:
Bachelor’s degree or a minimum of eight years directly related experience required
Minimum three years of BSA/AML experience required, with experience reviewing AML & OFAC alerts, investigating cases, and developing recommendations
Working knowledge of the Bank Secrecy Act, the USA Patriot Act, Office of Foreign Asset required
Financial crimes certifications or able to complete certification within first year of employment (e.g., ACAMS, CAFP, ACSS, etc.)
Excel, Word, PowerPoint and project-related tools (SmartSheet)
Verafin preferred
Core customer information system experience (Fiserv/DNA) preferred
WirExchange experience preferred
Skills:
Strong analytical and critical thinking skills
Ability to multi-task and work in a fast-paced, ever-changing environment
Research skills, including conducting open source/internet research using a variety of sites and methods
Control regulations, strategies and federal regulatory enforcement policies
Job Responsibilities:
Conducts complex case and Continuing Activity Reviews, completing Suspicious Activity Reports and presenting at SAR Committee for discussion.
Compiles information and statistics for report use
Supports the process to prepare, review and submit Currency Transaction Reports (CTRs) within required timeframes, including performing secondary reviews to ensure completeness, accuracy and timely submission.
Escalates potentially unusual or suspicious activity, or potential OFAC/sanctions issues
Provides subject matter expertise and guidance to business and operations teams on BSA/AML and OFAC policies and procedures
Monitors accounts and researches complex transactions for indicators of unusual or suspicious activity
Leverages understanding of suspicious activity scenarios and automated alert and case management systems to complete alert and case investigation
Participates in SAR Committee discussions and prepares SAR narratives for filing
Supports quality assurance activities, including remediating identified gaps, developing training and guidance, and other actions as needed to improve quality of alert and case products.
Researches, resolves and conducts AML investigations on alerts
Reviews OFAC alerts and cases, applying understanding of sanctions regulations and reporting requirements, and escalating for action
Supports compliance with 314(a) and 314(b) (PATRIOT Act) information sharing responsibilities and responds to subpoena and law enforcement inquiries
Supports reviews of customer accounts to comply with CDD/EDD program requirements
Identifies and reports on changing trends in anti-money laundering, staying informed on industry best practices, emerging risks, and changes to applicable BSA/AML and banking regulations.
Performs other duties as assigned
Benefits of Joining the Teachers Team:
We provide a competitive compensation and benefits package that includes, but is not limited to:
Paid time off for vacation, personal days, and holidays
Fully-funded pension plan
401(k) company contribution
Teachers pays 100% of Dental & Vision premium
Tuition reimbursement is offered to full-time employees
Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers
The good faith range for this position is $31.50 to $37.50 hourly. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.
All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility.
To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers
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