Bank Secrecy Act - AML Specialist en BLACK HILLS FEDERAL CREDIT UNION

Description

Who We Are

We have the fundamental belief that we, as an organization, can and will improve lives. Rooted in the centuries-old credit union philosophy of people helping people, we maintain a simple premise. Those we interact with will receive equal and just treatment, devoid of intolerance, false judgment, racism, or discrimination of any kind. We must not accept less if we are to fulfill our mission, "We Improve Lives." This mission empowers us to serve the greater good and to make a difference in our world. Our cooperative structure creates a cycle of mutual assistance towards the common goal of the financial well-being of members.

At Black Hills Federal Credit Union (BHFCU), we’re committed to improving the lives of our members every day, and we look for people who share that passion. Don’t have a ton of financial industry experience? No problem. Our onboarding includes an orientation program with ongoing training to help staff further their career at BHFCU by building on their existing strengths.

General Purpose: Responsible to perform the necessary functions to support and maintain BHFCU’s regulatory, legal, and policy compliance, primarily relating to the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations.

Essential Duties/Responsibilities:

• Review and file Currency Transaction Reports (CTRs), maintaining a thorough knowledge of regulatory requirements, including the proper completion of related form and submission with required deadlines.
• Review and investigate account activity, software alerts, and staff referrals for potential suspicious activity, such as money laundering and other illicit financial behavior.
• Support the process to review and file regulatory reports including Suspicious Activity Reports (SARs).
• Evaluate member documentation and account activity to determine risk level and perform enhanced due diligence on higher-risk accounts.
• Track and resolve identified compliance issues to completion to ensure continuous improvement in compliance practices.
• Assist with internal and external audits, regulatory examinations, and compliance reviews to ensure adherence to all relevant compliance standards.
• Act as a resource to BHFCU colleagues for questions and coaching related to BSA-AML processes.

Other Duties/Responsibilities:

• Maintain a good understanding of the BSA/AML regulations and FinCEN Guidelines required to detect current money laundering and fraud schemes.
• Must be able to carry out these responsibilities in a confidential, professional, and ethical manner.
• Perform other duties as assigned.

Job Knowledge:

• Working knowledge of laws and regulations related to the credit union.
• Working knowledge of Credit Union policies, service philosophy, and systems.
• Working knowledge of Credit Union teller processes, procedures, and systems.

Job Qualifications (Skills):

BHFCU is committed to working with its employees to reasonably accommodate them with the physical aspects of the position.  The following list outlines the physical considerations that are normally encountered in this job.

• Vision: A sighted person to handle cash transactions and verify financial transactions.  Ability to complete necessary paperwork.
• Speech/Hearing: Ability to communicate verbally and in writing with staff, members and vendors.
• Manual Dexterity: Ability to perform necessary computer-related input.
• Physical Mobility: Limited mobility required. 

Job Qualifications (Ability):

• Ability to understand and follow moderately complex written and verbal instructions and disseminate that knowledge in a clear and understandable format to others.
• Ability to express oneself clearly and concisely, both verbally and in writing.
• Ability to interact positively with co-workers, management, and the public to promote a team effort and maintain a positive attitude.
• Ability to produce a high volume of work in a timely manner that is accurate, complete, and of high quality.
• Capable of preserving confidential or sensitive information.
• Effective time management, organization and multi-tasking skills.
• Strong analytical and problem-solving skills, with ability to gather, organize and interpret data and/or information, and formulate independent preliminary conclusions.

Job Qualifications (Education/Experience):

Education: One year of experience in financial services, compliance, or related field. High school graduate or equivalent GED.

Working Conditions:

Material and Equipment Involved

• Personal Computer
• Presentation Aids
• WebEx
• Various Software Applications
• Microsoft Word Suite

Work Environment/Physical Activities

Occasional travel to one of BHFCU’s branch locations or attendance at community events may be required.

Physical Requirements

Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 5 lbs. Must be capable of climbing/descending stairs in emergency situation. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day. Must be able to work extended hours whenever required or requested by management. Must by capable of regular, reliable and timely attendance.

Working Conditions

Must be able to routinely perform work indoors in climate-controlled shared work area with moderate noise.

Mental and/or Emotional Requirements

Must be able to perform job functions with supervision and work effectively either on own or as part of a team. Must be able to read and carry out various instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be able to perform basic mathematical calculations with extreme accuracy. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines/requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on confidential matters.

Notice:  This job description is not intended to be, nor should it be construed as, a contract or guarantee of employment.  Black Hills Federal Credit Union adheres to all federal and state labor laws regarding termination and probationary periods.  This position is also subject to all the personnel policies of Black Hills Federal Credit Union.  Changes may be made to this job description at any time by the President.  Black Hills Federal Credit Union is an equal opportunity employer.

Black Hills Federal Credit Union is an equal opportunity employer. All applicants will receive consideration without regard to age, race, color, sex, sexual orientation, genetic information, religion, national origin, disability, veteran status, or any other status or condition protected by state or federal law. BHFCU will provide reasonable accommodation to qualified persons with a disability but who are otherwise able to perform the essential functions of the job.

Qualifications