Bank Secrecy Act Specialist

BSA Specialist Job Summary: Incumbent is responsible for assisting the Compliance team with administration of the Bank Secrecy Act (BSA), Office of Foreign Assets Control, Anti-Money Laundering, Member Identification program, and overall credit union compliance in these areas. Conduct timely investigations into fraudulent activity to mitigate loss/inconvenience to the credit union and/or its members.

BSA Specialist Qualifications:

Two-year college degree or completion of specialized training and/or certification in Compliance. Minimum of three (3) years of working in the banking industry or related equivalent field. Must possess a valid driver’s license with an acceptable three (3) year driving record preferred.

Essential Elements of the BSA Specialist:

1. Maintain a positive and professional image of self and the Credit Union.
2. Provide accurate, timely, and courteous service to our members by providing efficient assistance in answering questions and providing professional services.
3. Review and work cases in the BSA/AML software (currently Verafin)
4. Investigate and complete Suspicious Activity Reports (SARs).
5. Review and submit Currency Transaction Reports (CTRs).
6. Perform daily reviews, monitoring and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determine if transactions are suspicious in nature, such as kiting, significant changes in balance, cash structuring in deposits, loan payments, share certificates, wire or ACH transfers, monetary instrument sales, new account openings, etc.
7. Active member of SAR committee to determine if filing a SAR or Elder Abuse report is required.
8. Maintain the highest level of confidentiality of member information including but not limited to information pertaining to BSA, share/account information, and transaction information.
9. Assist with Vendor Due Diligence program as needed and ensure new contracts are scanned into Synergy (document management system).
10. Assist with gathering information for subpoenas.

Additional Job Requirements:

1. Actively participate in NCUA audits and external audits as required.
2. Actively participate in seminars/training and workshops as required.
3. Update policies and procedures as necessary.
4. Other administrative duties as assigned by the Compliance Officer and/or Compliance Manager to meet department goals.

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Paid Short & Long-Term Disability insurance
• Health insurance
• Paid Life insurance
• Paid time off
• Paid Vision insurance
• Loan rate discounts
• Sick Time
• Paid holidays (Federal holidays observed)
• No nights/no weekends
• Personal Time
• Competitive pay

MidWest America Federal Credit Union is an Equal Opportunity Employer.