Bsa Aml Analyst

Come join our GTE Financial team!
We are looking for an organized, professional, strategic individual to join as a BSA AML Analyst I. The BSA AML Analyst I is responsible for analysis, investigation, reporting and resolution of various types of activity including, but not limited to: money laundering, structuring, fraud/forgery, identity theft, loan fraud, check fraud, plastic card fraud and other types of suspicious activity. The BSA/AML Analyst I is expected to make informed decisions within his or her scope of authority that reflect mature judgment and practical reasoning with emphasis placed on regulatory compliance, risk mitigation and fraud / loss prevention. The BSA/AML Analyst I is expected to possess thorough and practical knowledge of the Bank Secrecy Act, the FACT Act, the USA Patriot Act, Federal Regulation CC, Federal Regulation E and applicable VISA/MasterCard Rules. The BSA/AML Analyst I is expected to take appropriate actions to file required reports within specified time frames, mitigate risk, minimize loss and protect the interests of the credit union and its members.
What does GTE look for in a BSA AML Analyst I?
BSA AML and OFAC DUTIES:

• Analyzes account activity for the purposes of identifying and reporting Suspicious Activity. Alerts may come from a variety of sources including (but not limited to) AML software, credit union employees, law enforcement, and third-party service providers.
• Creates and files Suspicious Activity Reports (SARs), as necessary. Performs analysis on all accounts reviewed, including those cases which do not result in a SAR filing, and documents findings.
• Monitors and reviews account activity for the purposes of identifying and reporting cash transactions that exceed $10,000 within a single business day and/or that would otherwise require a Currency Transaction Report (CTR). Creates and files CTRs, as necessary. Monitors account activity to determine when/if a CTR filing exemption would be warranted. At least once bi-annually reviews and evaluates exempted accounts to determine whether the exemption remains warranted.
• Reviews and responds to requests from government and law enforcement agencies as permissible under USA Patriot Act, Section 314a; ensures that responses are completed and delivered within prescribed deadlines.
• Reviews and responds to requests from participating financial institution or other eligible agencies as permissible under USA Patriot Act, Section 314b.
• Responds to law enforcement requests for SAR documentation, as permissible.
• Responds to third party and regulator requests for information related to audits or independent testing.
• Ensures applicable member and other name records are screened against government (OFAC) watch lists periodically and as required by law. Acts to resolve potential and confirmed true matches when and if these should occur.
• Performs review and risk rating of member accounts bi-annually; factors such as occupation, geographic location, and account type are considered.
• Participates at least once annually in a BSA/AML and OFAC training/educational opportunity for both personal and professional development with emphasis placed on new and emerging trends and changes in statutory and/or regulatory requirements.
• Monthly, collects and maintains a listing of monetary instruments purchased with cash in amounts between $3,000 & $10,000.
• Performs review of member accounts and relationships for potentially reportable suspicious activity following receipt of a Grand Jury subpoena; notice of subpoena is provided by the Legal/Compliance team. When applicable, cases are created, and decisions are documented in AML software.
• Performs daily audit on a sampling of new accounts (may also include loan applications and changes made to existing accounts) for Customer Identification Program / Know Your Customer (CIP/KYC) compliance. Audit also includes review of customer due diligence and enhanced due diligence responses. Sample accounts include consumer, business and organizational accounts.
• Periodically reviews and makes updates to BSA/AML and OFAC Risk Assessment.

• Independently performs in-depth analysis and investigation of member account activity, automated reports and or third-party software for the purposes of detecting and reporting suspicious activity.
• Provide guidance on BSA/AML, OFAC and related matters to both internal and external customers.

• Supports all investigations by adding thorough and detailed case notes. Notes must reflect a professional tone and must be factual statements.
• Supports efforts to detect, prevent and/or minimize fraud losses by collecting and retaining data / analytics related to any / all investigations performed.

• Periodically (and at least once annually) conducts a review of BSA/AML and OFAC procedures; recommends and/or makes changes to procedures and presents to management for review and approval.
• Periodically (and at least once annually) conducts a review of BSA Policy #10000 - Bank Secrecy Act and recommends changes and/or updates to management.

Skills:

• Consistently demonstrates excellent and professional communication, interpersonal and organizational skills. Consistently communicates effectively with business partners, staff and members. Consistently demonstrates a commitment to supporting a team environment that is effective, efficient, positive and professional.
• Maintains ongoing communication with supervisor/manager informing him/her of all pertinent problems, irregularities, developments and / or other important information that may have an impact upon the supervisor/manager's area of responsibility.
• Ensures and maintains the highest level of confidentiality in all matters related to his or her job function(s).

Operational:

• Ensures compliance with and the ability to effectively apply knowledge of the Bank Secrecy Act, USA Patriot Act, FACT Act, and all other applicable federal, state or local laws and regulatory requirements. Thoroughly understands credit union and departmental policies and procedures.
• Prepares monthly GL reconciliations, as applicable
• Performs all other related duties as directed or assigned. Assists in special projects as requested.
• Must demonstrate a functional knowledge of the Bank Secrecy Act in addition to other Federal laws, including but not limited to U.S. Patriot Act, Office of Foreign Assets & Control, Anti-Money Laundering, Right to Financial Privacy Act, and the Bank Bribery Act.
• Bilingual preferred (English/Spanish).

Required Qualifications:

• 2 years BSA/AML experience (specific to suspicious activity reporting) required.
• 2 years fraud prevention experience required.
• BSA/AML and fraud experience may have been earned simultaneously.
• Undergraduate Degree from an accredited college or university or a High School Diploma (or equivalent) with 4 years of applicable work experience in BSA/AML or Fraud Prevention
• Project management experience desired

Position Details:

• Location: Downtown Tampa - GTE Headquarters
• Department Hours: Monday- Friday (8:00 am to 6:00 pm) // Saturday (9:00 am to 1:00 pm)
• Full-time hours required, with additional hours as necessary to accomplish objectives, goals, and projects.
• Work arrangement (in-office, hybrid, or remote) may be changed at any time by management with appropriate notice if possible.

GTE was named as one of Tampa's Top Workplaces!
Come and join our award- winning team.
GTE Financial is an Equal Opportunity Employer.
Note: The above statements describe the general nature and level of the work being performed and are not an exhaustive list of all responsibilities of an employee in this job. GTE Reserves the right to revise or change job duties at any time as directed by management. Furthermore, they do not establish a contract for employment and are subject to change at the discretion of the employer.