Address
Form of workSchedule: Hybrid, M-F, 8a.m. - 5p.m. (40 hours)
Summary Objective:
The BSA/AML Specialist is an entry level position primarily responsible to assist and support the Bank Secrecy Act program at DCU by performing analysis of financial transactions to identify unusual activity, filing SARs and CTRs to FinCEN as warranted, ensuring CIP is collected by auditing new personal memberships, and reviewing alerts generated by OFAC scans of individuals and legal entities.
Essential Functions:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Analyze and review potential OFAC matches.
• Perform audits for OFAC scans for shared branch members purchasing negotiables, non-members cashing (item such as a DCU on-us check, Visa cash advance, savings bonds etc.), Treasurer's check payees and Consumer Loan applications.
• Maintain CIP and perform regular audits to ensure all-staff compliance as applies to natural person memberships.
• Analyze anti-money laundering application alerts, internally developed reports and logs, opening cases, and ensuring Suspicious Activity Reports (SARs) are filed when appropriate.
• Analyze daily SMURF report and assure accurate completion and timely filing of all Currency Transaction Reports (CTRs).
• Review monetary instrument logs for potential structuring.
• Perform ACH (key-word) review to help identify transactions possibly tied to inadmissible businesses/activity (e.g. Money Services Business, Internet Gambling, ATM/Debit Card Processors) and Reg GG violations.
• Respond to shared branching inquires.
• Complete all required BSA-related training annually and maintain an ongoing in-depth knowledge of DCU's BSA policies and regulatory requirements.
• Cross train on and support other BSA functions.
• Become proficient in use of anti-money laundering and other BSA/AML vendor applications.
• Make outgoing calls and/or send letters to members as necessary. Take incoming calls from members, front line and back office staff.
• Perform other duties as assigned.
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Job Competencies:
• Flexibility
• Interpersonal
• Planning/Organizing
• Adaptability
• Dependability
Education and Experience Requirements:
• Two years-experience in BSA/AML related preferred or DCU employees with two years of Account Opening and OFAC scanning experience
• ACAMS or comparable certification (preferred)
Additional Eligibility Requirements:
• Excellent communication and presentation skills
• Proficient in use of Microsoft Office
• Excellent writing skills
• Ability to handle multiple priorities
• Excellent organizational skills with attention to detail
Supervisory Responsibility:
This position has no supervisory responsibility
Work Environment:
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones photocopiers/scanner, and Microsoft Office tools.
Physical Demands:
The physical demands described herein are representative of those that must be met by an employee to successfully perform the essential functions of this job. The environmental factors and/or physical requirements of this position include the following: While performing the duties of this job, the associate is required to have ordinary ambulatory skills sufficient to visit other locations; and the ability to stand, walk, stoop, kneel, crouch, and manipulate (lift, carry, move) light to medium weights of 10-50 pounds. Requires good hand-eye coordination, arm, hand and finger dexterity, including ability to grasp, and visual acuity to use a keyboard, operate equipment and read application information. This is a largely sedentary role. The associate frequently is required to sit, reach with hands and arms, talk and hear.
Travel:
Independent daily travel to and from the main office location is required of this position as well as the ability to get to and from local conference locations.
Service Excellence: The DCU Way
All employees are expected to provide service excellence the "DCU Way: through teamwork and by providing quality service to internal and external members, incorporating the Guiding Principles of DCU's culture:
• People come first
• Do the right thing
• Make a difference
Bank Secrecy Act (BSA):
All Credit Union employees are required to complete all BSA related training annually and maintain knowledge of current BSA policies, specifically those related to functions performed within the department and identify and report possible suspicious activity
We are proud to be an EEO/AA employer M/F/D/V.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Summary Objective:
The BSA/AML Specialist is an entry level position primarily responsible to assist and support the Bank Secrecy Act program at DCU by performing analysis of financial transactions to identify unusual activity, filing SARs and CTRs to FinCEN as warranted, ensuring CIP is collected by auditing new personal memberships, and reviewing alerts generated by OFAC scans of individuals and legal entities.
Essential Functions:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Analyze and review potential OFAC matches.
• Perform audits for OFAC scans for shared branch members purchasing negotiables, non-members cashing (item such as a DCU on-us check, Visa cash advance, savings bonds etc.), Treasurer's check payees and Consumer Loan applications.
• Maintain CIP and perform regular audits to ensure all-staff compliance as applies to natural person memberships.
• Analyze anti-money laundering application alerts, internally developed reports and logs, opening cases, and ensuring Suspicious Activity Reports (SARs) are filed when appropriate.
• Analyze daily SMURF report and assure accurate completion and timely filing of all Currency Transaction Reports (CTRs).
• Review monetary instrument logs for potential structuring.
• Perform ACH (key-word) review to help identify transactions possibly tied to inadmissible businesses/activity (e.g. Money Services Business, Internet Gambling, ATM/Debit Card Processors) and Reg GG violations.
• Respond to shared branching inquires.
• Complete all required BSA-related training annually and maintain an ongoing in-depth knowledge of DCU's BSA policies and regulatory requirements.
• Cross train on and support other BSA functions.
• Become proficient in use of anti-money laundering and other BSA/AML vendor applications.
• Make outgoing calls and/or send letters to members as necessary. Take incoming calls from members, front line and back office staff.
• Perform other duties as assigned.
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Job Competencies:
• Flexibility
• Interpersonal
• Planning/Organizing
• Adaptability
• Dependability
Education and Experience Requirements:
• Two years-experience in BSA/AML related preferred or DCU employees with two years of Account Opening and OFAC scanning experience
• ACAMS or comparable certification (preferred)
Additional Eligibility Requirements:
• Excellent communication and presentation skills
• Proficient in use of Microsoft Office
• Excellent writing skills
• Ability to handle multiple priorities
• Excellent organizational skills with attention to detail
Supervisory Responsibility:
This position has no supervisory responsibility
Work Environment:
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones photocopiers/scanner, and Microsoft Office tools.
Physical Demands:
The physical demands described herein are representative of those that must be met by an employee to successfully perform the essential functions of this job. The environmental factors and/or physical requirements of this position include the following: While performing the duties of this job, the associate is required to have ordinary ambulatory skills sufficient to visit other locations; and the ability to stand, walk, stoop, kneel, crouch, and manipulate (lift, carry, move) light to medium weights of 10-50 pounds. Requires good hand-eye coordination, arm, hand and finger dexterity, including ability to grasp, and visual acuity to use a keyboard, operate equipment and read application information. This is a largely sedentary role. The associate frequently is required to sit, reach with hands and arms, talk and hear.
Travel:
Independent daily travel to and from the main office location is required of this position as well as the ability to get to and from local conference locations.
Service Excellence: The DCU Way
All employees are expected to provide service excellence the "DCU Way: through teamwork and by providing quality service to internal and external members, incorporating the Guiding Principles of DCU's culture:
• People come first
• Do the right thing
• Make a difference
Bank Secrecy Act (BSA):
All Credit Union employees are required to complete all BSA related training annually and maintain knowledge of current BSA policies, specifically those related to functions performed within the department and identify and report possible suspicious activity
We are proud to be an EEO/AA employer M/F/D/V.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
