BSA Analyst

Location
Herndon, Virginia
Posted
Dec 08, 2022
Closes
Jan 04, 2023
Ref
2196
Function
Analyst
Hours
Full Time
Overview

Responsible for assisting with anti-money laundering compliance initiatives by providing support to the credit union's BSA department on BSA/AML/OFAC related issues.

Responsibilities

  • Performs member and transaction analysis to identify trends and possible patterns of suspicious activity, including but not limited to information from the following sources: BSA monitoring system, reports, branch referrals, new accounts, subpoenas, and 314(a) requests
  • Conducts additional suspicious activity report investigations, high risk customer/account reviews, enhanced due diligence reviews, and recommends when to file Suspicious Activity Reports (SARs)
  • Assists in the preparation and submission of all Currency Transaction Reports (CTRs) within required timeframes
  • Reviews and clears OFAC alerts generated by the Credit Union's systems
  • Assists in the development, coordination, and facilitation of training programs to educate credit union personnel about BSA related compliance requirements and procedures
  • Assists in the preparation of the BSA Risk Assessment on an annual basis
  • Provides support to the Branches and Operations Support with BSA related questions
  • Maintains files and records on cases for audit and regulatory review
  • Maintain current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations
  • Performs other related duties as assigned. Management reserves the right to change or modify the functions of this job as required to meet the needs of the credit union
  • Remains cognizant of and adheres to NWFCU policies and procedures as well as regulations pertaining to the Bank Secrecy Act (BSA)

Qualifications

  • Moderate knowledge of federal banking BSA related laws and regulations governing financial institutions
  • 4+ years of experience in consumer banking, BSA compliance, or related role
  • High degree of initiative, results-oriented and able to work independently with little supervision
  • Strong organization skills, ability to learn quickly, and accurately and timely complete tasks
  • High level of personal integrity, and ability to professionally handle confidential matters
  • Must be able to identify potential concerns and risks through analytical thinking
  • Strong, verbal and written communication skills
  • Must be able to work in a fast paced environment with demonstrated ability to juggle multiple competing tasks and demands
  • Bank Secrecy Act certification (If none will be required to obtain certification within two (2) years of hire)

EEO Notice

Northwest Federal Credit Union is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.

NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Department at 703-709-8900 or HRDepartment@nwfcu.org.