BSA/AML Analyst

Function Description: Conducts the day-to-day compliance activities for the credit union as they relate to the credit union’s BSA/AML Program. Works with the BSA Manager to ensure that the BSA/AML Program is consistent with executive management’s commitment to maintain a high standard of compliance with all applicable BSA/AML regulations.
Reports to: Sr. Manager – BSA/AML Compliance
Supervisory or Managerial Responsibility: None

Contacts: All Bellco employees and officers, internal and external auditors and vendors

Minimum Qualifications

Education:

High School Diploma required, Bachelor’s degree preferred

Work Experience:

One year of experience working for a credit union or bank involving exposure to consumer compliance issues related to BSA/AML.
Previous audit or quality control review experience preferred.

Special Training, Certification or Licensure

Training in bank/credit union BSA/compliance preferred

Work Environment and Conditions:

Office environment
May necessitate movement to other departments
May require driving a personal or company vehicle in the routine performance of the job, Bellco requires a valid driver’s license and proof of valid insurance.

Essential Responsibilities:

Demonstrates Bellco’s Act Nice Behaviors and Core Values in all interactions with members, prospective members, and personnel in other Bellco departments.

Provide leadership and assistance to other members of BSA team and serve as backup to BSA Manager.
Identify BSA trends and best practices and reputational risks at the earliest possible point to prevent exposure to the credit union. Will oversee reviewing and analyzing Verafin alert and behavior settings to ensure optimal analysis and report, and recommend, best practices to BSA Manager on an annual basis.
Review submitted suspicious activity information form (SIF’s) and open case that are opened for review of suspicious activity. Use sound independent judgment to ensure SARs are filed when appropriate in conjunction with FinCEN guidelines and timeframes. Review SAR’s submitted by Bellco staff for accuracy and ensure they are filed within mandated timeframe.
Serve as Bellco’s 314(b) point of contact and assist BSA Manager with 314(b) requests on behalf of Bellco. Ensure information sharing is compliant with the 314(b) requirements.
Obtain Structuring Report (i.e., a weekly report that shows cash activity that exceeds $10K in a rolling seven-day period) from iDentifi, restructure the report for ease of analysis, add important information from other systems and highlight any obvious structuring activity. If structuring is suspected, ensure that the Compliance Analyst responsible for BSA/AML compliance is notified, and support the investigation and filing process.
Review monthly wire report from WITS for potential suspicious wire activity and any BSA/AML violations.
Review large cash reports and Verafin alerts daily and prepare and submit Currency Transaction Reports (CTR’s) to FinCEN.
Monthly coordination and correspondence with Branch Operations staff of MIP trending reports.
Obtain Monetary Instrument report (i.e., weekly report that logs members who purchase Monetary Instruments in cash with values between $3K - $10K) from iDentifi and restructure the report for ease of analysis.
Monthly quality control review of non-filed case reviews. Ensure that the reasons for not filing are documented clearly. Document the review and results and report any findings to the BSA Supervisor and BSA Officer.
Assist in preparing materials for BSA training, audits and exams.
Performs other related duties as assigned by management.

Skills: Excellent written/verbal communication skills and outstanding problem solving/decision-making skills, Knowledge of BSA/AML and OFAC regulatory requirements, Strong and sound decision making capabilities to understand complex and sophisticated money laundering alerts and investigations.

Core Responsibilities:

Be available to work as scheduled and report to work on time.
Be willing to accept supervision and work well with others.
Comply with all organizational policies, the Employee Handbook, Code of Conduct, and required annual training.
Fosters an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organization.
Adheres to safe working practices and always follows all organizational safety policies and procedures.
Demonstrates compliance with all state, federal and all other regulatory agency requirements.
Ensure strict confidentiality of all records and PII.

Core Values:
BE ETHICAL AND DEMONSTRATE INTEGRITY: Treat others with respect, dignity and” tough love.” It’s about character and influence, not about a title. Be honest and direct. Challenge ourselves and each other to reach our full potential.
BE ACCOUNTABLE: Lead by example. You are the reflection of how you show up. Set realistic expectations. Make good business decisions. Meet commitments. Learn from mistakes.
EMBRACE CHANGE: Develop the individual, improve the team, grow the institution. Encourage and reward creative solutions. Ask impactful organizational questions. Identify the problem to be solved and the desired outcome. Engage others. Believe in what’s possible.
APPRECIATE THE MEMBER: Achieve and retain trusted, valued relationships with members. Listen and identify needs. Prioritize the member experience. Maintain a high level of member satisfaction. Serve the member with pride.
ACHIEVE SUCCESS TOGETHER: Strive for Flawless Execution. Not for the sake of numbers, but for a sense of pride in a job well done. Success favors the prepared. Consistently plan, coach and grow to master our roles. Celebrate our success.
Act Nice Behaviors:
Accept mutual accountability when things go wrong
Acknowledge others’ efforts and thank them
Avoid jumping to conclusions
Be honest, direct, and civil with no hidden agendas
Communicate with others face to face whenever possible
Empathize with others by putting yourself in their shoes
Establish and build relationships into trusted partnerships
Forget the past and avoid holding grudges
Hear individuals out by actively listening to them
Protect and build up each other’s self-esteem
Recognize and reinforce others’ positive actions
Respect each other’s priorities and personal space