BSA AML Compliance Officer

Protect the Credit Union and its members by managing Bank Secrecy Act/Anti-Money Laundering (BSA/AML) risk.  Assist the BSA AML Manager perform various quality control reviews and monitoring in the area of Bank Secrecy ACT, USA PATRIOT Act, Anti-Money Laundering, OFAC, Customer Identification Program (CIP) and Red Flags Resolution procedure compliance using industry standard and regulatory guidance sampling methods to ensure the Credit Union’s compliance efforts are maintained on a daily basis.  Complete operational tasks such as: filing CTRs and SARs and the initial and annual review of CTR Exemptions with Financial Crimes Enforcement Network (FinCEN) according to BSA AML guidelines, review and analyze AML software generated alerts as well as branch filed CTRs and SARs for accuracy and government reportable activity, review and analyze the membership and International ACH Transfer (IAT) files OFAC screening results, perform High Risk Reviews, assist in the SAR escalation process, process 314(a) & 314(b) requests, records subpoenas & law enforcement requests for supporting documents, assist branch personnel with any and all BSA/AML/OFA/CIP/Red Flags questions, and other duties as assigned.  Assist fraud investigators with analyzing and investigating alleged & identified fraud; supporting administration of requirements set forth in the Credit Union’s Identity Theft Program (ITP) and Red Flags Resolution policies and procedures, conducts research, gather information, and analyze data. 

1. Assist with administration of Credit Union BSA/AML program.

• Assist with reviews, analyze transactions and reports related to the CU’s BSA AML program.
• Review CTR/SAR documents for completeness and accuracy and correct errors as needed.
• Review and analyze appropriate accounts to be included on the CTR Exemption list and perform annual reviews of exempted accounts and file appropriate forms with FinCEN.
• Research and analyze account transactions.
• Prepare narrative comments, summarize results of reviews, and submit SAR alerts for review.
• Provide necessary documentation to requests from federal and local law enforcement.
• Forward CTRs to proper government agencies in the manner and timeframe required.
• Understand what and when information can be released to law enforcement agencies.
• Gather supporting documentation that may be requested by examiners, consultants and internal auditors.
• Assist with developing and administering training programs related to BSA AML programs for Credit Union staff.
• Conduct biweekly screening of membership base against the 314(a) lists and respond appropriately to positive findings.
• Clerical duties associated with BSA i.e. Imaging documents, filing, collecting training stats.

2. Assists with Credit Union OFAC Program.

• Understand the OFAC regulation.
• Conduct daily OFAC analysis of membership base, applications and IATs.
• Perform research on OFAC SDN alerts.
• Conduct OFAC analysis of all wire transactions.

3. Analyze new and pending regulations which directly affect Credit Union practices in the area of Identity Theft and Red Flags Resolution.

• Draw valid conclusions from new regulations.
• Stay informed of developments and changes with Identity Theft guidance.
• Implement new regulations into CU procedures and policy if required.
• Develop and implement processes and procedures that will ensure the CU is in compliance with Identity Theft regulations.

4. Responsible for establishing effective business relations with members, law enforcement, court, and related professionals.

• Represent the Credit Union and acts as a liaison with various legal and professional organizations and agencies.
• Respond to questions and information needs. Provide assistance as needed.
• Maintain the Credit Union's professional reputation. Maintain appropriate levels of confidentiality.

5. Responsible for establishing and maintaining effective communication and coordination with Credit Union personnel and with management.

• Assist and support Credit Union personnel with fraud and BSA AML related questions.
• Assists BSA AML Department personnel.
• Keep management informed of area activities and of any significant problems.
• Attend and participate in meetings and committees as required.
• Provide direction & guidance to employees on appropriate action for high-risk accounts.

6. Provides assistance to Credit Union fraud Investigators when needed.

• Review and analyze data and gather information discovered to confirm fraud incidents and identify alleged suspects. Gather facts and information and assists investigators to research suspected incidents of fraud.
• Present results of analysis and fraud investigations to law enforcement agencies when needed.
• Complete related documentation and reports, including those necessary to meet compliance issues.
• Makes necessary adjustments to members' accounts and assists members in rectifying accounts.
• Research, review and analyze data from digital camera systems (March Networks)
• Able to establish cases on AFCU’s CaseTrac System.

7. Provide appropriate resolutions to Identity Theft Red Flags and Social Security Number (SSN) discrepancies.

• Is knowledgeable about AFCU’s Red Flag Resolution Procedure.
• Able to answer employee questions about appropriate Red Flags resolutions.
• Research, investigate, and analyze cases of unresolved Red Flags and instances of SSN discrepancies.
• Use appropriate investigative techniques and resources to determine level of risk and determine necessary actions in event of legitimate fraud/identity theft.
• Track cases, code/restrict accounts, contact members and mail letters to obtain appropriate resolutions. Refer accounts to
• Collections or have accounts closed when appropriate.
• Oversee the SSA-89 process in support of AFCU lending staff.

8. Responsible for reviewing and resolving eOscar identity theft alerts.

• Review eOscar identity theft alerts as they come in.
• Investigate and analyze any supporting documentation that accompanies alerts.
• Determine validity of identity theft claims.
• Establish cases for valid identity theft claims.
• Resolve alerts according to procedures and guidelines.

9. Responsible for related duties as required or assigned.

• Stay informed of developments in the BSA AML field and related legal changes.
• Keep work area clean, secure, and well maintained.
• Complete special projects as assigned.
• Provide suggestions for improved BSA AML or fraud policies and procedures.

#IND21

Training/Education/Certification:

• Bachelor’s degree required and/or 2 years Credit Union experience.
• CAMS (Certified Anti-Money Laundering Specialist), Certified BSACS (Bank Secrecy Act Compliance Specialist), CUCE (Credit Union Compliance Expert) preferred.

Required Knowledge:

• Strong knowledge of related laws and regulations, USA PATRIOT Act, Bank Secrecy Act, OFAC Regulations, and Fair Credit Reporting ACT/NCUA §717 Subpart J
• Comprehensive understanding of Credit Union policies and procedures.
• Knowledge of Credit Bureau Reports.
• Knowledge of LoanPro software.

Experience Required:

• 7+ years of related experience in financial setting
• Computer Skills should include Excel, Word, On Demand, and Imaging

Skills/Abilities:

• Able to learn & operate AML software system.
• Excellent oral and written communication skills.
• Professional and tactful.
• Persistent, able to work in stressful situations.
• Attentive to detail.
• Ability to assist others.
• Must be able to work flexible hours.
• Able to operate PC, 10-key, phones, and other basic business machines.