BSA Specialist

Company: Credit Union 1
Location: Henderson
Posted on: May 28, 2023

Job Description:

Credit Union 1 is Recognized as a Chicago Tribune and Las Vegas Review-Journal Top Workplace 2022We are excited to announce that Credit Union 1 has been recognized as a Chicago Tribune and Las Vegas Review-Journal Top Place to work for the second year in a row! The Top Workplaces explore how organizations create and sustain a positive and productive work culture. A great culture is important to Credit Union 1 and our culture is made up of more than great benefits and time off.Join the Credit Union 1 TeamIf you are highly motivated, friendly, and looking for a great place to work, join the Credit Union 1 team. As an employee of Credit Union 1, you will be part of a well-established and respected credit union that offers you amazing benefits, along with both stability and the opportunity for a great career path.Top reasons to begin a career at Credit Union 1:Get paid for NOT working 13 holidays each year!Paid Time Off (PTO) begins accruing day one of employmentTuition reimbursement for approved courses (after 1 year)Free Employee Assistance Program (EAP)Livongo Diabetes Management ProgramCareer growth opportunities it's our philosophy to promote from within whenever possible. Credit Union 1 is committed to your success and professional development.Excellent benefits packages including:Medical PPO insuranceHigh Deductible Health Plan (HDHP) and Health Savings Account (HSA)Dental & vision insurance (employee coverage 100% company paid)Life, AD&D, short and long-term disability insurance (100% company paid)401(k) retirement and profit-sharing planBeing part of a team providing services with the goal of improving the ongoing economic well-being of our members.The Job at a GlanceThe BSA Specialist will assist in the day-to-day compliance of all aspects of the Bank Secrecy Act ("BSA") compliance program. This position advises the BSA Department of emerging compliance issues and assists Credit Union 1 ("CU1") in the establishment of controls and mitigate those risks.A Typical DayMaintains knowledge of BSA related laws and regulations including CU1's policies and procedures.Assists front line staff with proper completion of Currency Transaction Reports ("CTRs") when needed to ensure accuracy of the information, and prepares, executes the CTR in the BSA relates software.Performs daily review, monitoring and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determines if transaction appears suspicious and prepare correspondences for suspicious activity report ("SAR") to be reviewed by BSA Analyst or higher.Assists in the monitoring of account activity for suspicious patterns, conducts high risk customer account reviews including customer due diligence ("CDD") or enhanced due diligence ("EDD") research.Assists with FinCEN 314a list batches are being processed and investigated within a timely manner.Assists with FinCEN 314b investigations under the guidance of a BSA Analyst or higher.Assists in the administration of the automated BSA/AML/OFAC software and responding to the software reports and alerts.Assists with maintaining exempt account records and conducts ongoing reviews.Reviews new account information for compliance with Customer Information Program (CIP), Beneficial Ownership and assigning appropriate risk profile levels.Communicates with front line staff and/or management to follow-up on questionable CIP items or other audit exceptions. Prepares periodic reporting of compliance monitoring results.Provides recommendations to management on streamlining the BSA Program, policy enhancements and training needs, as applicable.Assists the BSA Analyst or higher with BSA various projects, procedures, policies, risk assessments, employee training, audits and examinations as requested.Reports to BSA ManagerInteracts daily with the BSA AnalystInteraction with all levels of employeesInteracts with law enforcement, auditors, and examinersWhat We Look ForStrong interpersonal, communication (written and verbal), and organizational skills with the ability to work independently, as well as, collaboratively within a team environment.Ability to interact effectively with all levels of management, legal counsel, law enforcement, regulators and examiners while maintaining strict confidentiality.Strong decision making, analytical and investigative abilities with attention to detail and accuracy.Associate degree or equivalent in related field or specialized compliance education/training preferred.Minimum (1) year working with BSA compliance or related experience required.General understanding of financial institutions deposit operations, lending activities and other related consumer banking and compliance functions.Consumer compliance knowledge and/or experience preferred.Bank Secrecy Act Compliance Specialist (BSACS) or equivalent, required. Applicant must obtain within 6-months of employment.Credit Union Compliance Expert (CUCE) preferred.Certified Anti-Money Laundering Specialist (CAMs) preferred.Location: TBD

Keywords: Credit Union 1, Henderson , BSA Specialist, Accounting, Auditing , Henderson, Nevada