Job Description

CREDIT UNION IS SEEKING A PROVEN BANK SECRECY ACT (BSA) OFFICER who is responsible for coordinating the development, implementation, and administration of all aspects of the corporate-wide Bank Secrecy Act (BSA) Compliance Program. This position monitors compliance with state and federal Bank Secrecy Act (BSA), USA PATRIOT Act, Anti-Money Laundering (AML), and OFAC laws and regulations.

 RESPONSIBILITIES:

• Overseeing all aspects of the corporate-wide Bank Secrecy Act (BSA), Anti-Money Laundering (AML) programs
• Coordinating and assisting in the administration of independent, state and federal regulator and auditor examinations and reviews
• Coordinating responses to regulatory BSA-AML examinations and audits and actions taken to insure deficiencies are corrected
• Maintains proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA) , USA Patriot Act, and OFAC
• Works with business units to investigate transactions that are suspicious in nature.
• Submits Suspicious Activity Reports for BSA-AML-related activities
• Monitors and track BSA-AML high-risk customers and accounts
• Manages exempt person filings for CTR purposes
• Understands government regulations with particular emphasis on the Bank Secrecy Act and related regulations
• Address regulatory changes that impact the business units
• Assist business units in implementing processes necessary to comply with regulations
• Performs regulatory research in response to business unit compliance inquiries, projects, and changes while communicating
• Performs analysis of BSA related data to draw conclusions about the level of compliance throughout the enterprise.
• Performs routine monitoring to determine the extent of compliance with regulations, laws, policies and procedures. Communicates the results of monitoring to department managers and senior management, follows-up to ensure issues are addressed, escalates issues
• Assists Business Units in performing Risk Assessments
• Performs periodic BSA/AML/OFAC Risk Assessments as defined by internal policy
• Reviews, and makes recommendations on, company-wide BSA/AML Training as well as specific Line of Business training. Prepares annual Board of Directors training.
• Develop and maintain BSA related policies and procedures
• Address regulatory changes that impact the business units
• Assist business units in implementing processes necessary to comply with regulations.
• Performs regulatory research in response to business unit compliance inquiries, projects, and changes while communicating
• Performs analysis of BSA related data to draw conclusions about the level of compliance throughout the enterprise
• Performs routine monitoring to determine the extent of compliance with regulations, laws, policies and procedures. Communicates the results of monitoring to department managers and senior management, follows-up to ensure issues are addressed, escalates issues
• Creates and maintains reporting metrics to track volumes

Qualifications

• Bachelor’s degree and 3-5 years’ experience in Bank Secrecy Act / Anti-Money Laundering and OFAC regulations.

• Certification or the ability to become certified in BSA / AML is required. 

• Experience using Verafin software strongly preferred.

• Willingness to attend training (possibly outside of Dallas / Ft. Worth area) and online webinars to learn and enhance BSA / AML knowledge and skills.

Additional Information

COMPENSATION:  $80-100K annually +7.5-10% bonus potential

• Medical/Dental/Vision
• Salary Continuation – up to 90 days for coverage (employer paid and accrued time-off)
• Long-term Disability – 90 days or greater for coverage (vendor paid)
• Educational Assistance Program – eligible after one year of employment
• Paid vacation
• Sick leave (accrue one day per month up to a maximum on 90 days)
• 10 Holidays off each year