BSA Fraud Support Specialist
SESLOC Federal Credit Union San Luis Obispo, CA
- Expired: November 14, 2020. Applications are no longer accepted.
Support the administration of and ensure compliance with SESLOCs Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) policies and procedures to protect the Credit Union from being used as a conduit for illegal activity. In support of BSA/ALM, perform assigned duties including run reports, review and analyze data, file reports, maintain records and follow-up with others to provide feedback in the areas of Currency Transaction Reports (CTR), Office of Foreign Assets Control (OFAC), Suspicious Activity Reports (SAR), Customer Identification program (CIP) and Customer Due Diligence (CDD). Specific duties include but are not limited to:Monitor branch submission of CIP and CDD data, providing notification of missing information through the Synapsys CRM system and other reports.
Assist in the collection, maintenance, storing, and retention of all documentation and evidence required to demonstrate compliance with BSA/AML/OFAC's, CIP, CDD and Enhanced Due Diligence (EDD) laws and regulations. Alert BSA Officer of any issues as a result of monitoring. Review and file CTRs; address shortfalls in documentation provided by branch and operations staff, and provide training to correct those shortfalls as needed.
Maintain CTR records within the credit union's AML software. Recommend CTR Exemptions to the BSA Officer.Regularly run OFAC and 314a checks, researching any and all matches; research any unusual activity identified through the credit union's AML software or at the branch level.Follow-up on any irregularities that come from newly opened accounts identified through ChexSystems/Qualifile. Work with branches to resolve Sentry Alerts.
Utilizes resources to investigate and analyze for possible potential high risk members rating.Identify, investigate and respond to requests for information from branches, internal departments and management regarding BSA/AML/OFAC/internal control policy violations.Maintain an understanding of Operations (Branches) and Lending policies and procedures regarding CIP, CDD and EDD compliance and operational internal controls that support initial and ongoing know your member regulations. Support alert review and case investigation. Perform necessary analysis of assigned AML and Fraud alerts from the compliance software system to determine if alerting activity is questionable and warrants further investigation.Assist BSA Analyst and Fraud Analyst with investigation information gathering and investigative review process.
Monitor Compliance and Fraud inbox, upload information into compliance system and escalate unusual activity to BSA Analyst and Fraud AnalystUpdate and Maintain current internal department logs.Assist in the development of, participate in, and review proposed changes to compliance related Credit Union policies/procedures for compliance with applicable regulatory laws, rules and regulations. Identify areas for improvement, communicating observations and recommended changes to the BSA Officer.Attend BSA/AML/CIP/CDD/Fraud seminars and webinars. Provide department training in relation to information obtained.On an ongoing basis, review laws and regulations that impact the credit union's BSA/AML, USA Patriot Act, and OFAC requirements.
Communicate current or upcoming changes to the BSA Officer.Education/Experience: High School Diploma or equivalent required. One (1) to three (3) years' financial institution related experience; or equivalent combination of education and experience. In addition, one (1) to three (3) years' experience in the BSA or compliance field.
Demonstrated ability to collect, organize and analyze large volumes of data; define a problem and draw valid conclusions. Ability to effectively communicate information verbally and in writing to all levels of employees. Ability to accurately prepare complex reports.
. Valid driver license, vehicle registration, and insurance (will travel for business such as to seminars). Must be capable of regular, reliable and timely attendance.
Credit Union or financial institution experience preferred. SESLOC has a collegial work environment with a keen focus on training and development. In addition we offer competitive compensation and excellent benefits including fully paid employee health, dental and vision; vacation, sick, holiday time off; and a 401k with generous employer match.EOE