BSA Operations Analyst

BSA Operations Analyst Department of Corrections Credit Union (Baton Rouge, LA) Baton Rouge, LA Job Details Full-time From $38,070 a year 16 hours ago Benefits Health insurance Dental insurance 401(k) Tuition reimbursement Paid time off Vision insurance 401(k) matching Life insurance Retirement plan Qualifications Customer communication High school diploma or GED Bank Secrecy Act Full Job Description Our company is seeking an experienced and highly motivated BSA Operations Analyst to join our team. The successful candidate will be responsible for analyzing member transactions pertaining to the BSA/AML program, and utilizing strong decision making, analytical, and investigative abilities with attention to detail, as well as performing various assignments to ensure the Credit Union's compliance efforts are maintained daily.

Duties and Responsibilities:

Serve as BSA Officer. Develop and implement BSA control procedures for all offices. Coordinate and monitor day-to-day operations related to BSA issues and ensure compliance with the provisions of the BSA, relating but not limited to Currency Transaction Reports (CTR), Suspicious Activity Reports (SAR), USA PATRIOT Act, OFAC, and funds transfers. Respond to requests from regulators and auditors regarding BSA and Operations. Supervise the retention of BSA forms for the required time limits. Maintain awareness of any regulatory changes. Recommend changes to the BSA Policy when necessary. Update BSA Risk Assessment as applicable for new services and/or changing risk levels to existing services. Assist in development of an effective BSA training program and monitor its progress for quality and effectiveness in accordance with regulation; provide periodic training for appropriate personnel including the Board of Directors and Committees. Conduct or provide staff training when new information is received and at least annually and to all new employees. Document training for regulatory reviews. Attend applicable regulatory training, seminars, and/or conferences to maintain a current and thorough understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal activities and developing trends. Provide recommendations to management on streamlining the BSA Program, policy enhancements, and training needs as applicable. Research, prepare, track, and follow up on Currency Transaction Reports (CTR) and Suspicious Activity Reports (SAR); ensure that reports are prepared in a timely manner and in accordance with regulatory filing deadlines; submit and file completed reports. Communicate with members regarding activity on their account to form a better understanding of the activity; collaborate with tellers on CTR cases and questions regarding CTR reporting; collaborate with other departments on cases involving fraud, suspicious activity, or abuse. Review daily and monthly cash reports and compare to CTR reports monthly. Determine account eligibility to request an exemption, based on reasonable and prudent evaluation of the request. Ensure the filing of a Designation of Exempt Person (DEP) Form with the U.S. Department of Treasury. Ensure the filing of biennial DEP renewals. Conduct OFAC verifications and 314a verifications Participate in and ensure compliance with 314b (Patriot Act) responsibilities. Assist in the daily review of Credit Union BSA transaction monitoring software. Assist in the review of OFAC alerts (including the weekly OFAC report) and document investigation of accounts for suspicious activity. Assist in the review of suspicious activity alerts and currency transaction alerts to determine the need for regulatory reports filings as needed. Complete required reports within established deadlines. Review new account information for compliance with Member/Customer Information Program (CIP), Beneficial Ownership and assigning appropriate risk profile levels. Communicate with front line staff and/or management to follow-up on questionable CIP items or other audit exceptions. Prepare periodic reporting of compliance monitoring results. Monitor account activity for suspicious patterns, conduct high risk member account reviews including member/customer due diligence (MDD/CDD) or enhanced due diligence (EDD) research. Conduct various audit procedures including but not limited to Dormant Account review, Account Change transactions, New Account Documentation, Address Changes, Closed Account Review, Undeliverable Mail, Joint Owner Audit, and Red Flag monitoring. Assist with member disclosures. Assist with legal document requests including subpoenas, etc. Assist with audit and examination requests alongside the Executive Assistant. Ability to interact effectively with all levels of management, law enforcement, regulators, and examiners, all while maintaining strict confidentiality.

Job Type:

Full-time Pay:

From $38,070.00 per year

Benefits:

401(k) 401(k) matching Dental insurance Health insurance Life insurance Paid time off Retirement plan Tuition reimbursement Vision insurance

Physical Setting:

Office Education:

High school or equivalent (Preferred)

Experience:

Bank Secrecy Act:

1 year (Preferred)

Banking:

3 years (Preferred) Ability to

Commute:

Baton Rouge, LA 70802 (Required)

Work Location:

In person