BSA/AML Financial Analyst II

BSA/AML Financial Analyst II St Mary's Bank Credit Union Manchester, NH Job Details Full-time $80,577 - $94,796 a year 1 day ago Qualifications Report writing Regulatory compliance Full Job Description Overview Under the direction of the Audit and Compliance Manager, the BSA/AML Financial Investigator II is responsible for ensuring that the Credit Union is compliant with the Anti-Money Laundering (AML) through regulations set forth by the Bank Secrecy Act (BSA) and Office Foreign Asset Control (OFAC). This role requires a thorough understanding of legal and regulatory frameworks, as well as the ability to analyze and monitor financial transactions for suspicious activities. Key Responsibilities

• Monitor and analyze financial transactions using AML software to detect suspicious activity and potential money laundering in order to mitigate or escalate the case for SAR evaluation.
• Prepare, verify, and submit Currency Transaction Reports (CTRs) andensure acceptance by FinCEN
• Prepare and submit Suspicious Activity Reports (SARs) and ensure acceptance by FINCEN.
• Document analysis and recommendations for CTR exemptions per Bank Secrecy Action (BSA) regulations.
• Submit and respond to 314(b) FI collaboration through the AML system.
• Outboard calls to internal and external members to support case investigations.
• Participate in reviewing the AML functionality to improve system alert configuration by identifying patterns and trends related to BSA/AML.
• Ensure compliance with BSA, Anti-Money Laundering (AML), and other relevant regulations.
• Initiate member account actions and cases to minimize member and/or Credit Union losses.
• Maintain and track Customer Due Diligence (CDD) questionnaires and Enhanced Due Diligence (EDD) reviews, ensuring timely collection and verification to meet regulatory requirements.
• Assist with BSA/AML risk assessments and policy/procedure review.
• Ensure compliance with Office of Foreign Asset Control (OFAC) regulation.
• Back-up to

BSA/AML/CTF OFAC

Officer

• Coordinate with internal departments and external agencies to include federal and/or local law enforcement and ensure compliance with and resolve issues.
• Maintain up-to-date knowledge of regulatory changes and industry best practices.
• Completes other projects as assigned. Core Skill Competencies

Communication Skills:

Excellent written and verbal communication skills to prepare reports, interact with stakeholders, skilled in engaging members in complex or sensitive discussions to clarify unusual activity.

Analytical Skills:

Ability to analyze complex financial data and identify patterns of suspicious activity.

• Attention to

Detail:

Strong focus on accuracy and thoroughness in all tasks.

Problem-Solving Skills:

Ability to think critically and develop effective solutions to

BSA/OFAC

related functions and cases.

Regulatory Knowledge:

In-depth understanding of BSA, AML, OFAC and other relevant regulations.

• Customer service: Exceptional customer service skills with a focus on user satisfaction and experience.

Time Management:

Efficient in managing multiple tasks and meeting deadlines under pressure and able to work with minimal supervision.

Team Collaboration:

Ability to work effectively with various departments and external agencies.

Technical Proficiency:

Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Teams, Outlook). Physical Demands

• Prolonged periods sitting at a desk and working on a computer.
• Occasional lifting of office supplies, up to 15 pounds. Qualifications
• Six years of progressive experience in all aspect of BSA/AML compliance, advanced knowledge of AML monitoring processes and system (preferably Verafin).
• Experience with Symitar is a plus but not required.
• Ongoing commitment to regulatory and professional development.
• Certification in CAMS, CBSAP or similar.
• Interest in pursuing professional certifications
• Strong analytical and problem-solving abilities are essential, with a proven track record of conducting thorough investigations and preparing detailed reports.
• Excellent verbal and written communication skills are required to effectively interact with internal teams and external stakeholders.

Job Type:

Full-time Pay:

$80,577.00 - $94,796.00 per year

Work Location:

In person