BSA/AML Specialist - Part Time

First Citizens Federal Master; Fairhaven (MA); On-site; USD 1,653,000 - 2,314,000; Full time

Job summary

First Citizens’ Federal Credit Union in Fairhaven, MA is seeking an AML/CTR specialist to review daily alerts, analyze potentially risky transactions, and ensure regulatory compliance. The role involves documenting decisions, escalating true hits to management, and supporting deposit operations.

The position requires a high school diploma, banking experience, strong attention to detail, and proficiency with Microsoft Office. Bilingual ability is a plus for serving diverse members.

Qualifications

• High school diploma or equivalent.
• Six months or more of banking experience.
• Knowledge of banking rules, regulations, policies and procedures with an emphasis on BSA Regulations preferred.
• Must be organized and detail oriented.
• Ability to multi-task and prioritize.
• Good written and verbal communication skills.
• Proficient with Microsoft Office.
• Bilingual (Spanish and/or Portuguese) a plus.

Responsibilities

• Review daily alerts from BSA/AML/CFT software and document decisions for alerts that pose no risk.
• Analyze alerts to identify risky transactions and/or member behaviors; report to supervisor.
• Participate in CTR, exemptions and SAR analysis to ensure compliance.
• Follow Red Flags policy and update customer/account records.
• Ensure CTRs are completed accurately and filed on time.
• Escalate OFAC, 314a, PEP hits to management for review.
• Support Deposit Operations programs and maintain confidentiality.
• Promote credit union products to members.
• Adhere to BSA, USA Patriot Act and OFAC policies; complete trainings.
• Perform additional duties as required.

Skills

Banking knowledge

Organized and detail oriented

Multi-tasking

Written and verbal communication

Microsoft Office

Bilingual (Spanish/Portuguese) a plus

Education

High school diploma or equivalent

Tools

Microsoft Office

Job description

Job Details

Job Location: Administration Center - Fairhaven, MA 02719

Salary Range: $24.00 - $24.00 Hourly

JOB SUMMARY

• Review daily alerts generated from BSA/AML/CFT software and clearly document all decisions for acknowledging alerts that are determined to pose no increase risk or fraud related losses to the credit union or its members. Analyze alerts to identify specific risky transactions and/or member behaviors that may require investigate action, report all incidences to supervisor for follow-up instruction.
• Participate in the analysis of the daily activity of all credit union transactions and member data to ensure compliance with BSA/AML/CFT and OFAC as it relates to currency transaction reporting (CTR), exemptions and suspicious activity reporting (SAR).
• Assist with the quality review on new member forms and documentation to ensure company is in compliance with BSA.
• Follow “Red Flags” policy and procedures to appropriately add or update the customer and/or account records.
• Ensure all CTRs are completed accurately and filed in accordance with regulatory timeframes.
• Escalate all list matching alerts (OFAC, 314a, PEP, etc.) identified as true hits to management for further review.
• Provide assistance as needed to support the programs maintained by Deposit Operations.
• Ensure confidentiality within all areas of responsibility.
• Act as an ambassador to the company and promote credit union products; including deposit and loan products, online and business services.
• Adherence with credit union policies that could be amended from time to time.
• Follow all procedures pertaining to the Credit Union’s policies of BSA, USA Patriot Act, and OFAC. Attend trainings when available and to keep abreast of all information regarding changes and updates. Report to Management any acts of disregard to these policies. Successfully complete all company required and job specific training.
• Perform additional duties as required.

Qualifications

• High school diploma or equivalent.
• Six months or more of banking experience.
• Knowledge of banking rules, regulations, policies and procedures with an emphasis on BSA Regulations preferred.
• Must be organized and detail oriented.
• Ability to multi-task and prioritize.
• Good written and verbal communication skills.
• Proficient with Microsoft Office.
• Bilingual (Spanish and/or Portuguese) a plus.

Working Conditions

The work environment characteristics described here are representative of those the team member encounters while performing the essential functions of this job.

Physical Demands Efforts

This function requires moderate standing, walking and sitting. Will be sitting while performing computer data entry functions. Position does not involve climbing or crawling but may on occasion kneel/squat. Requires lifting and moderate carrying of items up to 25 pounds such as a banker’s box. Ability to operate normal office equipment such as, telephone, copy machine, fax, scanner, and computer.

Mental & Visual Demands

Specific vision abilities required by this job include: close vision and ability to adjust focus

Work Environment

This position typically works in an office environment. Noise is moderate and typical of conversations and office equipment.

Americans with Disabilities Act

First Citizens’ Federal Credit Union complies with all aspects of the Americans with Disabilities Act (ADA) and state disability laws. This means that we will not discriminate against qualified individuals with a disability in any phase of the employment relationship including application for employment, hiring, promotions and/or advancement opportunities, termination, compensation, training and any other conditions or privileges of employment. The company will provide reasonable accommodations that do not cause an undue hardship.

Additional Notes

• Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time;
• This job description is subject to change at any time