BSA Fraud Analyst

Signal Financial Federal Credit Union; Kensington (MD); On-site; USD 70,000 - 90,000; Full time

Job summary

A leading credit union is seeking a BSA Analyst to ensure compliance with consumer protection regulations and the Bank Secrecy Act. The position involves collaborating with various departments, overseeing BSA programs, and managing compliance audits. Candidates should hold relevant degrees or certifications and have experience in a similar role.

Qualifications

• Minimum of a two-year college degree or relevant certification.
• 2-5 years of related Credit Union experience.
• Strong organizational and communication skills.

Responsibilities

• Oversee all aspects of the Bank Secrecy Act and Anti-Money laundering programs.
• Communicate BSA compliance issues to senior management.
• Monitor and track BSA-AML high-risk customers.

Skills

Communication

Analytical Skills

Attention to Detail

Organizational Skills

Education

Two-year college degree

Forensic or investigative certification

Tools

Verafin

Microsoft Office

Fiserv

Job description

Position Description

This position will be responsible for ensuring the credit union complies with all pertinent consumer protection regulations, the Bank Secrecy Act and credit union's own policies and procedures. Act as credit union BSA Analyst and work with various departments and credit union management to coordinate the implementation of new laws and regulations as needed.

Position Responsibilities

• Partner with internal departments as an SME/ Advisor on credit union activities with regard to consumer protection regulations and BSA.
• Act as BSA officer for the credit union. Oversee all aspects of the Bank Secrecy Act and Anti-Money laundering programs.
• Maintain proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA Patriot Act, and OFAC. Work with departments to investigate transactions that are suspicious in nature. Submit Suspicious Activity Reports (SAR) for BSA-AML-related activities.
• Monitor and track BSA-AML high-risk customers and accounts. Manage exempt person filings for CTR purposes.
• Refine and develop where necessary a risk-based customer due diligence program.
• Communicate BSA compliance issues to senior management.
• Represent credit union in external BSA activities as needed.
• Stay well-informed of current and upcoming compliance issues that may impact the credit union policies and procedures. Recommend policy and procedure changes as needed. Participate in BSA and compliance audits with outside groups including NCUA. Prepare and provide relevant information and documents for audits.
• Review BSA cases for potential SAR filings.
• Work fraud cases as needed, submit required documentation to request funds as needed for loss prevention.

Position Requirements

• A minimum of a two-year college degree or; completion of a specialized course of study resulting in a forensic or investigative certification; or the completion of a specialized and extensive in-house training.
• Two to five years of similar or related Credit Union experience in the credit card, check and/or fraud investigative work environment.
• Working knowledge of Verafin, Financial Crime Management Solution preferred.
• Demonstrated knowledge of retail banking transactional workflow.
• Ability to analyze data and recommend appropriate changes and solutions.
• Ability to evaluate and communicate risk.
• Ability to use diplomacy to affect change and create buy in.
• Extensive knowledge of consumer regulations and the BSA.
• Strong organizational skills, Strong attention to detail.
• Strong verbal and written communication skills to include trust, discretion and confidentially.
• Working knowledge of Microsoft office and credit union core systems, Fiserv preferred.

The list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities that management may deem as necessary.

We are proud to be an Equal Employment Opportunity (EEO). Signal Financial Federal Credit Union does not discriminate against any applicant or employee based on race, color, religion, gender, gender identity or expression, sexual orientation, national origin, age, disability, genetic information, veteran status, or any other characteristic protected by federal, state, or local laws.