BSA INTERNAL ADMIN AUDIT COORD

Freedom Credit Union; Springfield (MA); On-site; USD 90,000 - 120,000; Full time

Job summary

Freedom Credit Union is seeking a compliance-focused professional to monitor BSA/AML regulatory adherence and administer the Verafin AML system. The role includes reviewing CT Rs, CTRs, SARs, CIP compliance, and monitoring high‑risk accounts, with regular interaction with internal and external auditors.

The candidate should have 2–5 years of related experience and a two-year degree with BSA certification preferred. Strong analytical skills and discretion are essential.

Qualifications

• Two to five years of related experience.
• Two-year college degree or equivalent; BSA certification preferred.
• Strong knowledge of BSA/AML regulations.

Responsibilities

• Monitors compliance with state and federal laws and regulations related to BSA, USA PATRIOT Act, AML, and OFAC.
• Acts as primary administrator of Verafin (AML software).
• Runs OFAC and 314a checks and investigates matches; researches unusual activity.
• Manages the CTR process and reviews large cash reports for compliance.
• Monitors SAR activity daily and submits SARs for BSA-AML activities.
• Performs data integrity reviews on new business relationships (CIP procedures).
• Monitors high-risk customers and maintains the CDD/EDD risk ratings and monitoring program.
• Acts as principal contact for internal/external audits; coordinates with auditors.
• Prepares Audit Committee information and minutes monthly.

Skills

BSA/AML compliance

Verafin administration

OFAC screening

Audit coordination

Data integrity

Education

Two-year college degree

BSA certification preferred

Tools

Verafin

Job description

Essential Functions/Position Responsibilities:

• Monitors compliance with state and federal laws and regulations as it pertains to the Bank Secrecy Act (BSA), USA PATRIOT Act, Anti-Money Laundering (AML), and OFAC.
• Acts as primary administrator of Verafin (AML software), ensuring integrity of data and full utilization of its functionality; reports all BSA-related activities to management.
• Consistently runs OFAC and 314a checks, investigating any and all matches; researches any unusual activity identified through Verafin or at the branch level.
• Manages the CTR process reviewing large system generated cash reports and CTRs for compliance.
• Monitors for SAR activity daily; investigates transactions that are suspicious and submits Suspicious Activity Reports for BSA-AML-related activities.
• Performs data integrity reviews on all new business relationships, ensuring accuracy with CIP procedures and documentation.
• Monitors and tracks BSA-AML high-risk customers and accounts; maintains the CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and reviews and analyzes unusual account activity.
• Principal contact for internal and external independent reviews or audits for the Credit Union; schedules and coordinates with internal and external auditors, including regulatory examiners, during audits and examinations to provide requested information.
• Prepares the Audit Committee monthly meeting information, participates in reporting to the Audit Committee, and prepares Audit Committee meeting minutes monthly.

Requirements

Position Requirements:

Experience

Two to Five years of similar or related experience, including time spent in preparatory positions.

Education/Certifications/Licenses

A two-year college degree or completion of a specialized course of study at a business or trade school. BSA certification preferred.

Interpersonal Skills

A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance.