BSA Operations Specialist

Municipal Credit Union; United States; Remote; USD 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a compliance officer to ensure adherence to the Bank Secrecy Act and related regulations. This role involves preparing reports, managing investigations, and maintaining documentation for audits. The ideal candidate will possess strong analytical and communication skills, a commitment to ethical standards, and a college degree. Join a team that values integrity, results, and belonging, while contributing to a mission of helping individuals build better financial futures. This position offers competitive compensation and benefits, making it a great opportunity for those passionate about compliance and financial services.

Benefits

Competitive Compensation

Medical Benefits

Dental Benefits

401K with Employer Match

Flexible Paid Time Off

Qualifications

• Highly ethical individual with a college degree and strong analytical skills.
• Detail-oriented with excellent communication and research abilities.

Responsibilities

• Prepare and file Currency Transaction Reports daily.
• Manage Watch List alerts and conduct investigations.
• Ensure documentation is maintained for audits and legal requests.

Skills

Analytical Skills

Communication Skills

Research Skills

Time Management

Ethical Standards

Detail Oriented

Education

College Degree

Tools

Microsoft Windows Applications

Job description

About MCU:

At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 500,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.

Our Mission:

To help hard-working New Yorkers build better tomorrows

Our Vision:

Be New York's most loved financial institution by helping our members build their best financial futures

Overview: Responsible for executing on all assigned aspects of the Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC) and Anti-Money Laundering (AML) compliance functions performed by the BSA Department and implemented throughout Municipal Credit Union (MCU).

Responsibilities:

1. Preparation, reconciliation, and filing of Currency Transaction Reports (CTR) on a daily basis.
2. Review and decision Watch List alerts including OFAC and 314a on daily basis.
3. Manage and track Request for Information (RFI) inquiries to Retail Channels, and collaborate with MCU personnel regarding interactions with members to aid in investigations.
4. Manage and track Member expulsion recommendations.
5. Support BSA-related processes regarding subpoenas, including documentation research, conducting AML investigations, and tracking.
6. Conduct initial research and collect documentation on Members requiring Enhanced Due Diligence.
7. Ensures appropriate documentation is maintained and available for internal/external audits and legal requests for all work performed by staff.
8. Conduct monthly reconciliation of MCU core system to Verafin.
9. Test and reconcile MDD information from core to Verafin.
10. Assist in preparation of monthly management reports.
11. Performs other duties as directed by the BSA Officer or designee.
12. Completes annual BSA/AML/OFAC training requirements and keeps current with Money Laundering and Terrorist Financing trends.

Requirements:

• Highly ethical.
• College degree.
• Familiarity with the BSA, USA PATRIOT Act, OFAC and related regulations.
• Well-organized and detail oriented.
• Good analytical skills.
• Strong communications skills, both verbal and written.
• Ability to conduct thorough research.
• Ability to interpret and understand laws and regulations.
• Ability to self-manage and self-direct.
• Resourcefulness and great time management skills.
• Desire to drive and invest in the achievement of extraordinary results.
• Financial or Banking Compliance knowledge.
• Proficiency in Microsoft for Windows Applications.

Why you’ll be a good fit:

Our Core Values are an integral part of who we are and who we hire. By living our Core Values, every day, we continue to attract the best and brightest talent, achieve unsurpassed results and continuously challenge ourselves to be better than yesterday. These values are at the heart of our organization and within every teammate. To be a great fit, you’ll bring the following:

• Results: We are passionate about winning.
• Agility: We proactively anticipate, respond and pivot to ensure MCU wins.
• Integrity: We operate with the highest ethical standards and highest degree of honesty.
• Belonging: We cultivate a culture of inclusion and teamwork.
• Ownership: We take personal responsibility and hold ourselves accountable for the results.

What we can offer you:

• Competitive compensation, medical and dental benefits.
• 401K with employer match.
• Flexible paid time off.

We are committed to hiring, training, cultivating, promoting, and celebrating an environment where we have a welcoming and fulfilling place for all people to call home. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization.

Municipal Credit Union (MCU) is an Equal Opportunity Employer.

Municipal Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.