Awesome opportunity at Salal Credit Union for compliance professionals--with work from home flexibility! We are looking for someone with 3-6 years of relatable BSA, AML and Compliance experience. Keep reading to look at our more detailed position description.
The BSA/AML Compliance Specialist ensures the Credit Union complies with all laws, regulations and industry best practices. Assists in implementing and maintaining the Credit Union's Compliance Management System to ensure conformity and adherence with all applicable state and federal laws and regulations.
Under the general guidance of the VP of Risk, Compliance, and Audit, responsible for the day-to-day contact and guidance of the Credit Union's BSA/OFAC Compliance Program.
Manages the Credit Union's automated software system Verafin.
Responsible for ensuring the Credit Union is adhering to regulations and in compliance with BSA/AML/OFAC, and all other regulations.
Works with operations units to investigate transactions that are suspicious in nature.
Submits Suspicious Activity Reports for BSA-AML-related activities.
Monitors and tracks BSA-AML high-risk customers and accounts.
Reviews Currency Transaction Reports (CTR) for quality, completeness, and accuracy; ensures accurate data entry and completion of CTRs for electronic-filing.
Manages exempt person filings for CTR purposes.
Receives and reviews FinCEN 314(a) research report. Refers recommendations for possible true matches to the BSA Compliance Officer for communication to FinCEN.
Maintains reports, files and other BSA-related documentation in accordance with the Credit Union's record retention schedule.
General Compliance Duties
Performs routine monitoring to determine the extent of compliance with regulations, laws, policies and procedures. Communicates the results of monitoring to department managers and senior management, follows-up to ensure issues are addressed, escalates issues.
Make recommendations to the Compliance Officer and senior management when and where appropriate.
Prepare and update policies and procedures for the department.
Performs regulatory research in response to business unit compliance inquiries, projects, and changes. Assist business units in implementing processes necessary to comply with regulations.
Conducts staff training as necessary.
Assist with any audits in the BSA and Compliance area.
Other duties as assigned by management.
Complete all on-going education, training and professional development as required for position.
Comply with all state and federal regulations and compliance standards, including: Identify Theft Protection Plan (ITPP), Bank Secrecy Act (BSA), Customer Information Privacy (CIP), Office of Foreign Assets Control (OFAC) as well as Credit Union policies and procedures. Complete required compliance training.
Ensure required records are retained in accordance with the Salal Records Retention Program and preserved in a careful and secure manner.
Use network PC workstation/laptop to access core system and ancillary systems to perform account transactions, queries, and specialized functions for accounts as needed. Utilize all Internet service delivery systems and be proficient in Microsoft Office Suite to perform daily duties as needed. Operate and maintain department equipment and troubleshoot as needed in a positive manner with co-workers.
Salal Credit Union is an Equal Employment Opportunity Employer
Salal Credit Union