Description:
The BSA Analyst is responsible for performing duties and assignments related to supporting and administering the Credit Union’s BSA program in conformance with established Credit Union policies and procedures.

PRIMARY RESPONSIBILITIES:

Performs functions within scope of authority and expertise, to provide the highest level of service and responsiveness to members served by the Credit Union.

1. Responsible for assisting in the administration of the Credit Union’s BSA Compliance Program; specifically, to include:

• Reviewing system generated alerts on suspected suspicious activity.
• Preparing and managing cases for review and possible SAR filing.
• Preparing currency transaction reports that meet internal and all regulatory standards for review.
• Preparing suspicious activity reports that meet internal and all regulatory standards for review.
• Assisting in dual control of 314(a) scans.
• Assisting with risk monitoring by performing enhanced due diligence (EDD) on high-risk members and entities.
• Assisting with due diligence manager (DDM).
• Assisting in the administration of the Credit Union’s OFAC program by monitoring potential OFAC matches and taking appropriate action to escalate them when necessary.
• Assisting with other BSA related activities as needed.

1. Completes daily business account quality control (QC) reviews to ensure proper identification and due diligence documents have been obtained. Responsible for tracking outstanding QC items and reporting them to the BSA & Fraud Manager.
2. Collaborates on special projects as needed.
3. Prepare monthly reports and board reports summarizing BSA/AML metrics, trends, and key program updates.
4. Responsible for logging, tracking, and responding to summons and subpoenas received by the Credit Union.
5. Adheres to All One Credit Union policies and procedures. Responsible for compliance with the following regulations: BSA, OFAC, and other regulations as required.

SECONDARY RESPONSIBILITIES:

1. Keeps up to date on regulatory guidance and other relevant industry standards.
2. May respond to inquiries in the absence of the Fraud Analyst.
3. Maintains in-depth working knowledge of related systems and processes. Creates and documents related procedures.