BSA AML Compliance Specialist
Salal Credit Union
Contact: Katie Caldwell
Email: [email protected]
Phone: (206) 826-7665
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.
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.
Previous Experience: 3-6 years of relatable BSA AML Compliance experience.
Education: A relatable Bachelor’s degree is desired, but not required.
Demonstrated Abilities: Sound knowledge and understanding of BSA/AML, OFAC regulations. Knowledge of financial institution rules and regulations; human relations, written and oral communications and organization skills; ability to work independently with a high level of initiative, and to research, and problem solve; Strong decision making, analytical and investigative abilities with attention to detail and accuracy; Proficient in Microsoft Office Suite (Word, Excel).
Salal Credit Union is an Equal Employment Opportunity Employer