PRIMARY PURPOSE: The BSA Analyst assists in the implementation and administration of all aspects of the Bank Secrecy Act compliance program and assists with various assignments supporting the Compliance Program of the credit union under the guidance of the Compliance Manager.

ESSENTIAL DUTIES:

• Bank Secrecy Act/Anti Money Laundering Program
• Performs various quality control reviews and monitoring in the area of Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, OFAC and Customer Identification Program.
• Responsible for adhering to the reporting and recordkeeping requirements of the Bank Secrecy Act and Anti-Money Laundering rules and regulations, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC), following the Credit Union's Member identification program (MIP) rules, observing all Bank policies and procedures relating to BSA, OFAC, MIP, and related acts, and participation in ongoing related training.
• Maintain current knowledge of all federal and state laws and regulations, along with the Credit Union's policies and procedures.Maintains current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations.

Perform OFAC 314(a) and 314(b) (Patriot Act) review
Performs on-going monitoring of high-risk accounts and reviews documentation.
Performs confidential member and transaction analytics to identify trends and possible suspicious activity.
Investigate all unusual or suspicious activity identified by BSA/AML software or referred by other departments.
Monitors Alerts and conducts suspicious activity report investigations, high risk customer/account reviews, and recommends when to file Suspicious Activity Reports (SARs).
Reviews reports associated with BSA. Investigate cases within the BSA monitoring software, decides if further action is appropriate. Identifies suspicious activity in the review process.
Documents investigative steps in the Case Management System including internet searches, advanced due diligence and maintain supporting documentation for all investigations.
Gather necessary information for compiling Suspicious Activity Reports (SARS) and provide for approval.
Files the SARs when necessary within the automated BSA/AML Fraud System.
Preparation and submission of all Currency Transaction Reports (CTRs) within required timeframes.
Ensure all BSA required monitoring reports are complete and processed within the required timeframes.
Track and remediate subpoena, levies, and law enforcement request.
Assist with the preparation and facilitation of monthly Compliance meetings to review and decision potential SAR filing.
Support with ongoing training efforts involving annual curriculum, internal inquiries, branch visits etc.
Assists in the development and implementation of bank forms, notices and procedures and monitoring processes for compliance with the Bank Secrecy Act, OFAC and relation regulations
Become proficient with Verafin BSA/AML monitoring application and configurations

• General Compliance
• Provides assistance to the Compliance Department when needed.
• Monitors changes in laws, regulations and trends. Maintains files and share information to appropriate departmentsMaintains a proficient knowledge of all applicable rules and regulations.

Maintain a proficient knowledge of the Credit Union's BSA/AML Program policies and procedures.
Perform day-to-day compliance request from internal team members are answered as appropriate in a timely manner
Assist in the development and implementation of the BSA training program for all staff

• Perform other duties as assigned

REQUIRED KNOWLEDGE, SKILLS AND ABILITIES: The requirements listed below are representative of the knowledge, skills and ability required of an individual to satisfactorily perform the essential duties of this job.

• Ability to read, analyze and interpret government regulations.
• Ability to effectively present information and respond to questions.
• Proficient knowledge and understanding of governmental regulations and compliance activities as they relate to the Credit Union.
• Proficient knowledge and understanding of the Credit Union's products and services.
• Problem solving and troubleshooting skills to include gathering and analyzing information and developing alternative solutions.
• Decision making skills to include the ability to apply reasoning and common sense to make sound, accurate and timely decisions. Supports and explains reasoning for decisions. Includes appropriate people in decision making process.
• Service skills to include responding promptly to needs, inquiries and requests in a timely, friendly and respectful manner.
• Strong written communications skills to include the ability to write professional-quality policies, procedures, reports and memos.
• Strong verbal communications skills to include the ability to articulate messages professionally and effectively in both positive and negative situations and in both one-on-one and group settings.
• Computer skills to include proficiency with e-mail, Internet, word processing, spreadsheet and compliance-related software.
• Ability to pay close attention to detail, such as when reviewing documents for compliance and when performing compliance testing.
• Ability to perform tasks in an accurate, organized and timely manner.
• Ability to meet project deadlines and follow through on commitments.
• Ability to work independently with minimal supervision as well as work in a team.
• Knowledge of BSA/AML/OFAC regulations as they apply to this role. Must complete annual required training

EDUCATION and/or EXPERIENCE: High school diploma or graduate equivalency diploma (GED) and a minimum of three to five years of BSA/AML experience required. National Association of Federal Credit Unions (NAFCU) BSA/AML or CAMS Certification is preferred.

SUPERVISORY RESPONSIBILITIES: This position does not have any supervisory responsibilities.

Job Type: Full-time

Pay: $26.16 - $32.70 per hour

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Day shift

Ability to commute/relocate:

• Oxnard, CA: Reliably commute or planning to relocate before starting work (Required)

Experience:

• Bank Secrecy Act: 1 year (Preferred)

Work Location: One location

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