BSA Compliance Specialist III
Gesa Credit Union
Take a leap and join our team!
At Gesa, we believe in the power of our people. Coming from all walks of life, our team members’ individual stories and unique experiences are our most valuable asset. But it’s how we come together, igniting our collective compassion and commitment to empowering our communities, that makes us succeed. Because we know we go further when we go together.
Here you can join a team who is passionate about serving others, has a desire to do good, and shares a deep love of people. You can engage in meaningful work that impacts your community. You can challenge yourself and grow in your career. And, you can rest assured that your wellbeing and prosperity are our priority.
Get to know us: About – Gesa Credit Union
The BSA Compliance Specialist III is responsible for auditing, monitoring, and assessing adherence to all local, state and federal regulations, focusing on the Bank Secrecy Act (BSA), USA Patriot Act, Red Flags, money laundering, and the Office of Foreign Asset Control (OFAC). A major emphasis of the position will include the following: independently assess AML cases (consumer and commercial) to determine filing status; review of CTRs and SARs for quality control; provide guidance to other BSA Compliance Specialists, and team members of various departments. Perform a variety of routine daily tasks, such as review, audit, and prepare reports and prepare correspondence.
What You Will Be Doing:
- Analyze complex account activity, independently make SAR filing decisions, and prepare required regulatory reports accurately, e.g., CTR and SAR reports in compliance with reporting timelines and reporting thresholds.
- Recognize complex SAR filing situations that may require supervisory or legal expertise and contact appropriate resources to resolve these situations.
- Lead quality reviews of regulatory reports, e.g., CTR and SAR reports prepared by all levels of BSA Compliance Specialists.
- Train new BSA Compliance Specialist and other credit union staff as appropriate and be a resource to all staff.
- Perform ongoing support to the BSA compliance team as needed by gathering records, information, and preparing written descriptions of events that pertain to the documentation of investigations and all aspects of compliance as appropriate. The BSA Compliance Specialist III would provide additional guidance to all junior BSA Compliance Specialists.
- Lead the effort of testing, escalation, and the maintenance of various software upgrades and/or software issues as assigned.
- Review and audit the work of junior BSA Compliance Specialists and all other regulatory reporters within the credit union of CTRs, SARs, DOEP, NO-SAR filed documentation, business reviews, and any supporting documents and provide appropriate feedback.
- Review and audit new business member due diligence forms to include complex structures, determine risk level and approve or deny high risk account opening requests.
- Perform and document enhanced due diligence reviews on existing high-risk members according to internal processes.
- Independently evaluate new business accounts, determine their risk level, the nature of the business, and monitor the account activities.
- Independently conducts review of AML Batch, 90-day reviews to determine re-filing of a SAR, and the completion of the investigative cases.
- Keep abreast of changes in applicable state and federal laws, regulations, and rules. Alerts the Compliance Management of all changes and the potential impact to the Credit Union.
- Assist Compliance Team Leader with developing policies and procedures to ensure activities are conducted in compliance with applicable laws, regulations, and rules.
- Utilize information systems as they relate to the needs, requirements and issues pertaining to regulatory compliance reporting in areas assigned including BSA/AML software.
- Oversee, manage, and monitor compliance activities and reports with respect to areas of assigned responsibilities.
- Prepare and perform administrative support as necessary for completion of assigned tasks.
- Perform other job-related duties as assigned by the Compliance Management Team.
- Perform all duties and maintain all sensitive data with the highest standard of confidentiality and professionalism.
- Maintain a deep knowledge of bank laws and regulations impacting BSA, AML, and OFAC, and assisting in implementations of new regulations or changes in regulations in this area.
- Maintain a continuous study of applicable State and Federal laws to tasks assigned.
- Must understand and perform Bank Secrecy Act (BSA) functions as applicable to job responsibilities.
- Attend credit union training sessions, conferences, or seminars on and off site as approved by supervisor.
- Maintain awareness of policies and regulations related to duties and responsibilities. Obtain and maintain required certifications.
- Keep supervisor informed of key operating issues affecting areas of responsibility.
- Display leadership values such as mutual respect, trust, honesty and dignity, and act in the best interest of the credit union. Lead by example by displaying solid ethics and integrity at all times in all areas of diversity and levels of knowledge.
- Control risk and operate in a safe and sound manner.
- Participate in special department projects as requested.
- Act as a BSA compliance resource for the Credit Union as a trusted and reliable partner.
- Understanding of methodologies for researching and analyzing compliance issues in an independent manner.
- Strong written communication skills to describe complex situations and/or activities to prepare and complete a quality and timely Suspicious Activity Report narrative.
- Strong ability to read, analyze, and interpret a variety of regulations, laws, and technical procedures.
- Ability to balance priorities and complete tasks timely in a deadline sensitive environment.
- Excellent interpersonal, teamwork, listening skills and customer service attributes.
- Proficient in computer applications, reporting, and file/data systems, various forms of technology, including transaction processing systems, case management applications, research and analytical resources, and MS Office products or similar software.
- Problem-solving skills, process improvement know-how, and ability to project ideas.
- Understanding of reporting requirements of various regulatory agencies.
- Understand money laundering and analyze account activity in light of potential illegal AML activity.
- Construct thorough and logical written analysis of account activity.
- Provide honest, direct, and timely guidance to staff when providing feedback of all reviews and audits.
- Ability to manage high volumes of work with the ability to prioritize a broad range of multiple tasks simultaneously.
- Bank Secrecy Compliance Specialist (BSACS) is required within 12 months.
- Credit Union Compliance Expert (CUCE) is required within 24 months.
What You Will Need:
- High school diploma or equivalent required.
- Five years of direct BSA experience.
- Experience with concepts, practices, and compliance techniques for AML activity and for the credit union industry is required.
- Advanced knowledge of money laundering trends, business practices, and systems.
- Advanced knowledge of BSA complex legal and regulatory issues and laws.
- Adherence to reporting requirements of regulatory agencies relevant to assigned tasks.
- Excellent communication skills both written and oral.
- Some travel required to complete credit union training or approved professional training.
Our Team Member Value Proposition:
In exchange for bringing your talent to Gesa, here are a just a few of the benefits and perks we offer:
- Competitive Pay
- Medical, Dental, Vision, and Life Insurance
- 20 days/year of Paid Time Off – Plus 10 Paid Holidays!
- 401(k) Match
- Incentive Program
- Tuition Assistance and Student Loan Repayment
- Commuter Benefits
- Paid Time Off to Volunteer in the Community
- Product discounts
- Engaging Work Environment
- Rewards and Recognition Programs
Get wise to what’s possible with a career at Gesa. Join us!
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact the HR Department at (509) 378-3100 or [email protected] to request an accommodation.
Gesa Credit Union reserves the right to revise or change the job description as the need arises. This job description is not all inclusive of total job responsibilities nor does it constitute a written or implied contract of employment.
Selected candidate(s) must be able to pass a pre-employment drug screen which includes screening for all drugs considered illegal or controlled by the State(s) in which the candidate will be performing work, as well as, a credit/background check and a skills assessment.
Gesa Credit Union is an Equal Opportunity Employer and strong advocate of workforce diversity. Race/Color/Gender/Sexual Orientation/Gender Identity/Religion/National Origin/Disability/Veteran.