BSA Specialist

Essential Duties:

• Review OFAC hits as identified in Verafin (or other system) and work to clear those hits or elevate the hit to management.
• Work assigned Verafin alerts related to transaction monitoring. Alerts should be decisioned timely and referred for further review when warranted.
• Work the daily Excessive Cash Report and Verafin CTRs to ensure that CTRs are completed and accurate before timely submission to reviewer.
• Participate in case meetings to determine if SAR filings are required and complete SARs as assigned that are timely and accurate.
• Perform reviews of accounts to determine that Member Identification Program (MIP) requirements were met at account opening.
• In cooperation with management, proactively support the enhancement of the Credit Union’s BSA compliance and training program.
• Partner with other areas within the Credit Union to proactively identify fraud patterns, notify law enforcement of known fraud, and provide information to management relating to identified fraud.
• Assist in the completion of risk assessments.
• Respond timely to staff and member inquiries via phone or email related to areas of responsibility. Assist in response to complaints of non-compliance as needed.
• Assist in maintaining and updating information in iQ Help, Information Desk, Portal and other knowledge databases.
• Work effectively and cooperatively with other staff, management, committee members and members to achieve common goals and objectives.
• Demonstrate strong regulatory knowledge applicable to this position and understand and comply with government regulations with particular emphasis on the Bank Secrecy Act (BSA), US Patriot Act and related regulations.
• Actively participate and fulfill expectations in the Credit Union Email Security Awareness Program as outlined in the Information Security Program Acknowledgement document.

Knowledge and Skills:

Experience:            

Three to five years of similar or related experience.

Education:    

A two-year college degree or (2) completion of a specialized course of study at a business or trade school or (3) completion of a specialized and extensive in-house training or apprenticeship program.

We value diversity in experiences and skills. If you believe you have the passion and drive to excel in this role, even if you don’t fully meet every qualification listed, we encourage you to apply. Your unique experiences, knowledge, skills, and abilities may be exactly what we need to enhance our team.

iQ offers a total compensation package for our totally exceptional employees.

There’s a reason we’ve ranked as one of top workplaces in the Pacific Northwest for the past seven years. We listen to our employees and continue to provide benefits that make a difference.

Healthcare coverage

iQ pays 100% monthly medical, dental and vision premium for you AND your dependent children.

Saving for retirement

iQ matches up to 5.5% of your 401(k) retirement dollars.

Paid time off

iQ offers 11 paid holidays plus vacation and sick time accruals.
iQ encourages community involvement through paid volunteer opportunities.
iQ uniquely offers a paid Cultural Enrichment Day to increase awareness of the diverse communities we serve.

Investing in you

iQ offers a student loan repayment match up to $100 per month.
iQ supports you in advancing your education and knowledge through tuition reimbursement.
iQ offers an annual match to amplify your nonprofit giving.

See our full list of unique benefits: iQ23-BenefitsSummary2023.pdf (iqcu.com)

iQ Credit Union is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, veteran status, or disability.