Northwest FCU
Senior BSA Analyst
Northwest FCU, Herndon, Virginia, United States, 22070
Overview
The Senior BSA Analyst is responsible for assisting with anti-money laundering compliance initiatives by providing support to the credit union's BSA department on BSA/AML/OFAC related issues. The Senior BSA Analyst investigates, documents and reports suspicious activity in alignment with regulatory obligations to help ensure compliance with BSA/AML/OFAC and USA PATRIOT Act regulations.
Responsibilities
Performs member and transaction analysis to identify trends and possible patterns of suspicious activity to include information from the following sources: BSA monitoring system, reports, branch referrals, new accounts, subpoenas, and 314(a) requestsConducts additional suspicious activity report investigations, high risk customer/account reviews, enhanced due diligence reviews, and recommends when to file Suspicious Activity Reports (SARs)Assists in the preparation and submission of all Currency Transaction Reports (CTRs) within required time-framesReviews and clears OFAC alerts generated by the Credit Union's systemsAssists in the development, coordination, and facilitation of training programs to educate Credit Union personnel about BSA related compliance requirements and proceduresAssists in the preparation of the BSA Risk Assessment on an annual basisProvides support to the Branches and Operations Support with BSA related questionsMaintains files and records on cases for audit and regulatory reviewConducts recurring reviews of BSA-related reports (e.g., beneficial owner reviews, OFAC scan verification)Maintain current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulationsPerforms other related duties as assignedRemains cognizant of and adheres to NWFCU policies and procedures as well as regulations pertaining to the Bank Secrecy Act (BSA)Qualifications
Required
High school diploma or equivalent5 years of experience in BSA Compliance within a financial institution or related roleKnowledge of federal banking BSA related laws and regulations governing financial institutionsHigh degree of initiative, results-oriented and able to work independently with little supervisionStrong organization skills, ability to learn quickly, and accurately and complete tasks timelyHigh level of personal integrity, and ability to professionally handle confidential matters.Strong analytical ability, and the capacity to conduct research, interpret and understand laws and regulations, and provide practical recommendations and solutions to problemsStrong, verbal and written communication skillsMust be able to work in a fast paced environment with demonstrated ability to juggle multiple competing tasks and demandsAbility to obtain BSA/AML/OFAC certification within two years of hireAbility to work effectively on-site in our Herndon, VA headquarters and equally effectively remotelyHybrid remote workAbility to work the hours of M-F 8am - 4:30pmPreferred
Bachelor's degree in finance, legal studies, public policy, general business or another related fieldBSA/AML certification (e.g. ACAMS, NCBSO)Familiarity with Verafin (BSA/AML monitoring system)
Additional Compensation
Northwest Federal offers a comprehensive and inclusive benefits program, which includes medical, dental and vision plans for you and your family, 4 weeks paid vacation, 12 paid holidays, 24 hours of paid volunteer time, parental leave, company paid disability and life insurance, and a generous 401(k) plan with up to 7% employer match.
EEO Notice
Northwest Federal Credit Union is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.
NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Department at 703-709-8900 or HRDepartment@nwfcu.org.
The Senior BSA Analyst is responsible for assisting with anti-money laundering compliance initiatives by providing support to the credit union's BSA department on BSA/AML/OFAC related issues. The Senior BSA Analyst investigates, documents and reports suspicious activity in alignment with regulatory obligations to help ensure compliance with BSA/AML/OFAC and USA PATRIOT Act regulations.
Responsibilities
Performs member and transaction analysis to identify trends and possible patterns of suspicious activity to include information from the following sources: BSA monitoring system, reports, branch referrals, new accounts, subpoenas, and 314(a) requestsConducts additional suspicious activity report investigations, high risk customer/account reviews, enhanced due diligence reviews, and recommends when to file Suspicious Activity Reports (SARs)Assists in the preparation and submission of all Currency Transaction Reports (CTRs) within required time-framesReviews and clears OFAC alerts generated by the Credit Union's systemsAssists in the development, coordination, and facilitation of training programs to educate Credit Union personnel about BSA related compliance requirements and proceduresAssists in the preparation of the BSA Risk Assessment on an annual basisProvides support to the Branches and Operations Support with BSA related questionsMaintains files and records on cases for audit and regulatory reviewConducts recurring reviews of BSA-related reports (e.g., beneficial owner reviews, OFAC scan verification)Maintain current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulationsPerforms other related duties as assignedRemains cognizant of and adheres to NWFCU policies and procedures as well as regulations pertaining to the Bank Secrecy Act (BSA)Qualifications
Required
High school diploma or equivalent5 years of experience in BSA Compliance within a financial institution or related roleKnowledge of federal banking BSA related laws and regulations governing financial institutionsHigh degree of initiative, results-oriented and able to work independently with little supervisionStrong organization skills, ability to learn quickly, and accurately and complete tasks timelyHigh level of personal integrity, and ability to professionally handle confidential matters.Strong analytical ability, and the capacity to conduct research, interpret and understand laws and regulations, and provide practical recommendations and solutions to problemsStrong, verbal and written communication skillsMust be able to work in a fast paced environment with demonstrated ability to juggle multiple competing tasks and demandsAbility to obtain BSA/AML/OFAC certification within two years of hireAbility to work effectively on-site in our Herndon, VA headquarters and equally effectively remotelyHybrid remote workAbility to work the hours of M-F 8am - 4:30pmPreferred
Bachelor's degree in finance, legal studies, public policy, general business or another related fieldBSA/AML certification (e.g. ACAMS, NCBSO)Familiarity with Verafin (BSA/AML monitoring system)
Additional Compensation
Northwest Federal offers a comprehensive and inclusive benefits program, which includes medical, dental and vision plans for you and your family, 4 weeks paid vacation, 12 paid holidays, 24 hours of paid volunteer time, parental leave, company paid disability and life insurance, and a generous 401(k) plan with up to 7% employer match.
EEO Notice
Northwest Federal Credit Union is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.
NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Department at 703-709-8900 or HRDepartment@nwfcu.org.