Credit Union 1 is hiring: Cannabis Analyst in Lombard

Credit Union 1 is Recognized as a Chicago Tribune and Las Vegas Review-Journal Top Workplace 2023

We are excited to announce that Credit Union 1 has been recognized as a Chicago Tribune and Las Vegas Review-Journal Top Place to work for the third year in a row! The Top Workplaces explore how organizations create and sustain a positive and productive work culture. A great culture is important to Credit Union 1 and our culture is made up of more than great benefits and time off.

Join the Credit Union 1 Team

If you are highly motivated, friendly, and looking for a great place to work, join the Credit Union 1 team. As an employee of Credit Union 1, you will be part of a well-established and respected credit union that offers you amazing benefits, along with both stability and the opportunity for a great career path.

Top reasons to begin a career at Credit Union 1:

• Get paid for NOT working 13 holidays each year!
• Paid Time Off (PTO) begins accruing day one of employment
• Tuition reimbursement for approved courses (after 1 year)
• Free Employee Assistance Program (EAP)
• Livongo Diabetes Management Program
• Career growth opportunities it's our philosophy to promote from within whenever possible. Credit Union 1 is committed to your success and professional development.
• Excellent benefits packages including:
  • Medical PPO insurance
  • High Deductible Health Plan (HDHP) and Health Savings Account (HSA)
  • Dental & vision insurance (employee coverage 100% company paid)
  • Life, AD&D, short and long-term disability insurance (100% company paid)
  • 401(k) retirement and profit-sharing plan
• Being part of a team providing services with the goal of improving the ongoing economic well-being of our members.
• Exclusive interest rate reduction for qualifying loan products.

The Job at a Glance

The Cannabis Analyst is responsible for assisting in the managing, implementing, administering, and maintaining of the Bank Secrecy Act ("BSA"), Anti-Money Laundering ("AML"), and Office of Foreign Assets Control ("OFAC") Program specifically designed to ensure the Cannabis-Related Business ("CRB") program is in compliance with related laws and regulations, internal policies and procedures, and state and federal regulatory expectations. The position requires the candidate to be knowledgeable and skilled in BSA/AML/OFAC and CRB compliance and must be able to recognize, develop, and assist in the implementation of cost-effective compliance related solutions for the MRB's BSA/AML/OFAC program.

A Typical Day

Responsible for performing a variety of duties to support the CRB's compliance of BSA/AML/OFAC administration functions, including the following:

• Stays current with regulatory requirements regarding MRB and BSA/AML/OFAC compliance to determine the effect on CU1 policies, procedures, and practices, and makes recommendations and implements changes under the guidance of the Cannabis Supervisor to increase compliance efficiency and effectiveness.
• Works closely with the CRB Relationship Managers on all BSA/AML/OFAC related topics daily to ensure the compliance program is consistent with current industry best practices, regulatory guidance, and requirements.
• Assists and prepares all required regulatory reporting, ensuring that it is conducted in a timely, accurate, and compliant manner, including the filing of Currency Transaction Reports ("CTRs"), Suspicious Activity Reports ("SARs"), FinCEN 314(a) and 314(b) procedures and reporting.
• Assist with reviews, edits, and analysis of daily reportable cash transaction activity and complete CTRs, ensuring timely and accurate information is reported.
• Assists with maintenance and periodic reviews of written policies and procedures necessary to ensure the CRB's Program is compliant with BSA/AML/OFAC compliance.
• Assist in the enhancement, development, implementation, and administration of the BSA/AML/OFAC monitoring systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity.
• Assists the Cannabis Supervisor to maintain an effective Customer Due Diligence ("CDD")/Enhanced Due Diligence ("EDD") risk rating and monitoring program on all CRB accounts to include initial and ongoing risk assessments, and review and analysis of unusual/suspicious account activity.
• Assists the Cannabis Supervisor to establish and maintain appropriate SAR investigations, review and reporting processes that promote consistent decision; adequate investigations and research; and detailed documentation. Files SARs, as necessary.
• Assists with the review of all new customer portfolios/accounts to ensure all CIP, customer due diligence and Beneficial Ownership information and documentation has been obtained; assist in communicating with CRB Relationship Manager to assure that missing items are received.
• Assists with the review of exempt account activity; monitor CTRs and monetary instrument forms, maintains complete and accurate records of reviews.
• Assists with the CRB's BSA/AML/OFAC risk assessments annually or as needed with consideration to products, services, customers, and geographies that may present BSA/AML/OFAC related risks.
• Assist Cannabis Supervisor with preparation and responses for Federal and State examinations, internal and external audits. Assists with implementing corrective action of all related compliance deficiencies or violations.
• Perform other CRB Program BSA/AML/OFAC tasks as assigned.

What We Look For

• Strong interpersonal, communication (written and verbal), and organizational skills with the ability to work independently, as well as, collaboratively within a team environment.
• Ability to interact effectively with all levels of management, legal counsel, law enforcement, regulators and examiners while maintaining strict confidentiality.
• Strong decision making, analytical and investigative abilities with attention to detail and accuracy.
• Bachelor's degree or equivalent in related field or specialized compliance education/training preferred.
• Minimum of (4) years working with BSA compliance or related experience required.
• Strong understanding of financial institutions deposit operations, lending activities and other related consumer banking and compliance functions.
• Consumer compliance knowledge and/or experience preferred.
• Bank Secrecy Act Compliance Specialist (BSACS) or equivalent, required.
• Certified Anti-Money Laundering Specialist (CAMs) required.

Special Requirements:

• Travel (approx. 20-40% of time)
• After and Weekend Hours (as needed by CRB Clients)

Location: 450 E. 22nd Street, Lombard, IL