Job Description

Job Description

Job Description

Are you looking for a career that is exciting, challenging, rewarding and allows you to make a difference in your community? At St. Mary's, we are more than just a financial institution: we are also a trustworthy member of the community we serve. As a not-for-profit organization, our purpose is not to take money from our members — but to actually provide a safe and secure place for them to keep and invest their assets. After all, our members are also the owners of the credit union!

Summary:

The Senior BSA/AML Specialist is responsible for the implementation, and oversight of the credit union's Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Counter-Financing of Terrorism (CFT) compliance program. The manager will ensure the credit union's adherence to all relevant laws and regulations, including the BSA, USA PATRIOT Act, OFAC, and other related rules. This individual will serve as the primary point of contact for internal and external stakeholders on AML/CFT matters.

Job Functions:

• Reviews daily large cash transaction reports to identify required Currency Transaction Report (CTR) filings and to document review of member cash activity. Reviews CTR filings to FinCEN for accuracy and ensures timely submission.
• Reviews, research, and investigates monthly BSA/AML alerts generated by the Anti-Money Laundering Reporting (AML) Software system. Creates cases when suspicious activity is identified. Thoroughly documents analysis, findings and provides the BSA/AML/CFT Officer with a SAR/No SAR recommendation within prescribed timeframes.
• Contributes to a positive work environment and SMCU image by maintaining courteous, respectful and effective interaction, teamwork and communication with employees and members to enhance positive behaviors and employee satisfaction.
• Reviews reports daily to identify and record negotiable instruments purchased with cash between 3K-10K.
• Assist the BSA/AML/CFT Officer in preparing for internal audits and regulatory exams.
• Review, assigns, research, and investigates CDD/EDD alerts generated by the Anti-Money Laundering (AML) Software system, escalating complex cases to the BSA/AML/CFT Officer as appropriate
• Monitor for missing, or incomplete CDD Questionnaires.
• Monitor AML/CFT risks using Know Your Country. Responds to changes and updates programs and monitoring efforts when applicable.
• Identify high risk member relationships within the AML software system that require ongoing monitoring. Monitors activity and conducts enhanced due diligence as required. Thoroughly documents analysis and findings.
• Evaluate and recommend changes to Risk Agent settings/parameters within the AML software monitoring system’s Customer Risk Scoring module.
• Stays current and keeps informed of developments within the banking industry and regulatory environment relative to BSA/AML/CFT risk and compliance

Other Duties

• Attend staff, departmental, and other required meetings and trainings.
• Travel to client or prospect locations, conferences, or other professional development and networking events.
• Provides service to our membership communities by actively volunteering time to local civic and charitable organizations.
• Other duties as assigned.

Qualifications, Experience, and Education

• High School diploma or GED.
• Associate’s degree in finance, accounting, or business or equivalent in experience.
• 3 years of experience in Bank Secrecy Act, Anti-Money Laundering/Counter Financing of Terrorism, USA Patriot Act and OFAC.
• Excellent leadership, communication, and interpersonal skills.
• Certified Anti-Money Laundering Specialist (CAMS) certification is preferred.
• Proficiency in using Verafin AML Software and case management systems.

Computer and Equipment Skills

Foundational computer skills, including Microsoft Office Suite and the Internet. Ability to navigate at a basic level within web-based applications.

Use of Outlook email and calendar. Advanced skills with Microsoft applications which may include Outlook, Word, Excel, PowerPoint, Access and/or other web-based applications. May produce complex documents, perform analysis, and maintain databases.Use of online teleconferencing software (e.g., Zoom or Teams).

Competencies

The competencies of adaptability, accountability, improvement and innovation, collaboration, communication, job knowledge, customer (internal and external) service, organizational awareness, and self-development are the knowledge, skills and abilities required for the position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work Environment

Usual office working conditions with absence of most disagreeable conditions and with occasional exposure to noise.

Physical Demands

While performing the duties of this position, the individual is required to use hands, handle and feel objects, tools or controls; reach with hands and arms; talk and hear. The individual frequently is required to stand, walk and sit. The individual is occasionally required to stoop, kneel, crouch or lift up to fifteen pounds. Specific vision abilities required include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position.

We are proud to be an EEO/AA employer M/F/D/V. We look forward to hearing from you!

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