BSA/AML/OFAC Compliance Analyst (Must Reside in Texas)

Job Description and Requirements

Randolph-Brooks Federal Credit Union is currently searching for an experienced and talented BSA/AML/OFAC Compliance Analyst to join our amazing BSA Compliance team! 

The BSA/AML/OFAC Compliance Analyst performs a wide variety of Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Asset Control (OFAC) duties and pro-actively monitor, research, analyze, and escalate all suspicious activity to ensure continuous compliance with the regulatory guidelines and applicable laws. In addition, the BSA/AML/OFAC Compliance Analyst will be responsible for timely filing required reports, as well as compliance with BSA record-keeping requirements.

Essential Functions and Responsibilities:

• Uses cognitive and analytical abilities to identify money laundering patterns and trends, suspicious activities, and irregular activity through understanding of financial patterns of activity. 

• Uses strong written communication ability to create detailed documentation of reviews of suspicious activity, resolution and/or escalation of alerts, as well as any immediate action needed.

• Through strong investigative skills, evaluates and analyzes complex information identified during investigations to make appropriate recommendations that may require additional monitoring and/or Suspicious Activity Report (SAR) filing.

• Provides assistance to the team and other business units throughout the credit union to support, educate, guide, and answer questions relating to BSA/AML, OFAC and Customer Identification Program (CIP).

• Stays abreast of BSA/AML, OFAC, and CIP regulatory updates and change. Complies with regulatory requirements and internal policies and procedures.

• Monitors transactional activity and provides quality control support for the submission of Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTR). Complies with all submission deadlines, as required.

• Reviews and analyzes OFAC alerts to determine potential match and take appropriate action, including prompt escalation to management. 

• Triages internal Suspicious Activity Incidents (SAIs) to ensure appropriate information has been captured and establishes a case within the monitoring system, as procedurally required.

• Communicates with senior level team members to escalate suspicious activity in order to determine immediate action to pro-actively protect the organization.

• Reviews and monitors reports and escalates to appropriate management and team members, as needed.

• Within the regulatory required time frame and in the required frequency, process the 314(a) list against the credit union's database. Reviews alerts generated by the database and escalate any findings and recommendations to management.

• All other duties as assigned (Note: essential functions and responsibilities may change or new ones may be assigned at any time with or without notice).

Requirements:

• High School Diploma or G.E.D.

• Minimum of 1 year job-related experience

• Overall knowledge of BSA/AML and OFAC regulatory requirements

• Ability to pay close attention to detail and desire to strive for accuracy

• Effectively manage responsibilities independently and in an organized manner in a fast-paced environment

• Bank Secrecy Act Certified Specialist (BSACS) or equivalent certification required within one year

• Ability to effectively communicate, both written and verbally 

• Must be able to articulate investigation findings in well written/documented narratives

• Effectively work with Microsoft Office products and other software

• Efficient and effective time management skills

All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status, or other legally protected status.