BSA Specialist

Job Summary: The BSA Specialist is responsible for assisting the AVP of Compliance with the administration of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), Member Identification Program (MIP), and overall Credit Union compliance related to these areas. Responsibilities include maintaining current knowledge of applicable laws and regulations, conducting investigations of suspicious or fraudulent activity, preparing regulatory reports, assisting with law enforcement and legal requests, and supporting the Credit Union's overall BSA/AML compliance program.

Job Summary: The BSA Specialist is responsible for assisting the AVP of Compliance with the administration of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), Member Identification Program (MIP), and overall Credit Union compliance related to these areas. Responsibilities include maintaining current knowledge of applicable laws and regulations, conducting investigations of suspicious or fraudulent activity, preparing regulatory reports, assisting with law enforcement and legal requests, and supporting the Credit Union's overall BSA/AML compliance program. The BSA Specialist is expected to identify and mitigate risk while protecting the Credit Union and its members from financial crime Qualifications: Required: Associates Degree or completion of specialized training and/or certification in Compliance. Minimum of one (1) years of working in the banking industry or related equivalent field. Must maintain reliable transportation to work as scheduled and travel to branch locations or other business-related locations as required. Essential Elements of the Job: Analytical & Investigative Thinking: Identify and analyze customer relationships for unusual and suspicious activity. This may include a review of system generated Actimize alerts. Technical Writing & Documentation Accuracy: Provide accurate documentation of the suspicious activity and recommend appropriate actions. Regulatory Reporting Proficiency: Prepare Suspicious Activity Reports (SARs) and follow appropriate review, documentation and follow-up steps as outlined in Banks BSA/AML Program. Review and submit Currency Transaction Reports (CTRs). Review legal requests, law enforcement requests, fraud investigation referrals, and conducts account reviews from a BSA/AML/USA Patriot Act perspective. Stay up-to-date with changes in BSA regulations and advise senior management on any necessary changes to the credit unions BSA program. Ethical Judgement & Information Security: Maintain confidentiality of reports and documentation as required by law. Cross-Functional Communication & Influence: Communicate internally to all lines of business to obtain additional information and further documentation to complete analysis of identified accounts, and provide recommendations for case resolution, including account closure. Operational Support & Compliance Collaboration: Provide other assistance as requested to the BSA/AML Officers in the daily responsibilities of managing the Banks BSA/AML and OFAC Compliance Program. Training Development: Assist in the development and implementation of the BSA training program for all staff. Maintain a positive and professional image, consistently embodying the Credit Unions mission, vision and values. Additional Job Requirements: Assist with Vendor Due Diligence program as needed and ensure new contracts and required due diligence documentation is collected. Provide support and assistance to the AVP of Compliance during examination/audit for federal regulators and internal/external auditors. Update policies and procedures as necessary. Actively participate in Compliance/Credit Union seminars and workshops as required. Other administrative duties as assigned by the AVP of Compliance to meet department goals. Job Skills and Work Relations: Required: Written Communication Preparing clear, accurate, and well-structured case narratives, SARs, CTR documentation, and internal communication. Documenting investigative findings in a manner that supports regulatory review and audit requirements. Verbal Communication Effectively explaining findings, concerns, and recommendations to BSA leadership, internal business partners, and compliance staff. Asking clarifying questions and participating productively in discussions related to investigations and compliance matters. Multitasking & Time Management Managing multiple alerts, cases, and reporting deadlines simultaneous. Prioritizing workload efficiently to ensure timely completion of regulatory filings and internal reviews. Abstract Reasoning Identifying patterns, trends, or anomalies across customer activity that may not be immediately apparent. Drawing logical conclusions from incomplete or complex information during investigations. Reading Comprehension Interpreting transaction records, system alerts, regulatory guidance, and legal or law-enforcement requests accurately. Applying written policies, procedures, and regulatory requirements appropriately to investigations. Problem-Solving Skills Evaluating investigative findings and determining appropriate next steps or escalationRecommending reasonable and compliant actions based on risk, evidence, and regulatory expectations Physical Effort and Working Conditions: Employee performs duties in a standard office environment involving remaining in a stationary position most of the time, keyboarding close vision, and communication. May be required to move up to 50 pounds. Employee may work with a desktop computer, printer, copier, calculator, cash advance machine, scanner, telephone, Video Teller Machine (VTM) equipment, and other miscellaneous office equipment as needed. Employee may occasionally travel to surrounding area branches for networking, business development, or required training. Benefits: 401(k) 401(k) matching Dental insurance Paid Short & Long-Term Disability insurance Health insurance Paid Life insurance Paid time off Paid Vision insurance 16 Paid time off volunteer hours Loan rate discounts Sick Time Paid holidays (Federal holidays observed) Personal Time Tuition Reimbursement Competitive Pay Financial Planning Identity Theft Monitoring Comprehensive training provided by a dedicated training staff MidWest America is an equal opportunity employer. We are committed to creating a diverse and inclusive workplace where all individuals are treated with respect and dignity. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, genetic information, veteran status, or any other characteristic protected by applicable federal, state, or local law. All qualified applicants will receive consideration for employment.