BSA & Financial Crimes Analyst
hace 5 días
Shelton
Job Description TITLE: BSA & Financial Crimes Analyst Mutual Security Credit Union is a financial cooperative owned by the members it serves through its branches in Danbury, Norwalk, Shelton, Bridgeport, and Watertown. Headquartered in Shelton, Connecticut, MSCU has been servicing Fairfield, New Haven and Litchfield counties for over 70 years and takes pride in a total membership of over 28,000 and assets over $350 Million. Join our Team and be a part of a movement that is fostering change and making a meaningful impact every day. Our employees, regardless of their role, share a passion, a focus, and the dedication to create prosperity and success in everyone’s well-being in our communities. Join us in supporting our mission and elevating your personal growth and advancement by embracing this rewarding career opportunity. GENERAL FUNCTION Responsible for monitoring, investigating and reporting suspicious activity to ensure compliance with the Bank Secrecy Act (BSA), USA Patriot Act, and other applicable regulations. This role supports: · BSA/AML (now known as CFT AML or Countering the Financing of Terrorism and Anti Money Laundering) · Financial Crimes/Fraud · Transaction monitoring, case management, case investigation and reporting for fraud related Reg E claims, · Risk mitigation, member protection and organizational compliance. MAJOR RESPONSIBILITIES 1. Embrace the movement to foster change and make a meaningful impact within the Community by exhibiting our corporate values of Integrity, Empowerment, Respect and Commitment to promote professional growth and prosperity within the organization and the neighborhoods that we serve., 2. Enhance and maintain MSCU’s Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) compliance program, including Customer Identification Program (CIP), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) and OFAC. Remain current with industry and regulatory developments., 3. Review all BSA/AML/Fraud, Watchlist alerts and Digital Banking behavioral pattern alerts, conduct investigations, prepare comprehensive case notes supported with evidence and transaction analysis. Document findings, manage cases and draft and submit all follow up reporting (SARs and CTRs) according to the deadlines and thresholds defined in the program. Escalate and provide recommendations as needed., 4. Lend support for Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) at account opening and for ongoing account changes. Conduct quality assurance review on new accounts and proactively work on outstanding account documentation. Conduct periodic and ongoing review for high-risk members and businesses., 5. Investigate and respond to all reports of suspicious activity, compliance concern, or any alleged violations of policy, rules or procedures. Escalate and provide recommendations as needed., 6. Identify potential areas of compliance vulnerability, risk and fraud; develop recommendations for corrective action plans., 7. Submit monthly SAR Activity Report to the Board of Directors., 8. Monitor compliance with OFAC/FinCEN. Report 314a matches and manage 314b requests and responses., 9. Assist with handling and preparing internal audits and the NCUA/DOB examination including the assembly of audit documents and the tracking of follow up items. Assist as needed for internal audits, including periodic Branch audit., 10. Active and contributing participant on the Fraud Committee and Compliance Committee. Membership and participation with external associations for educational purposes. Pursue on-going education including webinars, seminars and certification classes., 11. Initiate and manage the workflow of policy reviews to ensure compliance and strong internal controls., 12. Gather necessary information and assist with the Annual BSA Risk Assessment., 13. Provide support for member-initiated fraud claims including a lookback quality review of claims handling., 14. Conduct report reviews for risk mitigation including but not limited to Dormant Account review, Large Transaction review and File Maintenance Monitoring., 15. For the purpose of maintaining Credit Union goals, it is the responsibility of each employee to strive for the continuous quality improvement of processes and quality of service to internal and external members., 16. Abide by all federal, state, and local laws including but not limited to: The Bank Secrecy Act, including the Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN); Uniform Commercial Code (UCC); Federal Reserve Bank; Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration (NCUA). NOTE: The list of essential functions is not exhaustive. It may be supplemented as necessary from time to time. POSITION REQUIREMENTS 1. Two-year degree in Business, Finance, Accounting or equivalent., 2. Three (3) year bank operations experience., 3. Two (2) year bank regulatory compliance experience., 4. Extensive knowledge of Bank Secrecy Act, OFAC, USA Patriot Act and related regulations., 5. CAMS certification is desirable., 6. BSA/AML certification; or other compliance certification is a plus., 7. Prior experience working with Verafin is desirable., 8. Must be detail-oriented in interpreting, analyzing, monitoring and reporting information., 9. Must be discreet in dealing with all compliance matters., 10. Ability to make decisions, solve complex problems and apply critical thinking., 11. Ability to effectively complete multiple tasks and projects simultaneously., 12. Excellent oral and written communication skills., 13. Knowledge of Microsoft Office and other software programs as required. PHYSICAL AND MENTAL ABILITIES 1. Full-time hours required, with additional hours as necessary to accomplish objectives, goals, and projects., 2. Sitting the majority of the time., 3. The ability to occasionally lift, push, pull or carry up to 10 pounds., 4. Occasional bending, squatting, twisting, climbing, reaching above, at or below shoulder level, and kneeling., 5. The ability to meet deadlines and maintain accuracy., 6. Ability to deal with a variety of people, deals with stressful situations, and handles conflict., 7. Ability to communicate verbally and in writing, to gain new skills and knowledge, and to give, receive, and analyze information., 8. Travel required. DISCLAIMER The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to the job. WHY MUTUAL SECURITY CREDIT UNION! In addition to a competitive salary and lucrative benefits package, employees receive generous vacation and personal time off and delight in a variety of company sponsored events throughout the year. Our comprehensive benefits package includes: Medical, Dental, Vision Plans Life and Accidental Death and Dismemberment Insurance (100% employer paid) Accident and/or Illness Disability Insurance (100% employer paid) 401(k) Plan with Company Contribution Vacation, Holiday and Personal Time Off Pay Birthday PTO Day Mental Health PTO Day Volunteer Day – One paid day a year to support the causes that matter to you! Gym Membership Stipend Employee Referral Program Education Assistance Program Employee Wellness Program Leadership and Employee Development Training Programs Interested candidates please submit your resume with salary requirement. MSCU is an equal opportunity employer and is committed to fostering an inclusive and diverse workplace where everyone feels valued, respected, and empowered. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.