BSA/AML Specialist II (Finance)
Company Description
Ent Credit Union exists to improve the financial quality of life of the people we serve. This mission drives us every day, but we are more than our mission. We're also individuals using our unique abilities to make our organization, and the communities we serve, better than they were yesterday. We're a not-for-profit that puts people above profits and actively invests in our community. Our rapidly growing team is expanding our reach to serve more people throughout Colorado. To spread our mission far and wide, we need people like you. If you're interested in a paycheck with a purpose, apply with us today. Our people make the difference, and we truly believe you are our greatest asset.
Job Description
This role provides support to ensure the credit union meets compliance and regulatory requirements under the Bank Secrecy Act and related regulations. This position can perform all transactional BSA/AML and OFAC activities with a focus on those with higher regulatory risk, such as performing investigations, drafting Suspicious Activity Reviews (SARs), reviewing subpoenas and potential 314(a) / OFAC true matches, etc. Sufficient knowledge of transactional activities (e.g., CTR completion, Alert Monitoring) is required to perform periodic quality control reviews and may be required to perform transactional activities to assist other specialists where needed. This position must manage time appropriately to complete all tasks assigned. Any instances where performance expectations may not be met must be escalated to management.
Essential Functions
- BSA/AML Responsibilities: Preparation of all Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) submitted to the Financial Crimes Enforcement Network (FinCEN). Conduct CTR Exemption reviews on an annual and ad hoc (by request) basis. Conduct quality control/quality assurance reviews of CTRs and Monetary Negotiable Instrument Logs for accuracy and completion. Conducts investigations of suspicious activity reports received via alerts and/or employee referrals (Unusual Activity Referrals). Assist Service Centers, Call Centers, Consumer Lending, and Mortgage Lending, with mitigation of Red Flags associated with member accounts. Perform complex Enhanced Due Diligence (EDD) reviews and provide recommendations for behavioral adjustments, SAR recommendations, and other recommendations as appropriate. Conduct quality control review of International Wire Activity report review performed by other specialists to ensure potential suspicious wire activity and BSA violations are identified. Conduct quarterly Cannabis Related Business (CRB) reviews and prepare documentation for account closure presentation to management. Perform subpoena reviews and investigate for potential SAR filing. Conduct a review of the Customer Identification Program (CIP) report on a daily basis to ensure exceptions are resolved timely or to refer members for account restrictions or closure. Assists with other activities performed, if needed.
- Teamwork and People Development: Take and apply feedback received from management. Coordinates with other team members to ensure a thorough understanding of the subject matter and to solicit feedback. Meet with the management to discuss opportunities for training and/or development regarding themselves and other team members. Attempt to stay informed of developments within the credit union industry and BSA/AML and OFAC processes through reading publications, alerts, and training.
- Time Management: Manage time to complete assigned BSA/AML and OFAC activities efficiently and appropriately. Escalate potential concerns to management. Meet periodically with management to discuss the status of activities and raise potential concerns.
- Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.
Qualifications
Minimum Formal Qualifications for this Position
- Associate's Degree in Accounting, Criminal Justice, or similar field of study related to regulatory compliance and/or investigative skills.
- 3+ years' combined experience with financial institution, customer service, fraud management, auditing, performing fraud investigations or related experience to include:
- 2+ years' regulatory/compliance or fraud investigation in a financial institution, or law enforcement.
Technical or Specialized Knowledge/Skills:
- Working knowledge of the Bank Secrecy Act, Red Flag Rule FACT Act, FinCEN guidance, may be used in determining if a case is able to be prosecuted or not.
- Working knowledge of Ent transactional processes and procedures.
- Working knowledge of compliance for Bank Secrecy Act procedures and Office of Foreign Account Control procedures.
- Investigative skills.
- Demonstrate excellent problem-solving ability and consistent, logical, and effective decision-making based on fact.
- Product knowledge (ATM, Debit, Checking & Savings).
- Interpersonal communication skills including professional verbal and written communications.
- Time management and organizational skills with the ability to manage multiple and diverse on-going projects.
- Ability to work with all levels of the organization.
- Ability to develop and cultivate as a liaison with other financial institutions and law enforcement.
Certifications Required:
- Certified Anti-Money Laundering Specialists (CAMS), Certified Fraud Examiner (CFE), NAFCU Certified Bank Secrecy Officer (NCBSO), or similar certification preferred
- Bank Secrecy Act Compliance Specialist (BSACS) certification within 1 Year
- Standing - Occasionally
- Walking - Occasionally
- Sitting - Frequently
- Lifting - Rarely (40 Lbs)
- Carrying - Rarely
- Pushing - Rarely
- Pulling - Rarely
- Balancing - Rarely
- Stooping - Rarely
- Kneeling - Rarely
- Crouching - Rarely
- Crawling - Rarely
- Reaching - Occasionally
- Handling - Occasionally
- Grasping - Occasionally
- Feeling - Occasionally
- Talking - Frequently
- Hearing - Frequently
- Repetitive Motions - Frequently
- Eye/Hand/Foot Coordination - Occasionally
- Noises louder than normal speaking volume - Occasionally
- Temperature Changes - Rarely
- Atmospheric Conditions - Rarely
Additional Information
The pay range for this position is: $29.28 to $33.42 per Hour (S14)
Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, and internal pay equity.
This position is eligible for our corporate bonus program based on company performance.
Benefits Summary Sheet
At Ent Credit Union, we offer a comprehensive benefits package, including:
- Health Benefits: Affordable insurance, 24/7 doctor access, and a nationwide provider network.
- 401(k): 3% automatic contribution after three months, plus up to 6% matching.
- Paid Time Off: During your first year, enjoy 16 days of paid time off (PTO) plus 9 paid holidays. And it grows from there.
- Volunteer Time Off: Paid time off to give back to the community.
- Education Support: Up to $10,000 annually for higher education and assistance for certifications.
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Exclusive Discounts: Significant savings on home, car, and personal loans.
For more information about our outstanding benefits please visit our careers page at www.ent.com/careers.
We anticipate this position to close on 02/11/2025. Please submit your application at your earliest convenience to be considered.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
