BSA / Compliance Analyst

Summary of Role :

The BSA / Compliance Analyst is responsible for developing an environment which supports a culture of compliance. The BSA / Compliance Analyst assists the Compliance / BSA Officer with ensuring the organization complies with regulatory requirements applicable to all areas of the Credit Union. This position will have the authority to access all areas of the organization to monitor and test internal controls and regulatory requirements. As well as access to AML platforms to assist with monitoring BSA duties as assigned.

Essential Duties and Responsibilities

• Assist with the maintenance of the Credit Union's BSA / AML automated software system.
• Monitor system reports to verify all Currency Transaction Reports (CTRs) are identified.
• Oversee the Credit Union's Monetary Instruments Log.
• Perform 314(a) searches biweekly or as required by FinCEN and report matches as required.
• Process BSA / AML and OFAC alerts as assigned.
• Conduct transaction testing to verify Customer Information Program (CIP) data is captured in accordance with the Credit Union policy and the USA PATRIOT Act.
• Escalate alerts for second level review, under BSA Officer's direction assist with the completion of SARs.
• Provide feedback to Credit Union staff on CTRs, CIP, CDD / EDD efforts on an as needed basis.
• Assist with the compliance monitoring program regarding consumer compliance.
• Perform research and provide compliance insights to Credit Union staff on an as needed basis.
• Assist with policy or procedural changes to management that will maintain and / or improve the Compliance Management System to mitigate the risk of non-compliance.
• Assist with the collaboration to implement procedural and program changes in response to regulatory changes, compliance inconsistencies or changes to internal controls.
• Review, create, revise, implement or assist with the updating and implementation of policies, procedures, forms, and disclosures as applicable to achieve regulatory compliance.
• Remain aware of changes in regulations, analyze the changes as to the effect on credit union operations and disseminate information to the manager.
• Assist with Credit Union examinations / audits as needed.
• Report any exceptions or violations to regulations, laws or credit policies and procedures to appropriate credit union management and suggest corrective measures.
• Attending meetings and training sessions as required or requested including the preparation and presentation of materials.
• Maintain a good understanding and adhere to Orlando Credit Union policies and procedures.
• Understand and comply with all National Credit Union Administration (NCUA), Consumer Financial Protection Bureau (CFPB) and Federal Regulatory guidelines to include the Bank Secrecy Act (BSA) and its implementing regulations.
• Maintain Credit Union Confidentiality as it pertains to all functions of the credit union.
• Professional and efficient communication with all departments to promote teamwork and high-quality member service.
• Prompt, friendly, and accurate service to internal and external members.
• Other duties as assigned or requested.

Required Education, Skills, and Abilities

Education

Experience

Basic Skills

Abilities Required

Job Type : Full Time

Working Conditions

Benefits :

Physical requirements involve performing general office activities. The employee must be able to remain in a stationary position 70 percent of the time; frequently operate a telephone, computer, printer, copier, scanner, and fax machine; and occasionally move about inside the office to access file cabinets, office machinery, etc. Must frequently walk, reach with hands and arms, and will occasionally lift up to 25 pounds. All the positions at Orlando Credit Union require visual acuity, and the ability to communicate orally.

To perform this job successfully, an individual must be able to satisfactorily perform each essential duty with or without accommodation. The requirements listed above are representative of the knowledge, skill, physical demands and / or ability necessary to achieve success in this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Equal Opportunity Employer

Orlando Credit Union is an equal opportunity employer. OCU prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.