BSA Specialist (Finance)
People Helping People, that is what Sunmark Credit Union is all about!
Why join the Sunmark Squad? Sunmark is a local credit union making a big difference in our community. For 85 years, we strive to build brighter financial futures and brighter communities. We build relationships with our members and look for solutions for all their financial needs through our "Good Vibes" culture. As a team member, you will find satisfaction in your career by assisting with our members finances, volunteering through our foundation team, and career growth opportunities.
Our Risk Management team is Growing! Typical hours, Monday-Friday 8-4:30pm.
Starting pay, $68-70k based on experience.
Facilitate the credit union's Anti-Money Laundering Program (Bank Secrecy Act and Office of Foreign Asset Control. Provides backup to the fraud, security, quality control, compliance, and general risk management functions.
- Reviewing and researching money laundering alerts;
- Filing of Currency Transaction and Suspicious Activity Reports;
- Tracking and reporting on BSA-related activities for presentation to the Board of Directors;
- Responding to 314(a) and 314(b) information requests;
- Responding to subpoenas and other information requests from Law Enforcement;
- Reviewing potential OFAC and watchlist matches;
- Conducting initial due diligence on legal entities and enhanced due diligence on high-risk members/accounts;
- Completing risk assessments related to compliance with and/or required under the Act;
- Trains staff and provides on-going communication with regard to BSA/OFAC matters; and
- Maintains BSA procedures and creates/updates internal resources as needed for staff use, on the credit union's Intranet.
Assists the Compliance and Risk Management functions. Responsibilities include:
- Assist in performing routine risk-related tasks and compliance reviews;
- Assist in implementing regulatory or procedural changes related to AML/BSA/OFAC;
- Assist with project implementation by providing insight into any AML/BSA/OFAC implications;
Seeking candidates with a college degree and a minimum of 1 year experience in BSA/AML or compliance, preferably in the financial services industry. Must be well organized, have strong computer and communication skills. Ability to work with sensitive information.
