Global Credit Union
BSA / AML Due Diligence Analyst I
Global Credit Union, Street, Maryland, United States, 21154
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BSA / AML Due Diligence Analyst I
role at
Global Credit Union
Overview The BSA / AML Due Diligence Analyst I is responsible for ensuring Global Credit Union and its Credit Union Service Organizations (CUSOs) remain fully compliant with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, the USA PATRIOT Act, and all related federal requirements. This role is pivotal in identifying, assessing, and mitigating financial crime risks throughout the customer lifecycle from onboarding through ongoing monitoring.
Responsibilities
Review and analyze alerts and cases involving high-risk members and businesses. Conduct timely triage to assess risk relevance, escalating issues as needed and ensuring investigations are completed within compliance timeframes.
Verify member documentation, including identification and transaction records. Confirm adequate information is available to establish account holder identity and evaluate risk profiles.
Monitor new business accounts and verify beneficial owners of legal entity customers. Escalate discrepancies to appropriate business lines for prompt resolution.
Conduct in-depth analysis of member profiles, business activities, and ownership structures. Assess risks related to sanctions, terrorist financing, and other financial crimes.
Collaborate with member onboarding and internal stakeholders. Gather and clarify member information as part of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews.
Perform required CDD/EDD on high-risk members using internal databases, public records, subscription services, transaction analysis, documentation review, and internet research to support investigations.
Prepare detailed reports documenting investigative findings and recommendations. Draft and file Suspicious Activity Reports (SAR) with FinCEN when warranted.
Track case status in internal systems. Maintain accurate review dates and outstanding items related to member profiles, account activity, or documentation requests.
Review and complete subpoenas and law enforcement document requests. Assess potential risks based on the nature of each request.
Utilize credit union training platforms and third-party vendors to support ongoing education, professional growth, and staying informed of emerging AML trends, typologies, and regulatory expectations relevant to EDD processes.
Perform other duties as assigned.
Qualifications
Education:
High School graduate or equivalent
Experience:
A minimum of two years of progressively responsible experience in financial operations or a related compliance role. Demonstrates advanced investigative and analytical skills, with the ability to interpret complex data and identify patterns indicative of suspicious activity.
Possesses excellent verbal and written communication abilities, enabling clear documentation and effective collaboration across teams.
Brings a thorough understanding of accounting principles and balancing procedures, supporting accurate financial analysis.
Exhibits strong critical thinking and problem-solving skills, exercising sound independent judgment in high-stakes compliance scenarios.
Well-versed in business law and regulatory requirements, particularly the BSA and AML regulations. Prior experience in routine investigative work is highly valued.
Tenure: Minimum of twelve months in the Analyst I position with performance that meets or exceeds expectations. Directly related work experience and/or accelerated training may substitute for the tenure requirement.
Compensation
BSA/AML Due Diligence Analyst I (Category 13): $49,284 - $73,391 annually
BSA/AML Due Diligence Analyst II (Category 12): $53,226 - $81,405 annually
BSA/AML Due Diligence Analyst III (Category 11): $57,484 - $90,230 annually
Senior BSA/AML Due Diligence Analyst (Category 10): $63,233 - $99,908 annually
Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable. In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range.
Benefits
Short-term and long-term incentives
Comprehensive medical, dental and vision insurance plan with HSA and FSA options
401(k) plan with a 5% match
Employee Assistance Program (EAP)
Life and disability coverage
Voluntary cash benefits for accident, hospitalization and critical illness
Tuition reimbursement
Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
Equal Opportunity Employer Global Credit Union is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability status, or any other protected characteristic.
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BSA / AML Due Diligence Analyst I
role at
Global Credit Union
Overview The BSA / AML Due Diligence Analyst I is responsible for ensuring Global Credit Union and its Credit Union Service Organizations (CUSOs) remain fully compliant with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, the USA PATRIOT Act, and all related federal requirements. This role is pivotal in identifying, assessing, and mitigating financial crime risks throughout the customer lifecycle from onboarding through ongoing monitoring.
Responsibilities
Review and analyze alerts and cases involving high-risk members and businesses. Conduct timely triage to assess risk relevance, escalating issues as needed and ensuring investigations are completed within compliance timeframes.
Verify member documentation, including identification and transaction records. Confirm adequate information is available to establish account holder identity and evaluate risk profiles.
Monitor new business accounts and verify beneficial owners of legal entity customers. Escalate discrepancies to appropriate business lines for prompt resolution.
Conduct in-depth analysis of member profiles, business activities, and ownership structures. Assess risks related to sanctions, terrorist financing, and other financial crimes.
Collaborate with member onboarding and internal stakeholders. Gather and clarify member information as part of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews.
Perform required CDD/EDD on high-risk members using internal databases, public records, subscription services, transaction analysis, documentation review, and internet research to support investigations.
Prepare detailed reports documenting investigative findings and recommendations. Draft and file Suspicious Activity Reports (SAR) with FinCEN when warranted.
Track case status in internal systems. Maintain accurate review dates and outstanding items related to member profiles, account activity, or documentation requests.
Review and complete subpoenas and law enforcement document requests. Assess potential risks based on the nature of each request.
Utilize credit union training platforms and third-party vendors to support ongoing education, professional growth, and staying informed of emerging AML trends, typologies, and regulatory expectations relevant to EDD processes.
Perform other duties as assigned.
Qualifications
Education:
High School graduate or equivalent
Experience:
A minimum of two years of progressively responsible experience in financial operations or a related compliance role. Demonstrates advanced investigative and analytical skills, with the ability to interpret complex data and identify patterns indicative of suspicious activity.
Possesses excellent verbal and written communication abilities, enabling clear documentation and effective collaboration across teams.
Brings a thorough understanding of accounting principles and balancing procedures, supporting accurate financial analysis.
Exhibits strong critical thinking and problem-solving skills, exercising sound independent judgment in high-stakes compliance scenarios.
Well-versed in business law and regulatory requirements, particularly the BSA and AML regulations. Prior experience in routine investigative work is highly valued.
Tenure: Minimum of twelve months in the Analyst I position with performance that meets or exceeds expectations. Directly related work experience and/or accelerated training may substitute for the tenure requirement.
Compensation
BSA/AML Due Diligence Analyst I (Category 13): $49,284 - $73,391 annually
BSA/AML Due Diligence Analyst II (Category 12): $53,226 - $81,405 annually
BSA/AML Due Diligence Analyst III (Category 11): $57,484 - $90,230 annually
Senior BSA/AML Due Diligence Analyst (Category 10): $63,233 - $99,908 annually
Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable. In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range.
Benefits
Short-term and long-term incentives
Comprehensive medical, dental and vision insurance plan with HSA and FSA options
401(k) plan with a 5% match
Employee Assistance Program (EAP)
Life and disability coverage
Voluntary cash benefits for accident, hospitalization and critical illness
Tuition reimbursement
Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
Equal Opportunity Employer Global Credit Union is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability status, or any other protected characteristic.
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