Ascend Federal Credit Union
BSA Coordinator
BSA Coordinators are responsible for overseeing the credit union's compliance with the Bank Secrecy Act and related regulations as well as ensuring operations adhere to anti-money laundering (AML) standards and effectively identify and report suspicious activities. Responsible for maintaining compliance with Bank Secrecy Act (BSA), Anti-Money Laundering Act (AMLA), USA Patriot Act, the Fair and Accurate Credit Transactions Act (FACTA) Identity Theft Red Flags Program, and Office of Foreign Asset Control (OFAC) compliance. Responsibilities include staying current on industry trends, contributing to the ongoing improvement of the organization's AML detection practices, providing independent decision-making based on suspicious activity alerts, conducting comprehensive investigations of suspected money laundering or terrorist financing activities, identifying risk related to money laundering and terrorist financing, identifying accounts which meet discretionary criteria to be investigated, completing and submitting electronic Currency Transaction Reports (CTRs) to FinCEN, developing and maintaining the OFAC Sanctions Program, verifying and updating internal watch list, providing assistance with the Customer Identification Program (CIP), Red Flag, and Identity Theft program, ensuring the Monetary Instrument Log is accurate, identifying opportunities to enhance and streamline BSA reporting and workflow processes, using discretionary authority to determine the disposition of members identified on the OFAC SDN and FinCEN 314(a) list, providing specialized support to employees relevant to BSA, OFAC, FACTA, and the USA Patriot Act, maintaining the STAMP Medallion Signature Guarantee Program, preparing written communication in a thorough, clear, organized and timely manner, adhering to the credit union's retention policies and applicable regulations concerning the retention of BSA/AML documentation and data, utilizing proper resources to document, track, and manage ongoing regulatory reporting, breaking down problems and issues in order to assess costs, benefits and risks of various options prior to selecting a particular approach, gathering sufficient information to allow a trustworthy assessment of risks and benefits of alternative approaches, reading all internal publications, and performing other duties as required or assigned. Qualifications include education with two years college with emphasis in business administration or equivalent experience, work experience with 3-5 years of financial institution experience required and 3-5 years of CTR reporting and BSA experience preferred, knowledge, skills, and abilities including the ability to use critical thinking skills in order to break down problems, gather information and stay focused on objectives in an effective and efficient manner, ability to organize and prioritize work with minimum supervision, must possess a high degree of poise and tact to represent the credit union positively in outside contacts and employees, possess excellent verbal and written communications skills, must possess a valid, unrestricted driver's license, working knowledge of computer programs including Word Perfect, Microsoft Word, Microsoft Outlook, and Excel, must be able to be trained on surveillance and access control systems, must be proficient in internet navigation, must be able to operate or have the ability to be trained to operate related office equipment, including calculator, computer terminal (PC), multifunction copier, telephone, fraud fighter, and typewriter, and regular and reliable attendance is required.
BSA Coordinators are responsible for overseeing the credit union's compliance with the Bank Secrecy Act and related regulations as well as ensuring operations adhere to anti-money laundering (AML) standards and effectively identify and report suspicious activities. Responsible for maintaining compliance with Bank Secrecy Act (BSA), Anti-Money Laundering Act (AMLA), USA Patriot Act, the Fair and Accurate Credit Transactions Act (FACTA) Identity Theft Red Flags Program, and Office of Foreign Asset Control (OFAC) compliance. Responsibilities include staying current on industry trends, contributing to the ongoing improvement of the organization's AML detection practices, providing independent decision-making based on suspicious activity alerts, conducting comprehensive investigations of suspected money laundering or terrorist financing activities, identifying risk related to money laundering and terrorist financing, identifying accounts which meet discretionary criteria to be investigated, completing and submitting electronic Currency Transaction Reports (CTRs) to FinCEN, developing and maintaining the OFAC Sanctions Program, verifying and updating internal watch list, providing assistance with the Customer Identification Program (CIP), Red Flag, and Identity Theft program, ensuring the Monetary Instrument Log is accurate, identifying opportunities to enhance and streamline BSA reporting and workflow processes, using discretionary authority to determine the disposition of members identified on the OFAC SDN and FinCEN 314(a) list, providing specialized support to employees relevant to BSA, OFAC, FACTA, and the USA Patriot Act, maintaining the STAMP Medallion Signature Guarantee Program, preparing written communication in a thorough, clear, organized and timely manner, adhering to the credit union's retention policies and applicable regulations concerning the retention of BSA/AML documentation and data, utilizing proper resources to document, track, and manage ongoing regulatory reporting, breaking down problems and issues in order to assess costs, benefits and risks of various options prior to selecting a particular approach, gathering sufficient information to allow a trustworthy assessment of risks and benefits of alternative approaches, reading all internal publications, and performing other duties as required or assigned. Qualifications include education with two years college with emphasis in business administration or equivalent experience, work experience with 3-5 years of financial institution experience required and 3-5 years of CTR reporting and BSA experience preferred, knowledge, skills, and abilities including the ability to use critical thinking skills in order to break down problems, gather information and stay focused on objectives in an effective and efficient manner, ability to organize and prioritize work with minimum supervision, must possess a high degree of poise and tact to represent the credit union positively in outside contacts and employees, possess excellent verbal and written communications skills, must possess a valid, unrestricted driver's license, working knowledge of computer programs including Word Perfect, Microsoft Word, Microsoft Outlook, and Excel, must be able to be trained on surveillance and access control systems, must be proficient in internet navigation, must be able to operate or have the ability to be trained to operate related office equipment, including calculator, computer terminal (PC), multifunction copier, telephone, fraud fighter, and typewriter, and regular and reliable attendance is required.