BSA Specialist

JOB REQUIREMENTS: Description *This position is located in Oshkosh, WI. If you are interested in hybrid work, you must live in WI, MN or IL.* POSITION SUMMARY The BSA Specialist serves the Risk Management team by assisting with the overall compliance of the credit union to ensure the credit union's risks are mitigated and all regulations are followed. POSITION RESPONSIBILITIES Complete all daily Bank Secrecy Act (BSA) reporting for the credit union, such as: Review and analyze alerts and reports produced by Verafin and internal Request for Investigations (RFIs) to determine if member is money laundering or involved in terrorist activity. Investigate and gather supporting documentation to provide recommendations to the Compliance Officer and SAR Committee regarding the filing of a Suspicious Activity Report (SAR). Investigate business member behaviors detected from Verafin alerts and SAR filings. Contact members when necessary. Maintain a strict schedule for performing Enhanced Due Diligence on current high-risk business member relationships. I.e., ATM Owners, Money Services Business, Non-Profits. Use Verafin to monitor risk ratings and appropriate EDD reviews. Complete on-site visits if necessary. In Verafin document Customer Due Diligence (CDD) on current business members and beneficial owners. Provide detailed description of the members business model. Contact new and existing business membership when necessary to better understand their declared business behaviors. Assist with review of newly opened business accounts to determine the appropriate CIP information was documented. Report any exact OFAC matches to the Compliance Officer immediately. Annually, prepare review and analysis of Exemptions for CTR filing of business members. Regularly report to the Compliance Officer the status of duties, projects and assignments. Keep current and knowledgeable about BSA compliance issues and regulations through resources which may include newsletters, webinars or seminars. Assist team members with compliance questions or issues. Assist with the evaluation the Credit Union's policies, procedures, products, and programs to ensure compliance with applicable laws and regulations and to assess risk potential of the same. Make recommendations for change where appropriate to ensure compliance and minimize loss exposure. Assist in the revision and/or design of forms, products, web site, programs, or materials to ensure compliance with all State and Federal rules and regulations. Complete Bank Secrecy Act Compliance Specialist (BSACS) certification within 2nd year in position. Additional duties are assigned. Qualifications EDUCATION AND EXPERIENCE Associate's degree (A.A.) or equivalent from a 2-year... For full info follow application link. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity, disability or veteran status ***** APPLICATION INSTRUCTIONS: Apply Online: ipc.us/t/77B701EA1B7F425E