BSA Compliance Analyst

Description

Are you looking for a rewarding career with an organization that puts people first? Credit Union of Georgia is looking is growing our Compliance Department and looking for a talented individual to join our team!

The BSA Compliance Analyst ensures the credit union operates in full compliance with the Bank Secrecy Act and related regulations. This role is responsible for monitoring member account activity, identifying potential risks, and supporting compliance initiatives to protect the credit union from financial and reputational harm.

Responsibilities:

• Responsible for upholding and adhering to Credit Union of Georgia brand standards including following all of the steps of our unique member journEASE experience and to Engage, Ask, Solve and Excite and deliver top level member service every time.
• Analyzing transaction monitoring alerts, and making the right decision timely.
• Understand Currency Transaction Reporting requirements, including reviewing reports and making corrections, conducting CTR Exemption initial and annual reviews, monitoring daily cash reports to ensure they coincide with CTR’s generated in the BSA/AML monitoring system.
• Review all Enhanced Due Diligence questionnaires for completion and accurate information.
• Upload 314a FinCEN reports and review possible watchlist matches.
• Review Powers of Attorney submitted by members for proper format and content.
• Initial review must be completed and communicated to branch staff within 7 calendar days.
• Perform evaluations of the Credit Union's internal control systems by reviewing daily reports, incorporating narrative descriptions, and reports findings to AVP of Compliance and Audit
• Reviews and monitors Credit Union policies and procedures to ensure compliance with State and Federal Credit Union regulations.
• Ability to conduct compliance audits independently to ensure the integrity of the Credit Union’s internal controls, note, report, and track exceptions to compliance policies and procedures.
• Participate in compliance training and continuing education to maintain proficiency with Credit Union compliance laws and regulations.
• Perform other job-related duties as assigned.

Requirements

• Strong understanding of federal and state regulations, including the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, USA Patriot Act, Georgia Department of Banking and Finance Chapter 80, Know Your Customer (KYC), Office of Foreign Assets Control (OFAC), and Regulations E, N, P, Z, and DD.
• Demonstrated integrity, ethics, and professionalism in all interactions.
• Excellent verbal and written communication skills with the ability to clearly explain technical processes to employees at all levels.
• Strong problem-solving skills with the ability to gather, analyze, and interpret information effectively.
• Proven ability to investigate and identify fraudulent or suspicious activity, make sound decisions, and assess risks related to consumers, businesses, products, services, and geographic locations.
• Knowledge of business types, typical transaction patterns, and the ability to distinguish between normal and abnormal member activity.
• Advanced proficiency in Microsoft Excel and familiarity with other Microsoft Office applications.
• Understanding of credit union operations, basic accounting principles, and compliance with federal and state laws.
• High attention to detail with the ability to manage multiple priorities accurately and efficiently.

Requirements

• Two to five years of similar or related experience, including time spent in preparatory positions.

Education/Training

• High school diploma or GED required
• Bachelor’s degree in Business or a related field preferred.
• All employees must complete annual training modules including but not limited to cyber security, bank secrecy act as well as other compliance and regulatory requirements.