Overview

Compensation: $25.50 - $33.65 hourly based on experience and credentials Location Type: Remote (Candidate must reside in Florida - Onsite travel required semi-annually) Position Type: Full Time Schedule: Monday through Friday 8:30 AM - 5:30 PM Performs quality control activities for new accounts (personal, business, credit cards and loans) to ensure collection and consistency of data and information being processed to comply with the Customer Identification Program and Fair and Accurate Credit Transactions Act regulatory requirements. Analyzes member accounts to ensure compliance with the USA Patriot Act, Bank Secrecy Act, Office of Foreign Assets Control (OFAC), FinCEN requests/314(a), and other related requirements. Performs work critical to protecting the Credit Union from legal, regulatory, and reputation risk.

Responsibilities

• Perform post-account opening independent review of all required for the Customer Identification Program and Fair and Accurate Credit Transactions Act regulatory requirements for personal, business accounts, loans and credit cards information provided and/or completed by front office
• Identifies records, escalates, and validates stakeholder remediation relating to exceptions found in the account opening process
• Performs AML/BSA/CIP/KYC/Fair and Accurate Credit Transactions Act remediation projects as needed
• Performs and records enhanced due diligence (EDD) on KYC data as required.
• Performs independent check of AML/BSA/CIP/KYC/ Fair and Accurate Credit Transactions Act information provided by front office
• Compiles data and prepares reports on results of quality control reviews, CTR reviews, testing and other reports to include but not limited to error correction tickets, End of Month Reporting, Monthly Follow Up etc.
• Assists members and staff (front and back-office) with CIP (Customer Identification Program), Fair and Accurate Credit Transactions Act (FACTA), Currency Transaction Reports (CTR), Office of Foreign Assets Control (OFAC) and Politically Exposed Persons (PEP) questions and/or procedures
• Assists members and staff with CIP (Customer Identification Program) procedures.
• Respond to department emails received from various entities within the credit union
• Complete operational tasks/duties including but not limited to sending letters to members, placing restrictions on accounts as necessary, closing accounts and restricting removal requests
• Reviews large cash transaction reports daily to properly identify all reportable transactions
• Completes and files accurate and timely Currency Transactions Reports
• Research and investigate alerts identified in nightly OFAC/PEP search and real-time at account opening (deposits & loans) to determine whether OFAC and Politically Exposed Person (PEP) criteria are met
• Completes manual batch report scans for OFAC compliance on OFAC scanning software
• Completes 314a research for FinCEN information requests. Prepares referrals for accounts that require escalation due to 314a risk
• Reviews and documents all OFAC file updates received from the Department of Treasury (OFAC) and OFAC scanning software
• Assists with additional operational tasks as needed by management
• Completes written analyses and investigative summary reports
• Compiles documentation and evidence and maintains accurate investigative notes
• Prepare referrals for accounts that require escalation due to AML risk
• Participate in team meetings and projects by providing ideas for department improvements and efficiency opportunities
• Attends job-specific training classes as requested by the manager. Completes annual BSA/AML Compliance Training and understands employees’ role in maintaining an effective BSA/AML compliance program, and completes FACT Act Red Flag training
• Maintains a current understanding of the USA Patriot Act, Bank Secrecy Act, Office of Foreign Assets Control (OFAC), FACT Act Red Flags and related laws and regulations
• Maintain knowledge and understanding of current trends, laws, and issues affecting the area of expertise
• Attend educational events to increase professional knowledge
• Complete annual compliance and info security training to understand employees' role in maintaining effective compliance and security programs

Qualifications

• Bachelor’s degree in business administration, finance, criminology or a related field. (A comparable combination of work experience and training may be substituted for education requirements.)
• 3 or more years previous work experience with a financial institution, preferably in AML/BSA/CIP/KYC compliance.
• Certified Bank Secrecy Act Professional (CBSAP) certification preferred or must be obtained within a year of job start date
• Ability to prioritize tasks by effectively managing competing and changing priorities to meet deadlines
• Accurate, detail-oriented, and organized with task management
• Ability to analyze and resolve difficult and often complex problems or situations
• Strong written, verbal, and interpersonal communication skills to interact effectively with members, staff, vendors, and government regulators
• Strong knowledge and understanding of credit union products, services, policies, and procedures
• Strong knowledge and understanding of regulatory compliance
• Strong knowledge and understanding of credit union computer systems and software applications required to perform job duties

Benefits

Financial Well-Being: Bonus Program up to 12%, 401K Matching up to 8%, Retirement Planning, Pay Increases based on Competency, Employee Loan Discounts, Flex Spending Accounts Wellness: Medical Coverage, Dental and Vision Coverage, Access to 4,000+ Gyms, Mental Health Resources, PTO Wellness Days, Short Term and Long Term Disability Coverage Work-Life Balance: 11 Paid Holidays, 3 weeks of Paid Time Off, 4 weeks of Paid Parental Leave, Birthday PTO Community Involvement: Paid Volunteer Hours Growth: Degree Assistance up to $5,000 per year For more information, including additional benefits, please visit our benefits website at https://careers.suncoastcreditunion.com/benefits Company Overview #LOVEWORK! Employees flourish in an inclusive culture celebrating growth and prioritizing the community. For more information, please visit our careers site at https://careers.suncoastcreditunion.com/