BSA Officer

JOIN Soarion in 2025

We take care of our people: Joining Soarion Credit Union is the career move to make in 2025! Soarion Credit Union offers FREE Health and Dental Coverage for you as an employee, as well as a GENEROUS Paid Time Off (PTO) bank for rest and relaxation away from work! We also offer all paid days off for Federal holidays!

Role:

Our BSA Officer will be responsible for coordinating the implementation and administration of all aspects of the company-wide Bank Secrecy Act (BSA) Compliance program. This position monitors compliance and activities of the BSA Program, ensuring full compliance with state and federal laws and regulations including the Bank Secrecy Act (BSA), USA Patriot Act, Anti-Money Laundering Act (AML), Currency Transaction Report (CTR), Customer Identification Program (CIP) and Office of Foreign Asset Control (OFAC). The role involves close collaboration with internal departments, regulators, and auditors to support the integrity and effectiveness of the Credit Union's BSA/AML compliance program, ensuring timely reporting, thorough documentation, and continuous alignment with regulatory expectations.

Work Location: This is an onsite position. Occasional remote work may be available for select positions and is subject to prior approval by management.

What you will be doing:

• Ensure accurate recordkeeping and processing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs), with strict adherence to the timing requirements mandated by applicable regulations
• Conduct Office of Foreign Assets Control (OFAC) and Section 314(a) verifications; manage participation in the Section 314(b) information-sharing program.
• Monitor and analyze high-risk customer activity and reports generated to ensure compliance with the Bank Secrecy Act (BSA)
• Conduct Anti-Money Laundering (AML) investigations, including in-depth customer and account-level research and analysis.
• Monitors customer due diligence and enhanced due diligence.
• Provide analysis and documentation for due diligence, enhanced due diligence, and Suspicious Activity Reports (SARs).
• Maintain and manage BSA/AML software systems, responding to software reports and alerts.
• Identify suspicious activity based on software alerts and internal referrals.
• Conduct complex investigations in accordance with federal and state regulatory requirements.
• Attend applicable regulatory training, seminars, and/or conferences and read periodicals to maintain a current, thorough understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal activities, and developing trends.
• Accountable for creating and disseminating timely, informative communications to staff, focusing on red flags, emerging fraud trends, and key indicators to support proactive risk identification and mitigation.
• Provide BSA/AML related training to employees and maintain training completion records.
• Acts as the primary liaison during BSA exams and audits, ensuring timely submission of required documentation and resolve any identified deficiencies or corrective actions promptly and in accordance with regulatory expectations.
• Provide monthly BSA/AML reporting for presentation to the Supervisory Committee and Board of Directors.
• Develop, update, and maintain BSA/AML policies and procedures to ensure regulatory compliance.
• Responsible for identifying and reporting potential financial exploitation of vulnerable adults in compliance with the Adult Protective Services (APS) requirements.
• Perform other job-related duties as assigned.

What you'll bring along:

• In-depth knowledge of BSA/AML/OFAC laws and regulatory requirements.
• Experience with BSA/AML monitoring systems and regulatory reporting tools.
• Must have excellent analytical, investigative, and problem-solving skills to make sounds decisions.
• Must have strong decision making with no or minimal supervision.
• Ability to manage complex assignments independently.
• Demonstrate excellence in interpersonal and communication skills, with the ability to engage professionally and effectively across all levels of the organization and external stakeholders.
• Experience in financial institution operations, regulations and compliance requirements.
• Ability to maintain confidentiality and handle sensitive financial information with discretion.
• Thorough understanding of regulatory timing requirements related to BSA/AML reporting, including the ability to ensure timely and accurate submission of CTRs, SARs, and other mandated filings in compliance with federal guidelines.

Education and Experience:

• Associate degree or completion of a specialized certification such as:
  1. NAFCU Certified Bank Secrecy Officer (NCBSO)
  2. Certified Bank Secrecy Act Professional (CBSAP)
  3. Certified Anti-Money Laundering Specialist (CAMS)
• 2-4 years of investigative and analytical experience, particularly in roles involving financial compliance, fraud detection, or regulatory reporting.

Physical Requirements:

• Position is mostly sedentary activity for approximately seven (7) hours per day. Must have the ability to bend, stoop, walk, or climb stairs up to one (1) hour per day. Must have the ability to lift, transfer, or move up to 15 lbs. of equipment, supplies, or other materials.
• Work Environment: May require occasional evening or weekend work during audits or exams.

We are Committed to Equal Opportunity.

Soarion Credit Union believes in equal opportunity for all and is committed to ensuring all individuals have an opportunity to apply for the positions that they are interested in and qualify for without regard to race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic. Our Know Your Rights: Workplace Discrimination is Illegal Poster reaffirms this commitment.

Soarion Credit Union is also committed to providing reasonable accommodations to qualified individuals with a disability so that an individual can perform job-related duties. If you are interested in applying for an employment opportunity and require special assistance or an accommodation to apply due to a disability, please contact our Human Resources team at .

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