The Administrator role is comprised of two primary functions, as described below. While Administrators will be typically assigned duties that are focused on just one of these two primary functions, they may occasionally be required at management’s direction to perform duties in both functions in support of business needs.
BSA Administrator Function:
- Review and work monthly system generated cases and unusual activity referrals. Make sound decisions by analyzing transactions and performing necessary research and investigation to reach a suspicious activity filing determination and properly document investigation results
- Gather necessary information to prepare, effectively write-up a narrative and file accurate and timely SARs and CTRs, and other required federal government reports
- Follow up, as necessary, with branches, shared branches and department personnel to ensure regulatory requirements and strict deadlines are met
- Work and report FinCEN 314(a) search requests.
- Review and complete BSA and OFAC daily, monthly and quarterly reports
BSA Risk Administrator Function:
- Produce and assist with the creation of system reports and obtaining transactional activity data from other departments necessary to complete the BSA/AML Risk Assessment
- Assist with higher risk area and product/service reviews, coordinating and implementing changes to mitigate risk in the BSA department and all other applicable business units
- Analyze transactional and member data using AML risk model and other analytic tools to identify and maintain an active list of higher risk members; comply with Customer Due Diligence and Enhanced Due Diligence program requirements on high risk members
- Investigate and elevate data mapping concerns and assist with the resolution of potential system issues. Conduct system testing
- Perform Quality Control reviews on SARs, CTRs and other BSA work items
- Assist in preparing and delivering training
- Work with the BSA Risk manager in gathering, reviewing and producing requested documents for NCUA exam, BSA Independent Test, Audits and Compliance Reviews as it relates to the BSA area
- Respond to law enforcement, federal government and other third party requests for information related to specific filings and BSA work items
The selected candidate will be responsible for ensuring the security and confidentiality of all account and related information which is part of their work and for ensuring that his/her work is in compliance with all applicable laws and regulations including, but not limited to, the Bank Secrecy Act..