BSA Compliance Specialist II

TITLE:

BSA Compliance Specialist II

REPORTS TO:          AVP Risk Management                                                                                                       

FLSA:

Exempt 

CATEGORY:             Full Time

SEGMENT:

Compliance

PAY GRADE:            Grade 10

The BSA Compliance Specialist II is responsible for leading and enhancing the credit union’s Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and related regulatory compliance programs. This role independently performs and oversees complex transaction monitoring, conducts in-depth investigations of suspicious activity, and ensures timely, accurate filing of required regulatory reports, including SARs and CTRs. In addition to hands-on case work, the position provides subject matter expertise, supports the development and refinement of monitoring processes, and helps ensure consistent application of regulatory requirements across the organization. The Senior Specialist also conducts and/or reviews enhanced due diligence for higher-risk member accounts and business relationships, and partners with internal stakeholders to strengthen compliance controls and mitigate financial crime risk in alignment with applicable laws, regulations, and internal policies

1. Member Service and Value – Deliver exemplary service internally and externally in accordance with the credit union’s service standards and in a professional manner that projects confidence, knowledge, and ability to provide options and solutions to meet member needs within established policies and procedures. Interactions with members provide value and generate goodwill and a positive image of MCCU as a trustworthy financial institution. 
2. Accountability/Accuracy/Efficiency – Maintain a superior level of attention to detail and ensure accuracy in all transactions and activities performed. Organized and thorough in completing duties and a reliable team member. Ensure established processes and procedures are complied with and are consistently executed. Display self-motivation. Accept responsibility for own actions and hold others accountable to maintain appropriate levels of performance in accordance with established policies and procedure.  
3. Team Player- Possess exceptional collaborative skills to work cross functionally with various departments and operational areas to solve problems and advance ideas and innovation. Maintain positive working relations with all credit union team members to achieve corporate and departmental goals and objectives. Treat people with respect; keep commitments; inspire the trust of others.    
4. Decision Making - Consistently apply superior data driven decision-making techniques pertaining to job duties, inquiries, approvals, and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as a tool for development. Exercise good judgement in making decisions, ensuring appropriate supervisory approvals are obtained.
5. Communication – Exhibit strong communication skills with internal and external stakeholders. This includes appropriate collaboration and engagement of staff and other higher-level executives in information gathering and sharing, projecting management, and implementation of projects and other assignments. It also includes communication with vendors, members, and other external parties. Respond to inquiries or refers inquires to the appropriate department or person and exhibiting the necessary follow through with members and/or staff involved.

Responsibilities and duties related to this function are:

• BSA/AML/OFAC Monitoring & Program Oversight – Lead the administration and optimization of automated BSA/AML/OFAC monitoring systems. Review and investigate complex alerts, analyze system effectiveness, identify detection gaps, and recommend enhancements to strengthen risk identification and regulatory compliance. 
• Suspicious Activity Reporting & Regulatory Filings – Independently prepare, review, and file SARs, CTRs, FinCEN 314(a) requests, and other required regulatory reports. Ensure timely and accurate filings, oversee CTR exemption determinations, and compile trend analysis and reporting for management and Board review. 
• Enhanced Due Diligence & High-Risk Member Oversight – Conduct enhanced due diligence reviews for high-risk members and business accounts, validate risk ratings, monitor ongoing activity, and provide guidance regarding CIP/CDD requirements and documentation standards. 
• Compliance Reviews, Audits & Regulatory Support – Conduct compliance reviews of loan files, new accounts, and operational processes to assess adherence to regulatory and internal requirements. Support internal audits, file maintenance report review, examinations, branch reviews, legal requests, subpoenas, internal reviews, and regulatory inquiries while tracking corrective actions and resolutions. 
• Regulatory Compliance Monitoring & Program Development – Monitor regulatory changes related to BSA, AML, OFAC, USA PATRIOT Act, and related regulations. Assist in updating policies, procedures, controls, and training programs to ensure ongoing compliance and program effectiveness. 
• Risk Assessment, Fraud Monitoring & Financial Crime Prevention – Maintain and support the enterprise BSA/AML risk assessment process. Identify suspicious activity, emerging fraud trends, and financial crime risks through data analysis and transaction monitoring, escalating concerns as appropriate. 
• Training, Guidance & Compliance Leadership – Serve as a subject matter resource for BSA/AML/OFAC compliance. Support the development and delivery of training, communicate regulatory updates and emerging risks, and promote a strong culture of compliance throughout the organization. 
• Records Management & Program Support – Ensure compliance with record retention requirements, maintain confidentiality of sensitive information, support regulatory reporting obligations, and perform additional duties to strengthen the overall compliance program and enterprise risk management framework

The incumbent is in a non-confined office type setting in which he or she is free to move about at will.  The position includes driving to MCCU branches which includes exposure to the outside weather elements and moving mechanical parts.  It may include some minor annoyances such as noise, odors, drafts, etc.  

While performing this position, the incumbent spends time writing, typing, speaking, listening, lifting (up to 75 pounds), driving, carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling, and reaching. The incumbent for this position may operate any of the following: telephone, cellular telephone, copy and fax machines, adding machine (calculator), scanning equipment, encoder, money counter, credit card terminal, computer terminal, laptop computer, and related printers, or other equipment as directed.

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

The incumbent in this position must be able to accommodate to reading documents or instruments, detailed work, problem solving, member and vendor contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions.

Leadership reserves the right to change this job description at any time according to business needs.

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position.  The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner.  Individual abilities may result in some deviation from these guidelines.

Education & Experience

• Bachelor’s degree in Business, Finance, Accounting, Criminal Justice, or related field preferred (or equivalent combination of education and experience) 
• 3-5 years of experience in BSA/AML compliance, fraud investigations, or financial crimes monitoring within a financial institution or regulated environment 
• Credit union or banking experience strongly preferred 

Technical Knowledge & Expertise

• Strong working knowledge of BSA, AML, OFAC, USA PATRIOT Act, FinCEN regulations, and related guidance 
• Experience with transaction monitoring systems, case management tools, and core banking platforms 
• Demonstrated experience preparing SARs, CTRs, and handling regulatory filings 
• Strong understanding of CIP, CDD, and Enhanced Due Diligence requirements 
• Familiarity with fraud detection concepts and financial crime typologies 

Skills & Competencies

• Advanced analytical and investigative skills with the ability to assess complex transactions and patterns 
• Strong attention to detail with high accuracy in regulatory reporting 
• Ability to work independently and exercise sound compliance judgment 
• Strong written and verbal communication skills, including report writing for senior leadership 
• Ability to manage multiple priorities in a deadline-driven environment 
• Strong collaboration skills and ability to influence cross-functional partners 

Certifications (Preferred)

• CAMS (Certified Anti-Money Laundering Specialist) preferred or in progress 
• Other relevant certifications in compliance, fraud, or risk management a plus