BSA & Compliance Analyst

Under the direction of the VP Compliance & BSA Officer, the BSA & Compliance Analyst is responsible for performing duties and assignments related to supporting and administering the Credit Union’s BSA & Compliance programs in conformance with established Credit Union policies and procedures.

Primary Responsibilities:

Performs functions, within scope of authority and expertise, to provide the highest level of service and responsiveness to members served by the Credit Union.

1. Responsible for assisting in the administration of the Credit Union’s BSA Compliance Program; specifically, to include:

- Reviewing system generated alerts on suspected suspicious activity.

- Preparing and managing cases for review and possible SAR filing. 

- Preparing currency transaction reports that meet internal and all regulatory standards for review. 

- Preparing suspicious activity reports that meet internal and all regulatory standards for review.

- Assisting in dual control of 314(a) scans. 

- Assisting in administration of the Credit Union’s OFAC program.

- Assisting with other BSA related activities as needed. 

2. Completes daily consumer account quality control (QC) reviews to ensure proper identification and due diligence documents have been obtained. Responsible for tracking outstanding QC items and reporting them to the VP Compliance / BSA Officer.

3. Responsible for assisting in the administration of the Credit Union’s Compliance program; specifically, to include: 

- Assisting in the coordination of the Credit Union’s audit program to include document collection prior to the audit, coordination with various departments for on-site audit visits, and scheduling exit interviews after the audit is completed.

- Assisting in compiling audit responses from various departments and inputting data into the Credit Union’s audit tracking software.

4. Responsible for logging, tracking, and responding to summons and subpoenas received by the Credit Union. 

5. Collaborates on special projects as needed.  

6. Adheres to all LCU policies and procedures. Responsible for compliance with the following regulations: BSA, OFAC, and other regulations as required.

Secondary Responsibilities:

1. Keeps up to date on regulatory guidance and other relevant industry standards. 

2. May respond to inquiries in the absence of the BSA Analyst.

3. Maintains in-depth working knowledge of related systems and processes. Creates and documents related procedures.

Supervisory Responsibility:

N/A.

Associate degree in business or criminal justice or its equivalent in specialized coursework and training is required. Three to five years of combined financial related experience, preferably in a bank or credit union is preferred.  Ability to obtain specific job certification and prior experience in similar position is preferred. Must be knowledgeable regarding BSA and its implementing regulations. Must be detail oriented, demonstrate strong organizational, communication, analytical and writing skills. Demonstrated ability to handle confidential information and must be comfortable working with law enforcement agencies. Proficiency in MS Office and ability to independently use related database and web applications is required. 

Employees are expected to exhibit LCU’s core values, You’re Somebody, Own It, Work Together, Be Caring, in all interactions with internal and external members to achieve the credit union’s goals and support a culture of inclusion.

This position is eligible to work remotely up to 2 days per week after 3 months of hire in accordance with the Work From Home Policy. 

Leominster Credit Union is an Equal Opportunity Employer: Minority/Female/Disability/Veteran.