Monitors and reviews account activity for the purposes of identifying and reporting cash transactions that exceed $10,000 within a single business day and/or that would otherwise require a Currency Transaction Report (CTR).
February 13, 2020
Performs daily audit on a sampling of new accounts (may also include loan applications and changes made to existing accounts) for Customer Identification Program / Know Your Customer (CIP/KYC) compliance.
March 21, 2020
Demonstrate a high level of knowledge of Bank Secrecy Act and OFAC related responsibilities in the performance of daily operations to ensure adherence to bank policies and compliance with all regulatory requirements.
March 22, 2020
Acts with authority to reverse transactions, refund fees, grant provisional and final credits, restrict member privileges and /or to close accounts, as applicable, in cases of suspected or confirmed fraudulent activity or suspicious activity that may pose a risk to the credit union or its members.
April 09, 2020
Completes cases and side-task responsibilities as assigned by the BSA Lead Analyst, BSA Risk Officer, Fraud Risk Officer or BSA, OFAC, and ID Theft Prevention Officer.
April 23, 2020
Requires knowledge of regulatory obligations under the Bank Secrecy Act, FinCEN, OFAC and experience with SAR's from a banking perspective.
April 26, 2020
Recommend procedural and/or operational changes as well as any enhancements to the BSA/AML software to increase efficiency, ensure compliance, and to support sound risk-based decision making processes.
May 07, 2020