Corporate Compliance - BSA SAR Investigator I

Job Title: BSA SAR Investigator I Status: Non-Exempt Reports to: Sup - FCIC Investigations Department: Corporate Compliance Job Code: 10129 Pay Range: $30.76 - $31.00 Hourly Location: Remote in California
WHO WE ARE:
Golden 1 Credit Union is among the top credit unions in the country. As a member-owned, not-for-profit cooperative, Golden 1 is guided by the credit union philosophy of “people helping people.” We are committed to empowering our members and uplifting our communities as we create a more equitable and financially inclusive California. We welcome all who embrace our Core Values.
WHO YOU ARE:
You are a detail-oriented investigator who protects the credit union by identifying and evaluating potentially suspicious activity to ensure compliance with regulatory requirements. You apply strong analytical skills and sound judgment to assess risk, document findings, and support effective decision-making. You are committed to safeguarding the organization and its members through thorough investigations, accuracy, and integrity.
WHAT YOU'LL DO:

• Performs AML alert and case review, including research, to decide whether suspicious activity exists. Ensures alert and case determinations are appropriate, fully supported, and clearly documented.

• Execute investigations based on Client On-boarding; Maintenance; UAR’s (Unusual Activity Report); Government sources and other control areas.

• Analyze CTR's and other financial transactions to monitor/detect suspicious activity.

• Responsible for the preparation and communication of SAR reports as it relates to transaction details, analysis, findings, and supporting documentation. Responsible for filing SARs and recommend relationship retention or termination, and track account closures as required.

• Ensure accuracy of SARs by utilizing a risk-based approach for each transaction.

• Notify cross-functional departments of any suspicious activity to protect the integrity of the business and prevent further egregious behavior.

• Responsible for performing in-depth investigative research related to SAR filings on members, non-members or connected parties by utilizing a range of internal data (e.g., transaction activity, KYC, etc.) and external data (e.g., internet, media, legal, corporate, and other publicly available records, and databases).

• Assist with the data collection, research, investigation, and timely completion of 314(b) requests for information, and law enforcement requests.

• Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including OFAC Sanctions, Executive Orders, FACTA, Reg. CC, Reg. E, UCC, Check 21, Bank Secrecy Act, Anti-Money Laundering laws, Visa and other card related regulations appropriate to the role.

• Comply with all established internal audit, security and Credit Union rules, regulations, and departmental procedures. Maintain knowledge by keeping updated with required regulations or procedures through emails, publications, online resources, and procedure changes.

• Maintain confidentiality of documentation and communications to and from members, other institutions, law enforcement and vendors.

• Review, research, and disposition FRAML, OFAC and FinCEN alerts, accurately and within specified timeframes.

• Work detailed investigations from start to finish. Assists with other investigative efforts within the department, as well as identify and report trends.

• Act as a liaison with other local and federal law enforcement, and other financial institutions.

QUALIFICIATIONS AND PREFERENCES:

• Associate’s Degree or combination of professional experience and education required

• 1+ years experience in a financial institution with job specific work experience in AML Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements required

• Experience in investigating customer transactions and reviewing customer information required

• Experience with creating SARs required

WHY JOIN US:
Golden 1 Credit Union provides its employees a market-competitive and internally equitable total rewards compensation package through a variety of programs. These programs are designed to attract, motivate, and retain employees that drive and support the achievement of Our Mission, Vision, and Strategic Goals. The Credit Union is committed a total rewards philosophy built on; a comprehensive compensation package, well-being and work-life balance, career development and growth, rewards and recognition, and a commitment to Diversity, Equity and Inclusion. We believe in fostering a workplace where every employee is recognized, valued, and motivated to contribute their best.
Please view the full job description detailing the complete list of duties and expectations for this role by clicking or copying this URL into your browser:
DISCLAIMER/INTENT AND FUNCTION OF JOB DESCRIPTIONS:
The above information on this description has been designed to indicate the general nature and level of work performed by team members within this classification. Because the nature of positions and job functions can change over time, this job description is not designed to contain or be interpreted as a comprehensive inventory of all essential functions, duties, responsibilities and qualifications requirements of team members assigned to this job. Job duties may be changed or modified in the Credit Union’s discretion. The Credit Union will keep team members updated on key functions, duties, and requirements of their position by communications from the Credit Union and by updating the job description from time to time. Any team member with questions about the nature of their job duties is encouraged to consult with their supervisor.
If you will work at least 8 hours a week in San Francisco, then pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records. Please note that, as an NCUA-insured financial institution, all selected candidates must satisfy the background screening requirements of the Federal Credit Union Act, which restricts employment of individuals with certain convictions.
Originally posted on Himalayas