BSA SAR Investigator I

J  o  b    D  e  s  c  r  i  p  t  i  o  n

THE DETAILS

Job Code:

10129

Grade:

19H

Status:

Non-exempt

POSITION AND PURPOSE

The BSA SAR Investigator I is responsible for performing independent reviews and analysis of possible suspicious activity to ensure compliance with the Bank Secrecy Act (BSA) and the USA PATRIOT Act. This role provides research and evaluation of anti-money laundering (AML) alerts and accurately documents analysis and findings in the Golden1 case management system. Additionally, you may complete defined tasks to support the creation of Suspicious Activity Reports (SAR) and other relevant documentation related to non-SAR filing decisions. You will recommend a course of action for most events, while occasionally seeking guidance from a higher-level investigator or Supervisor in unusual or uncommon situations. This role specializes in the review of complex and high-risk functions within the department to ensure regulatory compliance with BSA/AML and OFAC, and all investigations pertaining to potential money laundering, terrorist financing, and cybercrime. The BSA SAR Investigator I is responsible for providing support to the BSA Supervisor in maintaining Compliance with Golden1 Credit Union's BSA Program.

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 excel at uncovering patterns hidden within complex financial activity and using sound judgment to determine when further action is needed. Your investigative mindset, attention to detail, and ability to connect information from multiple sources help you identify suspicious behavior and support regulatory compliance. You take pride in conducting thorough research and documenting clear, well-supported conclusions that help protect the organization from financial crime.

THE WORK

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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.

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

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

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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.

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

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

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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).

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

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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.

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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.

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

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

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

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

QUALIFICATIONS

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

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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

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Experience in investigating customer transactions and reviewing customer information required

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Experience with creating SARs required

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Written and verbal communication skills, along with strong interpersonal skills to effectively communicate with internal and external stakeholders.

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Knowledge of Credit Union products, services, policies & procedures.

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Operating knowledge of AML/BSA, OFAC and Federal/State Regulations.

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Good organizational and analytical skills.

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Strong attention to detail in working and investigating files with emphasis on deadlines.

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Strong PC skills – Windows and MS Office Suite.

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Knowledge to operate electronic banking equipment.

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Must be self-motivated and capable of exercising sound judgement, working both independently as well as in a team environment.

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Certified Anti-Money Laundering Specialist (CAMS) preferred

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Professional Certified Investigator (PCI) preferred

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Certified Fraud Investigator (CFI) preferred

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Certified Financial Crimes Investigator (CFCI) preferred

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Certified Fraud Examiner (CFE) preferred

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Takes Initiative - Owns tasks and responsibilities 

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Delivers Results with Agility - Meets deadlines and adapts

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Collaborates Across Teams - Works well within the team Solves Problems Proactively

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Handles day-to-day challenges Builds Trust and Credibility - Demonstrates reliability 

ORGANIZATIONAL CONTACTS AND RELATIONSHIPS

INTERNAL:

All business units and departments as needed.

EXTERNAL:

Federal, state, and local law enforcement, vendors and business partners, and industry peers as needed.

WORKING CONDITIONS

Work time includes weekend and after-hours time, based on organizational needs. This position works in-office where working conditions, lighting, temperature, audio, and workspace are all sufficient.

PHYSICAL REQUIREMENTS

Work requires the ability to constantly operate a computer and the ability to read, type, and communicate. Work may require the ability to move work-related supplies weighing up to 10-15 pounds.

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.

DECLARATION/ACKNOWLEDGEMENT

This job description outlines the essential functions and physical/mental requirements necessary to perform this role. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.