Job Description

Description Join Our Team For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Named one of America's Best-In-State Credit Unions by Forbes Magazine in 2022, Teachers has grown into one of the leading credit unions in the United States. As we broaden our national reach, we will continue to ensure that Teachers is a Best Place to Bank and a Best Place to Work. Teachers offers a variety of exciting career opportunities ranging from part-time and full-time staffers to executive leadership roles. Summary: Teachers Federal Credit Union is committed to combating financial crimes and integrating Bank Secrecy Act/Anti-Money Laundering & Office of Foreign Assets Control (BSA/AML & OFAC) regulations and policies into all aspects of the Business and Operational functions. At Teachers, the BSA Department has primary oversight of developing the framework and guiding the strategies to ensure our Business leaders and executives have the tools they need to advance the critical Anti-Money Laundering and Sanctions compliance mission to build resiliency and safeguard the Credit Union and our members. The EDD Analyst II is responsible for implementing and executing the Credit Union's BSA/AML compliance program, including the Know Your Member/Member Due Diligence/Enhanced Due Diligence program, and assists in meeting and maintaining BSA compliance requirements. The EDD Analyst II performs periodic reviews of the Credit Union's members that are at elevated risk for money laundering in compliance with the Bank Secrecy Act and USA PATRIOT Act. Education and/or Experience: Bachelor's degree (B.A. / B.S.) or a minimum of eight years directly related experience required Minimum three years of BSA/AML required, with experience conducting Know Your Customer/Member and Enhanced Due Diligence reviews and developing and implementing related processes and procedures required Financial crimes certifications or able to complete certification within first year of employment (e.g., ACAMS, CAFP, ACSS, etc.) Skills: Excellent written and verbal communications skills Strong organizational and time management skills Computer Skills (Microsoft Excel, Word, PowerPoint) Strong research skills, including conducting open source/internet research using a variety of sites and methods (including but not limited to LexisNexis) Working knowledge of the Bank Secrecy Act, the USA Patriot Act, OFAC regulations, strategies and federal regulatory enforcement policies Familiarity with Verafin preferred Familiarity with core customer information system (Fiserv/DNA) a plus; Research wires - familiarity with WirExchange a plus Job Responsibilities: Conduct periodic and annual Enhanced Due Diligence reviews of high-risk accounts, including negative news searches, in-depth account analysis, and account documentation reviews, to ensure compliance with BSA/AML & OFAC Compliance Policy, Member Identification Program Policy, and all applicable procedures. Performs member due diligence reviews, including annual and ad hoc alerts and cases as well as quarterly reviews of the institutions 5300 Call Report for Money-Service Businesses Compiles information and statistics to use in reports to management, including BSA Officer. Identifies and reports on changing trends in anti-money laundering, staying informed on industry best practices, emerging risks, and changes to applicable BSA/AML and banking regulations. Reviews and investigates alerts and cases generated by the Member Risk Rating system (Verafin) and assists in the monitoring and reporting of accounts where suspicious/unusual activity has been noted. Performs periodic account reviews, often of a complex nature, and prepares reports and case investigation documents for discussion with business and operations teams. Reviews and investigates cases, updates member risk factors and ratings in the automated risk rating system (Verafin) as needed. Working with First Line of Defense across the enterprise, manages the Request for Information (RFI) process, submitting and tracking RFIs with business and operations teams related to ongoing AML or EDD investigations. Provides insight and feedback in relation to BSA KYM/EDD policy, procedures and job aides. Provides subject matter expertise and guidance to business and operations teams on KYM/MDD/EDD policies and procedures to enhance the compliance framework. Supports BSA Compliance Manager in developing and fostering KYM initiatives, including but not limited to the creation and implementation of training resources, job aides and equivalent tools. Supports Quality Assurance activities, including remediating identified gaps, developing training and guidance, and other actions as needed to improve quality of work products. Escalates potentially unusual or suspicious activity, or potential OFAC/sanctions issues as appropriate. Supports compliance with 314(a) and 314(b) (PATRIOT Act) information sharing responsibilities and responds to subpoena and law enforcement inquiries, as needed. Leads or assists with additional duties and responsibilities as assigned. Benefits of Joining the Teachers Team: We provide a competitive compensation and benefits package that includes, but is not limited to: Paid time off for vacation, personal days, and holidays Fully-funded pension plan 401(k) company contribution Teachers pays 100% of Dental & Vision premium Tuition reimbursement is offered to full-time employees Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers The good faith range for this position is $31.50 - $37.50 an hour. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law. All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility. To learn more about Teachers and to view a full list of our job opportunities please visit Click here to view: California Privacy Notice #LI-CG1 Teachers Federal Credit Union

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