Job Description

Job Description

Job Description

Platinum Federal Credit Union is a trusted financial institution committed to protecting our members and maintaining the highest standards of regulatory compliance. We are currently seeking a detail-oriented and analytical Compliance Associate with a focus on AML/BSA transaction monitoring and Know-
Your-Customer compliance to join our Compliance team.

Position Summary:

The BSA/AML Compliance Analyst plays a critical role in ensuring the credit union's compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), USA PATRIOT Act, and OFAC (Office of Foreign Assets Control) regulations. The Compliance Associate will support the credit union’s compliance efforts by performing customer due diligence (CDD), enhanced due diligence (EDD), and transaction monitoring.

Key Responsibilities:

· Assist with customer due diligence (CDD) and enhanced due diligence (EDD) processes for new and existing members.

· Help maintain accurate and complete KYC records in internal systems.

· Analyze alert triggers and investigate transactions to determine whether activity is consistent with member profiles and expected behavior.

· Conduct enhanced due diligence reviews on high-risk members, including businesses in high-risk industries, foreign nationals, and accounts with unusual activity patterns.

· Perform ongoing reviews and periodic risk assessments of money service businesses and other high-risk accounts.

· Conduct on-site visits for high-risk accounts.

· Support ongoing updates to member risk ratings and profiles based on transaction trends.

· Stay up to date with relevant BSA/AML regulations and internal compliance policies.

· Assist with compliance audits, reporting, and internal reviews.

· This role may perform other job duties as assigned by the manager.

Qualifications:

· Bachelor’s degree in Business, Finance, Criminal Justice, or related field, or equivalent work experience.

· 1 – 2 year of relevant BSA/AML analysis, fraud, compliance, transactional, retail, banking, or operational experience required.

· Excellent analytical, organizational, and communication skills.

· Proficiency in Microsoft Office and familiarity with compliance monitoring systems (e.g., Verafin, Mantas, Actimize, Fiserv AML Manager,).

· Ability to handle sensitive information with discretion and sound judgment.

Travel Requirements :

Travel is required and limited to regular business hours. There may be rare overnight travel for training.

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