AML/CFT Professional I

About the role

The AML/CFT (Anti-Money Laundering and Countering the Financing of Terrorism) Professional is an investigative role supporting the Section Manager to identify, assess, and mitigate money laundering, terrorist financing, fraud, and related compliance risks. You will monitor suspicious activities, perform due diligence reviews, conduct risk assessments, and ensure adherence to regulatory requirements and internal policies. This position supports the credit union's AML/CFT, Bank Secrecy Act (BSA), and Office of Foreign Assets Control (OFAC) compliance efforts, contributing to the safety of the community and financial system from financial crimes and terrorism financing.

This position is in-office at our HSFCU Headquarters in Downtown Honolulu.

Responsibilities

• Investigate transaction activity alerts and related cases.
• Prepare suspicious activity reports (SARs) as necessary.
• Review transactions to ensure appropriate currency transaction reports (CTRs) are filed.
• Verify that applicable monetary instrument records are maintained.
• Assist with OFAC and 314(a) compliance.
• Support the administration and ongoing maintenance of the Credit Union's AML/CFT compliance program, including ad-hoc responsibilities.
• Gather and analyze information, prepare reports, and conduct due diligence reviews.
• Support risk assessment activities and monitor program metrics.
• Coordinate information requests related to regulatory examinations, audits, and program reviews.
• Assist in developing and implementing policies and procedures for compliance issues, particularly regarding OFAC and BSA.
• Maintain current knowledge of AML/CFT regulatory requirements, emerging financial crime trends, and credit union policies.
• Provide technical expertise, consultation, and training on regulatory compliance, particularly pertaining to BSA and OFAC.

Requirements

• 2+ years of professional work experience in financial institution operations, preferably in BSA Operations and/or Compliance.
• Strong investigative, analytical, problem-solving, and critical-thinking skills.
• Demonstrated attention to detail and ability to manage multiple priorities while meeting established deadlines.
• Understanding of financial institution operations and procedures as they relate to share operations.
• Ability to work independently and collaboratively in a team-oriented environment.
• Working knowledge of AML/CFT, BSA, OFAC, and other related regulatory requirements.
• Bachelor's degree or equivalent combination of education, training, and experience.

Preferred Qualifications

• Systems experience using Verafin monitoring system.
• Professional AML/CFT certification (e.g., CAMS, CAFP, CFCS, or equivalent).

Benefits

• Competitive Compensation: Competitive pay, merit increases, and incentives. Base annual salary range: $51,300 - $64,575 per year, with final compensation determined based on experience, skills, and internal equity.
• Health Coverage: 100% coverage for medical and dental premiums for full-time employees, plus 50% towards covering family members. Pre-tax deductions for Flexible Spending Plans available after 6 months.
• Paid Time Off: 13 paid holidays each year, plus Election Day and up to 2 full days off for Community Service. PTO accrual increases with tenure.
• Retirement Savings: 401(k) plan with up to 10% employer contributions, including a 6% match and profit sharing after the first year.
• Transportation Subsidy: 100% bus pass reimbursement or up to $100 subsidy towards parking, with pre-tax deductions.
• Health & Wellness: Access to wellness fairs, flu shot clinics, and on-site fitness centers.
• Additional Benefits: Flexible spending plans, credit union discounts, life, accident, and disability insurance.
• Growth Opportunities: In-person and online training programs, workshops, career development assistance, and tuition assistance.

HSFCU offers a dynamic and supportive work environment with a focus on teamwork, community, and employee well-being. The culture is inclusive, often described as an 'ohana' or family atmosphere, and the credit union has been recognized as one of Hawaii’s best places to work for over 15 years.