Business Audit Specialist

Business Audit Specialist

The Business Audit Specialist plays a critical role in safeguarding the Credit Union of Texas by auditing, reviewing, and validating business account documentation. This position ensures that all business accounts are accurately structured, properly authorized, and fully compliant with Credit Union policies, Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) regulations, Beneficial Ownership requirements, and other applicable federal and state laws. As a trusted subject matter expert, you will provide expert guidance to branch staff, proactively identify and resolve documentation gaps, and contribute to the overall integrity and risk management of the Credit Union's business banking portfolio.

Major Duties and Essential Functions:

• Conduct thorough audits and detailed reviews of new and existing business account documentation to verify accuracy, completeness, and adherence to internal policies and regulatory standards
• Validate authorized signers and ownership structures across diverse business entity types (e.g., LLCs, Corporations, Partnerships, Non-Profits, Sole Proprietorships, and Trusts)
• Analyze supporting business entity documents (articles of incorporation/organization, operating agreements, partnership agreements, bylaws, EIN letters, etc.) for authenticity and compliance
• Serve as the primary point of contact and subject matter expert, providing timely, accurate guidance and training to branch personnel on complex business account documentation requirements
• Identify documentation deficiencies, discrepancies, or risk exposures; collaborate with branches and other departments to promptly resolve issues and implement corrective actions
• Ensure ongoing compliance with BSA/AML, Beneficial Ownership Information (BOI) reporting, Office of Foreign Assets Control (OFAC), USA PATRIOT Act, and other regulatory obligations
• Maintain detailed audit trails, documentation records, and reporting to support internal reviews, external audits, and regulatory examinations
• Stay current on evolving regulatory changes, industry best practices, and credit union policies related to business accounts and documentation
• Participate in special projects, process improvements, and training initiatives to enhance documentation quality and operational efficiency

Other duties necessary to achieve the goals of the credit union:

Positions directly supervised:

Specific knowledge, skills, and abilities required for this position:

Education:

• High School diploma or equivalent required
• Associate's or Bachelor's degree in Business Administration, Finance, Accounting, Compliance, or a related field preferred

Experience:

• Minimum of 5 years of progressive experience in a financial institution (credit union, bank, or similar) with direct focus on business/commercial account documentation, onboarding, or compliance
• Demonstrated expertise in evaluating complex business entity structures and signer authority
• Proven track record in documentation review, audit, or quality control processes
• Experience developing or delivering training/documentation preferred
• Prior background in audit, compliance, risk management, or BSA/AML highly desirable

Physical Activities and Requirements of this Position:

Category: Finger Dexterity

Description: Using primarily just the fingers to make small movements such as typing, picking up small objects, or pinching fingers together.

Category: Grasping

Description: Using fingers and palm on an object.

Category: Talking

Description: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.

Category: Repetitive Motions

Description: Movements frequently and regularly required using the wrists, hands, and/or fingers.

Category: Average Hearing

Description: Able to hear average or normal conversations and receive ordinary information.

Category: Average Visual Abilities

Description: Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or operate machinery.

Category: Sedentary Work

Description: Sitting part of the time. Exerts up to 10 lbs. of force occasionally.

Working Conditions of this Position:

Description: Few. No hazardous or significantly unpleasant conditions except during construction wearing a hard hat is required.

Mental Activities and Requirements of this Position:

Reasoning Ability: The ability to use common sense or logic.

Category: Detailed

Description: Ability to apply common sense understanding to carry out detailed instructions and to deal with problems involving many variables.

Mathematical Ability: Basic

Description: Ability to perform basic math skills including adding, subtracting, multiplying, and dividing two digit numbers; operations with units such as inch, foot, yard; ounce, pound (or their metric counterparts), and square footage; ability to understand appraisals, compute rent rates and lease expiration times.

Language Ability: Typical

Description: Ability to use passive vocabulary of 5,000-6,000 words; read at a moderate rate; and define unfamiliar words in dictionaries for meaning, spelling, and pronunciation. Ability to write complex sentences, using proper punctuation, and using adjectives and adverbs. Ability to communicate in complex sentences, using normal word order with present and past tenses and good vocabulary. Ability to read, analyze and interpret general business periodicals, professional journals, correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, guests, vendors and the general public.

Compliance requirement

The responsibilities contained within this job description remains compliant with Bank Secrecy Act / Anti-Money Laundering, Office of Foreign Assets Control and USA PATRIOT Act as they apply to the duties of the position

Disclaimer

The information in this job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job, which may vary on the department or the assignment. The actual essential duties, responsibilities and qualifications may vary by department, reporting structure and other business needs. No inference should be drawn that a specific job duty, responsibility or qualification is non-essential by its absence from this description.