Bank Secrecy Act (BSA) Specialist
About The Position
At German American, we know it is our employees’ vast knowledge base and expertise that enables us to work efficiently while providing customer service excellence to support performance. As a Bank Secrecy Act (BSA) Specialist, you support the company mission of strong performance as you meticulously review transactions, serving as a second-line of defense against money laundering and other illegal financial crimes. Your work reviewing transactions, providing support to front line staff, as well as acting as a resource for other BSA related topics, is essential in the company’s program to comply with the Bank Secrecy Act! What You’ll Do: A Day in the Life – Your focus will be on deterring and detecting those who seek to misuse the U.S. financial system. Daily you will review currency transaction reports (CTRs), customer risk rating reports, and transaction and risk alerts provided by team members or Bank Secrecy Act/Anti-Money Laundering (BSA/AML) software, as well as perform Office of Foreign Assets Control (OFAC) reviews of transactions. Your strong attention to detail will come in handy as you review reports for unusual activity on a regular basis. You will create cases for any unusual activity that you uncover to aid in meeting BSA regulatory reporting requirements. You’re a Lifelong Learner – Regulations change and to be in the know you will stay engaged with industry news and resources, as well as participate in periodic training regarding all BSA/AML&CFT related regulations. At times, travel may be required for training.
Requirements
- Excellent verbal and written communication, analytical and critical thinking, knack for research, and Microsoft Office skills
- Ability to multi-task in a regulatory reporting deadline driven environment
- Detail oriented
- Willingness and ability to learn our core processing software, BSA related software products and regulatory requirements, and bank policy
- Enthusiastic, self-motivated, and team oriented
Responsibilities
- Review currency transaction reports (CTRs)
- Review customer risk rating reports
- Review transaction and risk alerts provided by team members or Bank Secrecy Act/Anti-Money Laundering (BSA/AML) software
- Perform Office of Foreign Assets Control (OFAC) reviews of transactions
- Review reports for unusual activity on a regular basis
- Create cases for any unusual activity that you uncover to aid in meeting BSA regulatory reporting requirements
- Stay engaged with industry news and resources
- Participate in periodic training regarding all BSA/AML&CFT related regulations
Benefits
- Flexible working locations: Jasper, IN or Owensboro, KY, Evansville, IN, or Whitehall OH
- Medical, dental, vision, STD, LTD, Life insurance, etc.
- 17 days paid time off, 11 paid holidays, paid parental bonding leave, and bereavement leave
- Education Assistance
- Parental Bonding Leave
- Wellness benefits
- Life event coverage
- Service awards
- Financial benefits including 401(k) match, stock purchase plan and more
- Great deals on both national and local discounts on everything from computers and vacations to phones and retail shopping.
- Logo wear discounts
- Free checking account, checks and discounted bank services
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
