BSA Compliance Specialist I

SIMON•Little Rock, AR

About The Position

The BSA Compliance Specialist I is responsible for reviewing transaction data through system-generated alerts to identify unusual activity or activity that has potential money laundering, terrorist financing, or other financial crimes concerns. This role involves maintaining accurate documentation of analysis of reviews and actions taken for audit and regulatory records. The specialist ensures that all departmental documents and activities are performed in compliance with applicable laws, regulations, policies, and procedures, including the completion of required compliance training. Simmons Bank, a subsidiary of Simmons First National Corporation, is a publicly traded bank holding company headquartered in Arkansas, with over 3,000 associates and $28 billion in assets across multiple states. The company fosters a dynamic culture recognized for collaboration, integrity, passion, high performance, and a commitment to personal and professional growth, offering career opportunities and wellness programs.

Requirements

Ability to read and comprehend simple instructions, short correspondence and memos.
Ability to read and interpret documents such as procedure manuals, general business correspondence and/or journals or government regulations.
Ability to read, analyze and interpret financial report and/or legal documents.
Ability to write simple-to-business correspondence, routine reports, and procedures.
Two to four years’ experience in an equivalent position (if no BS/BA Degree).
Proficiency in MS Word, Excel, PowerPoint, and Outlook.
Good time management, communication, and organizational skills.

Nice To Haves

BS/BA Degree (4 year) from an accredited university /college.

Responsibilities

Review transactional activity to identify unusual or potentially suspicious activity.
Maintain accurate documentation of analysis of reviews and actions taken for audit and regulatory records.
Ensures that all departmental documents and activities are performed in compliance with applicable laws, regulations, policies and procedures as applicable to this position, including completion of required compliance training.
Performs other duties and responsibilities as assigned.