BSA Generalist

Ion Bank•Naugatuck, CT

3d•Onsite

About The Position

At Ion Bank, we pride ourselves on providing exemplary customer service and building lifetime relationships by partnering with our customers to identify and achieve their financial goals. We are passionate about our Service Standards and live by them every day. As a result of Ion’s continued growth, the bank consistently provides robust and diverse development programs for its employees with a goal of personal expansion. Not only does Ion prioritize its internal team, but additionally values the communities that the employees serve. The bank consistently encourages volunteerism from its employees to support customers and beyond. Apply now to join the Ion community! Provide friendly, personalized service to Bank customers; establish rapport to recognize and meet their banking needs. Perform financial transactions for customers accurately and efficiently. Accurately balance teller window and adhere to set policies and procedures. Respond to customers’ financial needs by actively participating in the consultative sales process. Maintain and apply a working knowledge of all applicable banking regulations. Keep all customer and proprietary Bank and customer information and assets safe and secure. Perform additionally assigned duties. As a BSA Generalist you are responsible for: Ensuring all BSA reporting and record keeping requirements are met. Assisting in the review of AML alerts and reporting potential suspicious activity to the appropriate BSA staff for further investigation. Performing various customer reviews including, but not limited to high-risk customers, potential high-risk customers, and new customer/account relationships.

Requirements

High School Diploma plus additional business/banking courses.
Over one year and up to three years banking experience and/or training or some comparable combination of education and experience.

Responsibilities

Review various monthly BSA/AML reports.
Review monetary instrument logs in conjunction with CTR review.
Identify potential structuring patterns and report to AML Analysts for review.
Analyze “potential” cash transactions and appropriately code them in the monitoring system.
Provide feedback to manager for transactions processed incorrectly.
Review money laundering alerts and report potential concerns to AML Analysts.
Enter customer due diligence information into monitoring system to aid in the money laundering investigations.
Conduct list-checking as requested.
Prepare CTRs for qualifying cash transactions performed at branch locations to include: Ensure accuracy and filing in a timely manner as defined the BSA regulation. Ensure conductor information is provided by branch for qualifying cash transactions. Follow up when necessary.
Conduct due diligence for exempting eligible customers.
Maintain supporting documentation and file appropriate exemptions with FinCEN.
Perform annual reviews for continued eligibility.
Perform customer activity reviews.
Assist in coordinating efforts to complete preparatory work prior to BSA regulatory examinations and/or audits; assist in coordinating the preparation of reports and correspondence as needed to regulatory agencies.
Ensure activities within assigned functional area of responsibility are following State and Federal regulations.