BSA Specialist II - Case Reviewer

Towne Family of Companies•Suffolk, VA

About The Position

The BSA Case Reviewer’s primary objective is to investigate anomalous activity identified through internal referrals and escalated system generated alerts for suspicious activity such as money laundering and terrorist financing. In addition, the Case Reviewer is responsible for preparing well-written narratives, obtaining documentation to support the results of investigations conducted, and preparing Suspicious Activity Reports (SARs) when applicable.

Requirements

3-5 years banking experience, knowledge of branch and/or loan operations or quality assurance reviews
2-3 years of BSA/AML investigations experience
Working knowledge of federal requirements under the Bank Secrecy Act requirements including Customer Identification Program, USA PATRIOT Act and Office of Foreign Assets Control (OFAC) regulations, and be familiar with FFIEC BSA/AML Manual guidelines
Ability to comply with regulatory deadlines
Knowledge of bank products and services
Ability to develop strong relationships with peers, and ability to interact with multiple levels of management, internal and external auditors/examiners
Ability to work independently and within a team setting
Strong written and verbal communication skills
Detail oriented with good organization skills
Ability to handle confidential customer information
Working knowledge of Microsoft Office Suite

Nice To Haves

Bachelor’s degree in related field such as business management, criminal justice, accounting, or economics
Participant of a BSA/AML Certification program or current certification (ACAMS) or in process
Law enforcement investigation experience, such as financial crimes
Experience in a financial institution with asset size $10B and over

Responsibilities

Conduct investigations of unusual activity patterns identified through escalated alerts and internal referrals using internal bank systems, open-source searches, and transaction history analysis
Conduct more in-depth investigations, such as those generated from law enforcement referrals, escalations from other departments, higher risk members, etc.
Recommend case decisions to Management while documenting results of case investigations by preparing supporting documentation and SAR forms to be filed with FinCEN
Conduct 90-day follow-up reviews to determine if there is continued suspicious activity
Complete all assigned reviews within stated department Service Level Agreements, which are based on strict regulatory deadlines
Display leadership and collaboration by becoming a Subject Matter Expert and resource for others on the team and in the department
Assist department with refresher training to Branch personnel on BSA/AML compliance
Assist department with data management efforts, such as identifying data anomalies as they relate to AML initiatives and BSA/AML regulations
Assist the team with monitoring and administration of the BSA-SAR Mailbox
Assist Supervisor and/or BSA Reporting Manager with department projects as needed
Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).