BSA Specialist II

Peoples Bank•Louisville, KY

About The Position

The position must have a clear understanding and thorough knowledge of all aspects of the Bank Secrecy Act, sanctions laws and regulations, including but not limited to the USA PATRIOT Act. The right candidate will have knowledge of all applicable government regulations, including but not limited to: Bank Secrecy Act and other anti-money laundering regulations as well as OFAC regulations and the USA PATRIOT Act, as well as an in-depth knowledge of the FFIEC BSA/AML Exam Manual. They must stay abreast of and be knowledgeable of all BSA/AML policies, procedures, and regulations. The primary focus of the BSA Specialist II is to provide support to branch and back-office staff with maintaining the Bank's BSA/AML compliance program, and to assist in meeting and maintaining all BSA/AML compliance requirements.

Requirements

Bachelor’s degree required or comparable work experience.
Two to three years of experience with BSA case management and/or database systems (maintaining and researching information).
Knowledge of general bank operations particularly branch cash handling procedures.
Ability to maintain confidentiality in respect to the customer’s financial affairs.
Excellent analytical, investigative and problem-solving skills.
Excellent written and oral communication skills.
Excellent judgmental, prioritization and planning skills and capable of working within multiple deadlines.
Ability to manage complex assignments independently and while also working effectively as part of a team.
PC proficient with strong word processing and spreadsheet skills.
Extraordinary attention to detail.
Strong organizational and planning skills.
Ability to work in a high stress, fast paced and rapidly changing environment.
Ability to assist in providing BSA/AML training as needed.
Ability to interact with others (co-workers, management, clients or vendors) in a professional and tactful manner.

Nice To Haves

Two to three years of BSA compliance experience preferred.
Two to three years of investigative and analytical experience preferred.

Responsibilities

Assist the BSA Officer with the Bank's Bank Secrecy Act program.
Ensure the required recordkeeping, processing and reporting of Currency Transaction Reports and Currency Transaction Exemption processes.
Conduct OFAC and 314(a) verifications.
Assist with monitoring higher risk customers and various reports generated for BSA compliance.
Assist with monitoring customer due diligence and enhanced due diligence alert queues.
Assist with maintaining the BSA software and responding to the software reports and alerts.
Identify and investigate suspicious activity detected in BSA/AML software reports or alerts, as well as reports received internally.
Accurately write SAR narratives as applicable.
Assist with ensuring the required recordkeeping, processing and reporting of all suspicious activity.
Attend applicable regulatory training, seminars, and/or conferences and read periodicals to maintain a current, thorough understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal activities and developing trends.
Perform special projects as assigned.