BSA Specialist II
About The Position
A BSA Specialist focuses on identifying, investigating, documenting, and reporting suspicious activity in accordance with federal regulations. This person plays a critical role in helping the bank detect and prevent money laundering, fraud, terrorist financing, and other financial crimes. The BSA Specialist III is responsible for dispositioning AML alerts, conducting research/analyzing more complex cases involving potentially suspicious activity, and filing Suspicious Activity Reports timely. Knowledge applicable to money laundering to include the BSA, USA PATRIOT Act, and OFAC screening are required.
Requirements
- High School diploma or equivalent
- 2+ prior BSA experience, fraud experience, or similar banking experience required
- Possess strong skills in Word, Excel and PowerPoint
- Accurate, detail-oriented, organized and possess strong time management skills
- Must have analytical skills for understanding transactional activity, excellent verbal communication skills, and possess excellent writing skills
- Must be able to pass a criminal background & credit check.
Nice To Haves
- bachelor’s degree in finance, accounting, criminal justice, or economics preferred.
- Experience with AML tools such as Verafin, Actimize, or Abrigo
- CAMS, CBAP, or CAFP certification
Responsibilities
- Analyze suspicious account activity reported by branches and contained in BSA AML SAR software to determine whether a SAR filing may be warranted
- Once an alert appears suspicious, the SAR specialist performs a detailed investigation to review transaction histories, examine customer account documents, review KYC/CIP/EDD information, research negative news, and review related accounts or linked parties. Findings are documented within the BSA/AML software.
- Recommend File/Do Not File decisions based on analysis performed
- Prepare SAR narratives, complete all data fields, ensure that the SAR is filed within the regulatory deadline
- Maintain case documentation, including investigation notes, evidence and screenshots, case summaries, system queries, and suspicious activity logs.
- Assist SAR Officer with providing documentation as needed for internal audits and regulatory exams
- Gain good working knowledge of foreign customer identifying documents
- Field BSA inquiries from bank departments and branches
- Complete assigned job-related Bank Secrecy Act/Anti-Money Laundering training within prescribed timeframes
- Participate in all required compliance training, including Bank Secrecy Act/anti-money laundering training, as well as internal and external training programs, online training, meetings, and seminars/conferences, etc.
- Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
