BSA Specialist II
About The Position
Responsible for performing various duties to support the BSA Compliance function; coordinating work within the department, as well as with other departments; complying with operating policies and procedures; communicating with appropriate management and staff personnel; providing periodic reports. This role assists in originating, implementing, and maintaining the Bank's Anti-Money Laundering (AML) compliance programs to ensure conformity and adherence with all applicable state and federal laws and regulations. The specialist will maintain current knowledge of the Bank Secrecy Act and all related AML and OFAC regulations, and assist in compliance with 314(a) and 314(b) (USA PATRIOT Act) responsibilities. Additionally, the role involves monitoring account activity for suspicious patterns, conducting investigations, completing high-risk customer reviews, and resolving alerts from BSA/AML detection tools. The specialist will also assist in tracking and resolving exceptions, preparing and submitting Currency Transaction Reports (CTRs), and providing operational support for the BSA Department. This includes ensuring efficient and effective completion of BSA documentation and assisting in the coordination and support of BSA compliance audits and examinations. The position acts as a liaison between branches and the BSA Department, resolving issues and providing guidance on BSA policies. Ancillary duties may be altered based on individual circumstances.
Requirements
- Associate degree or equivalent combination of education and related work experience preferred.
- A minimum of three (3) years' general banking experience with an emphasis in compliance, audit and/or operations preferred.
- Strong communication skills.
- Proficient interpersonal relations skills.
- Working knowledge of bank regulatory policies and procedures, including Bank Secrecy Act (BSA) and Anti-money Laundering (AML) policies and procedures.
- Proficient PC skills, including Microsoft Word and Excel.
Responsibilities
- Perform various duties to support the BSA and AML Compliance function.
- Assist in originating, implementing, and maintaining the Bank's Anti-Money Laundering (AML) compliance programs.
- Maintain current knowledge of the Bank Secrecy Act and all related AML and OFAC regulations.
- Assist in compliance with 314(a) and 314(b) (USA PATRIOT Act) responsibilities.
- Monitor account activity for suspicious patterns, conduct suspicious activity report investigations, and complete high-risk customer/account reviews.
- Research, conduct investigations, and resolve alerts generated by the bank’s BSA/AML detection tools.
- Perform customer and transaction analytics to identify trends and possible suspicious activity.
- Assist in tracking and resolution of outstanding exceptions generated by BSA/AML tools and processes.
- Assist in preparation and submission of all Currency Transaction Reports (CTRs) within required timeframes.
- Provide operational support for the BSA Department.
- Ensure efficient and effective completion of all BSA documentation.
- Assist in the coordination and support of BSA compliance audits and examinations.
- Act as a liaison between the branches and the BSA Department to resolve issues or problems concerning BSA policies.
- Provide guidance to branch staff regarding BSA compliance.
- Assist the BSA Officer, as directed.
- Perform tasks which are supportive in nature to the essential functions of the job.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
