BSA Specialist

Bryant Bank•Birmingham, MI

5d•Onsite

About The Position

The BSA Specialist supports the organization’s Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) compliance program. The role monitors transactions, investigates unusual activity, prepares regulatory filings, and helps ensure compliance with federal reporting and recordkeeping requirements. The BSA Specialist works with operations, lending, and branch staff to identify and mitigate financial crime risk and serves as a resource on BSA/AML policies and procedures.

Requirements

Bachelor’s degree in business, finance, criminal justice, or a related field, or equivalent work experience.
Two or more years of experience in BSA/AML, fraud, compliance, or a related financial services role.
Working knowledge of the Bank Secrecy Act, USA PATRIOT Act, FinCEN regulations, and OFAC requirements.
Experience with transaction-monitoring, case-management, and screening software.
Strong analytical and investigative skills and excellent attention to detail.
Clear written communication skills, including the ability to write concise, well-supported SAR narratives.
Ability to manage multiple priorities and meet strict regulatory deadlines.
Sound judgment, integrity, and ability to handle confidential information discreetly.
Proficiency in Microsoft Office, especially Excel.

Nice To Haves

Certification such as CAMS (Certified Anti-Money Laundering Specialist) or CFCS.

Responsibilities

Review and investigate transaction-monitoring alerts to identify suspicious or unusual activity.
Prepare, review, and file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) accurately and within regulatory deadlines.
Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews for new and existing customers, including high-risk accounts.
Perform OFAC screening and resolve potential matches in accordance with policy.
Monitor and review exemptions, monetary instrument logs, wire transfers, and other reportable activity.
Maintain thorough documentation and case files supporting investigations and filing decisions.
Assist with periodic BSA/AML risk assessments and the development and updating of related policies and procedures.
Support internal testing, independent audits, and regulatory examinations by gathering data and responding to requests.
Respond to law enforcement inquiries and subpoenas, including 314(a) requests, under the direction of the BSA Officer.
Provide BSA/AML guidance and training to employees and help identify compliance gaps or process improvements.
Stay current on changes in BSA/AML laws, regulations, and industry trends.
Maintain the confidentiality of sensitive information, including the existence of SARs.
Perform other duties as assigned.