BSA Specialist

FARMERS BANK & TRUST COMPANY OF MAGNOLIA • Texarkana, TX

3d • Onsite

About The Position

The BSA Specialist assists and supports the Bank's BSA Officer and Assistant BSA Officer with BSA/AML-compliance related functions and responsibilities. This role involves serving as a day-to-day operator and subject-matter resource for the Bank’s BSA/AML and fraud monitoring platform (Verafin), including system configuration, alert management, and case workflow. The specialist will monitor, review, and disposition BSA/AML alerts, applying risk-based analysis to determine appropriate escalation, investigation, or closure. A key responsibility is investigating suspicious activity identified through system alerts and internal referrals, preparing thorough case documentation to support SAR filing decisions. The role also includes assisting with the preparation and filing of SARs and CTRs, reviewing and reconciling CTR information, large cash transactions, cash-related general ledger transactions, and the monetary instrument log. Additionally, the specialist will tune detection rules and thresholds, assist with Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD), maintain BSA records, generate and analyze monitoring reports, and respond to internal BSA inquiries.

Requirements

• Broad knowledge of such fields as accounting, marketing, business administration, finance, etc.
• Equivalent to a four-year college degree.
• Minimum of 3 years related experience and/or training.
• Excellent customer service skills consistent with Service with HEART standards to all customers - internal and external.
• Strong organization skills.
• Ability to pay close attention to detail.
• Ability to multitask and prioritize.
• Maintain confidentiality of customer and bank information at all times.
• Ensure compliance with all internal controls, established bank policies and procedures, and U.S. laws and regulations.
• Three (3) to five (5) years of experience in BSA/AML compliance, fraud detection, or financial crime investigation within a banking or financial services environment.

Nice To Haves

• Bachelor's degree in Criminal Justice, Finance, Business Administration, Information Systems, or a related field is preferred.
• Prior experience with a BSA/AML monitoring platform, Verafin or Jack Henry Financial Crimes Defender, is strongly preferred.
• Will have the opportunity to represent the bank at community events and in civic organizations.

Responsibilities

• Serve as a day-to-day operator and subject-matter resource for the Bank’s BSA/AML and fraud monitoring platform (Verafin), including system configuration, alert management, and case workflow.
• Monitor, review, and disposition BSA/AML alerts, applying risk-based analysis to determine appropriate escalation, investigation, or closure.
• Investigate suspicious activity identified through system alerts and internal referrals, preparing thorough case documentation to support SAR filing decisions.
• Assist the BSA Officer with the preparation and filing of SARs and CTRs through FinCEN’s BSA E-Filing system, and review and reconcile CTR information, large cash transactions, cash-related general ledger transactions, and the monetary instrument log.
• Tune detection rules and thresholds in coordination with the BSA Officer to reduce false positives and align monitoring with the Bank’s risk profile, identifying process automation opportunities where appropriate.
• Assist with Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD), including customer risk-rating and ongoing monitoring of high-risk relationships.
• Maintain BSA records, spreadsheets, and document tracking systems, including new customer/account entry, document indexing, and core-system field review.
• Generate and analyze monitoring reports and dashboards to support BSA Committee, Board, regulatory examination, and audit reporting.
• Respond to internal BSA inquiries, support examination preparation, assist with BSA/AML training and periodic risk-assessment updates, and perform other duties as assigned by the BSA Officer or Chief Risk & Strategy Officer.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level