Senior BSA Specialist

German American Bancorp • Owensboro, KY

1d

About The Position

The Senior BSA/AML Specialist plays a critical role in protecting the financial institution from money laundering, terrorist financing, and other financial crimes. The position serves as a key line of defense, ensuring compliance with the Bank Secrecy Act (BSA)

At German American, we know it is our employees’ vast knowledge base and expertise that enables us to work efficiently while providing customer service excellence to support performance. As a Senior Bank Secrecy Act (BSA) Specialist, you support the company mission of strong performance as you meticulously review transactions, serving as a second-line of defense against money laundering and other illegal financial crimes. Your work reviewing transactions, providing support to front line staff, as well as acting as a resource for other BSA related topics, is essential in the company’s program to comply with the Bank Secrecy Act.

What You’ll Do:

A Day in the Life – Your focus will be on deterring and detecting those who seek to misuse the U.S. financial system. Daily you will review currency transaction reports (CTRs), customer risk rating reports and forms, and transaction and risk alerts provided by team members or Bank Secrecy Act/Anti-Money Laundering (BSA/AML) software, as well as perform Office of Foreign Assets Control (OFAC) reviews of transactions. You will also be completing high risk customer reviews along with reviews of customer activity for CTR exemptions. Your knack for detail will come in handy as you review reports for unusual activity on a regular basis. You will create cases for any unusual activity that you uncover to aid in meeting BSA regulatory reporting requirements. Additionally, you will be involved in 314B information sharing with other financial institutions. You will create and submit Suspicious Activity Reports. You will participate in system reviews designed to validate functionality of software programs used by the BSA team.

You’re a Lifelong Learner – Regulations change and to be in the know you will stay engaged with industry news and resources, as well as participate in periodic training regarding all BSA/AML related regulations. At times, travel may be required for training.

Requirements

• Excellent verbal and written communication, analytical, research, and Microsoft Office skills
• Ability to multi-task and prioritize in a regulatory reporting deadline driven environment
• Detail oriented
• Willingness and ability to learn our core processing software, BSA related software products and regulatory requirements, and bank policy
• Enthusiastic, self-motivated, and team oriented
• Willing to mentor team members

Responsibilities

• Review currency transaction reports (CTRs)
• Review customer risk rating reports and forms
• Review transaction and risk alerts provided by team members or Bank Secrecy Act/Anti-Money Laundering (BSA/AML) software
• Perform Office of Foreign Assets Control (OFAC) reviews of transactions
• Complete high risk customer reviews
• Review customer activity for CTR exemptions
• Review reports for unusual activity on a regular basis
• Create cases for any unusual activity that you uncover to aid in meeting BSA regulatory reporting requirements
• Involved in 314B information sharing with other financial institutions
• Create and submit Suspicious Activity Reports
• Participate in system reviews designed to validate functionality of software programs used by the BSA team
• Stay engaged with industry news and resources
• Participate in periodic training regarding all BSA/AML related regulations

Benefits

• Flexible working location: Evansville, IN or Jasper, IN or Owensboro, KY or Whitehall, OH
• Medical, dental, vision, STD, LTD, Life insurance, etc.
• 17 days paid time off, 11 paid holidays, paid parental bonding leave, and bereavement leave
• Education Assistance Program
• Parental Bonding Leave
• Wellness benefits
• Life event coverage
• Service awards
• Financial benefits including 401(k) match, stock purchase plan and more
• Great deals on both national and local discounts on everything from computers and vacations to phones and retail shopping.
• Logo wear discounts
• Free checking account, checks and discounted bank services

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed