BSA / AML Specialist

Job Description

Job Description

Description :

The Bank Secrecy Act (BSA) Specialist will prevent money laundering at the money source and be responsible for assisting the BSA Officer with compliance monitoring reviews and other special projects to measure and understand the state of regulatory compliance for the organization. As criminal activity is suspected, the BSA Specialist will start the investigation process by creating a case file and working with the BSA Officer to further investigate the customer and their actions. This may include investigating and identifying activity for possible Suspicious Activity Report (SAR) filings; researching and determining if a SAR should be filed; ensuring all required filings, reports, reviews, and duties are completed and submitted timely; and meeting all regulatory guidelines. The BSA Specialist will provide investigative support regarding possible Suspicious Activity Report (SAR) / Currency Transaction Report (CTR) and provide research, guidance and determination for OFAC clearing items related to consumer and business transactions or other BSA requirements

PRINCIPAL DUTIES AND RESPONSIBILITIES

1. Assist with the alert workload and the monitoring for suspicious patterns / activity and fraud, conduct

suspicious activity report investigations, as well as high risk customer / account reviews, and

recommend when to file and not file Suspicious Activity Reports (SARs). May assist in the filing of

SARs when n necessary.

2. Conduct enhanced due diligence reviews which entails research, the gathering of documents,

composing a well written narrative, making appropriate recommendations, and assigning appropriate

risk factors.

3. Perform 90-day SAR follow up reviews; recommending whether continuing activity SAR should be

completed.

4. Assist in the preparation and submission of all Currency Transaction Reports (CTRs) within the

regulatory deadline of 15 days.

5. Ensure proper identification and adherence to the Bank’s BSA Program including, but not limited to;

CIP, CDD / EDD / BO, OFAC and record keeping and retention requirements.

6. Ensure BSA files remain current, accurate, and well-documented.

7. Participate in ongoing training to maintain current knowledge of BSA / AML and OFAC regulatory

requirements.

8. Assist in the compliance of 314(a) and 314(b) responsibilities.

9. Monitor potential OFAC matches and take appropriate action to escalate them when necessary.

10. Other duties may be assigned by the BSA Officer.

11. Complies with federal and state regulations and all established bank policies and procedures.

OTHER RESPONSIBILITIES

• Support and promote the Bank vision, mission and core values, organizational structure and policies

and procedures.

should remain composed.

environment

This job is not eligible for remote.

Requirements :

Or willingness to learn.