BSA Specialist

The BSA Specialist is responsible for BSA Department tasks, such as reviewing cash reports, preparing and filing currency transaction reports, alert review, investigating suspicious activity, and new account documentation review. Additionally, the BSA Specialist will review, maintain, and update data in other areas of compliance related to the BSA (Bank Secrecy Act) and other AML (anti-money laundering) laws and regulations concerning BSA, AML, OFAC, CIP, CDD and EDD.  This person will assure compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.

• Review and work daily cash report
• Prepare and file CTRs electronically
• Review alerts produced by BSA monitoring software
• Perform data analysis to identify trends and anomalies
• Investigate potential suspicious activity
• Present suspicious activity cases to BSA Committee
• Review new account documentation, Customer Due Diligence, and Beneficial Ownership
• Review legal orders received by the bank
• Review Monetary Instrument Log
• Escalate suspected suspicious activity to BSA Officer.
• Assist with preparation of Bank specific BSA training sessions for Bank staff and board of directors.
• Assist with preparing the annual Risk Assessment and BSA Program Policy.
• Assist with audit and exam requests.
• Support Fraud Department, including answering customer phone calls
• Ensure compliance with all operational consumer compliance regulations.
• Other duties as assigned

• Bachelor’s degree from an accredited college or university; or 5 years of related experience in the financial services industry; or equivalent combination of education and experience.
• Knowledge of related state and federal banking compliance regulations, including UCC, Reg E, Reg CC, OFAC, and BSA.
• Excellent verbal and written communication skills – must be able to explain complex data findings in simple terms
• Exceptional attention to detail with a high degree of accuracy
• Superior customer service skills
• Strong organizational and time management skills with the ability to manage multiple priorities
• Knowledge of Microsoft Office products, including Word, Excel, and Outlook.
• Comfortable learning new systems and processes.

Preferred Skills and Attributes:                           

• Analytical/Critical thinking
• Ability to work with all levels of management
• Ability to multi-task, prioritize, and work efficiently
• Handle confidential information appropriately