BSA Specialist

ESSENTIAL FUNCTIONS:

BSA Specialist I

BSA Specialist I may be responsible for one or a combination of the following areas:

Customer Due Diligence / Beneficial Ownership Compliance

• Create and maintain customer risk profiles in the BSA/AML software.

• Process and evaluate required customer due diligence, assigning risk scoring as required.

• Perform "Know Your Customer" (KYC) reviews for new customers.

• Research, investigate, and analyze customer due diligence for anticipated activity and related behavior that indicates potential suspicious activity or money laundering.

• Identify suspicious activity and escalate as appropriate.

• Identify and escalate high risk customers for enhanced due diligence review and potential SAR filings.

• Identify and escalate customers using high risk products offered by the Bank for enhanced due diligence.

• Identify and escalate potential identity theft in compliance with the Fact Act.

• Monitor daily reports for missing customer due diligence and contact appropriate business line for collection and input in the system.

• Monitor daily reports for trigger events related to Beneficial Ownership. Work with departments and branches to ensure compliance with the CDD Rule.

• Validate compliance with CIP, CDD and OFAC as it related to Beneficial Ownership policy and procedures.

• Perform mapping in the BSA/AML Software to ensure proper monitoring of Beneficial Ownership relationships.

• Ensure program is properly documented as required by the BSA/AML policy and procedures.

Currency Transaction Reporting

• Provides branch support for Currency Transaction Reports (CTRs).

• Performs review of daily CTR reports, core cash reports, and BSA/AML Software alerts to ensure all reportable transactions have been identified and reported

• Performs reviews of Foreign Currency transactions to ensure all reportable transactions have been identified and reported.

• Prepares CTRs filings for submission to FinCEN. Ensures that CTRs are filed within required time frame.

BSA/AML Compliance

• Follow BSA/AML policy, procedure and FFIEC Guidance to ensure compliance with laws and regulations relating to BSA, US Patriot Act, OFAC, Fact ACT, and Elder Justice Act.

• Compile, record, and maintain appropriate data documents and files to promote efficient, consistent, and accurate management and regulatory reports.

• Perform daily reconciliation of the Bank's AML software

• Work directly with the Bank's AML vendor and applicable internal department(s) to resolve balancing discrepancies as needed.

• Assist with departmental annual Enhanced Due Diligence projects for special customer subsets that require additional monitoring and information gathering.

• Work in a "team based" environment, assisting with additional tasks, including compiling information for audits and regulatory examinations. Collaborate with the BSA team and when working with other departments and/or applicable legal entities

Fraud Risk Monitoring and Reporting

• Respond to departments and front-line staff concerning potential fraud.

• Assist in identifying risk, loss mitigation and customer protection.

• Analyze client behavior, deposit accounts, checks and transaction history in order to identify and interdict fraudulent banking activity.

• Conduct investigations by properly collecting evidence that supports the investigation.

• Responsible for investigating fraud cases including: account take over, forgeries, counterfeit checks, kiting, embezzlement, wire fraud & deposit fraud. More complex cases may be escalated as appropriate.

• Review and conduct research for electronic transactions and activity to confirm victim and perpetrator fraud.

• Recommend holds on suspicious and fraudulent transactions or checks; block or close customer accounts and access based on risk and exposure to loss or fraud. More complex cases may be escalated as appropriate.

• Monitor various systems and transactions for fraud activity and be able to respond to unusual or suspicious activity and issues.

• Prepare reports and maintain records of investigations.

• Maintain evidence in a secure and professionally acceptable manner.

• Document case investigations and fulfill reporting obligations described by BSA policies and regulations.

• Supports BSA Investigator & BSA Officer with cases as needed.

• Stay up-to-date with industry best practices and fraud trends to detect fraudulent activity

Elder/Dependent Adult Abuse

• Detect, respond and report Elder Abuse and dependent adult abuse.

• Report Elder Abuse to the appropriate authorities within the required reporting deadline.

• Document case investigations according to policy and procedure

Office of Foreign Assets Control (OFAC) Compliance

• Provide guidance to branch and departmental personnel in researching and clearing potential OFAC hits.

• Replace with Perform enhanced due diligence for potential OFAC matches and escalate all Sanctions Country matches to the BSA Investigators for decisioning.

• Research and clear all identified potential OFAC matches for wire transfers, IATs, Branches and departments.

• Review and evaluate OFAC hits using the SDN list.

• Report exact matches to the BSA Officer to ensure timely reporting to OFAC.

• Responsible for maintaining the documentation related to close matches that required EDD.

Security Support

• Maintain and monitor the security programs which includes the video surveillance systems

• Member of the robbery response team

• Provide video for security related events

• Other security related duties as assigned

Examinations & Audits

• Support the BSA Officer during third party audits and Federal and State examinations.

• Compile requested items and correspond with other departments to gather items

Non-Essential Functions

• Perform special projects, research and analysis as requested.

• Perform other duties as assigned.

BSA Specialist II

Demonstrated proficiency in all BSA Specialist I functions listed above with the addition of:

• Respond to branch and department inquiries and resolve issues around conducting alternate Customer Identification Procedures (CIP) for new customers.

• Respond to branch and department inquiries regarding BSA/AML, OFAC, and fraud policy and procedures.

MINIMUM QUALIFICATIONS

Knowledge, Skills and Abilities:

BSA Specialist I:

• Knowledge of general bank operations including branch cash handling procedures.

• Knowledge of transaction methods and practices of customer transactions and activities.

• General understanding of regulatory concepts including, but not limited to: the Bank Secrecy Act, Office of Foreign Assets Control sanctions, and the USA PATRIOT Act.

• Skills operating BSA/AML software and compliance monitoring systems, transaction and wire transfer systems, preferred.

• Skills operating a personal computer including detailed knowledge of web browser applications.

• Ability to work in a fast-paced and dynamic environment with a drive to deliver outstanding results.

• Proficient in MS Office (Outlook/Word/Excel/Access/PowerPoint).

BSA Specialist II:

• Thorough knowledge of transaction methods and practices of customer transactions and activities.

• Working knowledge of the CIP procedures.

• Ability to respond accurately to inquiries regarding BSA/AML, OFAC, and fraud policies and procedures.

• Detailed understanding of regulatory concepts including, but not limited to: the Bank Secrecy Act, Office of Foreign Assets Control sanctions, and the USA PATRIOT Act.

• Advanced skills operating BSA/AML software and compliance monitoring systems, transaction and wire transfer systems, preferred.

Physical Requirements:

• Ability to stand, bend, stoop, sit, walk, twist and turn; lift up to 25 pounds occasionally.

• Ability to use a computer keyboard and calculator.

• Work environment is indoors, majority of the time is spent sitting at a desk.

Education and Experience:

BSA Specialist I

A combination of education and experience equivalent to a high school diploma; and knowledge typically gained through a minimum of one year of related experience in the financial industry.

BSA Specialist II

A combination of education and experience equivalent to a high school diploma; and knowledge typically gained through a minimum of three years related experience in bank operations with a minimum of one year of experience in the Financial Investigative Unit.

Compensation:

The hiring range for this position is BSA Specialist I, $21.95 to 28.31 per hour, BSA Specialist II, $24.75 to $33.10 per hour. Actual salary offered will fall within this range commensurate with the candidate's applicable experience, education, and skills.