BSA Specialist

About the Role

Western Security Bank is seeking a Bank Secrecy Act (BSA) Fraud Specialist. The Bank Secrecy Act (BSA) Fraud Specialist I plays an essential role in assisting with compliance responsibilities that have been distributed to the bank divisions and in supporting centralized compliance operations. The position works in partnership with the Division BSA Officer to ensure the organization meets all requirements under the Bank Secrecy Act, anti‑money laundering regulations, the Patriot Act, and all federal laws related to financial crimes prevention.

Responsibilities include supporting transaction reviews, customer due diligence, beneficial ownership verification, risk assessments, and follow‑up on exceptions identified by compliance staff. This role also assists in researching transactions that may indicate suspicious activity, preparing required regulatory reports, and coordinating with BSA Officer to ensure timely and accurate responses. The BSA Fraud Specialist adheres to all company standards and contributes to a consistent, reliable, and fully compliant BSA program within our division.

• Work with the Corporate BSA Team to investigate suspicious transactions.
• Provide initial review of Currency Transaction Reports (CTR).
• Prepare Centric, Internal Transactions, Monetary Instrument, Non‑Customer Cashed Transactions, Teller Transactions, and Wire Transaction reports within the BAM+ program on a regular basis.
• Assist with reviews of High‑Risk Customers and any clients requiring additional monitoring.
• Assist BSA Officer and customers with initial CTR exemptions, annual reviews, Money Service Business (MSB) reviews and revocations, ATM holder reviews, and other client interactions.
• Maintain knowledge of banking operations related to BSA/AML/OFAC compliance (teller functions, new accounts, wire transfers, electronic banking, letters of credit, etc.).
• Ensure record‑keeping requirements for all BSA/AML/OFAC areas are followed.
• Comply with all company policies and applicable laws and regulations; complete online training with passing score by due date.
• Handle all BSA‑related information, documentation, and communication securely and confidentially.
• Support the Division BSA Officer with additional tasks as needed.
• Assist Division Security Officer with fraud investigations.
• Research high‑risk accounts considered for closure.
• Review fraud reports, Great Data reports, and additional BSA daily reports as assigned.
• Monitor the email list from GBCI Fraud Department for potential Zelle fraud suspects and respond with findings.
• Assist with fraud and BSA training of employees.
• Answer calls in the Operations Department using policy and procedural guidelines and providing thorough research.

• Actively participate in WSB continuing education.
• Uphold the mission statement: “We intentionally make banking better for our customers and community by making every experience simple and powerful.”
• Apply the Exceed the Expected Service Principles for all service encounters:
  • Connection & Understanding – Our customers don’t do this every day, but we do.
  • Customer Service – We do what’s right, and we do the right thing.
  • Trust & Respect – A relationship you can bank on.
  • Community – We don’t just serve our community, we ARE our community.
  • Security – Security is literally our middle name.
• Practice the WSB Core Values:
  • Absolute Accountability – See it, own it, solve it, live it.
  • Consistent Communication – Pause to prepare.
  • Transformative Teamwork – We vs. Me.
• Actively establish rapport and show concern.
• Comply with applicable laws and regulations, including the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
• Perform other duties as assigned.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The following requirements are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Minimum Qualifications

• Minimum two years of banking experience.
• Working knowledge of BSA/AML filing requirements…