BSA Specialist

Job Summary

Works with BSA Supervisor and BSA Officer in all aspects of Bank Secrecy Act (BSA)/Anti‑Money Laundering (AML), USA PATRIOT Act and Office of Foreign Assets Control (OFAC) compliance. Assists with the maintenance of the BSA monitoring program, including but not limited to: preparation and submission of Currency Transaction Reports (CTRs), including exemptions from CTR filing, QC of CIP and CDD information for new account opening, monitoring and testing of compliance with OFAC, and the Bank’s compliance with AML laws.

• Manages weekly CRT reporting and ensures compliance with BSA regulations.
• Monitors branch compliance to ensure proper identification and information gathering of all parties subject to SBIC’s Customer Information Program (CIP) and Customer Due Diligence Program (CDD).
• Reviews and determines appropriate course of action on alerts for potential OFAC matches.
• Adheres to the Bank’s policies and procedures. Supports management decisions and goals in a positive, professional manner.
• Ensures required record‑keeping, processing and reporting of all suspicious activity is properly maintained/submitted timely.
• Monitors transactions and reviews to ensure compliance and investigates and resolves AML alerts timely.
• Adheres to Bank policies and procedures and complies with all United States Federal and State Regulations including the Bank Secrecy Act, Anti‑Money Laundering Act, USA PATRIOT Act, and OFAC laws and their implementing regulations. Complies with Wage and Hour regulations, including but not limited to taking meal and rest periods timely, recording time accurately, and reviewing/approving timecard.
• Supports the Bank’s compliance efforts by completing compliance and other technical training workshops as assigned. Reads periodicals and attends external webinars/workshops to maintain an above‑average expertise of trends in lending/credit.
• Performs duties to ensure proper identification and information gathering of all parties subject to SBIC’s Customer Information Program (CIP) and Customer Due Diligence Programs. Reports any Suspicious Activity to the BSA Officer or designee if found.
• Regular and punctual attendance required.

• Bachelor’s degree (B.
  
  A.) or equivalent from a two‑year college or technical school.
• Minimum 1 year related experience and/or training in BSA/AML; or equivalent combination of education and experience.

• Prior experience opening new accounts in a branch or back‑office environment.
• Excellent analytical skills to develop financial/statistical data and reports and evaluate flow of funds on complex relationships.
• Knowledge of outside resources to perform advanced due diligence.
• Excellent verbal, written and interpersonal communication skills.
• Ability to work with multiple lines of business managers and senior management.
• Strong organizational skills and ability to manage multiple assignments concurrently and meet critical deadlines.
• Ability to work independently and make risk decisions within established policies and procedures with ability to understand when issues require escalation to management for further direction.

To perform this job successfully, an individual must be able to meet minimum qualifications. The requirements listed 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.