Responsible for the timely filing of all required Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), Monetary Instrument Logs (MILs), as well as compliance with other BSA recordkeeping requirements. Assists the BSA Officer with the daily and periodic monitoring and researching of state and federal compliance requirements, acts, and laws related to the Bank Secrecy Act , Office of Foreign Assets Control (OFAC) and the USA Patriot Act to prevent money laundering, fraud and terrorism. Is predominantly self-directed, self-motivated and receives occasional direction and oversight from the BSA Officer.
Skills/Requirements
Responsible for the timely filing of Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), as well as compliance with other BSA recordkeeping requirements and reporting such as 314a and OFAC (daily).
Conduct monitoring of client activity to identify instances which may require additional reporting and/or review (daily).
Provide training and act as the Bank’s Subject Matter Expert for associates related to the Bank's BSA Compliance Program (as needed).
Conduct High Risk Customer Account reviews, initial and ongoing (monthly).
Create and provide reports for the Board of Directors (quarterly)
Act as a point of contact for Federal and State Regulatory agencies as part of routine exams.
Review and update AML policies and procedures (semi-annual)
Approximately 25% travel is required
Qualifications:
Sufficient knowledge of federal and state BSA-related requirements
Ability to effectively communicate, both verbally and in writing, federal and state regulatory requirements to applicable business units and individuals
Needs to effectively work with Microsoft Office products and other computer software programs
Organizing priorities and meeting deadlines
Ability to identify unusual customer transaction patterns indicative of suspicious activity and conduct further investigation
Supervisory Responsibilities:
None
Education and/or Experience:
Two to five years’ of related BSA/AML experience
Bachelors’ degree
Computer and Software Skills:
Skilled in operation of a personal computer, including Microsoft Word and Excel
Bankway
Salesforce
Patriot Officer
Certificates, Licenses and Registrations:
Regulatory Certifications, Certified Anti-Money Laundering Specialist (CAMS), etc., is a plus
