BSA Specialist

This is a fully remote position, open to applicants in Missouri.

📋 Description

• Submit Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), Monetary Instrument Logs (MILs), 314a, and OFAC reports.

• Adhere to BSA recordkeeping and reporting standards.

• Monitor client transactions to detect those that necessitate further reporting or scrutiny.

• Provide training and act as the Bank’s expert on the BSA Compliance Program.

• Conduct initial and ongoing reviews for High Risk Customer Accounts.

• Generate and present reports for the Board of Directors.

• Serve as a liaison for Federal and State Regulatory agencies during regular examinations.

• Carry out enhanced due diligence, evaluate customer risk, and document findings accordingly.

• Analyze high-risk customers and flagged accounts for any unusual or suspicious activities.

• Collaborate with banks and internal departments to gather necessary information and documentation.

• Conduct annual targeted assessments of ATM owners/operators and Money Service Businesses.

• Submit Currency Transaction Reporting Exemptions (DOEP) to FinCEN and complete yearly reviews.

• Perform quality control assessments of the work conducted by BSA team members as required.

• Maintain comprehensive and well-documented enhanced due diligence files.

• Suggest customer account closures or further investigations when risk thresholds are surpassed.

• Promptly escalate BSA-related findings to the appropriate management team.

• Participate in BSA training sessions as instructed.

• Support BSA/AML Officers with the day-to-day management of the Bank’s BSA/AML and OFAC Compliance Program.

• Execute other related responsibilities as assigned.

⛳️ Requirements

• A minimum of 2-3 years of experience in banking is required.

• Comprehensive understanding of BSA/AML/USAPA/OFAC banking laws and regulations.

• General knowledge of banking products and services.

• Adequate familiarity with federal and state BSA-related requirements.

• Ability to effectively communicate federal and state regulatory requirements both verbally and in writing.

• Proficiency in Microsoft Office applications and other related software programs.

• Capability to prioritize tasks and adhere to deadlines.

• Ability to recognize unusual customer transaction patterns indicative of suspicious behavior and to conduct further investigations.

• High school diploma or general education degree is required.

• Proficient in Microsoft Office (Word, Excel).

• Experience with Bankway, Salesforce, and Patriot Officer is preferred.

🏝️ Benefits

• Annual paid volunteer time off.

• Charitable-matching opportunities.

• A variety of benefits.

• Opportunities for professional growth.

• Drug and background check screenings are contingent on employment offers.