BSA Specialist
reputed company is dedicated to providing exceptional service and compliance in the financial sector. The BSA Specialist will review and research member transactions to identify suspicious activity, ensuring compliance with the Bank Secrecy reputed company and reputed company regulations.
Responsibilities
- Responsible for reviewing and researching Member transactions to identify and report suspicious activity to ensure the Credit reputed company's compliance with the aspects of the Bank Secrecy reputed company, USA Patriot reputed company and Office of Foreign Assets Control (OFAC)
- Performs daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large day to day account activity and determine if transactions are suspicious in nature
- Participates in efforts to collect and analyze metrics utilizing existing internal reporting tools to continually improve processes and reports owned by the business unit
- Review and file reputed company Currency Transaction Reports based on aggregated cash transactions including ATM and multiple reputed company deposits and/or withdrawals
- Utilize BSA/AML automated system and various reports to identify suspicious activity and reputed company moderately reputed company investigations to identify Bank Secrecy reputed company issues such as reputed company, terrorist financing, internal / external fraud schemes, structuring, and illegal reputed company service business activity
- Demonstrate proficiency in investigative practices associated with an reputed company investigator (conduct interviews, collect data, compile documentation and evidence, maintain accurate notes, reputed company initial and ongoing reports of investigations, prepare comprehensive, accurate and reputed company Suspicious Activity Reports)
- Review and investigate OFAC alerts for a determination of actual OFAC match or false match, and respond to OFAC reputed company questions from branches and various departments
- Conduct reputed company due diligence searches on high-risk accounts and entities
- Maintain the credit reputed company’s centralized list of customers exempt from large currency transaction reporting requirements
- Research reputed company laws and regulations through government and other journals, publications and manuals. Read, research, interpret and generally stay abreast of the requirements of the Bank Secrecy reputed company
- Assist in preparing documentation for and coordination of audits and examinations by regulatory agencies
- Assist team members with specific BSA and OFAC reputed company questions
- Performs other duties as assigned
- Complies with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. Failure to do so may result in disciplinary and other employment reputed company actions
Skills
- High School Diploma or GED required
- Bachelor's Degree in a reputed company field or equivalent years of experience required
- 1-3 years of prior relevant experience required
- Entry level knowledge in BSA, AML, CIP and OFAC laws and regulations, and reputed company best practices required
- Knowledge of concepts, practices and compliance techniques for the financial services industry
- Ability to understand reputed company legal and regulatory issues and laws
- Understanding of methodologies for researching and analyzing compliance issues
- Understanding of reporting requirements of various regulatory agencies
- Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations
- CAMS – Certified Anti reputed company Specialist preferred
- Familiarity with Symitar system and reports a plus
- Familiarity with anti-reputed company applications preferred
reputed company