Bank Secrecy Act Specialist

Fraud Detection and Investigation

Conduct in-depth investigations of high-risk members and suspicious transactions.
Monitor and analyze Alerts (BSA/CDD/EDD) and assist in threshold testing to ensure fraud/BSA detection systems remain effective and aligned with evolving risks.
Collaborate with the fraud mitigation team to identify fraud trends and support the implementation of proactive countermeasures.
Utilize internal and external data sources to detect and investigate potential fraud schemes, contributing to the institution’s fraud intelligence.

Regulatory Compliance and Reporting

Prepare, perform quality reviews and queue Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs), ensuring accuracy and regulatory compliance.
Support the Fraud Manager/BSA Officer in maintaining the BSA/AML and OFAC compliance programs by performing quality control reviews and monitoring activities.
Aid in the development and maintenance of the BSA/AML and OFAC risk assessments by providing data and insights from ongoing monitoring and investigations.
Participate in regulatory audits and examinations by gathering documentation and presenting findings in coordination with the Fraud Manager/BSA Officer.
Conduct daily OFAC and 314(a) checks, investigate potential matches, and document findings to support enterprise-wide compliance.

Training, Policy, and Program Development

Contributes to the creation and delivery of institution-wide compliance training programs, reinforcing fraud awareness and regulatory responsibilities.
Aid in updating BSA/AML and OFAC policies and procedures to reflect current regulatory expectations and fraud prevention strategies.
Provide feedback to the fraud management team on procedural gaps or training needs identified during investigations or quality control reviews.
Participate in BSA/AML and OFAC and/or Fraud-related training that may include webinars, periodicals and self-study to stay abreast of any related changing laws and regulations.