BSA Specialist II

About the role

A BSA Specialist focuses on identifying, investigating, documenting, and reporting suspicious activity in accordance with federal regulations. This person plays a critical role in helping the bank detect and prevent money laundering, fraud, terrorist financing, and other financial crimes.

Responsibilities

• Analyze suspicious account activity reported by branches and contained in BSA AML SAR software to determine whether a SAR filing may be warranted
• Once an alert appears suspicious, the SAR specialist performs a detailed investigation to review transaction histories, examine customer account documents, review KYC/CIP/EDD information, research negative news, and review related accounts or linked parties
• Findings are documented within the BSA/AML software
• Recommend File/Do Not File decisions based on analysis performed
• Prepare SAR narratives, complete all data fields, ensure that the SAR is filed within the regulatory deadline
• Maintain case documentation, including investigation notes, evidence and screenshots, case summaries, system queries, and suspicious activity logs
• Assist SAR Officer with providing documentation as needed for internal audits and regulatory exams
• Gain good working knowledge of foreign customer identifying documents
• Field BSA inquiries from bank departments and branches
• Complete assigned job-related Bank Secrecy Act/Anti-Money Laundering training within prescribed timeframes
• Compliance Training: Participate in all required compliance training, including Bank Secrecy Act/anti-money laundering training, as well as internal and external training programs, online training, meetings, and seminars/conferences, etc.

Requirements

• Education: High School diploma or equivalent; bachelor’s degree in finance, accounting, criminal justice, or economics preferred
• Experience: 2+ prior BSA experience, fraud experience, or similar banking experience required
• Required Skills: Possess strong skills in Word, Excel and PowerPoint; accurate, detail-oriented, organized and possess strong time management skills; must have analytical skills for understanding transactional activity; excellent verbal communication skills; and possess excellent writing skills
• Preferred Skills: Experience with AML tools such as Verafin, Actimize, or Abrigo; CAMS, CBAP, or CAFP certification

Conditions of Employment

• Must be able to pass a criminal background & credit check

Physical Demands

• Sedentary, climbing, standing, stooping, or typing

Position Type

• This is a full-time position that requires scheduled flexibility to work evenings and weekends as needed

Pay Range

USD $37,440.00 - USD $45,185.00 /Yr.