BSA Specialist

BSA Specialist Position: BSA Specialist Department: Compliance Job
Status: Full-Time FLSA Status: Non-Exempt Grade: 8 Reports to: BSA
Manager Amount of Travel Required: Travel as required Positions
Supervised: None POSITION SUMMARY The BSA Specialist provides day to day
support to branch personnel relative to the internal currency
transaction report short form as well as files accurate FinCEN Currency
Transaction Reports within regulatory timeframes. Performs due diligence
on customers to assess overall compliance with the bank?s Customer
Identification Program (CIP) . ESSENTIAL FUNCTIONS Reviews the accuracy
of the daily internal currency transaction reports; submits electronic
FinCEN report CTRs on a daily basis in a timely manner through Verafin.
Reviews new person reports for proper identification and verification of
information in accordance with the bank?s CIP program. Responsible for
daily review of BSA monitoring through reports, including recordkeeping
for cash purchases of monetary instruments. Evaluates business customer
cash activity for recommended CTR Exemption and may submit electronic
filing for new CTR Exemption following risk assessment Serves as a
resource regarding BSA cash reporting and recordkeeping
policies/procedures and regulations, including training. Makes
recommendations for changes to department procedures. Maintains a strong
understanding of Bank Secrecy Act (BSA), Office of Foreign Asset Control
(OFAC) requirements and related policies and procedures. Serves as
backup to review new organization reports for compliance with CIP.
Monitor for other departments? compliance with BSA related requirements,
such as OFAC. Provide documentation for audits and regulatory
examinations. Must complete BSA, AML, and other Regulatory and
Continuing Education as assigned. Must adhere to all bank and regulatory
policies and procedures specific to position. Assumes additional
responsibilities as requested. POSITION QUALIFICATIONS Competencies
Attention to Detail Communication Decision Making/Judgment Job Knowledge
Problem Solving Education/Experience/Skills & Abilities High School
Diploma or GED required. 3 years of compliance and/or BSA experience or
the equivalent banking experience. Ability to work independently.
Possess a strong attention to detail. Experience in managing multiple
projects in a deadline driven environment. Working knowledge of
Microsoft Office. Must be able to communicate well with others, both
orally and in writing. Ability to negotiate DNA, FISERV and AML
Detection software