Bank Secrecy Act (BSA) Specialist

in Sebastian County, AR

Job Description

Applicant apply online./  Associate’s Degree or equivalent related experience in retail banking, compliance, audit, operations or finance required.One(1) year of banking experience required.Previous experience in BSA Compliance/Risk preferred.Knowledge of federal and state banking laws and regulations related to BSA preferred.Under the direction of BSA Supervisor, the BSA Specialist is primarily responsible for providing support to the Bank Secrecy Act Risk department. Responsibilities include, but are not limited to performing data collections, monitoring and preparation of applicable reports. The incumbent ensures compliance with BSA policies and procedures and the appropriate federal and state regulations. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.Research and perform tasks of the BSA/Anti-Money Laundering (AML)/Customer Identification (CIP) and subpoena response compliance programs. Recommends enhancements to improve identification of suspicious and/or fraudulent activity.Develop and maintain a thorough understanding of regulatory requirements, bank procedures and industry best practice related to BSA, AML, CIP, Right to Financial Privacy Act and the U.S. Patriot Act.Provide training and guidance to branch and department staff on BSA/AML/CIP related subjects; keep abreast of industry trends and standards.Review and analyze unusual account activity; prepare reports; review watch lists and watch list alerts, analyze possible matches and take appropriate follow-up actions.Conduct certain legal research tasks when assigned, submit within the timelines and guidelines per regulatory requirements.Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.Pay not disclosed, will be discussed at time of interview.*


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Job Posting: 3097201

Posted On: Oct 19, 2021

Updated On: Nov 19, 2021