BSA - AML & OFAC Specialist

The position of a BSA/AML & OFAC Specialist maintains the responsibility of assisting in all areas of compliance as needed. The Associate is responsible for performing specific duties as assigned by the BSA/AML/OFAC Manager. This individual is expected to gain general knowledge and skill in all areas of BSA as directed. This position is for incumbents with 3+ years of experience in this area.
CTR Essential Functions
Review and file Currency Transactions Reports (CTRs) daily. MUST meet deadlines for filing reports through e-filing
Maintain filed CTR and corrections for retention
Research and correct acknowledged CTR errors through e-filing upon occurrence
Assist branch personnel with questions relating to CTRs
Communicate with branch personnel for information missing on incomplete CTRs
Responsible for ongoing monitoring of customer account activity. (to identify suspicious activity)
Assist with Risk Grading new business customer accounts daily
Assist with CDD and EDD processes as needed
As needed assist the BSA/AML Officer with ensuring that First Bank creates and maintains all records required by BSA and related regulations.
Check Kiting / Check Fraud Essential Functions
Completely review & approve each case as feasible generated by Guardian Software
Report any potential SAR deemed necessary to a BSA Manager or the SAR review specialist prior to submission.
Prepare memos of suspicious activity for branch personnel via emails.
Establish & maintain a file for each.
Maintain investigation procedures.
Periodically evaluate the rules against the results produced. Determine the changes needed to customize the software for this institution.
Document & maintain any problem solving issues with Guardian. Include contacts made by phone or email and Guardian's resolution as record for the charges billed.
Stay abreast of available training.
Maintain a file for all training attended; for examination purposes.
Remain responsible to monitor check kiting/fraud activity with prompt attention. (This is a must for loss prevention.)
Pull Large Item Log daily- review for kiting /fraud loss prevention
Review DDA and SAVs negative account balance report daily
SAR Review & Filing Essential Functions:
Create report for previous month to review for SAR filing aka "submit the batch"
Review the entire batch and save results
Create a SAR as needed
File SARs as needed
Conduct ongoing 90 Reviews after each SAR is filed.
DAILY CIP/CDD Essential Functions:
Print Daily New Accounts for DDA,SAVs and TDS Reports (emailed from MDS)
Immediately, review all reports for missing TIN's. Request and document. TINs must be obtained within 30 days of account opening. Reasonable time frames are not considered for missing TINs.
Sort report data by personal and non- personal accounts
Review Non Personal accounts for the necessary missing CDD.
Review Personal accounts for missing CIP- search customer information by inquiry in GUI on either the name or tax ID number of the customer (if you prefer, you can use the account number)
Tracking missing CIP/CDD information:
Complete a tracking log of information missing for CIP and CDD for each day's report. This log is titled "CIP/CDD Outstanding log-Current which is located in the shared file.
If the missing CIP is not received by the 31st day refer to you BSA Departmental procedures
Send completed reports and review doc to document imaging
Verify imaged documents
OFAC Office of Foreign Assets Control Essential Duties
Monitor entire customer base for potential suspects / matches daily
Assist ACH Department with potential IAT hits/matches
Meet deadlines for filing annual reports
Keep updated SDN list downloaded and saved in the internal shared file
Maintain all OFAC compliance
Completes annual compliance courses.
Adheres specifically to all corporate policies and procedures. Also adheres to Federal and State regulations and laws including the Bank Secrecy Act.
Performs additional duties and responsibilities as directed.
Knowledge & Experience: These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
High school diploma or general education degree (GED); or the equivalent combination of education and experience.
Work related experience should consist of duties in a business environment.
Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
Intermediate knowledge of Bank operations and other Bank operational policies and procedures.
Excellent organizational and time management skills ability to work with minimal supervision.
Intermediate skills in computer terminal and personal computer operation; mainframe computer system; word processing, spreadsheet and specialty software programs.
Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct personnel.
Physical Demands/Work Environment: Vision, hearing and speech are required. Individual must have the ability to work with detailed information in a concentrated manner.
The environment for this position is an open office that is mostly clean and comfortable. It may include some minor annoyances such as noise, odors, drafts, etc. The incumbent is in a non-confined office-type setting in which he or she is free to move about at will.
The incumbent in the course of performing this position spends time writing, typing, speaking, listening, lifting (up to 25 pounds), carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling and reaching.
The incumbent for this position may operate any or all of the following: telephone, copy and fax machines, adding machine (calculator), typewriter, computer terminal, personal computer, and related printers.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Mental Requirements: Vision, hearing, and speech are required. Individual must have the ability to work with detailed information in a concentrated manner. The ability to utilize the computer and/or calculator is necessary. Must have reliable transportation and a valid driver's license is preferred.
The incumbent in this position must be able to accommodate to reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, training, multiple concurrent tasks, and constant interruptions.

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