Bank Secrecy Administrator

Full time, Hybrid Opportunity

EXPERIENCE: At least 3 to 5 years of banking experience, with a strong emphasis on BSA, AML, and OFAC laws and regulations, preferably in a community bank.

Overview of Responsibilities

This position has the primary responsibility to support the BSA Officer in the development, implementation, and maintenance of the Bank Secrecy Act (BSA) Program for the Bank.
Maintains responsibility for ensuring BSA related Bank policies and procedures as well as BSA Department desk procedures are updated with applicable BSA/AML/OFAC requirements.
Initiate suspicious activity reporting process detected through monitoring, collect documentation required to make a determination on a Suspicious Activity Report referral; monitor and follow-up on current and continuing reports.
Review and analyze leads for potential suspicious activity, including those generated from detection scenario processes, subpoenas, referrals from the branches and other departments, negative news media, etc.
Write Suspicious Activity Report (SAR) narrative and complete SAR form.
Process FinCEN 314(a) requests on bi-weekly or as needed-basis.
Monitor and review account activity in regard to associated risk and to determine potential suspicious activity.
Maintain knowledge of anti-money laundering regulations, rules and trends and provides support and guidance regarding anti-money laundering issues.
Complete Enhanced Due Diligence (EDD) reviews for all high-risk customers identified through risk analysis.
Complete reviews utilizing the Bank’s Anti-Money Laundering software, review activity and take appropriate measures to acknowledge or escalate potentially suspicious activity.
Review OFAC alerts and matches.
Review for current and new CTR exemptions.

EDUCATION: Bachelor’s degree and/or equivalent relevant training and experience required.

SKILL(S):

Proficient workingknowledge of the Bank Secrecy Act, USA Patriot Act, and OFAC regulations
Intermediate level in Microsoft Office products, including Word, Excel, and Outlook
Understanding of banking and financial services, including an understanding of the various types of products, services, and transactions that are typical for a branch.
Analytical/investigative skills to determine unusual or possible suspicious activity
Experience in analyzing/managing the financial crime investigative processes and preparing/writing SARs (Suspicious Activity Reports); detail-oriented and organized; collaborative with strong interpersonal and communication skills.

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