Job description
Overview:
Responsibilities:
Qualifications:
o Spreadsheets
This associate is charged with the responsibility of assisting the BSA/AML Department with the daily monitoring of account activity, detection, and documentation of suspicious activity in customers’ accounts and the subsequent filing of suspicious activity reports as required under the Bank Secrecy Act and the Bank’s BSA/AML Compliance Program and Procedures.
Responsibilities:
- Help identify and analyze on an on-going basis, high-risk customers and other accounts for suspicious / unusual activity and compile complete and accurate documentation of the suspicious activity.
- Recommend for filing suspicious activity reports (SARs) as needed and ensuring complete documentation is secured and maintained as required by law.
- Recommend account closures as warranted under the account closing procedures set forth in the Bank’s BSA/AML Compliance Program and Procedures as directed by the BSA/AML Officer.
- Provide other assistance as requested to the BSA/AML Officer in the daily responsibilities of managing the Bank's BSA/AML Compliance Program.
- Attend BSA training annually, and as needed, based on revisions to the BSA requirements.
Qualifications:
- Familiar with federal BSA / AML regulations.
- Familiar with bank operations in general.
- Computer skills
o Spreadsheets
- Analytical Skills
- Strong oral and written communication skills
- Interpersonal skills
- Detail oriented, accurate, and organized
- Self-motivated
- Multi-task oriented
- Must pass basic Word and Excel testing
- Bachelor’s degree in business related field with at least one (3) year of banking or business-related experience OR
- Master’s degree with at least three (1)years of banking or business-related experience (BSA, retail or compliance preferred) OR
- 5 years of equivalent work experience in the financial industry
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