Target Start Date: Week of July 14
Job Summary
We’re seeking a BSA Specialist for a 6-month contract role to support compliance efforts related to the Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), USA PATRIOT Act, and Anti-Money Laundering (AML) regulations. This role involves identifying, researching, and responding to alerts, filing reports, and maintaining up-to-date compliance standards.
Key Responsibilities
- Investigate AML/CTF activity based on transaction monitoring alerts.
- Analyze alerts to determine if escalation is needed or if they can be cleared as non-suspicious.
- Document findings thoroughly and accurately in internal systems.
- Conduct research using both public and third-party tools to support investigations.
- Collaborate with compliance and business units to assess and escalate suspicious activities as needed.
- File Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) in line with regulatory requirements.
- Maintain strong knowledge of BSA/AML laws and FinCEN guidance.
- Perform customer activity reviews to identify inconsistencies or concerns.
- Support reporting and documentation efforts for cash transactions exceeding $10,000.
- Ensure proper recordkeeping and regulatory compliance across all tasks.
- Working knowledge of banking operations and regulatory compliance.
- Familiarity with BSA, USA PATRIOT Act, OFAC, and FinCEN regulations.
- Strong investigative, analytical, and problem-solving skills.
- Proficiency in Microsoft Office Suite and AML monitoring platforms.
- Excellent verbal and written communication abilities.
- Strong time management and ability to meet deadlines.
- Comfortable working independently and collaboratively.
