BSA Compliance Specialist II - A BS/BA degree in a related field of study required or equivalent work experience; Certified Anti-Money Laundering Specialist (CAMS) Certification or other comparable industry designation preferred. A minimum of three years' experience in related positions required; banking, compliance, and operations experience required. Some essential duties are as follows:
- Responsible for utilizing the Prime transaction monitoring and risk profiling software; creates pre-determined rules for input into the software; monitors the results produced by the software for any necessary adjustments.
- Analyzes complex financial transactions utilizing a wide variety of systems, databases, applications, and reports to identify unusual account activity among associated account holders; documents all findings in a centralized case management system, creates individual case folders, and forwards all supporting documentation to BSA/AML Officer on cases requiring additional investigation.
- Assists in communication, investigation, and dissemination of information concerning Bank Secrecy Act (BSA) and Anti-Money Laundering (AML).
- Reviews Currency Transaction Reports (CTRs); files reports to FINCEN on a weekly basis.
- Reviews monetary instrument logs for negotiable instruments purchased by individuals or businesses.
- Maintains the Customer Identification Program; reviews all new and updated personal and business accounts to ensure that the proper documentation has been obtained.
- Performs customer due diligence; reviews anticipated activity for customers and businesses to determine proper risk rating; has continuous communication with branch employees regarding documentation to complete customer identification.
- Acts as a front-line contact with internal customers.
- Ensures risk ratings are performed on all new customers.
- Establishes customer risk codes in system.
- Maintains database and files of high-risk customers.
- Creates customized reports for high-risk customer review.
- Performs continual transaction review and activity analyses of high-risk customers.
- Maintains well-documented files for all high-risk customers; reviews high-risk customer activity, utilizing Prime program for monitored transactions, for enhanced due diligence.
- Makes recommendations, as applicable, for changes to customer risk ratings and performs, as necessary, new customer risk assessments.
- Review's account holder information for potential Office of Foreign Assets Control (OFAC) matches.
- Reviews list of individuals and businesses who regulatory authorities and law enforcement have shared, under 314(a), seeking information on reasonably suspected persons/businesses based on credible evidence, of engaging in terrorist acts or money laundering activities.
- May perform information sharing under 314(b) with other financial institutions as needed.
- Identifies and researches unusual or potential suspicious activity.
- Prepares Suspicious Activity Reports; prepares narrative and documentation for SARs not filed; and forwards all SAR activity, reports, and documentation to manager for approval and filing.
- Assists in the writing and editing of various BSA written materials (procedures, reports, training materials, etc.)
- Serves as a technical resource involving BSA and AML issues.
- May provide departmental backup or oversight in the absence of the BSA/AML Officer, i.e., wire approvals, reviewing Incident Referral Forms for potential SAR filing.
- Performs other related duties as assigned.
Washington Financial offers a very competitive benefits package which includes paid time off and holidays; affordable group benefits (medical, dental, vision); a 401(k) plan; and employee discounts on products and services. Apply online at www.washfin.bank and attach a resume to the application, or by mail to 190 N. Main Street, 4th Floor, Washington.
Equal Opportunity Employer