BSA Specialist

Position Purpose

The BSA Specialist supports the Banks Bank Secrecy Act (BSA) Anti-Money Laundering (AML) Countering the Financing of Terrorism (CFT) Office of Foreign Assets Control (OFAC) Customer Due Diligence (CDD) and related financial crimes compliance programs through monitoring review research and regulatory reporting activities.

The BSA Specialist is responsible for reviewing alerts referrals customer due diligence requirements watchlist and sanctions monitoring and other financial crimes detection activities to identify unusual or suspicious activity requiring additional review. The Specialist gathers information performs research documents findings and escalates matters requiring formal investigation.

This position also assists with fraud prevention and fraud operations activities as assigned and helps ensure the Bank maintains compliance with applicable laws regulations policies and procedures while protecting the Bank and its customers from financial crime.

Essential Functions

BSA Specialist I

• Review and disposition transaction monitoring alerts generated through Verafin and other Bank systems.
• Review Customer Due Diligence (CDD) alerts and obtain analyze and document customer information necessary to support customer risk assessments.
• Perform Enhanced Due Diligence (EDD) reviews and recommend escalation of higher-risk or more complex customer relationships.
• Review OFAC watchlist sanctions screening negative news and other risk-monitoring alerts in accordance with established procedures.
• Review customer activity account relationships and transactional behavior to identify unusual activity elevated risk or information requiring additional review.
• Obtain and document information from customers business units public records and internal systems necessary to support due diligence and monitoring requirements.
• Prepare and file Currency Transaction Reports (CTRs) in accordance with regulatory requirements and internal procedures.
• Open cases and escalate activity requiring formal investigation based on monitoring results due diligence reviews referrals customer activity or other identified concerns.
• Document alert reviews due diligence reviews referrals findings and recommendations in accordance with department procedures.
• Assist with maintenance of customer risk ratings high-risk customer records and periodic review requirements.
• Respond to BSA-related inquiries and provide support to business units regarding due diligence monitoring requirements and financial crimes compliance procedures.
• Identify unusual activity patterns emerging risks or opportunities for process improvements and communicate recommendations to management.
• Maintain complete accurate and timely records in accordance with regulatory requirements and Bank procedures.
• Maintain regular and predictable attendance.

In addition to performing all BSA Specialist I responsibilities a BSA Specialist II is expected to:

• Handle a larger volume of alert reviews and due diligence reviews.
• Review more complex customer relationships and account activity.
• Conduct more advanced EDD reviews .
• Perform more extensive pre-investigation research prior to case escalation.
• Provide guidance and assistance to BSA Specialist I employees.
• Assist with training onboarding and process coaching.
• Exercise greater independent judgment in alert disposition risk identification and escalation decisions.
• Serve as a departmental resource for regulatory monitoring requirements and due diligence processes.

Qualifications & Requirements

BSA Specialist I:

• Two (2) year of banking fraud compliance operations audit investigations customer service or related experience preferred.
• Experience with BSA-related programs or case building applications.
• Proficiency with standard computer applications including Microsoft Office Suite.
• Strong reasoning and problem-solving skills.
• Strong organizational skills and high attention to detail.
• Strong verbal and written communication skills.
• Ability to work independently and with a team.
• Ability to manage time well and prioritize tasks.

In addition to BSA Specialist I Qualifications/Requirements a BSA Specialist II has:

• Minimum three (3) years of banking BSA/AML fraud compliance operations audit investigations or related experience preferred.
• Strong understanding of BSA/AML OFAC CDD EDD and financial crime risk concepts.
• Experience reviewing customer activity due diligence requirements alerts or regulatory reporting.
• Demonstrated ability to independently perform EDD reviews and complex alert analysis.
• Strong understanding of BSA/AML OFAC CDD EDD and financial crime risk concepts.

Physical Requirements

The work requires the ability to operate office machines and equipment such as personal computers printers copying machines and telephones. The work requires the ability to communicate clearly with customers coworkers and others in person and on telephones. Work activities involve combinations of sitting/standing for extended periods.

Pay Range

BSA Specialist I

• The pay range for this position is $22.67 - $38.55
• The typical hiring range for this position is $22.67 - $26.02

BSA Specialist II

• The pay range for this position is $24.49 - $41.63
• The typical hiring range for this position is $24.49 - $28.10

• The incentive plan for this position is the Partnership Tier 1 Incentive plan. It is paid out quarterly with a 5% target payout.
• Employees will be eligible for our benefits package including medical dental and vision insurance paid time off retirement plans (401k with company match and Employee Stock Ownership Plan) gym membership reimbursement discounts on our banking products and more! Additional information on our benefits package can be viewed at a community Bank we know the power in bringing people together from all walks of life. Our communities are beautiful and strong because of their diversity and its important to us that all of our locations reflect the unique diversity of the places we live and work. We are passionate about hiring the very best talent and welcome applicants from all backgrounds. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

  
  

  Qualified applicants will receive consideration without regard to their race color religion sex sexual orientation gender identity national origin disability or status as a protected veteran

  
  

  First Fed invites all qualifiedinterested applicants to apply for our career opportunities. If you are a person with a disability and need a reasonable accommodation to use our online job search or application tools please email Human Resources via or call . Note: This contact information is reserved solely for job seekers requesting accessibility assistance or accommodation in the application process. Messages left for other purposes may not receive a response.

  
  

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  Required Experience:

  IC