American National Bank is looking for a new BSA Compliance Specialist to recognize and research potential issues pertaining to the Bank Secrecy Act, transaction alerts, garnishments, levies, summons, subpoenas, Currency Transaction Reports (CTRs), Suspicious Activity Reports, and other miscellaneous banking areas. A qualified candidate should possess 2-5 years Bank Secrecy Act experience and CAMS certification is highly preferred. An individual in this role will require strong communication skills, an attention to detail, desire to research and resolve inquiries and ability to meet time sensitive deadlines.
Essential Job Duties & Responsibilities
- Review and make decisions on transaction monitoring alerts designed to detect potential money laundering, terrorist financing, drug trafficking, and various types of fraud and illegal activity.
- Reviews and researches internally generated reports on a daily basis to gather information (transactions greater than $10,000) in order to file Currency Transaction Reports (CTRs). Uses judgment and BSA knowledge determine when to file all required CTRs accurately and timely.
- Annually reviews and determines accurate list of exempted businesses for BSA Officer and in accordance with Financial Crime Enforcement Network (FINCEN) guidelines. Researches 314A requests from FINCEN. Research list (names, aliases and SSN) of “person of interest” that various government agencies are searching for. Conducts various searches of ANB systems, prepare proper documentation and applicable response to the FINCEN as required.
- Member of the SAR Committee; provides input to Committee on any suspicious activity found and whether a SAR should be completed and provide supporting rationale as to why the Bank is filing the SAR. Prepare accurate SARs; Files government CTR’s and SAR’s based on current regulation.
- Maintain a detailed knowledge of garnishments and levies, laws for states of Nebraska, Minnesota and Iowa as well as understand jurisdiction of other states. Reviews, prepares, researches, and submits garnishments and levies and serve as backup for summons and subpoenas research. Withdraw money from customer accounts based on directive of legal action taken and place funds in cashier check. Send letter to customer along with the debtor to inform them funds were withdrawn.
- Completion of enhanced due diligence reviews on higher risk type customers in order to evaluate customer activity which may include comparing customer activity to peer.
Experience and Education
- A minimum of 2-5 years Bank Secrecy Act knowledge required.
- 3-5 years experience with BSA/AML systems.
- CAMS certification preferred.
- Strong existing knowledge of Bank Secrecy Act and USA Patriot Act.
- High school diploma, required.
- General bookkeeping experience, preferred.
- Ability to analyze and make judgments and decisions pertaining to applicable bank regulation and state and federal laws.
- Strong communication and organizational skills.