Description

To assist the BSA Officer with the implementation and administration of all aspects of the Bank Secrecy Act compliance program and assist with various assignments supporting the Compliance Program of the bank, under the guidance of the VP, BSA Officer. This position performs various quality control reviews and monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program compliance, using industry standard and regulatory guidance to ensure the Bank’s compliance efforts are maintained daily. 

• Perform daily reviews of all assigned alerts related to prepaid transactions for suspicious patterns and activity and escalate cases that may require additional research for potential SAR filing. May assist in the filing of the SARs when necessary.
• Assist with testing prepaid transactions in the prepaid monitoring system and making recommendations to findings if necessary.
• Maintain current knowledge of all federal and state laws and regulations, along with the Bank’s policies and procedures.
• Conduct Reputational Due Diligence Reports for Co-Brands submitted from the bank’s prepaid program managers.
• Assist with monthly monitoring of Co-brand applications completed by program managers (prepaid)
• Assist with collecting information for Audits.
• Serves as a liaison between the FCU and the Program Managers.
• Performs monthly, quarterly and annual reviews for Program managers.
• Conduct OFAC/314 A screening for cardholders.
• All employees are responsible for compliance with the Bank Secrecy Act and in some roles, OFAC regulations. Depending on your job responsibilities, more or less aspects of the regulations may apply, but at a minimum , all employees are responsible for reporting suspicious activity they identify in the course of performing their job duties. This includes activities conducted by customers, fellow employees, board members, and vendors. 

Requirements

• Attention to detail.
• Excellent time management skills.
• Effective organizational skills.
• Willing to complete required training classes.
• Team player willing to pitch in where needed.
• Ability to work without constant supervision. Can take on an assignment and see it through to its conclusion.
• Strong sense of integrity and personal ethics.
• Knowledge of prepaid cards.

Experience

• 1 year banking experience.
• General computer skills, proficiency in Word and Excel.
• Basic knowledge of bank regulations, specifically BSA helpful.
• Basic knowledge of payment cards.

Education

•  Two years of business experience and/or relevant experience.
• CAMS certification is a plus.