What are the responsibilities and job description for the BSA Officer position at Cameron Smith & Associates, Inc.?
- Review all new accounts daily for 20% review of CIP and 100% review for Politically Exposed Persons (PEPs), Profession Service Providers (PSPs), Non-governmental, Organizations, Charities (NGOCs) etc. at least quarterly.
- Download and review of FinCEN report every two weeks as well as review OFAC on Jack Henry system.
- Prepare report for BSA Committee which includes all items to be reviewed and/or discussed for each meeting.
- Prepares BSA Report to the Board of Directors including review of Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs) and CTR exemptions.
- Review BSA Yellow Risk Analysis work lists, AML Alerts work lists and Peer Analysis work lists monthly for new accounts, bi-annually for existing accounts.
- Monitor on-premises ATM locations at least quarterly.
- Review medium and high-risk accounts at least quarterly.
- Detect and report suspicious activity daily.
- Daily monitoring of large item transactions.
- Weekly review and filing of CTR reports.
- Daily reporting of monetary instruments.
- Annual Phase I and Phase II CTR exemption analysis.
- Prepare and file SARs as needed and ensure continuation SARs are completed if suspicious activity continues.
- Prepares annual BSA training for the Board of Directors.
MINIMUM REQUIREMENTS
- Bachelor’s degree preferred with at least 5 years of total banking experience and 2 years of experience as a BSA officer or the equivalent combination of education and/or experience.
- Basic knowledge of Bank operations, products and services; related state and federal laws and regulations, and other Bank operational policies and procedures.
- Experience in computer terminal and personal computer operation; software programs of diverse functionality used by the Bank, including but not limited to, desktop applications and administrative programs and resources. (Microsoft Word, Excel, and Outlook)
- Effective oral, written and interpersonal communication skills.
- Effective organizational and time management skills.
- Current Arkansas driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.