BSA Assistant

Position: BSA Assistant

Location: South Branch

Position Summary:

The BSA Assistant supports the Bank Secrecy Act (BSA) Officer in ensuring the bank complies with federal regulations related to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC). This role assists in the effective implementation of the bank’s compliance program through transaction monitoring, recordkeeping, reporting, and customer due diligence. This position plays a role in fulfilling the bank’s purpose of building meaningful relationships as we invest in our communities by helping maintain a culture of integrity, accountability, and safety for the bank and our customers.

Core Values in Action

This role is expected to consistently demonstrate the bank’s core values:

• Courage – ”We stand with Courage to overcome challenges by aligning our actions with our values.”
• Compassion – ”We embody Compassion through empathy and acts of kindness.”
• Wisdom – ”We offer our collective Wisdom in service of others.” 

Primary Duties and Responsibilities:

• Assist the BSA Officer with daily monitoring of transactions for suspicious activity and regulatory compliance.
• Review alerts, reports, and exception items generated by the bank’s AML software; escalate issues as appropriate.
• Conduct due diligence and maintain documentation on new and existing customer accounts, including Beneficial Ownership (BOI) information.
• Assist in preparing and filing Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) in a timely and accurate manner.
• Monitor cash transaction logs, large currency reports, and monetary instrument logs for completeness and accuracy.
• Perform OFAC checks on new accounts, wire transfers, and other applicable transactions.
• Maintain and organize BSA/AML-related files and records in accordance with record retention policies.
• Support internal audits and regulatory examinations by preparing required documentation and reports.
• Assist with updating policies, procedures, and training materials related to BSA/AML compliance.
• Participate in ongoing training to stay informed about current BSA/AML laws, regulations, and industry best practices.
• Perform other duties as assigned by the BSA Officer or Compliance Department.

Qualifications:

• High school diploma or equivalent required.
• Knowledge of banking operations, regulatory requirements, or prior compliance experience preferred, but not required.
• Strong attention to detail and accuracy; ability to follow established procedures.
• Proficiency in Microsoft Office (Word, Excel, Outlook); ability to learn BSA/AML software systems.
• Excellent organizational and time management skills.
• Effective verbal and written communication skills.
• Ability to handle confidential and sensitive information with discretion.

Supervisory Responsibilities:

• This position has no supervisory responsibilities.

Physical/Work Environment Requirements:

• Regularly required to talk, hear, stand, and use hands to handle or feel objects.
• Frequently required to walk; occasionally required to sit, stoop, or kneel.
• Daily computer work for 6 hours, including screen viewing and typing.
• Ability to move throughout the branch to access files, office equipment, and other materials.
• Ability to work in a fast-paced environment with multiple priorities.

Company Expectations:

• Deliver quality work within deadlines, with or without supervision.
• Maintain a professional and respectful demeanor with colleagues, customers, and vendors.
• Function effectively both as a team member and independently, while communicating and coordinating with others.
• Maintain consistent attendance, which is essential to this role due to internal and external customer contact.

Other Information:

This job description is not a contract and does not limit management’s right to assign or reassign duties at any time. Responsibilities may be adjusted based on business needs or reasonable accommodation.

EOE/M-F/V/D