What are the responsibilities and job description for the BSA & Fraud Support Specialist position at Midwest Bank?
Job Summary
This position provides day-to-day support for the Bank Secrecy Act (BSA) and Fraud Prevention programs at Midwest Bank. This role is responsible for reviewing alerts, conducting high-risk customer monitoring and assisting with investigations, and ensuring compliance with regulatory requirements.
Essential Functions
• Review and resolve daily BSA alerts in accordance with internal procedures.
• Conduct reviews for Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) alerts for new and existing customers and investigate suspicious activity.
• Assists with regulatory reporting and transaction monitoring
• Assists with fraud investigations, including gathering and maintaining documentation and escalating concerns as needed.
• Provides support during audits, exams and internal reviews.
• Assists with maintaining policies and procedures.
• Assists with ongoing employee and community education.
• Other projects and responsibilities may be added at the company’s discretion
Job Requirements and Qualifications
Education and/or experience: Associate’s degree in business or finance desirable with one to three years banking experience preferred. Experience may be substitute for education.
Critical Skills:
Strong organizational skills with excellent communication and documentation skills. The ability to interpret and apply regulations and internal procedures. Strong attention to detail with proficient investigative skills. Must be a self-starter with strong problem-solving skills. Other Information Physical Requ
Other Information Physical Requirements:
The ability to sit for extended periods of time, ambulatory skills sufficient to visit branch locations. The ability to stand, walk, and manipulate (carry, lift, move) light to medium weights of 10 to 50 pounds. Requires good hand-eye coordination, arm and finger dexterity, including the ability to grasp, and visual acuity to use a keyboard and computer monitor, operate equipment and read technical information. Must possess valid and current driver’s license and ability to drive motor vehicle.
Working Conditions: Work is generally performed in bank office environment. Requires travel to other branch sites.
Salary : $22 - $25