BSA Administrator
Bassett , VA
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Job Description
Description POSITION TITLE: Bank Secrecy Act (BSA) Administrator
FLSA STATUS: Exempt
SUMMARY:
The BSA Administrator works closely with and assists the BSA Officer as necessary to ensure the organization complies with all Bank Secrecy Act, USA Patriot Act, and Anti-Money Laundering Act rules and regulations. In Addition, the BSA Administrator is required to be fully knowledgeable and skilled in all areas of BSA/AML-CFT Compliance and be able to independently recognize, develop, and implement cost effective compliance related solutions for the BSA/AML-CFT program. In the absence of the BSA Officer, the Administrator is expected to make critical decisions.
ESSENTIAL JOB FUNCTIONS:
* Assist BSA Officer in overseeing and implementing the institution's BSA/AML-CFT compliance program, including policies, procedures, and training initiatives
* Provide input on staff performance and assist with periodic work flow process evaluations to assure efficiency and effectiveness is maximized
* Assist with establishing workload metrics for the various positions in the department to determine staff levels and provide information for individual's job performance reviews
* Stay abreast of changes in BSA/AML-CFT regulations, guidance, and best practices to ensure the institution's compliance efforts remain current and effective
* Assist in evaluating the effectiveness of internal controls related to BSA/AML-CFT compliance and make recommendations for enhancements as needed
* Collaborate with internal departments, external auditors, and regulatory agencies on matters related to BSA/AML-CFT compliance
* Maintain supervisory responsibilities, along with BSA Officer, for mentoring and coaching all BSA Staff
* Oversee daily reviews, alerts, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity
* Assist in managing, researching, and responding to regulatory and supervisory requested information from the Bank's regulators, Law Enforcement, as well as FinCEN, OFAC, and other government entities
* Ensure compliance with 314(a) and 314(b) (PATRIOT Act) responsibilities
* Ensure the maintenance of accurate and complete records on the bank's High Risk customers including documentation of enhanced monitoring
* Ensure timely performance and documentation of the annual review of the bank's exempt customer list in compliance with FinCEN regulations
JOB REQUIREMENTS:
* Bachelor's degree in finance, accounting, or related field or prior work experience in a BSA/AML role within the financial services industry
* Certification in BSA/AML required or must be obtained within 12 months of hire
KNOWLEDGE/SKILLS REQUIRED:
* Strong understanding of BSA regulations and ant-money laundering (AML) principles
* Proficiency in using BSA compliance software and fraud detection tools
* Basic knowledge of Bank products and services
* Excellent analytical skills and attention to detail
* Effective communication and interpersonal skills, with the ability to collaborate across departments
* Ability to work independently and prioritize tasks in a fast-paced environment
* Knowledge of Microsoft Office products, especially Word and Excel
PHYSICAL AND MENTAL QUALIFICATIONS:
* Standing, walking, bending and stooping required
* Must be able to sit at a desk for long periods of time and use a computer
* Must be able to occasionally move or lift up to 10 pounds
* May be asked to work supplemental hours periodically
* Limited travel required occasionally during and after business hours
Qualifications
Education
Bachelors of Accounting (required)
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Carter Bank & Trust provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, disability, or status as a covered veteran in accordance with applicable federal, state and local laws.
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Job Summary
Company
Carter Bank and Trust
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
Open