Skip to Content
Careers

About the Position

BSA Compliance Specialist

Location: Lexington, South Carolina

This position will assist the Compliance/BSA Officer with ensuring Bank Secrecy Act compliance, implementing and administering all activities relating to BSA and AML Program and Internal Controls, requiring subject matter expertise and knowledge of emerging regulatory requirements.

Essential Duties and Responsibilities (Other duties may be assigned.)

  • Assists in all aspects of accounts and activities under different departments of the Bank relating to BSA, AML and OFAC compliance as described in the FFIEC Bank Secrecy Act Anti-Money Laundering Examination Manual.
  • Utilizes BSA/AML monitoring application systems and other reports to detect suspicious activities.
  • Perform due diligence on alerts and cases, promptly closing alerts not deemed unusual or suspicious and escalating cases of unusual or suspicious activity.
  • Creates case investigation file that includes Enhanced Due Diligence conducted and ensures that the decision-making process to file or not to file a SAR is documented on the investigation case file.
  • Reviews Currency Transaction Reports (CTRs) for accuracy and timely submission. Forward corrections to banking offices for training purposes.
  • Prepares and/or approves and submits Suspicious Activity Reports (SARs) electronically, including accountability for 90-day reviews of continuing activity.
  • Provide appropriate documentation to support findings and recommendation to SAR Committee on an “as needed” basis; i.e., Request to Close Relationship or Request to Maintain.
  • Performs high risk account monitoring to include CDD and EDD procedures for MSBs and POATMs.
  • Assists with documentation requests and monitoring/reporting activities for all regulatory examinations and audits as they relate to BSA/USA PATRIOT Act, OFAC and related issues.
  • Researches data and compiles BSA metrics for committee reports, including assisting with annual BSA/AML Risk Assessment.
  • Analyze work of tellers and customer service representatives for compliance with regulations and Bank internal policies and procedures.
  • Provides banking office and customer support on day-to-day issues related to BSA.
  • Assists in providing applicable BSA/AML training.

Qualifications

  • Bachelor’s degree preferred, or a minimum of 5 years related bank compliance experience with knowledge of BSA/AML and SAR reporting requirements, or an equivalent combination of education and experience.
  • Experience with BSA/AML monitoring; Verafin AML software a plus.
  • Effective oral and written communication skills.


Certifications/Licenses/Registrations

  • CAMS, desired