First Federal Savings Bank
  • 15-Jun-2018 to 14-Aug-2018 (MST)
  • Retail Operations
  • Twin Falls, ID, USA
  • Salary
  • Full Time

Full Benefits Package Available


Job Summary

The BSA/AML Specialist position is responsible for all technical compliance with BSA/AML, OFAC & PATRIOT Act; including CTR reports, risk assessment, due diligence and 314(a) responses.  Complete necessary documentation for required regulatory reporting.     Under general supervision, review for suspicious activity both system generated reports and escalated alerts from various business lines regarding consumer and business accounts. Assist in communication, investigation and dissemination of information concerning BSA regulatory requirements and AML policies. Conducts account research, review and monitoring.

 

Essential Duties and Responsibilities

 

  • Assists BSA Supervisor in researching, monitoring and communicating regulatory changes in BSA/AML.
  • Generate the necessary monitoring suspicious activity reports form the monitoring software or any other application systems used to detect suspicious activity.
  • Identify, investigate, and report suspicious activity or incidents utilizing various automated or paper-based money laundering and suspicious activity detection systems.
  • Monitor Bank accounts for suspicious activity related to money laundering, terrorist financing, fraudulent check transactions, identify theft, wire fraud, and other Bank related criminal activities.
  • Gather necessary supporting documentation from other departments and/or financial centers regarding suspicious transactions or customers under review.
  • Research information and accurately write Suspicious Activity Report (SAR) narratives and file SARs on a timely basis.
  • Document all investigative efforts, regardless whether suspicious activity or fraud is determined.
  • Maintain electronic storage of supporting documentation of all investigative efforts.
  • Provide information to BSA Supervisor and assist Suspicious Activity Report (SAR) recommendations.
  • Review Currency Transaction Reports for accuracy and file in compliance with regulatory timeframe.
  • Identify, investigate, and report customers for exempt consideration to BSA Supervisor.
  • Provide information to and assist BSA Supervisor with initial Exempt recommendations.
  • Conduct annual customer reviews as assigned by BSA Supervisor.
  • Assist BSA Supervisor with FinCEN 314(a) process list requests, including conducting and documenting appropriate research and respond in compliance with regulatory timeframe.
  • Monitor Customer Identification Programs (CIP) and Customer Due Diligence (CDD).
  • Conduct enhanced CDD on high-risk customers, or existing customers identified through ongoing activity, that may have insufficient or incomplete CDD information.
  • Perform general secretarial duties, such as filing, mailings, and fielding phone calls.
  • Update and maintain department databases.
  • Complete ongoing specific training in BSA/AML compliance requirements.
  • Identify research, investigate, and report high-risk activity and potential high-risk customers to the BSA Supervisor.
  • Conduct periodic monitoring of high-risk customers and/or high risk activities as required by departmental procedures.
  • Conduct OFAC screening, scans and perform system updates.
  • Assist in preparation of AML Board Reports.
  • Assist in investigations of internal and external activities, in cooperation with government agencies and law enforcement officials, activities that may involve or have involved criminal activity.
  • To perform all job duties and maintain compliance with all banking acts, laws and regulations applicable to your job function.

 

Non-Essential Duties and Responsibilities

  • Work with the Branches on follow-up items required in regards to CTR's and provide training as needed.
  • Work on special projects as requested by Retail Operations Manager/Security Officer or Retail Operations/BSA Officer.
  • Assist in preparation for regulatory examinations and other duties as assigned.
  • Provide backup support to the Security Department and Retail Operations as needed.
  • Assist BSA Officer with other assigned tasks as requested.

 

Qualifications Required

(Required education may be satisfied by experience and/or working knowledge)

High School diploma or equivalent.  An intermediate level knowledge of Microsoft Office Suite products with an emphasis on Word, PowerPoint and Excel to include creating and formatting spreadsheets in Excel.

Physical Requirements and Working Conditions

Sitting for extended periods of time, requires close visual acuity and the ability to work and operate computer applications and equipment including copy machine, telephone, scanner or other basic business equipment.  The ability to reach, squat, bend, and manually manipulate standard office equipment and perform repetitive finger, hand, and arm movements.  Some infrequent travel is required for branch/department visitations.   The job is within the normal office environment range.

 Qualifications Preferred

Associates or Bachelor's degree is preferred.  At least 2 years of banking experience and be familiar with standard concepts, practices, and procedures related to BSA and AML.  BSA Certifications such as CAMS, CBAP, or CAFP are also preferred.  

Knowledge, Skills and Abilities Required

Requirements stated here are minimum levels of knowledge, skills and/or abilities to qualify for this position.  To perform the duties and responsibilities of this position successfully, the employee must possess the abilities and aptitudes to perform each task proficiently.  "Ability" means to "possess and apply" both knowledge and skill. 

Knowledge

  • Good working knowledge of the Bank Secrecy Act and/or Bank's policies and procedures.
  • Knowledge of financial crimes, investigation, fraud detection and scenarios, banking operations, security and regulatory guidelines as they relate to department functions.

 

Skills

  • Communicate effectively in all verbal and written communications or emails appropriate for the needs of the audience.
  • Exercises sound judgment, tact, diplomacy, integrity and professionalism in all transactions to include communicating and working with confidential information.
  • Job requires common sense and a practical approach.
  • Must have good observation skills and be reliable.
  • Professional communication skills, both written and verbal.
  • Must be able to multi-task in a fast-paced environment.
  • Comfortable handling potential emergency situations.
  • Strong organization and time management skills, ability to meet frequent and critical deadlines, and ability to adapt to change, including those related to technological enhancements.
  • Exhibit excellent customer service and problem resolution skills; ability to establish and maintain strong rapport with customers and branch personnel; and ability to work in a team-oriented environment.
  • Strong analytical, investigative and problem solving skills.
  • Critical focus on detail-oriented workflow and investigation process with demonstrated analytical and problem-solving skills.
  • Support the timely identification, escalation of issues, and follow through to adequate resolution.
  • Actively looking for ways to help others.

 

 

Abilities

  • Ability to meet strict deadlines and manage workload using effective prioritization and time management.
  • Requires being reliable, responsible and dependable and the ability to fulfill obligations.
  • The ability to work with multiple deadlines.
  • Ability to maintain a high level of confidentiality in dealing with sensitive issues.
  • The ability to make decisions that affect other people and/or the image and reputation of the bank.
  • The ability to work well independently.
  • Ability to effectively discern information and formulate appropriate actions.
  • Ability to think critically and provide appropriate solutions.
First Federal Savings Bank
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