BSA Administrator II

Investar Bank National As; Elmwood (LA); On-site; USD 70,000 - 100,000; Full time

Job summary

Investar Bank National As is seeking a BSA Administrator II in Elmwood, LA to implement and monitor the BSA compliance program. The role involves reviewing CIP/CDD, ownership data, and risk assessments throughout the customer lifecycle, as well as coordinating audits and regulatory examinations.

The successful candidate will lead investigations of high-risk customers, perform OFAC reviews, and partner with various bank lines to ensure regulatory alignment and effective controls.

Qualifications

• Bachelor’s degree or equivalent experience required.
• 3+ years BSA/AML/CIP/OFAC experience in developing and implementing BSA/AML/CIP/OFAC policies, programs and procedures.
• Strong knowledge of Bank Secrecy Act/Anti Money Laundering/U.S. Patriot Act, OFAC Regulations.
• Ability to interact effectively with all levels of management, regulators and examiners while maintaining confidentiality.

Responsibilities

• Reviews and analyzes new customer account information to ensure CIP and CDD compliance and risk rating throughout the customer lifecycle.
• Reviews beneficial ownership information for legal entity customers.
• Assists in the completion and tracking of various quality assurance functions in the BSA Department.
• Collaborates with branch personnel and other departments to ensure regulatory alignment.
• Provides guidance on CDD and EDD requirements and trains staff on CDD expectations.
• Conducts OFAC and sanctions reviews as needed.
• Assists with internal audits, external audits, and regulatory examinations.
• Analyzes accounts for unusual or suspicious activity from various sources.
• Performs complex investigations of high-risk customers and products.
• Ensures compliance with applicable laws, policies and guidelines.

Skills

Bank Secrecy Act Knowledge

AML/CIP/OFAC Compliance

Regulatory Compliance

Interpersonal Skills

Analytical Thinking

MS Office

Education

Bachelor’s degree or equivalent experience

Tools

MS Office Suite

Excel

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

BSA Administrator II

Full Time Professional Elmwood, Elmwood, LA, US

2 days ago Requisition ID: 1644

Job Function –

Implements all aspects of the Bank Secrecy Act (BSA) Compliance Program. Monitors compliance with state and federal Bank Secrecy Act (BSA), USA PATRIOT Act, Anti-Money Laundering (AML), and OFAC laws and regulations.

Job Responsibilities –

• Reviews and analyzes new customer account information to ensure compliance with Customer Identification Program (CIP) and Customer Due Diligence (CDD) requirements and appropriately risk rated throughout the customer lifecycle to mitigate financial crime risks.
• Reviews beneficial ownership information for legal entity customers.
• Assists in the completion and tracking of various quality assurance functions in the BSA Department.
• Collaborates with branch personnel, Treasury Management, Commercial Banking, Retail Banking, Fraud Investigations, AML Surveillance, and Compliance to ensure accordance with regulatory expectations.
• Provides guidance to business lines regarding CDD and EDD requirements and assists with employee training on CDD expectations.
• Conducts OFAC and sanctions reviews as needed.
• Recommends a course of action to management based on an analysis of the findings and process improvements to strengthen compliance and operational efficiency
• Assists with internal audits, external audits, and regulatory examinations.
• Analyzes accounts for unusual or suspicious activity, including by not limited to the following sources: Automated monitoring system alerts, daily reports, branch referrals, new account opening, subpoenas, 314(a) and 314(b) requests, and OFAC reports.
• Serves as backup and/or provides assistance on the duties listed below:
• Performs complex investigations of the Bank’s high-risk customers and products
• Performs initial reviews of new customers determined to be possible High Risk to the Bank as needed
• Performs scheduled EDD reviews of all High Risk customers
• Performs a scheduled review of all Remote Deposit Capture (RDC) customers
• Ensures that own work follows all applicable laws, regulations, policies and guidelines.
• Performs all other duties as assigned.

Education and Related Experience –

• Bachelor’s degree or equivalent experience required.
• 3+ year’s prior financial institution BSA compliance experience in developing and implementing BSA/AML/CIP/OFAC policies, programs and procedures. Required.

Skills and Abilities –

• Must possess extensive knowledge of Bank Secrecy Act/Anti Money Laundering/U.S. Patriot Act, OFAC Regulations
• Must possess general knowledge and understanding of bank deposit operations, lending activities, and other related consumer banking and compliance functions.
• Strong interpersonal, communication (written and verbal), and organizational skills
• Ability to work independently, as well as, collaboratively within a team environment
• Ability to interact effectively with all levels of management, legal counsel, law enforcement, regulators and examiners while maintaining strict confidentiality
• Strong decision making, analytical and investigative abilities with attention to detail and accuracy
• Proficiency in MS Office products (Word, Excel)

Working Conditions and/or Physical Requirements –

• Ability to work under stress and meet deadlines.
• Ability to operate a keyboard if required performing the essential job functions.
• Ability to read and interpret a document.
• Ability to travel if required to perform the essential job functions.
• Ability to lift/move/carry approximately 20 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department an “undue hardship” then the employee must be accommodated; hence, omitting lifting as a physical requirement.

Equal Opportunity Employer/Veterans/Disabled