BSA Administrator II

Investar Bank; Elmwood (LA); Hybrid; USD 65,000 - 90,000; Full time

Job summary

Investar Bank seeks a BSA Administrator II to implement and monitor the Bank Secrecy Act (BSA) program in Elmwood, LA. You will review CIP and CDD, monitor for AML risk, and coordinate with branches and departments to ensure regulatory alignment.

Responsibilities include OFAC reviews, assisting audits, and conducting investigations of high-risk accounts. A Bachelor’s degree and 3+ years in BSA compliance are required, with strong analytical and communication skills.

Qualifications

• Bachelor’s degree or equivalent experience required.
• 3+ years’ BSA/AML/CIP/OFAC compliance experience.
• Extensive knowledge of BSA/AML/Patriot Act and OFAC.
• Strong interpersonal and communication skills.

Responsibilities

• Reviews and analyzes new customer account information to ensure CIP and CDD compliance.
• Reviews beneficial ownership information for legal entity customers.
• Assists in QA functions in the BSA Department.
• Collaborates with branches and other departments to ensure regulatory adherence.
• Provides guidance on CDD/EDD requirements and trains staff.
• Conducts OFAC and sanctions reviews.
• Assists with audits and regulatory examinations.
• Analyzes accounts for unusual or suspicious activity.
• Performs complex investigations of high-risk customers.
• Ensures compliance with laws, regulations, policies and guidelines.

Skills

BSA/AML knowledge

CDD/EDD knowledge

Regulatory compliance

Communication skills

Analytical abilities

MS Office (Word/Excel)

Education

Bachelor’s degree or equivalent experience

Tools

MS Office

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

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